EX-99.2 3 ea133505ex99-2_mountain2.htm PRO-FORMA BALANCE SHEET DATED JANUARY 14, 2021

Exhibit 99.2

 

MOUNTAIN CREST ACQUISITION CORP. II
BALANCE SHEET

JANUARY 12, 2021

 

       Pro Forma     
   January 12, 2021   Adjustments   As Adjusted 
       (unaudited)   (unaudited) 
ASSETS            
Current assets            
Cash  $584,671   $-   $584,671 
Other receivable   500,000    (500,000)   - 
Prepaid expenses   20,000    -    20,000 
Total Current Assets   1,104,671    -    604,671 
                
Cash held in Trust Account   49,500,000    8,000,000    57,500,000 
Total Assets  $50,604,671   $7,500,000   $58,104,671 
                
LIABILITIES AND STOCKHOLDERS’ EQUITY               
Current Liabilities               
    Accrued expenses  $450   $-   $450 
        Total Current Liabilities   450         450 
                
Deferred underwriting payable   1,500,000    225,000    1,725,000 
Total Liabilities   1,500,450    225,000    1,725,450 
                
Commitments               
                
Common stock subject to possible redemption, 4,410,422 and 5,137,922 shares at redemption value, respectively   44,104,220    7,275,000    51,379,220 
                
Stockholders’ Equity               
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding   -    -    - 
Common stock, $0.0001 par value; 30,000,000 shares authorized; 2,382,078 and 2,419,578 issued and outstanding (excluding 4,410,422 and 5,137,922 shares subject to possible redemption), respectively   238    4    242 
Additional paid-in capital   5,001,449    (4)   5,001,445 
Accumulated deficit   (1,686)   -    (1,686)
Total Stockholders’ Equity   5,000,001    -    5,000,001 
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY  $50,604,671   $7,500,000   $58,104,671