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  "documentTitle": "Luminar | Investor Presentation Deck | 42 slides",
  "authorId": "luminar",
  "authorName": "Luminar",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2020-11-01 00:00:00",
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  "pageNumber": 40,
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  "notes": "Slide 40 of a SPAC pitch deck.",
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      "text": "1 Existing Luminar shareholders to receive an earnout to vest over 6 share price hurdles (approximately 4.3M shares at each of the following share prices): $13.00, $16.00, $19.00, $22.00, $25.00, $28.00.\n2 Assumes no redemptions by GM's existing public shareholders and before impact of warrants and earnout. Pro forma ownership of 80% excludes Series X investment.",
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      "text": "TRANSACTION STRUCTURE(1)\nBusiness combination between Luminar Technologies, Inc. (\"Luminar\") and Gores Metropoulos, Inc. (Nasdaq: GMHI) (\"Gores Metropoulos\" or \"GM\"), a publicly-traded special purpose acquisition company\n$170 million financing directly into Luminar (the \"Series X Financing\") which was fully committed at transaction signing (August 24, 2020) and funded immediately, anchored by top tier institutional investors including Alec Gores, Van Tuyl Companies, Peter Thiel, Volvo Cars Tech Fund, Crescent Cove, Moore Strategic Ventures, Nick & Jill Woodman and VectolQ\nProxy has been declared effective and the GM shareholder vote will be held on December 1, 2020\nClosing expected shortly after GM shareholder meeting, following which GM will be renamed Luminar and listed on Nasdaq under the new ticker symbol \"LAZR\"",
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      "text": "VALUATION\nFully diluted pro forma equity value of ~$3.4 billion (assuming $488 million in net cash at closing)\nExisting Luminar shareholders will roll the entirety of their existing equity holdings into the combined company and are expected to receive ~80% of the pro forma equity(2)",
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      "text": "CAPITAL STRUCTURE\nFunded by a combination of GM cash held in a trust account, and proceeds from the Series X Financing\nTransaction will result in $520 million of cash on the balance sheet to fund growth(2)",
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      "text": "TRANSACTION OVERVIEW",
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