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  "documentTitle": "Arrival | SPAC Presentation Deck | 57 slides",
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  "authorName": "Arrival",
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  "presentationDate": "2021-11-01 00:00:00",
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  "notes": "Details the SPAC merger terms including enterprise value, ownership split, and funding sources.",
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      "text": "Transaction structure: On November 18th, 2020, Arrival, CIIG and other parties thereto entered into a business combination agreement; The transaction is expected to close in Q1 2021; It is anticipated that the post-closing company, Arrival Group, will be listed on Nasdaq",
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      "text": "Capital structure: The transaction will be funded by a combination of CIIG cash held in a trust account, Arrival Group ordinary shares and proceeds from CIIG PIPE; Transaction is expected to result in $660 million of total proceeds raised to fund growth",
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      "text": "Valuation: Transaction implies a fully diluted pro forma enterprise value of $5.39 billion, representing 0.4x based on 2024E revenue of $14.1 billion; Existing Arrival shareholders are expected to receive 88.1% of the pro forma equity",
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      "text": "Summary of Arrival and CIIG proposed business combination",
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