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  "notes": "The slide compares four transaction scenarios against a baseline valuation, highlighting the impact of Change of Control provisions on redemption values.",
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      "text": "While current negotiated range of 13.5-18.5mm units represents significant discount to Series B presented valuation, alternative transaction structure significantly reduces the value of the Series B units and may allow a forced redemption due to Change of Control provisions.",
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      "text": "Preliminary \"Day 1\" Liquidation Comparisons",
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