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8-K - CURRENT REPORT - Goldenbridge Acquisition Ltdea137622-8k_goldenbridge.htm

 Exhibit 99.1

 

GOLDENBRIDGE ACQUISITION LIMITED

PRO FORMA BALANCE SHEET

(Currency expressed in United States Dollars (“US$”), except for number of shares)

 

   March 4, 2021   Pro Forma
Adjustments
   As adjusted 
       (unaudited)   (unaudited) 
ASSETS               
Current asset - cash  $1,943,538   $-     $1,943,538 
Cash held in Trust Account   50,000,000    7,500,000    57,500,000 
                
TOTAL ASSETS  $51,943,538   $7,500,000   $59,443,538 
                
LIABILITIES AND SHAREHOLDERS’ EQUITY               
Current liabilities:               
Accrued liabilities  $7,500   $-     $7,500 
Amounts due to related parties   379,154    -      379,154 
                
Total current liabilities   386,654    -      386,654 
Deferred underwriting compensation   1,750,000    262,500    2,012,500 
                
TOTAL LIABILITIES   2,136,654    262,500    2,399,154 
                
Commitments and contingencies               
Ordinary shares subject to possible redemption, 4,480,688 and 5,204,438 shares at redemption price   44,806,880    7,237,500    52,044,380 
                
Shareholders’ equity:               
Ordinary shares, no par value; unlimited shares authorized; 2,331,812 and 2,358,062 shares issued and outstanding (excluding 4,480,688 and 5,204,438 subject to possible redemption)   5,318,526    -      5,318,526 
Accumulated deficit   (318,522)   -      (318,522)
                
Total Shareholders’ equity   5,000,004    -      5,000,004 
                
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  $51,943,538   $7,500,000   $59,443,538