Attached files
| file | filename |
|---|---|
| 8-K - 8-K - CM Seven Star Acquisition Corp | s108052_8k.htm |
Exhibit 99.1
CM SEVEN STAR ACQUISITION CORPORATION
PRO FORMA BALANCE SHEET
As of October 30, 2017
| As of | Pro Forma | Pro Forma | ||||||
| October 30, 2017 | Adjustments | Totals | ||||||
| Assets | (Unaudited) | (Unaudited) | ||||||
| Cash | $ | 929,244 | $ | - | $ | 929,244 | ||
| Unit Purchase Option subscription receivable | 100 | - | 100 | |||||
| Total Current Assets | 929,344 | - | 929,344 | |||||
| Cash held in Trust Account | 180,000,000 | 26,362,930 | 206,362,930 | |||||
| Total assets | $ | 180,929,344 | $ | 26,362,930 | $ | 207,292,184 | ||
| Liabilities and Shareholders’ Equity | ||||||||
| Offering cost payable | $ | 66,072 | $ | - | $ | 66,072 | ||
| Advance from Sponsor | 578,507 | - | 578,507 | |||||
| Total current liabilities | 644,579 | - | 644,579 | |||||
| Commitments | ||||||||
| Ordinary shares subject to possible redemption, 17,528,476 shares and 20,164,769 shares at redemption value | 175,284,760 | 26,362,930 | 201,647,690 | |||||
| Shareholders’ Equity: | ||||||||
| Preferred shares, $0.0001 par value; 2,000,000 shares authorized; no shares issued and outstanding | - | - | - | |||||
| Ordinary shares, $0.0001 par value; 200,000,000 shares authorized; 6,121,524 shares issued | ||||||||
| and outstanding, 6,158,323 shares as adjusted (excluding 17,528,476 shares, and 20,164,769 shares as adjusted, subject to possible redemption) | 612 | 4 | 616 | |||||
| Additional paid-in capital | 5,014,440 | (4) | 5,014,436 | |||||
| Accumulated deficit | (15,047) | - | (15,047) | |||||
| Total shareholders’ equity | 5,000,005 | - | 5,000,005 | |||||
| Total Liabilities and Shareholders’ Equity | $ | 180,929,344 | $ | 26,362,930 | $ | 207,292,274 | ||