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  "documentTitle": "Ginkgo | Mergers and Acquisitions Presentation Deck | 16 slides",
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      "text": "Zymergen’s existing plan to narrow product portfolio is consistent with our strategy. These actions, along with additional synergies between the companies, result in manageable incremental recurring OpEx",
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      "text": "Expected to close by Q1 2023. Subject to Zymergen shareholder approval (note: voting agreements in place by shareholders representing approx. 40% of outstanding common stock), regulatory approvals, and other customer closing conditions",
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      "text": "All stock transaction, exchange ratio fixed at signing. Exchange ratio of 0.9179 implies 5.25% pro forma ownership by Zymergen shareholders post-transaction. Implied Zymergen market cap: $300M. Implied Zymergen share price: $2.68",
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      "text": "Very strong automation and software team and robust technology stack supports platform scaling efforts. Operational scaling and efficiency gains should lower program costs for customers across all verticals. Rich database, experience, and ability to take more “shots on goal” may contribute to improving probability of success for customers",
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      "text": "(1) Based on Ginkgo’s closing price on Friday, July 22, 2022",
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