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  "docSlug": "c358888161f0",
  "documentTitle": "Ginkgo Bioworks (DNA)",
  "authorId": "58_Scorpion_Capital",
  "authorName": "Scorpion Capital",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-10-06 00:00:00",
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  "pageNumber": 9,
  "pageCount": 175,
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  "slideType": "expose_contradiction",
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  "notes": "The slide uses a combination of a table from a SPAC prospectus and screenshots of LinkedIn and corporate registry filings to build a case of a 'China Hustle-type scam'.",
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      "text": "We find this particularly brazen, as Kalo was only formed 2 weeks earlier as an entity, according to its Massachusetts corporate registry filing, which further indicates that the entity’s “Principal Offices” are Ginkgo’s headquarters, and its 3 ‘Managers’ are Ginkgo’s CEO and two Ginkgo cronies.",
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      "kind": "image",
      "text": "Kalo Ingredients LinkedIn search showing 0 employees",
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      "kind": "image",
      "text": "MA corporate registry filing for Kalo Ingredients",
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      "kind": "list",
      "text": "Organized as a Delaware entity on 3/15/2021. Principal Office listed as Ginkgo’s corporate HQ. “Managers” listed are CEO Jason Kelly, Jason Kakoyiannis, and Jasmina Aganovic",
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      "kind": "metric",
      "text": "deferred revenue: $11.9MM",
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      "kind": "paragraph",
      "text": "We investigated each of Ginkgo’s related party “customers,” and as a preview of what a hard-core China Hustle-type scam it is, we note Kalo Ingredients, which has no employees listed on LinkedIn, yet Ginkgo booked an $11.9MM deferred revenue balance as of 3/31/2021.",
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      "kind": "source-note",
      "text": "Source: Soaring Eagle Acquisition Corp prospectus 8/13/2021, SEC filings, and MA corporate registry.",
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      "kind": "table",
      "text": "SPAC Prospectus table showing deferred revenue for Kalo Ingredients as $11,897",
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