Exhibit 99.1
OSPREY ENERGY ACQUISITION CORP.
BALANCE SHEET
| Pro Forma | ||||||||||||
| July 26, 2017 | Adjustments | As Adjusted | ||||||||||
| (unaudited) | (unaudited) | |||||||||||
| ASSETS | ||||||||||||
| Current assets | ||||||||||||
| Cash | $ | 1,495,505 | $ | - | $ | 1,495,505 | ||||||
| Prepaid expenses | 22,000 | - | 22,000 | |||||||||
| Total Current Assets | 1,517,505 | - | 1,517,505 | |||||||||
| Cash held in Trust Account | 250,000,000 | 25,000,000 | 275,000,000 | |||||||||
| Total Assets | $ | 251,517,505 | $ | 25,000,000 | $ | 276,517,505 | ||||||
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||||||
| Current liabilities – accrued offering costs | $ | 18,395 | $ | - | $ | 18,395 | ||||||
| Deferred underwriting fees | 8,750,000 | 875,000 | 9,625,000 | |||||||||
| Total Liabilities | 8,768,395 | 875,000 | 9,643,395 | |||||||||
| Commitments | ||||||||||||
| Common stock subject to possible redemption, 23,774,910 and 26,187,410 shares at redemption value | 237,749,100 | 24,125,000 | 261,874,100 | |||||||||
| Stockholders' Equity: | ||||||||||||
| Preferred stock, $0.0001 par value; 1,000,000 authorized; none issued and outstanding | - | - | - | |||||||||
| Class A Common stock, $0.0001 par value; 125,000,000 shares authorized; 1,225,090 and 1,312,590 shares issued and outstanding (excluding 23,774,910 and 26,187,410 shares subject to possible redemption) | 123 | 8 | 131 | |||||||||
| Class B Common stock, $0.0001 par value; 20,000,000 shares authorized; 7,187,500 and 6,875,000 shares issued and outstanding | 719 | (31 | ) | 688 | ||||||||
| Additional paid-in capital | 5,002,839 | 23 | 5,002,862 | |||||||||
| Accumulated deficit | (3,671 | ) | - | (3,671 | ) | |||||||
| Total Stockholders' Equity | 5,000,010 | - | 5,000,010 | |||||||||
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 251,517,505 | $ | 25,000,000 | $ | 276,517,505 | ||||||
