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  "documentTitle": "Houlihan Lokey | Investment Banking Pitch Book | 25 slides",
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  "authorName": "Houlihan Lokey",
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  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2024-03-01 00:00:00",
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  "pageNumber": 5,
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  "nDataPoints": 36,
  "notes": "Includes two tables: a primary sources and uses table and a breakdown of bridge commitments by investor.",
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      "kind": "callout",
      "text": "The Founders have identified an additional $2.5 million of pre-closing funding from parties that are not expected to have signed commitment letters at Transaction signing.",
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      "text": "Note: Signing date illustratively assumed to be on or around 3/4/2024. With your approval we have assumed Parent will secure funding sufficient for the operation of the Company during the period from signing through closing. We express no view or opinion regarding the likelihood or terms of such funding. Note: Escrow at signing subject to final confirmation. 1. Per Company management and Riveron. Includes $300 thousand receipt from Customer P. 2. Represents receipt of $2.5 million from Customer A related to a licensing arrangement and new orders that will be executed in conjunction with and conditioned on signing of the Transaction. 3. In addition to the $2.5 million receipt from Customer A concurrent with signing, total customer collections between signing and closing of $4.0 million based on estimates from Company management and Riveron. 4. For 11 weeks and 12 weeks after signing, operating cash outflows and professional fees illustratively assume (i) personnel payments of ~$1.3 million in week 11 after signing, (ii) ~$0.8 million of AP payments in each week and (iii) ~$0.1 million of professional fees in each week. Sources: Company management, Riveron. Operating forecasts developed by Company management and Riveron.",
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      "kind": "paragraph",
      "text": "Based on (i) identified sources of financing expected to sign commitment letters concurrently with execution of definitive documents related to a Transaction, (ii) operating forecasts developed by Company management and Riveron and (iii) other assumptions shown below, the Company may require incremental funds of $5.5mm to $8.5mm prior to Transaction closing.",
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      "text": "Bridge Commitments from Investors (Funded Pre-Closing) table.",
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      "text": "Illustrative Interim Financing Sources and Uses From Signing to Closing",
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