Exhibit 99.1

 

TRINE ACQUISITION CORP.

BALANCE SHEET
MARCH 19, 2019

 

   March 19,   Pro Forma     
   2019   Adjustments   As Adjusted 
       (unaudited)   (unaudited) 
ASSETS            
Current assets            
Cash  $1,743,930   $—   $1,743,930 
Prepaid expenses   23,200    —    23,200 
Total Current Assets   1,767,130    —    1,767,130 
                
Security deposits   23,800    —    23,800 
Cash held in Trust Account   261,000,000    39,150,000    300,150,000 
Total Assets  $262,790,930   $39,150,000   $301,940,930 
                
LIABILITIES AND STOCKHOLDERS’ EQUITY               
Current liabilities               
Accounts payable and accrued expenses  $10,150   $—   $10,150 
Accrued offering costs   1,699    —    1,699 
Total Current Liabilities   11,849    —    11,849 
                
Deferred underwriting fee payable   9,135,000    1,370,250    10,505,250 
Total Liabilities   9,146,849    1,370,250    10,517,099 
                
Commitments and Contingencies               
                
Common stock subject to possible redemption, 24,864,407 and 28,642,383 shares at redemption value   248,644,071    37,779,758    286,423,829 
                
Stockholders’ Equity               
Preferred stock, $0.0001 par value; 1,000,000 shares authorized, none issued and outstanding   —    —    — 
Class A common stock, $0.0001 par value; 100,000,000 share authorized; 1,235,593 and 1,372,617 shares issued and outstanding (excluding 24,864,407 and 28,642,383 shares subject to possible redemption)   124    13    137 
Class B common stock, $0.0001 par value; 10,000,000 authorized; 7,503,750 shares issued and outstanding   750    —    750 
Additional paid in capital   5,170,665    (21)   5,170,644 
Accumulated deficit   (171,529)   —    (171,529)
Total Stockholders’ Equity   5,000,010    (8)   5,000,002 
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY  $262,790,930   $39,150,000   $301,940,930