Attached files

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EX-10.1 - EX-10.1 - GigInternational1, Inc.d150182dex101.htm
EX-1.1 - EX-1.1 - GigInternational1, Inc.d150182dex11.htm
8-K - 8-K - GigInternational1, Inc.d150182d8k.htm

Exhibit 99.1

GIGINTERNATIONAL1, INC.

BALANCE SHEET

AS OF MAY 24, 2021

 

     As of May 24, 2021     Pro Forma
Adjustments
    Pro Forma as
Adjusted
 

ASSETS

      

Current assets:

      

Cash

   $ 3,126,638     $ —       $ 3,126,638  

Prepaid expenses and other current assets

     735,998       —         735,998  
  

 

 

   

 

 

   

 

 

 

Total current assets

     3,862,636       —         3,862,636  

Cash and marketable securities held in Trust Account

     202,000,000       9,090,000       211,090,000  

Other assets

     675,990       —         675,990  
  

 

 

   

 

 

   

 

 

 

TOTAL ASSETS

   $ 206,538,626     $ 9,090,000     $ 215,628,626  
  

 

 

   

 

 

   

 

 

 

LIABILITIES, REDEEMABLE COMMON STOCK AND STOCKHOLDERS’ EQUITY

      

Current liabilities:

      

Accounts payable

   $ 115,379     $ —       $ 115,379  

Accrued liabilities

     1,493,600       —         1,493,600  
  

 

 

   

 

 

   

 

 

 

Total current liabilities

     1,608,979       —         1,608,979  

Warrant liability

     252,782       —         252,782  

Deferred underwriting fee payable

     7,000,000       495,000       7,495,000  
  

 

 

   

 

 

   

 

 

 

Total liabilities

     8,861,761       495,000       9,356,761  
  

 

 

   

 

 

   

 

 

 

Common stock subject to possible redemption, 19,076,917 shares and 19,927,907 shares as adjusted at a redemption value of $10.10 per share

     192,676,862       8,594,999       201,271,861  
  

 

 

   

 

 

   

 

 

 

Stockholders’ equity

      

Preferred stock, par value of $0.0001 per share; 1,000,000 shares authorized; none issued or outstanding

     —         —         —    

Common stock, par value of $0.0001 per share; 100,000,000 shares authorized; 7,623,083 shares and 7,681,093 shares as adjusted issued and outstanding (excluding 19,076,917 shares and 19,927,907 shares as adjusted subject to possible redemption)

     762       6       768  

Additional paid-in capital

     5,143,239       (5     5,143,234  

Accumulated deficit

     (143,998     —         (143,998
  

 

 

   

 

 

   

 

 

 

Total stockholders’ equity

     5,000,003       1       5,000,004  
  

 

 

   

 

 

   

 

 

 

TOTAL LIABILITIES, REDEEMABLE COMMON STOCK AND STOCKHOLDERS’ EQUITY

   $ 206,538,626     $ 9,090,000     $ 215,628,626