{
  "docId": "019de070-c34c-758f-b88c-1bb8213d3b0a",
  "docSlug": "4315cae3564810a2e639ff5d5749a4a3",
  "documentTitle": "Xos | SPAC Presentation Deck | 51 slides",
  "authorId": "xos",
  "authorName": "Xos",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2021-02-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 6,
  "pageCount": 51,
  "prevPage": 5,
  "nextPage": 7,
  "slideType": "appendix_data",
  "function": "summarize",
  "density": "overcrowded",
  "nDataPoints": 6,
  "notes": "Slide details the financial and structural terms of a SPAC-style merger.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de070-c34c-758f-b88c-1bb8213d3b0a/6",
  "deckHref": "/decks/019de070-c34c-758f-b88c-1bb8213d3b0a",
  "deckJsonHref": "/decks/019de070-c34c-758f-b88c-1bb8213d3b0a.json",
  "deckAnchorHref": "/decks/019de070-c34c-758f-b88c-1bb8213d3b0a#slide-6",
  "components": [
    {
      "bbox": {
        "h": 0.15,
        "w": 0.18,
        "x": 0.77,
        "y": 0.76
      },
      "kind": "image",
      "text": null,
      "attrs": null,
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2a23a0d3-18d9-4105-9cb4-13a855860ffe",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.18,
        "x": 0.77,
        "y": 0.2
      },
      "kind": "image",
      "text": null,
      "attrs": null,
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4d96859c-28be-4038-9582-fe153b562255",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.18,
        "x": 0.77,
        "y": 0.46
      },
      "kind": "image",
      "text": null,
      "attrs": null,
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "988813fa-75db-4278-97d1-f2571e986095",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.65,
        "x": 0.05,
        "y": 0.41
      },
      "kind": "list",
      "text": "TRANSACTION FUNDING\n- $515mm cash to balance sheet, subject to shareholder redemptions.\n- NextGen (NASDAQ: NGAC) has $375mm cash in trust.\n- PIPE size of $220mm.\n- Transaction is expected to fully fund business model through cash flow positive.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6b065317-df92-4f7a-8890-9667329d3c4d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.65,
        "x": 0.05,
        "y": 0.73
      },
      "kind": "list",
      "text": "VALUATION\n- Enterprise Value of $1.45B (Implied EV / 2024E Revenue multiple of 0.5x, based on revenue of $2,970mm).\n- Existing Xos shareholders would receive 64.9% of the pro forma equity at close.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cc4c5616-f329-4f09-9bd0-37775c116016",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.65,
        "x": 0.05,
        "y": 0.16
      },
      "kind": "list",
      "text": "TIMELINE\n- Xos and NextGen expect to enter into a business combination agreement in February 2021.\n- Transaction is anticipated to close in the 1st half of 2021.\n- Post-closing company will be a Delaware corporation and retain the Xos name.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e0d78002-4691-42fe-834a-7dfa1349db9b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.25,
        "x": 0.05,
        "y": 0.08
      },
      "kind": "title",
      "text": "Transaction Overview",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4b0d0fdc-b02c-4e59-bee7-9d3b4e32db3d",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "List presentation",
      "slug": "list-presentation",
      "agent": null,
      "layer": "slide",
      "matchId": "c0ad4086-e45f-4011-972c-fede949e345d",
      "evidence": "The slide presents information in a list format with bullet points, which is a clear instantiation of a list presentation.",
      "confidence": 0.8
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 9,
      "from": 5,
      "beatId": "2fc338dd-f0c6-4ddb-8aa6-d58980383d3f",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Market Size",
      "beatSlug": "sequoia-pitch-market-size",
      "evidence": "Slides 5-9 discuss the market opportunity and growth potential for Xos.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}