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  "documentTitle": "Hims & Hers | SPAC Presentation Deck | 43 slides",
  "authorId": "hims-hers",
  "authorName": "Hims & Hers",
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  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2021-01-01 00:00:00",
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  "notes": "Includes detailed footnotes regarding share counts, cash, and transaction fees.",
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      "text": "Illustrative Pro Forma Ownership at Close: Sellers' Rollover Equity 84%, OAC Shareholders 12%, PIPE Investors 4%",
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      "text": "Source: Company internal data. Note: Assumes no redemptions... 1. Based on cash held in short term investments as of June 30, 2020. 2. Dual class common stock structure... 3. Includes $89mm of cash... 4. Includes management transaction bonus of $10 million",
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      "text": "Implied pro forma enterprise value of $1.6 billion; OAC to combine with hims & hers; Represents an attractive pro forma multiple of 12.2x 2021E Gross Profit and 8.9x 2021E Revenue; Existing hims & hers shareholders eligible to receive up to 16 million shares subject to ratable vesting; Concurrent with the transaction, OAC and hims & hers are seeking to raise up to $75mm in a PIPE at $10.00 per share; Existing shareholders of hims & hers to maintain approximately 84% ownership",
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      "text": "Illustrative Sources & Uses ($ millions): Sources (OAC Cash Held in Trust $205, PIPE Investment Proceeds 75, Sellers' Equity $1,600, Total $1,880), Uses (Cash to Balance Sheet $245, Sellers' Equity $1,600, Transaction Fees $35, Total $1,880)",
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      "text": "Pro Forma Enterprise Value ($ millions): Share Price $10.00, Pro Forma Shares Outstanding 192.656, Equity Value $1,927, (-) Cash on Balance Sheet (334), (+) Debt —, Pro Forma Enterprise Value $1,592, Pro Forma EV / 2021E Revenue 8.9x, Pro Forma EV / 2021E Gross Profit 12.2x",
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