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  "documentTitle": "Sonder | Results Presentation Deck | 14 slides",
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  "presentationDate": "2021-11-01 00:00:00",
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  "notes": "Includes detailed footnotes regarding transaction assumptions, PIPE investments, and cash balances.",
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      "text": "Illustrative Post-Transaction Ownership",
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      "text": "Note: Assumes a nominal share price of $10.00 per share. Pro Forma Ownership excludes impact of warrants and earnout to existing Sonder shareholders and assumes zero redemptions by Gores Metropoulos II public shareholders...",
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      "text": "Key Transaction Terms: Pro forma enterprise value of $1,925M (3.2x 2022E revenue); Pro forma net balance sheet cash includes proceeds from the March 2021 convertible note issuance; Original PIPE investment of $200M upsized with additional PIPE investment of $109M; Assumes the new Delayed Draw Notes (up to ~$220M) are undrawn at close; Existing Sonder shareholders will retain 69% ownership in the pro forma company; Both the SPAC and PIPE offering are 100% primary with all net proceeds (after transaction costs) going to the balance sheet",
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      "text": "Sources and Uses ($M): Sources: SPAC Cash in Trust $450, PIPE Investment $200, Additional PIPE $109, New Delayed Draw Notes $0, Seller Rollover Equity $1,902, Total $2,661; Uses: Net Cash to Balance Sheet $729, Transaction Costs $30, Seller Rollover Equity $1,902, Total $2,661",
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      "text": "Pro Forma Ownership: Existing Sonder Shareholders $1,902; SPAC Shareholders $450; PIPE Investors $322; SPAC Sponsor $100; Total Value $2,773",
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      "text": "Illustrative Pro Forma Valuation ($M, except per share values): Share Price at Merger $10.00; Total Shares Outstanding 277.3; Equity Value $2,773; (-) PF Net Balance Sheet Cash ($848); Enterprise Value $1,925; 2022E GAAP Revenue $610; Implied Multiple 3.2x",
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