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  "documentTitle": "Forge | SPAC Presentation Deck | 64 slides",
  "authorId": "forge",
  "authorName": "Forge",
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  "presentationDate": "2021-09-01 00:00:00",
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      "text": "MOTV raised $414mm with one-third warrants. In addition, Motive provided a $140M Forward Purchase Agreement which will commit $50M and the balance of $90M will backstop redemptions\n$435mm of cash held on the pro-forma balance sheet (1)",
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      "text": "1) Available cash on closing to be at least an amount equal to $140M, plus the sum of any PIPE investment. This is supported by $50M, plus an up to $90M backstop, from Motive Capital Fund Sponsor FPA.\n2) Values shown at DeSPAC; excludes 13.8mm public warrants, 7.4mm private placement warrants, 1.7mm forward purchase warrants, and equity incentive pool shares.\n3) Excludes management cash incentive compensation.\n4) Cash consideration to Forge equity holders of $100mm subject to downward adjustment based on transaction proceeds. Exercise of vested options or warrants will be added to cash on balance sheet.\n5) Represents an estimate of transaction expenses. Actual amounts may vary and may include expenses unknown at this time.",
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      "text": "Sources\nSeller Rollover $1,400\nCash in Trust $414\nCash on Balance Sheet $63\nMotive Capital Funds Sponsor FPA $50\nPIPE Investment $69\nTotal Sources $1,995",
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      "text": "Uses (3)\nStock Consideration to Seller $1,400\nCash to Secondary Repurchase $100 (4)\nCash on Balance Sheet $63\nEstimated Transaction Expenses $60 (5)\nCash to Balance Sheet $373\nTotal Uses $1,995",
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      "text": "Equity Value $2,036\nLess: Cash on Balance Sheet (435)(1)\nEnterprise Valuation to Market $1,601\nx2022E revenue less transaction expenses of $151mm 10.6x\nx2023E revenue less transaction expenses of $187mm 8.6x",
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      "text": "Existing Forge Equity Rollover 68.8%\nMOTV Public Shareholders 20.3%\nMotive Capital Funds Sponsor 7.5%\nPIPE Investor Shares 3.4%\nTotal Shares(2) 100.0%",
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      "kind": "title",
      "text": "Transaction Summary",
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