Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - Daseke, Inc. | f8k080415_hennessycapii.htm |
| EX-99.2 - PRESS RELEASE - Daseke, Inc. | f8k080415ex99ii_hennessy.htm |
Exhibit 99.1
HENNESSY CAPITAL ACQUISITION CORP. II
PRO FORMA BALANCE SHEET
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As of July 28, 2015 |
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Pro Forma Adjustments |
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Pro Forma As Adjusted |
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| (unaudited) | (unaudited) | ||||||||||||
| ASSETS | |||||||||||||
| Current asset | |||||||||||||
| Cash | $ | 2,266,000 | $ | - | $ | 2,266,000 | |||||||
| Prepaid expenses | 85,000 | - | 85,000 | ||||||||||
| Total current assets | 2,351,000 | - | 2,351,000 | ||||||||||
| Cash held in Trust Account | 175,000,000 | 24,599,000 | a | 199,599,000 | |||||||||
| Total asset | $ | 177,351,000 | $ | 24,599,000 | $ | 201,950,000 | |||||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||
| Current liabilities – Accounts payable and accrued formation and offering costs | $ | 182,000 | - | $ | 182,000 | ||||||||
| Deferred underwriting compensation | 6,300,000 | 886,000 | c | 7,186,000 | |||||||||
| Total liabilities | 6,482,000 | 886,000 | 7,368,000 | ||||||||||
| Common stock subject to possible redemption; 16,586,899 shares and 18,958,251 shares as adjusted (at redemption value of approximately $10.00 per share) | 165,869,000 | 24,599,000 | a | 189,582,000 | |||||||||
| (886,000 | ) | d | |||||||||||
| Commitments and contingencies | |||||||||||||
| Stockholders’ equity: | |||||||||||||
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized, none issued or outstanding | - | - | - | ||||||||||
| Common stock, $0.0001 par value, 45,000,000 authorized shares, 5,944,351 shares issued and outstanding and 5,991,634 as adjusted (excluding 16,586,899 shares, and 18,958,251 shares as adjusted, subject to possible redemption) | 1,000 | - | 1,000 | ||||||||||
| Additional paid-in-capital | 5,002,000 | 590,000 | b | 5,002,000 | |||||||||
| (590,000 | ) | b | |||||||||||
| (886,000 | ) | c | |||||||||||
| 886,000 | d | ||||||||||||
| Accumulated deficit | (3,000 | ) | - | (3,000 | ) | ||||||||
| Total stockholders’ equity | 5,000,000 | - | 5,000,000 | ||||||||||
| Total liabilities and stockholders’ equity | $ | 177,351,000 | 24,599,000 | 201,950,000 | |||||||||
See accompanying note to pro forma balance sheet
HENNESSY CAPITAL ACQUISITION CORP. II
NOTE TO PRO FORMA BALANCE SHEET
(unaudited)
NOTE 1 – CLOSING OF OVERALLOTMENT OPTION, ADDITIONAL PRIVATE PLACEMENT AND FORFEITED SHARES
The accompanying unaudited Pro Forma Balance Sheet presents the Balance Sheet of the Company as of July 28, 2015, adjusted for the closing of the underwriters’ overallotment option and related transactions which occurred on August 4, 2015 as described below.
On August 4, 2015 the Company closed on the underwriters’ overallotment option of 2,459,908 units (a partial amount), increasing the total dollar offering amount by approximately $24,599,000 to approximately $199,599,000. Additionally, on August 4, 2015, the Company closed on the sale of 1,180,756 additional private placement warrants in the amount of approximately $590,000. Further, the partial exercise of the underwriters’ overallotment option resulted in the forfeiture of 41,273 Founder Shares. Pro forma adjustments to reflect the exercise of the underwriters’ overallotment option are as follows:
| Pro forma entry | Debit. | Credit. | |||||
| a. | Cash held in Trust Account | 24,599,000 | |||||
| Common stock subject to possible redemption | 24,599,000 | ||||||
| To record sale of 2,459,980 Units at $10.00 | |||||||
| b. | Paid in capital | 590,000 | |||||
| Paid in capital | 590,000 | ||||||
| To record the sale of 1,180,756 private placement warrants and payment of 2.4% cash underwriting fee on overallotment option | |||||||
| c. | Paid in capital | 886,000 | |||||
| Deferred underwriting compensation | 886,000 | ||||||
| To record the liability for deferred underwriting compensation on overallotment option | |||||||
| d. | Common stock subject to possible redemption | 886,000 | |||||
| Paid in capital | 886,000 | ||||||
| To restore total equity above $5,000,000 as required by charter | |||||||
No entry is shown for the forfeiture of 41,273 Founder Shares as the amount of the forfeiture is below the rounded amounts presented.