Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.2 - National Energy Services Reunited Corp. | s106387_ex99-2.htm |
| 8-K - 8-K - National Energy Services Reunited Corp. | s106387_8k.htm |
Exhibit 99.1
NATIONAL ENERGY SERVICES REUNITED CORP.
BALANCE SHEET
| Pro Forma | Pro Forma | |||||||||||
| May 17, 2017 | Adjustments | Totals | ||||||||||
| (unaudited) | (unaudited) | |||||||||||
| ASSETS | ||||||||||||
| Current assets: | ||||||||||||
| Cash | $ | 1,414,833 | $ | — | $ | 1,414,833 | ||||||
| Prepaid expenses | 194,800 | — | 194,800 | |||||||||
| Total Current Assets | 1,609,633 | — | 1,609,633 | |||||||||
| Cash held in Trust Account | 210,000,000 | 19,217,000 | 229,217,000 | |||||||||
| Total Assets | $ | 211,609,633 | $ | 19,217,000 | $ | 230,826,633 | ||||||
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||||||
| Current liabilities – accrued expenses | $ | 10,500 | $ | — | $ | 10,500 | ||||||
| Deferred underwriting fees | 9,697,500 | 1,056,935 | 10,754,435 | |||||||||
| Total Liabilities | 9,708,000 | 1,056,935 | 10,764,935 | |||||||||
| Commitments and Contingencies | ||||||||||||
| Ordinary shares subject to possible redemption, 15,000,000 and 16,921,700 shares at redemption value | 144,750,000 | 18,544,405 | 163,294,405 | |||||||||
| Shareholders' Equity: | ||||||||||||
| Preferred shares, no par value; unlimited authorized; none issued and outstanding | — | — | — | |||||||||
| Ordinary shares, no par value; unlimited authorized; 12,037,500 and 11,730,425 shares issued and outstanding (excluding 15,000,000 and 16,921,700 shares subject to possible redemption) | 57,157,607 | (384,340 | ) | 56,773,267 | ||||||||
| Accumulated deficit | (5,974 | ) | — | (5,974 | ) | |||||||
| Total Shareholders' Equity | 57,151,633 | (384,340 | ) | 56,767,293 | ||||||||
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ | 211,609,633 | $ | 19,217,000 | $ | 230,826,633 | ||||||