Forbes SPAC Presentation Deck
Significant Tax Benefits
NOL and amortization provide shareholder value
In millions USD
Amortization
Tax shield (¹):
$45 million
1)
2)
NOLS (¹):
$10 million
Total:
$55 million
Result of continued availability of historically generated amortization
deductions available through 2029
• Total of $213 million in potential tax shield available
• Accumulated NOLs in current structure(2)
• Total of $48 million in potential tax shield available
• Overall benefits from an additional $55 million, 1.0x 2022E EBITDA of value
Note: Company estimates. For financial projections, please refer to "Use of Projections" portion of the disclaimer.
Assumes 21% US federal income tax rate. Application of state taxes may provide additional benefit.
NOLS estimated as of December 31, 2020.
Forbes
45View entire presentation