Attached files
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EX-99.2 - EXHIBIT 99.2 - MTech Acquisition Corp | s108933_ex99-2.htm |
8-K - MTech Acquisition Corp | s108933_8k.htm |
Exhibit 99.1
MTECH ACQUISITION CORP.
BALANCE SHEET
February 1, | Pro Forma | |||||||||||
2017 | Adjustments | As Adjusted | ||||||||||
(unaudited) | (unaudited) | |||||||||||
ASSETS | ||||||||||||
Current assets | ||||||||||||
Cash | $ | 709,508 | $ | — | $ | 709,508 | ||||||
Prepaid expenses | 91,300 | — | 91,300 | |||||||||
Total Current Assets | 800,808 | — | 800,808 | |||||||||
Cash held in Trust Account | 50,000,076 | 7,500,000 | 57,500,076 | |||||||||
Total Assets | $ | 50,800,884 | $ | 7,500,000 | $ | 58,300,884 | ||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||
Current liabilities | ||||||||||||
Accounts payable and accrued expenses | $ | 13,139 | $ | — | $ | 13,139 | ||||||
Advances from related party | 175,000 | — | 175,000 | |||||||||
Total Current Liabilities | 188,139 | — | 188,139 | |||||||||
Commitments | ||||||||||||
Common stock subject to possible redemption, 4,561,267 and 5,311,267 shares at redemption value | 45,612,740 | 7,500,000 | 53,112,740 | |||||||||
Stockholders’ Equity | ||||||||||||
Preferred stock, $0.0001 par value; 1,000,000 authorized; none issued and outstanding | — | — | — | |||||||||
Class A Common stock, $0.0001 par value; 15,000,000 shares authorized; 663,733 and 682,483 shares issued and outstanding (excluding 4,561,267 and 5,311,267 shares subject to possible redemption) | 66 | 2 | 68 | |||||||||
Class B Common stock, $0.0001 par value; 3,000,000 shares authorized; 1,437,500 shares issued and outstanding | 144 | 144 | ||||||||||
Additional paid-in capital | 5,001,372 | (2 | ) | 5,001,370 | ||||||||
Accumulated deficit | (1,577 | ) | — | (1,577 | ) | |||||||
Total Stockholders’ Equity | 5,000,005 | — | 5,000,005 | |||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 50,800,884 | $ | 7,500,000 | $ | 58,300,884 |