The accident airplane was part of an exhibition event, the goal of which was for two pilots to fly two similarly equipped airplanes in a vertical dive, after which they would simultaneously bail out and transfer to the other airplane. The pilot of one airplane was able to successfully transfer to the other airplane and land without incident, however, the other pilot could not enter the second airplane because it entered an inverted spin shortly after egress. The pilot reported that he believed the airplane entered a spin due to the ballast that was added to offset the weight of the safety pilot. He added that the airplane was outfitted with a parachute system that was designed to trigger at an altitude of 1,000 ft, and deployed while the airplane was inverted, which resulted in it only being partially deployed when the airplane impacted the ground and was substantially damaged.