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  "documentTitle": "Marti | Investor Presentation Deck | 60 slides",
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  "authorName": "Marti",
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  "presentationDate": "2023-01-01 00:00:00",
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      "text": "Pro-Forma Diluted Ownership Breakdown³\nTarget 59.2%\nConvt4 17.2%\nSPAC Public 18.9%\nSponsor 4.7%",
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      "text": "Key Metrics\nExpected pro forma enterprise value of ~$549.3 million at closing\nImplied pro forma enterprise value of 4.0x FD1 net revenue of $138 million and 9.3x FD1 EBITDA of $59 million\nMarti pre-deal equity holders will initially receive 45 million shares (implying 71% of PF non-diluted shares outstanding), and will be issued 9 million shares at a $20.00 post-close share price\nUnder the MIP, Marti management will receive incremental shares of 10% of total shares outstanding on a four year vesting schedule\nUnder the LTIP, Marti management will receive incremental shares of 2-12% of total shares outstanding triggered by share price milestones between $12.50 - $25.00 per share",
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      "text": "Source: Marti projected financials. Note: Assumes no redemptions from trust account. 1. FD refers to Fully Deployed figures for the 12 months immediately following the consummation of the Business Combination that Marti would be expected to achieve if only the proceeds from the approximately $62.0 million in convertible note PIPE commitments plus assumed additional financing, including incremental PIPE commitments of up to approximately $88.0 million to be raised post-announcement were to be deployed towards purchasing e-scooters, e-mopeds and e-bikes immediately upon receipt. There is no guarantee that incremental convertible note PIPE commitments will be raised post-announcement. PIPE commitments are subject to a $150 million minimum cash condition. 2. As of September 2023 (estimated closing). Cash also includes De-SPAC proceeds and Marti's cash and cash equivalents. 3. Pro-Forma Diluted Ownership Breakdown includes warrants. 4. Convertible note ownership breakdown assumes a full $150 million PIPE raise.",
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      "text": "Pro-Forma Capitalization ($, million)\nEquity Value 629.7\n(+) debt² 161.4\n(-) cash² (241.8)\nEnterprise Value 549.3",
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      "text": "Sources ($, million)\nCash Held in Trust 147.2\nIssuance of Shares 450.0\nConvertible Note Proceeds (committed) 62.0\nAdditional Financing (including incremental Convertible Note Proceeds) 88.0\nTotal Sources 747.2",
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      "text": "Uses ($, million)\nCash to Balance Sheet 287.2\nExisting Marti Shareholders 450.0\nFees and Expenses 10.0\nTotal Uses 747.2",
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      "kind": "title",
      "text": "Detailed transaction overview",
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