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  "documentTitle": "WeWork | Investor Day Presentation Deck | 47 slides",
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  "authorName": "WeWork",
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  "presentationDate": "2021-10-01 00:00:00",
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      "text": "Existing WeWork Rollover Equity 80.8%\nBowX Public Shares 6.7%\nBowX Sponsor Shares 1.3%\nPIPE Shares 11.2%",
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      "text": "1. Reflects WeWork Total Funded Debt and Cash as of 06/30/21. Refer to the debt structure overview in the appendix for pro-forma debt and cash calculations\n2. Ownership excludes the impact of outstanding stock options, restricted stock units and common stock warrants. Assumes no public stockholders of BowX exercise redemption rights.\n3. Assumes no redemptions by BowX existing public shareholders.\n4. Reflects WeWork wholly-owned ParentCo Cash and JapanCo Cash as of 6/30/2021. Inclusive of $102.6m of VIE cash. Excludes JapanCo restricted cash of $10m and $2m of wholly owned-restricted cash.",
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      "text": "$1,283m total gross cash proceeds(3)\n$800m PIPE raised at $10.00 per share\n100% primary use of proceeds",
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      "text": "Sources: Existing BowX Cash in Trust $483, Expected PIPE Proceeds 800, WeWork Rollover Equity 6,553, Existing WeWork Cash 844, Total Sources $8,680. Uses: Cash to Pro Forma 6/30/2021 Balance Sheet $1,679, Equity Consideration to WeWork Shareholders 6,553, Repayment of $350m Secured CP Facility 350, Transaction Fees & Related Employee Payments 98, Total Uses $8,680",
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      "text": "Illustrative WeWork Share Price $10.00\nPro Forma Shares Outstanding 792.7\nPro Forma Equity Value $7,927\n(+) Pro Forma Debt(1) 2,907\n(-) Pro Forma Cash(1) (1,679)\nWeWork Enterprise Value $9,155",
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