Exhibit 99.1
LIONHEART ACQUISITION CORPORATION II
(formerly known as Lionheart Acquisition Corp.)
BALANCE SHEET
AUGUST 18, 2020
August 18, 2020 | Pro Forma Adjustments | As Adjusted | ||||||||||
(unaudited) | (unaudited) | |||||||||||
ASSETS | ||||||||||||
Current assets | ||||||||||||
Cash | $ | 2,039,384 | $ | (600,000 | ) | $ | 1,439,384 | |||||
Prepaid expenses | 181,800 | — | 181,800 | |||||||||
Total Current Assets | 2,221,184 | — | 1,621,184 | |||||||||
Cash held in Trust Account | 200,000,000 | 30,000,000 | 230,000,000 | |||||||||
Total Assets | $ | 202,221,184 | $ | 29,400,000 | $ | 231,621,184 | ||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||
Current Liabilities | ||||||||||||
Accrued offering costs | $ | 35,450 | $ | — | $ | 35,450 | ||||||
Promissory note – related party | 140,671 | — | 140,671 | |||||||||
Total Current Liabilities | 176,121 | — | 176,121 | |||||||||
Deferred underwriting fee payable | 7,000,000 | 1,050,000 | 8,050,000 | |||||||||
Total Liabilities | 7,176,121 | 1,050,000 | 8,226,121 | |||||||||
Commitments and Contingencies | ||||||||||||
Common stock subject to possible redemption, 19,004,506 and 21,839,506 shares at redemption value, respectively | 190,045,060 | 28,350,000 | 218,395,060 | |||||||||
Stockholders’ Equity | ||||||||||||
Class A common stock, $0.0001 par value; 100,000,000 shares authorized; 1,645,494 and 1,810,494 issued and outstanding (excluding 19,004,506 and 21,839,506 shares subject to possible redemption, respectively) | 165 | (16 | ) | 181 | ||||||||
Class B common stock, $0.0001 par value; 10,000,000 shares authorized; 5,750,000 issued and outstanding | 575 | — | 575 | |||||||||
Additional paid-in capital | 5,000,263 | 16 | 5,000,247 | |||||||||
Accumulated deficit | (1,000 | ) | — | (1,000 | ) | |||||||
Total Stockholders’ Equity | 5,000,003 | — | 5,000,003 | |||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 202,221,184 | $ | 29,400,000 | $ | 231,621,184 |