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  "documentTitle": "WeWork | SPAC Presentation Deck | 50 slides",
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  "authorName": "WeWork",
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  "notes": "Includes valuation multiples for 2022E Revenue and 2023E Adj. EBITDA.",
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      "text": "Please refer to reconciliation for Adj. EBITDA on pg. 46 in the appendix. Source: Management Projections. 1. Reflects projected WeWork Total Funded Debt and Cash as of 6/30/2021. 2. Assumes no redemptions by BowX existing public shareholders. 3. Reflects projected WeWork Wholly-owned ParentCo Cash and JapanCo Cash as of 6/30/2021. Excludes projected restricted JapanCo Cash of $10mm.",
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      "text": "TEV / 2022E Revenue: 2.0x on $4.6bn revenue; TEV / 2023E Adj. EBITDA: 6.6x on $1.4bn Adj. EBITDA",
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