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  "documentTitle": "Lightning eMotors | SPAC Presentation Deck | 45 slides",
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  "authorName": "Lightning eMotors",
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  "presentationDate": "2020-12-01 00:00:00",
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  "notes": "Includes detailed footnotes regarding convertible note terms, PIPE, and cash usage.",
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      "text": "(1) Assuming a $100 million Convertible Note, $25 million PIPE and maximum redemptions, existing Lightning eMotors shareholders would receive 86.5% of the pro forma equity. (2) 3-Year Unsecured $100mm Convertible Note bearing a coupon rate of 7.50% and conversion price of $11.50. Lightning eMotors may force conversion after year 1 if share price exceeds 120% of the conversion price ($13.80), provided that the Company's average daily market value of common stock traded for the preceding 30 trading day period exceeds $3.0 million. (3) Based on ~$202 million cash in trust (assuming no redemptions), 2.5 million PIPE shares at $10.00 / share and $100 million Convertible Note, less $40 million in transaction expenses. Net of $500,000 of existing balance sheet cash and $15 million of existing Lightning eMotors debt.",
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      "text": "Timeline: Transaction expected to close 1H 2021; post-closing company to be Delaware corp, retain name, and list on NYSE.",
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      "text": "Valuation: Pro forma Enterprise Value of ~$651 million (0.56x 2024E Revenue of $1,165 million); existing holders receive 65.5% of pro forma equity.",
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      "text": "Transaction Funding: Funded by GigCapital3 cash, common stock, $100M Convertible Note, and $25M PIPE; results in ~$273M cash to balance sheet.",
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      "text": "Detailed Transaction Overview",
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