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 |