EX-99.1 2 ea146499ex99-1_abrispac1.htm PRO FORMA BALANCE SHEET

Exhibit 99.1

 

ABRI SPAC I, INC.

BALANCE SHEET

AUGUST 12, 2021

 

   August 12,   Pro Forma     
   2021   Adjustments   As Adjusted 
       (Unaudited)   (Unaudited) 
ASSETS            
Current assets:            
Cash  $477,409   $-   $477,409 
Prepaid expenses   392,180    -    392,180 
Total current assets   869,589    -    869,589 
                
Cash held in Trust Account   50,000,000    7,339,200    57,339,200 
Total assets  $50,869,589   $7,339,200   $58,208,789 
                
LIABILITIES AND STOCKHOLDERS’ EQUITY               
Current liabilities:               
Warrant liability  $165,750   $-   $165,750 
Total current liabilities   165,750    -    165,750 
Deferred underwriting commissions   1,500,000    -    1,500,000 
Total liabilities   1,665,750    -    1,665,750 
                
Commitments and Contingencies               
Common stock subject to possible redemption, par value $0.0001, 100,000,000 shares authorized; 5,000,000 and 5,733,920 shares issued and outstanding   43,860,065    6,729,784    50,589,849 
Stockholders’ equity:               
Preferred stock, par value $0.0001, 1,000,000 shares authorized, none issued and outstanding   -    -    - 
Common stock, par value $0.0001, 100,000,000 shares authorized; 1,713,750 shares and 1,709,730 issued and outstanding   172    (1)   171 
Additional paid-in capital   5,397,525    609,417    6,006,942 
Accumulated deficit   (53,923)   -    (53,923)
Total stockholders’ equity   5,343,774    609,416    5,953,190 
Total liabilities and stockholders’ equity  $50,869,589   $7,339,200   $58,208,789