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      "Insert a Situation/Complication slide before Slide 3 framing Diamond's strategic rationale and the volatility risk that motivates a collar discussion",
      "Rewrite every title as a declarative sentence — e.g. S5 -> 'A symmetric fixed collar best balances Acquiror dilution and Target downside'; S7 -> 'Raven has outperformed Vail by X% since IPO, supporting a premium ratio'",
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      "Add a second pillar divider so the deck reads Proposal -> Market Context -> Structural Options -> Recommendation, instead of Proposal -> Appendix dump",
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      "Zero recommendation slide: deck presents structures (S5, S9-11) and data (S4, S7-8, S12) but never says which collar Goldman recommends",
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          "extraction": {
            "at": "2026-05-02 14:12:46.745+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "7856931d-a2f3-4d66-8100-ef1004d0299b",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [],
      "frameworks": [],
      "arcBeats": [],
      "loops": [],
      "locked": true
    }
  ],
  "arcBeats": [
    {
      "from": 3,
      "to": 3,
      "label": "Situation & Context",
      "description": "Executive summary on page 3"
    },
    {
      "from": 4,
      "to": 5,
      "label": "Problem & Complication",
      "description": "Historical Exchange Ratio Analysis and Overview of Potential Collar Structures on pages 4-5"
    },
    {
      "from": 9,
      "to": 11,
      "label": "Solution & Approach",
      "description": "Fixed vs. Floating Collar and Value/Risk Trade-Offs on pages 9-11"
    }
  ],
  "loops": [
    {
      "from": 4,
      "to": 5,
      "label": "Mece Breakdown",
      "description": "To analyze exchange ratio and collar structures"
    },
    {
      "from": 3,
      "to": 3,
      "label": "Voice Of Customer",
      "description": "To present the proposal"
    }
  ]
}