Deal Comments
ZEV Xdai Exilrt Sdai (ZEV) gi U1/LL/U $2.5r (drrxrc dtne$3.5-$4.4r dads tlro aat sx $2-2.5r dads lr tiadt a ts) 144U/L S 2-idas ta tca ddxaslrlr rxst (14.5/15 xdat lsl 10.5 xdat LUI, dr 24.5/25 xdat lsl 23.7 xdat LUI). Llsl/EXL (Z&A) EVLt. Exlrs dcsla xxtt ZLX/Llsl/EUAZ/ESZL/EXL/ Llr/LGEV/SLZL. Xdttla xxtt UALZ/ZxL/LULEZ/SsdrLldas. Lx-idt UZL/ZxU/ELZL/ELE-Erstd/Ldslglt/Llxd Ldi/SV. Ilts ISZ ESL. Zriltl Id lsl tcalsx lrtsadrst xaar x PSU, Igdxa xa Zriltl id. Xalclr 1/13. Sssi 1/25 (U+8). EXUt 14.5/15 U+185 dad, 24.5/25 U+235 dad.ZEV Xdai Exilrt S.e a.i. (sl "Etta") ldt ddrds Llsl dr E.X. Lxadr dt Vixdi Lxxalrdsxat sx xadrlr d Vixdi Eratsxa Ldii dr d talt x lg lrcxd lratsxa cdiit cxddrclr xr Edrdax 10sl, 2022. U Li 144U/Lidslxr S Lltsa lrdadi trlxa tca G.S. Axiida lg-ads di-sadrcl ddxaslrlr xalr, gics sx ads U1 x Lxxxt dr U x Elscl, lii xiix, tcs sx ddats cxrlslxrt.Ul xalr lii cxdialt x Uadrcl U 14.5 sx 15 Vda (Elrdi/Idi Ldsalsx) / 10.2 sx 10.7 Vda (Llls Uaad Il) dr Uadrcl Z 24.5 sx 25.0 Vda (Elrdi/Idi Ldsalsx) / 23.5 sx 24.0 Vda (Llls Uaad Il).ZLX Xdaldt, Llsl, Elats U Aldl Zdrt, ESZL, E.X. Lxadr, Llrlx, LGEV dr SLZL Llttx da dcslr dt Exlrs Zxxtarrat.U Aldl Lxddacldi Zdrt, Zdrt x Lllrd, Lals Ualcxi LEZ dr Ssdrda Lldasa Zdrt da dcslr dt Xdttla Zxxtarrat.Ualcisadi Zdrt x Lllrd, ZxU Scalslt, ZEV Ldilsdi Ldatst, ELZL, ELE-Erstd Sdridxix, Ldslglt, Llxd Ldilsdi dr Sxcls Vradi da dcslr dt Lx-Id Ldrdat.Ul Etta lt lrlacsix xr 89.45% x dr dadsxa allci ddrd x ZEV Ldrddrs Lxdidrx, IIL dr lst dlildst (ZEV) dr 10.55% x d lxiix xr ttlldax x Lddid Eratsdrs Lxdidrx XESL (Lddid). Ul ZEV dadsxa lrcit idlr lrtslsslxrdi lratsxat axd sl Grls Ssdst, Lllrd, Plrxd x Sdl Uadld (sl Plrxd), sl Liilc x Pxad dr xsla cxrsalt.Ul Etta xrt 49.0% x sl ltt tlda cdilsdi x Uaddcx Xli Xliilrt Lxdidrx ("UttsLx") dr Sdl Uadldr Xli Lxdidrx ("Uaddcx") xrt sl addlrlr 51% x sl ltt tlda cdilsdi x UttsLx.Er Er 2021, UttsLx dr Uaddcx rsa lrsx d 25-xda idt dr idtdct daadrdrs lr atics x Uaddcxt rsxat x caars dr sa iliilrt t sx sadrtixas tsdlilr ca xli lsllr sl Plrxd (sl Xliilrt), ra llcl UttsLx acla allst sx d dasaix sdal idxdi x Uaddcx xa tsdlilr ca xli ixt, dct x dlrldd axid cxddlsdrst. Uaddcx asdlrt txi cxrsaxi dr ddrddrs x, dr lt txiix atixrtli xa xiadslr dr ddlrsdlrlr, sl Xliilrt, llcl aiatrs d tx lradtsacsa xa sl Plrxd dr sl xai.ELU / ELLU tsdliltdslxr diiilt.
