BLUE OWL CAPITAL INC. - FORM 8-K - EX-99.1 - EXHIBIT 99.1 - November 12, 2020

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Exhibit 99.1

 

ALTIMAR ACQUISITION CORPORATION

PRO FORMA BALANCE SHEET

 

  

Actual
as of
October 27, 2020

  

Pro Forma
Adjustments

    

As Adjusted
as of
October 27, 2020

 
       (unaudited)     (unaudited) 
ASSETS                 
Current Assets                 
Cash  $1,872,011   $—     $1,872,011 
Prepaid expenses   26,800    —      26,800 
Total Current Assets   1,898,811    —      1,898,811 
                  
Cash held in Trust Account   250,000,000    25,000,000  (a)   275,000,000 
         (500,000) (b)     
         500,000  (d)     
Total Assets  $251,898,811   $25,000,000     $276,898,811 
                  
LIABILITIES AND SHAREHOLDERS’ EQUITY                 
Current liabilities                 
Accrued offering costs  $463,099   $—      463,099 
Promissory note – related party   5,000    —      5,000 
Total Current Liabilities   468,099    —      468,099 
                  
Deferred underwriting fee payable   8,750,000   $875,000  (c)  $9,625,000 
Total Liabilities   9,218,099    875,000      10,093,099 
                  
Commitments and Contingencies                 
                  
Class A ordinary shares subject to possible redemption, 23,768,071 and 26,180,571 shares at $10.00 per share   237,680,710    24,125,000  (f)   261,805,710 
                  
Shareholders’ Equity                 
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding   —    —      — 
Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 1,231,929 and 1,319,429 shares issued and outstanding (excluding 23,768,071 and 26,180571 shares, respectively, subject to possible redemption)   123    250  (a)   132 
         (241) (e)     
                  
Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 7,187,500 shares issued and outstanding (1)   719    —      719 
                  
Additional paid-in capital   5,004,160    24,999,750  (a)   5,004,151 
         (500,000) (b)     
         (875,000) (c)     
         500,000  (d)     
         (24,124,759) (e)     
                  
                  
Accumulated deficit   (5,000)   —      (5,000)
Total Shareholders’ Equity   5,000,002    —      5,000,002 
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  $251,898,811   $25,000,000     $276,898,811 

 

(1)Includes an aggregate of up to 312,500 shares subject to forfeiture as a result of the underwriters’ election to partially exercise their over-allotment option.

 

See accompanying note to the pro forma balance sheet.

 

 

 

ALTIMAR ACQUISITION CORPORATION

NOTE TO PRO FORMA BALANCE SHEET

(unaudited)

 

NOTE 1 - CLOSING OF OVER-ALLOTMENT OPTION

 

The accompanying unaudited Pro Forma Balance Sheet presents the Balance Sheet of Altimeter Acquisition Corporation (the “Company”) as of October 27, 2020, adjusted for the partial closing of the underwriters’ over-allotment option and related transactions, which occurred on November 9 2020, as described below.

 

On November 9, 2020, the Company consummated the closing of the sale of 2,500,000 additional units (the “Units”) at a price of $10.00 per unit upon receiving notice of the underwriters’ election to partially exercise their over-allotment option, generating additional gross proceeds of $25,000,000 to the Company. Each Unit consists of one Class A ordinary share (the “Ordinary Share”) and one-third of one redeemable warrant (“Public Warrant”). Each whole Public Warrant entitles the holder to purchase one Ordinary Share at a price of $11.50 per share. Simultaneously with the exercise of the over-allotment option, the Company consummated the private placement of an additional 333,333 warrants (the “Private Placement Warrants”), at a purchase price of $1.50 per Private Placement Warrant, to Altimar Sponsor LLC, generating gross proceeds of $500,000. Transaction costs amounted to $1,375,000, consisting of $500,000 in cash underwriting fees and $875,000 of additional underwriting fees, which have been deferred until the completion of the Company’s Business Combination. As a result of the underwriters’ election to partially exercise their over-allotment option, 675,000 Founder Shares are no longer subject to forfeiture. Pro forma adjustments to reflect the exercise of the underwriters’ over-allotment option are as follows:

 

  Pro forma entries:   Debit     Credit  
a. Cash held in Trust Account     25,000,000          
  Class A ordinary shares             250  
  Additional paid-in capital             24,999,750  
  To record sale of 2,500,000 Units on over-allotment option at $10.00 per Unit.                
                   
b. Additional paid-in capital     500,000          
  Cash held in Trust Account             500,000  
  To record payment of 2.0% of cash underwriting fee on over-allotment option.                
                   
c. Additional paid-in capital     875,000          
  Deferred underwriting fee payable             875,000  
  To record the liability for the 3.5% deferred underwriting fees on over-allotment option.                
                   
d. Cash held in Trust Account     500,000          
  Additional paid in capital             500,000  
  To record sale of 333,333 over-allotment Private Placement Warrants at $1.50 per warrant.                
                   
e. Class A ordinary shares     241          
  Additional paid-in capital     24,124,759          
  Ordinary shares subject to redemption             24,125,000  
  To reclassify Class A ordinary shares out of permanent equity into mezzanine redeemable shares.