EX-99.1 2 eresu-ex991_7.htm EX-99.1 eresu-ex991_7.htm

 

Exhibit 99.1

EAST RESOURCES ACQUISITION COMPANY

BALANCE SHEET

JULY 27, 2020

 

 

 

July 27, 2020

 

 

Pro Forma

Adjustments

 

 

As Adjusted

 

 

 

 

 

 

(unaudited)

 

 

(unaudited)

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

$

912,561

 

 

$

 

 

$

912,561

 

Prepaid expenses

 

 

296,800

 

 

 

 

 

 

296,800

 

Total Current Assets

 

 

1,209,361

 

 

 

 

 

 

1,209,361

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash held in Trust Account

 

 

300,000,000

 

 

 

45,000,000

 

 

 

345,000,000

 

Total Assets

 

$

301,209,361

 

 

$

45,000,000

 

 

$

346,209,361

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities - Accrued offering costs

 

$

50,000

 

 

$

 

 

$

50,000

 

Deferred underwriting fee payable

 

 

10,500,000

 

 

 

1,575,000

 

 

 

12,075,000

 

Total Liabilities

 

 

10,550,000

 

 

 

1,575,000

 

 

 

12,125,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commitments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock subject to possible redemption, 28,565,936 and 32,908,436

   shares at redemption value, respectively

 

 

285,659,360

 

 

 

43,425,000

 

 

 

329,084,360

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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; 200,000,000 shares authorized;

   1,434,064 and 1,591,564 issued and outstanding (excluding 28,565,936

   and 32,908,436 shares subject to possible redemption, respectively)

 

 

143

 

 

 

16

 

 

 

159

 

Class B common stock, $0.0001 par value; 20,000,000 shares authorized;

   8,625,000 shares issued and outstanding

 

 

863

 

 

 

 

 

 

863

 

Additional paid-in capital

 

 

4,999,463

 

 

 

(16

)

 

 

4,999,447

 

Accumulated deficit

 

 

(468

)

 

 

 

 

 

(468

)

Total Stockholders’ Equity

 

 

5,000,001

 

 

 

 

 

 

5,000,001

 

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

 

$

301,209,361

 

 

$

45,000,000

 

 

$

346,209,361