Exhibit 99.1
March 20, 2018 | Pro Forma Adjustments | As Adjusted | ||||||||||
ASSETS | (Unaudited) | (Unaudited) | ||||||||||
Cash | 1,278,124 | - | 1,278,124 | |||||||||
Prepaid expenses | 44,388 | - | 44,388 | |||||||||
Current assets | 1,322,512 | - | 1,322,512 | |||||||||
Cash held in Trust Account | 151,500,000 | 22,725,000 | 174,225,000 | |||||||||
Total assets | 152,822,512 | 22,725,000 | 175,547,512 | |||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||
Accounts payable | 119,576 | - | 119,576 | |||||||||
Related party advances | 69,540 | - | 69,540 | |||||||||
Notes payable | 250,000 | - | 250,000 | |||||||||
Total current liabilities | 439,116 | - | 439,116 | |||||||||
Sponsor loan payable | 1,500,000 | 225,000 | 1,725,000 | |||||||||
Deferred underwriting commissions | 6,000,000 | 1,350,000 | 7,350,000 | |||||||||
Total liabilities | 7,939,116 | 1,575,000 | 9,514,116 | |||||||||
Commitments and Contingencies: | ||||||||||||
Common stock subject to possible redemption (13,849,841 and 15,943,900 shares at $10.10 per share) | 139,883,395 | 21,150,000 | 161,033,395 | |||||||||
Stockholders’ Equity | ||||||||||||
Preferred stock, $0.0001 par value; 1,000,000 shares authorized, none issued or outstanding | ||||||||||||
Common stock, $0.0001 par value, 60,000,000 shares authorized, 5,462,659 and 5,593,600 shares issued and outstanding (excluding 13,849,841 and 15,943,900 shares subject to possible redemption) | 546 | 13 | 559 | |||||||||
Additional paid-in-capital | 5,055,728 | (13 | ) | 5,055,715 | ||||||||
Accumulated deficit | (56,273 | ) | - | (56,273 | ) | |||||||
Total stockholders’ equity | 5,000,001 | - | 5,000,001 | |||||||||
Total liabilities and stockholders’ equity | 152,822,512 | 22,725,000 | 175,547,512 |