{
  "docId": "019dd923-622c-750b-8b99-856ed0788e9a",
  "docSlug": "40e9e62f0249",
  "documentTitle": "PowerSchool Holdings, Inc. (PWSC)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2024-04-17 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 117,
  "pageCount": 117,
  "prevPage": 116,
  "nextPage": null,
  "slideType": "other",
  "function": "establish_context",
  "density": "balanced",
  "nDataPoints": 8,
  "notes": "The slide uses a classic Up-C structure diagram to illustrate the dual-class share structure and the relationship between Topco LLC, Holdings LLC, and PowerSchool Holdings, Inc.",
  "elementsJson": [
    "headline_text",
    "process_diagram",
    "callout_box",
    "footnote"
  ],
  "metadataConfidence": 0.95,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b99-856ed0788e9a/117",
  "deckHref": "/decks/019dd923-622c-750b-8b99-856ed0788e9a",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b99-856ed0788e9a.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-856ed0788e9a#slide-117",
  "components": [
    {
      "bbox": {
        "h": 0.05,
        "w": 0.15,
        "x": 0.07,
        "y": 0.84
      },
      "kind": "callout",
      "text": "Operating Business",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0954c9cf-ddfa-4fb8-b6e2-445bc7c1d32b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.15,
        "x": 0.82,
        "y": 0.515
      },
      "kind": "callout",
      "text": "Public Shell",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6abc629f-58c9-4426-81ea-41a488a89877",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.3,
        "x": 0.01,
        "y": 0.175
      },
      "kind": "callout",
      "text": "Vista Equity controlled. Vista ownership represented by 100% or 37.7M of Class B common stock",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ae2f2eff-f6cf-4edd-ae8f-ac78089f4201",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.75,
        "w": 0.9,
        "x": 0.05,
        "y": 0.15
      },
      "kind": "diagram",
      "text": "Organizational structure diagram showing Topco LLC, Holdings LLC, and PowerSchool Holdings, Inc.",
      "attrs": null,
      "subkind": "org-chart",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "01a0cdfe-6f66-46c0-8b83-dc12d5112cc0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.2,
        "x": 0.02,
        "y": 0.98
      },
      "kind": "source-note",
      "text": "Source: PowerSchool IPO Prospectus",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5e006f01-dbde-4c58-9500-73e68b260f0c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.43,
        "x": 0.338,
        "y": 0.05
      },
      "kind": "title",
      "text": "PowerSchool Organizational Structure",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d3b2a7fb-26a7-4e14-959b-e3f0c968e221",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "Up-C Structure",
      "slug": null,
      "matchId": "b95944aa-ba99-496b-8d86-143a195d210f",
      "evidence": "The diagram depicts a classic Up-C structure with an operating LLC and a public holding company.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}