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  "documentTitle": "Quality Gold | SPAC Presentation Deck | 33 slides",
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      "text": "Note: Statements above assume no purchase price adjustments. (1) Assumed net debt at closing includes -$16M of cash and -$136M of debt... (2) Tastemaker sponsor ownership excludes 30% deferral... (3) A controlling interest... (4) Illustrative percentage...",
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      "text": "Compelling Valuation: Enterprise value of $989M, a 12.1x multiple of FY2022 Adj. EBITDA, at the transaction date; Implied market capitalization of ~$869M, with assumed net debt of ~$120M estimated at closing",
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      "text": "Quality Gold & Tastemaker: Quality Gold is a leading global logistics company for the U.S. jewelry industry; Tastemaker Acquisition Corp. (NASDAQ: TMKR) is a special purpose acquisition company with ~$279M cash-in-trust",
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      "text": "Strong Fundamentals: Revenue momentum: $534M FY2022, a 42% and 29% 3-year and 5-year CAGR, respectively; Outpacing Adj. EBITDA growth: $82M FY2022, a 55% and 99% 3-year and 5-year CAGR, respectively",
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      "text": "Significant Commitment: Michael and Jason Langhammer to own ~94% of the post-close company, and 11.7M deferred shares vesting equally at $13/15/17 stock price thresholds; Tastemaker sponsor and public investors to own ~6% of the combined company",
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      "text": "Flexibility & Use of Proceeds: Balance sheet flexibility with 1.5x or less net leverage estimated at closing based on FY2022 Adj. EBITDA; Cash from Tastemaker's cash-in-trust for general corporate purposes and potentially for acquisitions",
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      "text": "TRANSACTION SUMMARY",
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