A SPAC I Acquisition (ASCAW) 8-K Index to Unaudited Pro Forma Financial Statement

Exhibit 99.1

INDEX TO UNAUDITED PRO FORMA FINANCIAL STATEMENT

Unaudited Pro Forma Balance Sheet as of February 17, 2022 F-2

F-1

A SPAC I ACQUISITION CORP.

PRO FORMA BALANCE SHEET

	February17,			Pro Forma Adjustments			As Adjusted
	2022			(Unaudited)			(Unaudited)
Assets
Cash	$	1,025,000		$	—		$	1,025,000
Prepaid expense		281,405			—			281,405
Total current assets		1,306,405			—			1,306,405
Cash held in trust account		60,600,000			—			60,600,000
Total Assets	$	61,906,405		$	—		$	61,906,405
Liabilities, Shares Subject to Redemption and Shareholders’ Deficit
Accrued offering costs and expenses	$	278,113		$	—		$	278,113
Due to related party		95,774			—			95,774
Over-allotment option liability		62,985						62,985
Promissory note - related party		400,000			—			400,000
Total current liabilities		836,872			—			836,872
Deferred underwriting fee payable		2,100,000			—			2,100,000
Total Liabilities		2,936,872			—			2,936,872
Commitments and Contingencies
Class A ordinary shares subject to possible redemption, 6,000,000 shares at accretion carrying value with redemption value of $10.10 per share		60,600,000			(11,235,653	)		49,364,347
Shareholders’ (Deficit) Equity
Preference shares, no par value; 1,000,000 shares authorized; none issued and outstanding		—			—			—
Class A ordinary shares, no par value; 100,000,000 shares authorized; 1,794,000 issued and outstanding (excluding 6,900,000 subject to possible redemption) (1)		—			—			—
Class B ordinary shares, no par value; 100 shares authorized; one share issued and outstanding		—			—			—
Additional paid-in capital		—			9,620,701			9,620,701
Accumulated deficit		(1,630,467	)		1,614,952			(15,515	)
Total Shareholders' (Deficit) Equity		(1,630,467	)		—			9,605,186
Total Liabilities, Shares Subject to Redemption, and Shareholders’ (Deficit) Equity	$	61,906,405		$	—		$	61,906,405

(1) Includes an aggregate of up to 225,000 Class A ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriter.

(2) Shares have been retroactively restated to reflect a share repurchase and subscription. On June 7, 2021, we issued 2,875,000 Class B ordinary shares to our sponsor for an aggregate purchase price of $25,000 or approximately $0.01 per share. On July 19, 2021, 2,874,999 Class B ordinary shares were repurchased and cancelled at an aggregate repurchase price of $25,000 or approximately $0.01 per share, resulting in one Class B ordinary share in issue after the repurchase. On the same day, we issued 2,300,000 Class A ordinary shares to our sponsor for an aggregate purchase price of $25,000, or approximately $0.01 per share.  Subsequently, on January 14, 2022, our sponsor surrendered for no consideration and we canceled 575,000 of such Class A ordinary shares, resulting in 1,725,000 Class A ordinary shares remaining outstanding.

F-2