Exhibit 99.1
DD3 ACQUISITION CORP.
BALANCE SHEET
October 16, | Pro Forma | |||||||||||
2018 | Adjustments | As Adjusted | ||||||||||
(unaudited) | (unaudited) | |||||||||||
ASSETS | ||||||||||||
Current assets | ||||||||||||
Cash | $ | 638,806 | $ | — | $ | 638,806 | ||||||
Prepaid expenses and other current assets | 24,500 | — | 24,500 | |||||||||
Total Current Assets | 663,306 | — | 663,306 | |||||||||
Cash held in Trust Account | 50,187,500 | 5,462,500 | 55,650,000 | |||||||||
Total Assets | $ | 50,850,806 | $ | 5,462,500 | $ | 56,313,306 | ||||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||||||
Current Liabilities | ||||||||||||
Advance from related party | $ | 232,500 | (187,500 | ) | $ | 45,000 | ||||||
Promissory note – related party | 145,435 | — | 145,435 | |||||||||
Total Current Liabilities | 377,935 | (187,500 | ) | 190,435 | ||||||||
Commitments | ||||||||||||
Ordinary shares subject to possible redemption, 4,547,287 and 5,112,287 shares at redemption value | 45,472,870 | 5,650,000 | 51,122,870 | |||||||||
Shareholders' Equity | ||||||||||||
Preferred shares, no par value; unlimited shares authorized, none issued and outstanding | — | — | — | |||||||||
Ordinary shares, no par value; unlimited shares authorized; 2,140,213 and 2,157,163 shares issued and outstanding (excluding 4,547,287 and 5,112,287 shares subject to possible redemption) | 5,003,560 | — | 5,003,560 | |||||||||
Accumulated deficit | (3,559 | ) | — | (3,559 | ) | |||||||
Total Shareholders' Equity | 5,000,001 | — | 5,000,001 | |||||||||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ | 50,850,806 | $ | 5,462,500 | $ | 56,313,306 |