EX-99.1
Published on August 31, 2020
Exhibit 99.1
EAST RESOURCES ACQUISITION COMPANY
JULY 27, 2020
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July 27, 2020 |
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Pro Forma Adjustments |
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As Adjusted |
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(unaudited) |
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(unaudited) |
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ASSETS |
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Current assets |
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Cash |
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$ |
912,561 |
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$ |
— |
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$ |
912,561 |
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Prepaid expenses |
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296,800 |
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— |
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296,800 |
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Total Current Assets |
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1,209,361 |
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— |
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1,209,361 |
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Cash held in Trust Account |
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300,000,000 |
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45,000,000 |
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345,000,000 |
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Total Assets |
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$ |
301,209,361 |
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$ |
45,000,000 |
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$ |
346,209,361 |
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LIABILITIES AND STOCKHOLDERS’ EQUITY |
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Current liabilities - Accrued offering costs |
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$ |
50,000 |
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$ |
— |
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$ |
50,000 |
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Deferred underwriting fee payable |
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10,500,000 |
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1,575,000 |
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12,075,000 |
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Total Liabilities |
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10,550,000 |
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1,575,000 |
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12,125,000 |
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Commitments |
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Common stock subject to possible redemption, 28,565,936 and 32,908,436 shares at redemption value, respectively |
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285,659,360 |
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43,425,000 |
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329,084,360 |
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Stockholders’ Equity |
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Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding |
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— |
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— |
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— |
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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) |
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143 |
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16 |
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159 |
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Class B common stock, $0.0001 par value; 20,000,000 shares authorized; 8,625,000 shares issued and outstanding |
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863 |
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— |
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863 |
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Additional paid-in capital |
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4,999,463 |
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(16 |
) |
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4,999,447 |
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Accumulated deficit |
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(468 |
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— |
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(468 |
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Total Stockholders’ Equity |
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5,000,001 |
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— |
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5,000,001 |
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TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY |
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$ |
301,209,361 |
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$ |
45,000,000 |
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$ |
346,209,361 |
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