EX-99.1 2 f8k080917ex99-1_ospreyenergy.htm PRO FORMA BALANCE SHEET

 

Exhibit 99.1

 

OSPREY ENERGY ACQUISITION CORP.

 

BALANCE SHEET

 

      Pro Forma   
   July 26, 2017  Adjustments  As Adjusted
      (unaudited)  (unaudited)
ASSETS               
Current assets               
Cash  $1,495,505   $-   $1,495,505 
Prepaid expenses   22,000    -    22,000 
Total Current Assets   1,517,505    -    1,517,505 
                
Cash held in Trust Account   250,000,000    25,000,000    275,000,000 
Total Assets  $251,517,505   $25,000,000   $276,517,505 
                
LIABILITIES AND STOCKHOLDERS' EQUITY               
Current liabilities – accrued offering costs  $18,395   $-   $18,395 
Deferred underwriting fees   8,750,000    875,000    9,625,000 
Total Liabilities   8,768,395    875,000    9,643,395 
                
Commitments               
Common stock subject to possible redemption, 23,774,910 and 26,187,410 shares at redemption value   237,749,100    24,125,000    261,874,100 
                
Stockholders' Equity:               
Preferred stock, $0.0001 par value; 1,000,000 authorized; none issued and outstanding   -    -    - 
Class A Common stock, $0.0001 par value; 125,000,000 shares authorized; 1,225,090 and 1,312,590 shares issued and outstanding (excluding 23,774,910 and 26,187,410 shares subject to possible redemption)   123    8    131 
Class B Common stock, $0.0001 par value; 20,000,000 shares authorized; 7,187,500 and 6,875,000 shares issued and outstanding   719    (31)   688 
Additional paid-in capital   5,002,839    23    5,002,862 
Accumulated deficit   (3,671)   -    (3,671)
Total Stockholders' Equity   5,000,010    -    5,000,010 
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY  $251,517,505   $25,000,000   $276,517,505