Attached files
| file | filename |
|---|---|
| 8-K - 8-K - Priority Technology Holdings, Inc. | s104370_8k.htm |
Exhibit 99.1
M I Acquisitions, Inc.
BALANCE SHEET
Assets
| September 19, 2016 | Pro
Forma Adjustments | Pro
Forma Totals | ||||||||||
| (unaudited) | (unaudited) | |||||||||||
| Current asset: cash and cash equivalents | $ | 525,051 | $ | — | $ | 525,051 | ||||||
| Cash and cash equivalents held in trust | 51,500,000 | 3,194,127 | 54,694,127 | |||||||||
| Total Assets | $ | 52,025,051 | $ | 3,194,127 | $ | 55,219,178 | ||||||
| Liabilities and Stockholders' Equity | ||||||||||||
| Current Liabilities: | ||||||||||||
| Accounts payable and accrued expenses | $ | 59,291 | $ | — | $ | 59,291 | ||||||
| Accrued offering costs payable | 61,998 | — | 61,998 | |||||||||
| Advances from related party | 971 | — | 971 | |||||||||
| Note payable | 55,000 | — | 55,000 | |||||||||
| Total Current Liabilities | 177,260 | — | 177,260 | |||||||||
| Deferred underwriting fee payable | 1,000,000 | — | 1,000,000 | |||||||||
| Total Liabilities | 1,177,260 | — | 1,177,260 | |||||||||
| Commitments | ||||||||||||
| Common stock, subject to possible conversion: 4,451,241 and 4,761,350 shares, actual and adjusted ( at conversion value) | 45,847,785 | 3,194,127 | 49,041,912 | |||||||||
| Stockholders' Equity: | ||||||||||||
| Preferred stock, $0.001 par value; 1,000,000 authorized none issued and outstanding | — | — | — | |||||||||
| Common stock, $0.001 par value; 30,000,000 shares authorized; 2,388,759 shares issued and outstanding and 2,407,366 as adjusted (excluding 4,451,241 and 4,761,350 shares, actual and adjusted shares subject to possible conversion) (1) | 2,389 | 19 | 2,408 | |||||||||
| Additional paid in capital | 5,074,398 | (19 | ) | 5,074,379 | ||||||||
| Accumulated deficit | (76,781 | ) | — | (76,781 | ) | |||||||
| Total Stockholders' Equity | 5,000,006 | — | 5,000,006 | |||||||||
| Total Liabilities and Stockholders' Equity | $ | 52,025,051 | $ | 3,194,127 | $ | 55,219,178 | ||||||
| (1) | This number includes an aggregate of up to 109,972 shares of common stock that are subject to forfeiture if the over-allotment option is not exercised by the underwriters. |