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  "documentTitle": "Lanvin | SPAC Presentation Deck | 58 slides",
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  "authorName": "Lanvin Group",
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  "presentationDate": "2022-03-01 00:00:00",
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  "notes": "The slide highlights a tontine-style incentive structure for SPAC shareholders.",
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      "text": "Illustrative Cost Basis to Non-Redeeming PCAC Shareholders",
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      "text": "Non-redeeming PCAC SPAC public shareholders to receive a pro-rata portion of a 3.6 million bonus pool of shares at closing. As redemptions increase, cost basis to non-redeeming PCAC public shareholders decreases, creating a tontine-style incentive structure.",
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      "text": "Notes: (1) The bonus pool of 3.6 million shares are provided by PCAC's promoter shares and Fosun International Limited. (2) Implied TEV calculated by the shares outstanding, multiplied by illustrative cost basis, plus net debt.",
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