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  "documentTitle": "Playboy | Mergers and Acquisitions Presentation Deck | 14 slides",
  "authorId": "playboy",
  "authorName": "PLBY Group",
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  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2021-06-01 00:00:00",
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  "pageNumber": 10,
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  "slideType": "executive_summary",
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  "density": "dense",
  "nDataPoints": 7,
  "notes": "The slide outlines the financial mechanics of the acquisition, detailing the cash/stock split and the resulting share dilution.",
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      "kind": "list",
      "text": "Purchase Price: Approximately $333 million\nConsideration: $238 million cash funded from existing cash on balance sheet and $95 million PLBY Group stock (2.2 million shares)\nTiming: Transaction expected to close in Q3 2021",
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      "text": "1) Final purchase price at closing will be 12x Adjusted EBITDA for the 12 months ended June 30, 2021 and will be paid in AUD. Current estimate assumes AUD:USD conversion rate of 0.76\n2) There are an additional 9.9 million shares of common stock reserved for future issuance pursuant to the Company's equity incentive plans",
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      "kind": "table",
      "text": "Shares Outstanding as of May 12, 2021: 33,808,956\nShares Issued on June 14, 2021 from Public Offering: 4,720,000\nEstimated Shares to Acquire Honey Birdette at Closing: 2,215,062\nEstimated Pro-Forma Outstanding at Closing: 40,744,018",
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      "kind": "title",
      "text": "Transaction Overview",
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      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Business Model",
      "beatSlug": "sequoia-pitch-business-model",
      "evidence": "The deck provides an overview of PLBY Group's high-growth, global, and DTC-focused business model",
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      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "52712c69-e8fc-4c60-9cfe-d8bfb1d54079",
      "evidence": "The deck implies that not acquiring Honey Birdette could limit PLBY Group's growth prospects",
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      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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