The following table is a summary of cash proceeds and utilization of proceeds in the Business Combination (in thousands):


Proceeds

Public share proceeds(1)	$	83,429
Issuance of Series A Preferred Stock		65,000
Term Loan Facility		250,000
Cash(2)		3,209
Total proceeds		401,638

Use of Proceeds

Repayment of Line of Credit(3)		16,717
Repayment of Senior Term Loan(4)		122,724
Repayment of equipment loans(5)		89,488
Repayment of subordinated debt(6)		67,460
Payment of deferred financing fees(7)		14,148
Repurchase Main Street and Prudential shares(8)		36,168
Hennessy transaction costs		19,063
Daseke transaction costs(9)		1,204
Total use of proceeds		366,972

Net cash received	$	34,666

(1) - 8,342,918 public shares outstanding valued at $10.00 per share

(2) - Daseke cash utilized for payment of deferred financing fees and transaction costs

(3) - includes payment of $59 accrued interest recognized in interest expense

(4) - includes payment of $422 accrued interest recognized in interest expense

(5) - includes payment of $731 accrued interest recognized in interest expense

(6) - includes payment of $745 accrued interest recognized in interest expense

(7) - excludes $81 paid subsequent to the Closing

(8) - Hennessy repurchased Private Daseke shares held by Main Street Capital II, LP, Main Street Mezzanine Fund, LP, Main Street Capital Corporation, Prudential Capital Partners IV, L.P., Prudential Capital Partners (Parallel Fund) IV, L.P. and Prudential Capital Partners Management Fund IV, L.P.

(9) - $0.8 million and $0.4 million expensed in fourth quarter 2016 and first quarter 2017, respectively