Allwyn Investor Presentation Deck
Bonus pool structure
Non-redeeming SPAC public shareholders to receive a pro-rata portion of a 6.6mm bonus pool of shares at the closing
As redemptions increase, cost basis to SPAC public shareholders decreases, creating a tontine-style incentive structure
Bonus shares to be received by each non-redeeming shareholder capped at 80% redemptions
ā
Mm except per-share amounts
Illustrative Redemptions
SPAC Non-Redeeming Shares
(+) Bonus Shares
Total Shares Issued to SPAC S/H
SPAC Non-Redeeming Shares
(x) Illustrative $10.00 Purchase Price
Cost of SPAC Non-Redeeming Shares
(/) Total Shares to SPAC S/H
Illustrative Cost Basis to SPAC S/H
Illustrative Implied EV / 2023E EBITDA for SPAC S/H
Illustrative Value to Non-Redeeming S/H at $10.00 at Close
Illustrative Cost Basis
to SPAC S/H
$9.50
$9.25
$9.00
$8.75
0%
5%
10%
38 1) Redemption level at which the minimum cash condition is expected to be met (40.02%).
82.8
6.6
89.4
82.8
$10.00
15%
$828
89.4
$9.26
10.3x
$10.80
20%
10%
74.5
6.6
81.1
74.5
$10.00
$745
81.1
$9.18
10.2x
$10.89
Illustrative Redemptions
25%
20%
66.2
6.6
72.9
66.2
$10.00
$662
72.9
$9.09
10.1x
$11.00
30%
35%
30%
58.0
6.6
64.6
58.0
$10.00
$580
64.6
$8.97
10.0x
$11.14
40%
40%
49.7
6.6
56.3
49.7
$10.00
$497
56.3
$8.82
9.9x
$11.33
allwynView entire presentation