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  "documentTitle": "Nuvve | SPAC Presentation Deck | 33 slides",
  "authorId": "nuvve",
  "authorName": "Nuvve",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2020-11-01 00:00:00",
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  "pageNumber": 24,
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  "notes": "Combines narrative bullets, three financial tables, a pie chart, and footnotes detailing the SPAC merger structure.",
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      "kind": "chart",
      "text": "Pro forma ownership: Newborn Sponsor 8.6%, SPAC IPO Investors 31.3%, PIPE Investors 7.1%, Nuvve 53.0%",
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      "kind": "list",
      "text": "Nuvve is being acquired by Newborn, a publicly listed SPAC with $57.5M cash in trust; pre-money equity ~$102M; consideration ~10.2M shares; ~$14M common stock + warrant PIPE at $10.00/share; pro forma market cap ~$202M; pro forma EV ~$132M; Nuvve owns ~53% (~61% with earnout); ~$66M cash to balance sheet; ~$70M post-transaction including $4M bridge; 4M-share earnout if CY2021 revenue exceeds $30M",
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      "kind": "source-note",
      "text": "(1) Assumes zero redemptions from SPAC; (2) Excludes ~3M common shares from IPO warrants and 1.3M from PIPE warrants at $11.50/share; (3) Excludes 0.3M unit purchase options to NBAC IPO underwriter; (4) Nuvve also receives $4M bridge convertible debenture",
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      "kind": "table",
      "text": "POST TRANSACTION VALUATION ($MM) — Newborn Sponsor 1.7 / 8.6% / $0.0; SPAC IPO Investors 6.3 / 31.3% / $0.0; PIPE Investors 1.4 / 7.1% / $0.0; Nuvve 10.7 / 53.0% / $0.0; Total 20.2 / 100.0% / $0.0; Nuvve w/ Earnout 14.7 / 60.8%",
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      "text": "SOURCES & USES ($MM) — Sources: Cash Remaining in Trust $57.5; Nuvve Equity Roll $101.7; PIPE - Common $14.3; Total $173.4. Uses: Nuvve Equity Roll $101.7; Fees & Expenses (Estimated) $5.5; Cash to Balance Sheet $66.3; Total $173.4",
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      "kind": "table",
      "text": "POST TRANSACTION VALUATION ($MM): Shares Outstanding 20.2; Price Per Share $10.00; Market Capitalization $201.9; Plus: Debt $0.0; Less: Cash $70.3; Enterprise Value $131.6",
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      "kind": "title",
      "text": "Transaction Summary",
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      "evidence": "table/data: SOURCES & USES ($MM) — Sources: Cash Remaining in Trust $57.5; Nuvve Equity Roll $101.7; PIPE - Common $14.3; Total $173.4. Uses: Nuvve Equity Roll $101.7; Fees & Expenses (Estimated) $5.5; Cash to Balance Sh",
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