APEX-Agents · Investment Banking
World221_oa_5
APEX-Agents task World221_oa_5 in AI Agents for M&A Legal Due Diligence. Compare dual-harness agent runs across models — rubric criteria, scores, and public traces.
Task prompt
What the agent was asked to do
Assume that TVPG raised additional $70 million mezzanine capital ($30 million - equity capital raise from it's current shareholders at a discounted issue price of $6.0 per share and $40 million - debt capital raise at 6% interest rate), and the merger uses 50% cash consideration financed with 80% of cash on balance sheet - Using the 9M TTM 2025 account, recalculate the "Exchange Ratio for TVPG Shareholders", "% Value Accretion/(Dilution) to BBDC shareholders", and "% Value Accretion/(Dilution) to TPVG shareholders" in the merger model and return results. Assume the end of financial year is December 31st, debt issued date was the first day of the calendar year and zero fees associated with the issues. Round all percentage calculations to the nearest 2 decimal places, and round ratio to the nearest 3 decimal places. Respond with the information in a message.
Published trajectories
Agent runs on this task
Curated dual-harness runs (parsed + original sandbox). Best scored run per model.
| Model | Harness | Score | Result | Links |
|---|---|---|---|---|
| GPT-5.5showcase | dual | 1/3 | Fail | Share pagePublic trace |
| Gemini 3.1 Pro | dual | 1/3 | Fail | Share pagePublic trace |
| GPT-5.4 mini | dual | 1/3 | Fail | Share pagePublic trace |
| GPT-5.4 nano | dual | 1/3 | Fail | Share pagePublic trace |
Grading rubric
Criteria and grader verdict (showcase run)
States the "Exchange Ratio for TVPG Shareholders" is 0.438x
PassEvidence: TEXT_RESPONSE states “Interpreting `TVPG` as `TPVG`” and table row “Exchange Ratio for TPVG Shareholders | 0.438”. Assessment: Criterion requires stating the exchange ratio is 0.438x; the response gives 0.438 for the same shareholder group (with typo clarification), so pass.
States the % Value Accretion/(Dilution) to BBDC shareholders is 16.48%
FailEvidence: TEXT_RESPONSE table states “% Value Accretion/(Dilution) to BBDC shareholders | 16.11%”. Assessment: Criterion requires 16.48%; the stated value is different, so fail.
States the % Value Accretion/(Dilution) to TPVG shareholders is 35.30%
FailEvidence: TEXT_RESPONSE table states “% Value Accretion/(Dilution) to TPVG shareholders | 35.07%”. Assessment: Criterion requires 35.30%; the stated value is different, so fail.