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  "documentTitle": "Reservoir | SPAC Presentation Deck | 59 slides",
  "authorId": "reservoir",
  "authorName": "Reservoir",
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  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2021-04-01 00:00:00",
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  "notes": "Includes details on PIPE financing, pro forma equity, and enterprise value.",
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      "text": "1 Assumes no existing ROCC shareholders exercise redemption rights\n2 Adjusted to give pro forma effect for a $100M pipeline acquisition currently under exclusivity that is expected to contribute $5.7M of run-rate FY2022E Adjusted EBITDA. Reservoir and the counterparties to this acquisition have certain non-management overlapping shareholders and Board members who will financially benefit from the transaction\n3 See reconciliation on slide 56-57",
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      "text": "Reservoir Holdings, Inc. (\"Reservoir\") and ROTH CH Acquisition II Co. (\"ROCC\") executed a definitive merger agreement to enter a business combination (the \"Transaction\")\nTarget Transaction close by Q3 2021\nUpon the closing of the Transaction, Reservoir will be a publicly listed company on NASDAQ under the ticker Nasdaq: RSVR",
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      "text": "The Transaction contemplates a post-money equity value of approximately $740M; adjusted enterprise value of approximately $788M\nImplies 20.0x FY2022E Pro Forma Run-Rate Adj. EBITDA of $39.4M\nExisting Reservoir shareholders are rolling 100% of their equity as part of the Transaction\nReservoir shareholders are expected to receive approximately 60% of the combined company's pro forma equity upon the closing of the business combination\nIn connection with the Transaction, Reservoir has signed subscription agreements with institutional investors for a $150M common stock PIPE at $10.00 per share\nThe Transaction, together with the PIPE and $115M in cash from ROCC's trust, will result in approximately $246M of cash going to Reservoir's balance sheet, net of estimated expenses",
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      "text": "PROPOSED TRANSACTION SUMMARY",
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