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  "documentTitle": "Lemonade | Mergers and Acquisitions Presentation Deck | 10 slides",
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  "authorName": "Lemonade",
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  "presentationDate": "2021-11-01 00:00:00",
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      "kind": "disclaimer",
      "text": "(1) Represents equity value less total Metromile cash balance of ~$291 million, including restricted cash and investments, as of June 30, 2021. (2) Subject only to customary closing conditions including applicable regulatory approvals and approval of Metromile shareholders.",
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      "text": "Lemonade + metromile",
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      "text": "Lemonade to acquire 100% of Metromile in an all-stock transaction. Metromile shareholders to receive Lemonade common shares at a ratio of 19:1, representing 6% premium to Metromile's 30-day VWAP. Deal reflects a fully diluted equity value of ~$500m and an enterprise value of just over $200m(1), which represents < 2x 2021 IFP. Expected to close in Q2 2022(2).",
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      "text": "Transaction Overview",
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