{
  "docId": "019de070-09b6-73ab-9afa-502435f39726",
  "docSlug": "3d5faf0883b6b82602210c2c69576e7b",
  "documentTitle": "Nikola | SPAC Presentation Deck | 27 slides",
  "authorId": "nikola",
  "authorName": "Nikola Corporation",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2020-04-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 6,
  "pageCount": 27,
  "prevPage": 5,
  "nextPage": 7,
  "slideType": "appendix_data",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 8,
  "notes": "Slide details the SPAC merger terms between Nikola and VectoIQ.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de070-09b6-73ab-9afa-502435f39726/6",
  "deckHref": "/decks/019de070-09b6-73ab-9afa-502435f39726",
  "deckJsonHref": "/decks/019de070-09b6-73ab-9afa-502435f39726.json",
  "deckAnchorHref": "/decks/019de070-09b6-73ab-9afa-502435f39726#slide-6",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.85,
        "x": 0.103,
        "y": 0.865
      },
      "kind": "disclaimer",
      "text": "1. Including Series D investors. Excluding potential dilution from out-of-the-money VectoIQ warrants. Assumes no redemptions by VectoIQ’s existing public shareholders. 2. Based on $237 million cash in trust, $67 million cash from Nikola balance sheet, 52.5 million shares at $10/share PIPE ($525 million) less $50 million transaction expenses and $70 million cash to seller. Assumes no redemptions by VectoIQ’s existing public shareholders.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "50ebf8a3-f9e5-4b36-a6a2-d6beb958c974",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.797,
        "x": 0.103,
        "y": 0.268
      },
      "kind": "list",
      "text": "Transaction Structure: Business combination agreement, Q2 2020 closing, NASDAQ listing.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "aad2f096-9007-47b1-aea7-f993dbb8866e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.797,
        "x": 0.103,
        "y": 0.685
      },
      "kind": "list",
      "text": "Capital Structure: Funded by trust cash, common stock, and PIPE; $709M cash on balance sheet.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c8c2095e-6d68-44bd-9203-d8297f1a9321",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.797,
        "x": 0.103,
        "y": 0.495
      },
      "kind": "list",
      "text": "Valuation: $3.3B EV, 1.0x 2024E revenue, 79.6% equity to existing shareholders.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f6508194-1f48-4f28-aaae-80990800b200",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.44,
        "x": 0.103,
        "y": 0.095
      },
      "kind": "title",
      "text": "PROPOSED TRANSACTION OVERVIEW",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2943341e-45d6-4cee-a5ac-3e716276eedd",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "2x2 matrix",
      "slug": "matrix-2x2",
      "agent": null,
      "layer": "slide",
      "matchId": "0a1f414d-8394-4200-a425-e02cb31128b3",
      "evidence": "list/bullet: Capital Structure: Funded by trust cash, common stock, and PIPE; $709M cash on balance sheet.",
      "confidence": 0.7
    },
    {
      "name": "Table data",
      "slug": "table-data",
      "agent": null,
      "layer": "slide",
      "matchId": "9dfb02f9-f45a-4772-90d2-36c0ab078b09",
      "evidence": "table/data: Uses table showing Equity Consideration, Cash to Seller, Cash to Balance Sheet, Transaction Expenses, and Total Uses.",
      "confidence": 0.8
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}