EX-99.1 2 f8k082819ex99-1_orisun.htm PRO-FORMA BALANCE SHEET DATED AUGUST 6, 2019

Exhibit 99.1

 

ORISUN ACQUISITION CORP.

BALANCE SHEET
AUGUST 6, 2019

 

   August 6,   Pro Forma     
   2019   Adjustments   As Adjusted 
         (unaudited)    (unaudited) 
ASSETS               
Current assets               
Cash  $652,039   $-     $652,039 
Prepaid expenses   72,500    -      72,500 
Total Current Assets   724,539    -      724,539 
                
Marketable securities held in Trust Account   40,000,000    4,400,240    44,400,240 
Total Assets  $40,724,539   $4,400,240   $45,124,779 
                
LIABILITIES AND STOCKHOLDERS’ EQUITY               
Current liabilities               
Promissory note – related party  $234,000    -      234,000 
Total Current Liabilities   234,000    -      234,000 
                
Deferred underwriting fee payable   1,200,000    132,010    1,332,010 
Total Liabilities   1,434,000    132,010    1,566,010 
                
Commitments               
                
Common stock subject to possible redemption, 3,429,053 and 3,855,876 shares at redemption value   34,290,530    4,268,230    38,558,760 
                
Stockholders’ Equity               
Common stock, $0.00001 par value; 30,000,000 shares authorized; 1,940,947 and 1,927,359 shares issued and outstanding (excluding 3,429,053 and 3,855,876 shares subject to possible redemption)   19    -      19 
Additional paid in capital   5,017,665    -      5,017,665 
Accumulated deficit   (17,675)   -      (17,675)
Total Stockholders’ Equity   5,000,009    -      5,000,009 
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY  $450,724,539   $4,400,240   $45,124,779