EX-99.1 2 tm2130630d2_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

PARABELLUM ACQUISITION CORP.

 

BALANCE SHEET

 

       
   October 1,
2021		   Pro Forma
Adjustments		   As Adjusted 
       (unaudited)   (unaudited) 
ASSETS            
Current assets               
Cash  $2,333,553   $(187,500)  $2,146,053 
Prepaid expenses and other current assets   646,858    —    646,858 
Total current assets   2,980,411    (187,500)   2,792,911 
Cash held in trust account   126,250,000    18,937,500    145,187,500 
Total Assets  $129,230,411   $18,750,000   $147,980,411 
LIABILITIES AND STOCKHOLDERS’ DEFICIT               
Current liabilities               
Accounts payable  $705,488   $—   $705,488 
Accrued offering costs   320,000    —    320,000 
Total Current Liabilities   1,025,488    —    1,025,488 
Warrant liability   10,749,950    1,227,470    11,977,420 
Deferred underwriting fee payable   4,375,000    656,250    5,031,250 
TOTAL LIABILITIES   16,150,438    1,883,720    18,034,158 
Commitments               
Class A common stock subject to possible redemption, 12,500,000 and 14,375,000 shares at redemption value   126,250,000    18,937,500    145,187,500 
Stockholders’ Deficit               
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 shares authorized; 0 shares issued and outstanding (excluding 12,500,000 and 14,375,000 shares subject to possible redemption)   —    —    — 
Class B common stock, $0.0001 par value; 10,000,000 shares authorized; 3,593,750 shares issued and outstanding   359    —    359 
Additional paid-in capital   —    —    — 
Accumulated deficit   (13,170,386)   (2,071,220)   (15,241,606)
Total Stockholders’ Deficit   (13,170,027)   (2,071,220)   (15,241,247)
Total Liabilities and StockholderS’ Deficit  $129,230,411   $18,750,000   $147,980,411