Exhibit 99.1
TRADEUP GLOBAL CORPORATION
PRO FROMA BALANCE SHEET
(Currency expressed in United States Dollars (“US$”), except for number of shares)
Pro Forma | ||||||||||||
May 3, 2021 | Adjustments | As Adjusted | ||||||||||
(unaudited) | (unaudited) | |||||||||||
Assets | ||||||||||||
Current assets | ||||||||||||
Cash | $ | 1,168,783 | $ | 3 | $ | 1,168,786 | ||||||
Prepaid expenses | 2,500 | - | 2,500 | |||||||||
Total Current Assets | 1,171,283 | 3 | 1,171,286 | |||||||||
Cash held in trust account | 40,000,000 | 4,889,860 | 44,889,860 | |||||||||
Total Assets | $ | 41,171,283 | $ | 4,889,863 | $ | 46,061,146 | ||||||
Liabilities and Shareholders' Equity | ||||||||||||
Offering costs payable | $ | 631,737 | $ | - | $ | 631,737 | ||||||
Total Current Liabilities | 631,737 | - | 631,737 | |||||||||
Deferred underwriting fee payable | 1,400,000 | 171,145 | 1,571,145 | |||||||||
Total Liabilities | 2,031,737 | 171,145 | 2,202,882 | |||||||||
Commitments and Contingencies | ||||||||||||
Ordinary shares subject to possible redemption, 3,413,954 and 3,885,826 shares at conversion value of $10.00 per share | 34,139,540 | 4,718,720 | 38,858,260 | |||||||||
Shareholders' Equity: | ||||||||||||
Preference shares, $0.0001 par value, 1,000,000 shares authorized, none issued and outstanding | - | - | - | |||||||||
Class A ordinary shares, $0.0001 par value, 200,000,000 shares authorized, 1,651,046 and 1,677,940 shares issued and outstanding (excluding 3,413,954 and 3,885,826 shares subject to possible redemption) | 165 | 3 | 168 | |||||||||
Class B ordinary shares, $0.0001 par value, 20,000,000 shares authorized, 300,000 and 272,247 shares issued and outstanding | 30 | (3 | ) | 27 | ||||||||
Additional paid-in capital | 5,004,609 | (2 | ) | 5,004,607 | ||||||||
Accumulated deficit | (4,798 | ) | - | (4,798 | ) | |||||||
Total Shareholders' Equity | 5,000,006 | (2 | ) | 5,000,004 | ||||||||
Total Liabilities and Shareholders' Equity | $ | 41,171,283 | $ | 4,889,863 | $ | 46,061,146 |