Exhibit 99.1
MTECH ACQUISITION CORP.
BALANCE SHEET
| February 1, | Pro Forma | |||||||||||
| 2017 | Adjustments | As Adjusted | ||||||||||
| (unaudited) | (unaudited) | |||||||||||
| ASSETS | ||||||||||||
| Current assets | ||||||||||||
| Cash | $ | 709,508 | $ | — | $ | 709,508 | ||||||
| Prepaid expenses | 91,300 | — | 91,300 | |||||||||
| Total Current Assets | 800,808 | — | 800,808 | |||||||||
| Cash held in Trust Account | 50,000,076 | 7,500,000 | 57,500,076 | |||||||||
| Total Assets | $ | 50,800,884 | $ | 7,500,000 | $ | 58,300,884 | ||||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||
| Current liabilities | ||||||||||||
| Accounts payable and accrued expenses | $ | 13,139 | $ | — | $ | 13,139 | ||||||
| Advances from related party | 175,000 | — | 175,000 | |||||||||
| Total Current Liabilities | 188,139 | — | 188,139 | |||||||||
| Commitments | ||||||||||||
| Common stock subject to possible redemption, 4,561,267 and 5,311,267 shares at redemption value | 45,612,740 | 7,500,000 | 53,112,740 | |||||||||
| Stockholders’ Equity | ||||||||||||
| Preferred stock, $0.0001 par value; 1,000,000 authorized; none issued and outstanding | — | — | — | |||||||||
| Class A Common stock, $0.0001 par value; 15,000,000 shares authorized; 663,733 and 682,483 shares issued and outstanding (excluding 4,561,267 and 5,311,267 shares subject to possible redemption) | 66 | 2 | 68 | |||||||||
| Class B Common stock, $0.0001 par value; 3,000,000 shares authorized; 1,437,500 shares issued and outstanding | 144 | 144 | ||||||||||
| Additional paid-in capital | 5,001,372 | (2 | ) | 5,001,370 | ||||||||
| Accumulated deficit | (1,577 | ) | — | (1,577 | ) | |||||||
| Total Stockholders’ Equity | 5,000,005 | — | 5,000,005 | |||||||||
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 50,800,884 | $ | 7,500,000 | $ | 58,300,884 | ||||||
