The Opportunity

1) SnowPlus has invited VERSO Capital to join their new convertible note. Our Board Advisor, Andrew Stewart is an existing investor and a close advisor to the
company.

2) SnowPlus is raising a convertible note at a $2bn cap or 20% discount to the next equity round

3) The note is currently 2-3x oversubscribed and the original $60m target raise will most likely be increased in early March 2021

4) The pre-IPO round will occur in 3Q21 or 4Q21 at a minimum of $6bn valuation.

5) We have already began conversations with will-be lead investors for the pre-IPO round

6) IPO target is 2H 22’, valuation is currently targeting $15bn+ (public comp RLX, using their 30x fwd p/s). Already speaking to two potential lead underwriters.

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URL: https://www.snowplustech.com/

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