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  "documentTitle": "Skillz | SPAC Presentation Deck | 42 slides",
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  "authorName": "Skillz",
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  "presentationDate": "2020-09-01 00:00:00",
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  "pageNumber": 35,
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  "notes": "Slide 33 of the pitch deck.",
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      "text": "Post-Transaction Ownership. Skillz Stockholders 58%, FEAC Stockholders 18%, Founder / CEO 18%, PIPE Investors 4%, FEAC Sponsor 2%.",
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      "text": "Flying Eagle Acquisition Corp. (\"FEAC\") is a publicly listed special purpose acquisition company with over $690 million of cash in trust. FEAC has agreed to combine with Skillz based on a $3.5 billion pre-money equity value. Historical annual revenue growth of over 100%. Andrew Paradise will hold approximately 18% of the equity post-transaction. 24-Month Lockup: Substantially all shares held by existing Skillz stockholders and the Founder group subject to a 24-month lock-up period with limited 1.5m share quarterly releases per stockholder commencing 180 days post-closing. Skillz will maintain, post-closing, a dual class stockholder structure with super voting rights for Andrew Paradise at a ratio of 20:1. After giving effect to the transaction, the company will have approximately $250 million of unrestricted cash with public equity currency to accelerate growth. Total merger consideration to Skillz stockholders of $3.5 billion, which is expected to be comprised of $609 million in cash consideration (assuming no redemptions) and the remainder in stock issued by FEAC. Andrew Paradise and Casey Chafkin, founders of Skillz, have indicated they currently intend to receive substantially all of their merger consideration in the form of stock.",
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      "text": "Notes: | 1 Based off 2018A to 2020E revenue CAGR; 2 Post-transaction ownership excludes shares subject to earn-out",
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      "text": "Illustrative Sources and Uses ($ Millions). Sources: FEAC Cash in Trust $690, PIPE Proceeds $159, Sellers' Equity $3,500, FEAC Sponsor Upfront Shares $72, Existing Skillz Cash on Balance Sheet $66. Total Sources $4,487. Uses: Cash on Balance Sheet $250, Cash to Skillz Stockholders $609, Sellers' Equity $3,500, FEAC Sponsor Upfront Shares $72, Transaction Expenses $56. Total Uses $4,487.",
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      "text": "PROPOSED TRANSACTION SUMMARY",
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