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  "documentTitle": "NioCorp | SPAC Presentation Deck | 46 slides",
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  "authorName": "NioCorp",
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  "presentationDate": "2022-09-01 00:00:00",
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      "text": "Post-Close Pro Forma Ownership\nSPAC Public Equity Holders 50%\nExisting Shareholders 43%\nSponsor 7%",
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      "text": "NioCorp\nCritical Mineral Security",
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      "text": "NioCorp to acquire GXII and expects to become listed on Nasdaq in addition to its current TSX listing.\nPro-Forma Enterprise Value of $313.5 million with a market cap of $598.5 million assuming no redemptions and a $10.00 share price.\nAssuming no redemptions, NioCorp would receive $285 million from cash in GXII's trust after estimated cash deal expenses. This does not include any potential proceeds or expenses related to the contemplated financing associated with the Yorkville letters of intent.\nNioCorp can move the Elk Creek project significantly forward towards operation, with various levels of funding.\nAlignment of incentives with GXII, as shares to be received in the transaction with respect to 3.15 million founder shares are subject to vesting requirements at higher share prices.\nAt closing, GXII shareholders will, or will have the right to, receive shares in NioCorp based on a conversion ratio determined by the transaction value. NioCorp is expected to execute a reverse stock split.",
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      "text": "NOTES: The amounts from sources and uses may change based on the amount of public stockholder redemptions. Pro-forma ownership assumes the impact of all options and other dilutive securities on a fully diluted and net-share settled basis calculated according to the treasury stock method at an illustrative $10.00 share price. Pro-forma ownership does not include (i) 1,575,000 founder shares subject to vesting at $13.42 per share (based on GXII pre-transaction shares, prior to exchange and adjustment in connection with the business combination) and 1,575,000 founder shares subject to vesting at $16.77 per share (based on GXII pre-transaction shares, prior to exchange and adjustment in connection with the business combination), (ii) any NioCorp options or warrants that are out-of-the money, (iii) any dilutive impact from the outstanding NioCorp convertible note and (iv) 15.667 million GXII public/private warrants with a pre-exchange exercise price of $11.50 / share. Transaction expenses are estimated and may change and certain service providers may receive additional compensation in shares of stock which are not included. The share prices and number of shares assume a transaction structure based on the GXII capital structure and shall be equitably adjusted to reflect the exchange of GX securities to NioCorp securities.",
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      "text": "Illustrative Sources and Uses\nSources $ million %\nExisting Shareholders $255.0 45.9%\nSPAC Cash in Trust $300.0 54.1%\nTotal $555.0 100.0%\nUses $ million %\nExisting Shareholders $255.0 45.9%\nCash to Balance Sheet $285.0 51.4%\nEstimated Fees and Expenses $15.0 2.7%\nTotal $555.0 100.0%",
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      "text": "Pro-forma Capitalization ($ in millions, except share price)\nShare Price $10.00\nShares Outstanding (million) 59.9\nPro-forma Equity Value $598.5\nGXII Cash to Newco Balance Sheet $285.0\nNet Cash as of June 30, 2022 $2.54\nPro-forma Enterprise Value $313.5",
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      "kind": "title",
      "text": "Transaction Structure",
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