Exhibit 99.1

 

 LIONHEART ACQUISITION CORPORATION II

(formerly known as Lionheart Acquisition Corp.)
BALANCE SHEET
AUGUST 18, 2020

 

   August 18, 2020   Pro Forma
Adjustments
   As Adjusted 
       (unaudited)   (unaudited) 
ASSETS            
Current assets            
Cash  $2,039,384   $(600,000)  $1,439,384 
Prepaid expenses   181,800        181,800 
Total Current Assets   2,221,184        1,621,184 
                
Cash held in Trust Account   200,000,000    30,000,000    230,000,000 
Total Assets  $202,221,184   $29,400,000   $231,621,184 
                
LIABILITIES AND STOCKHOLDERS’ EQUITY               
Current Liabilities               
Accrued offering costs  $35,450   $   $35,450 
Promissory note – related party   140,671        140,671 
   Total Current Liabilities   176,121        176,121 
                
Deferred underwriting fee payable   7,000,000    1,050,000    8,050,000 
Total Liabilities   7,176,121    1,050,000    8,226,121 
                
Commitments and Contingencies               
                
Common stock subject to possible redemption, 19,004,506 and 21,839,506 shares at redemption value, respectively   190,045,060    28,350,000    218,395,060 
                
Stockholders’ Equity               
Class A common stock, $0.0001 par value; 100,000,000 shares authorized; 1,645,494 and 1,810,494 issued and outstanding (excluding 19,004,506 and 21,839,506 shares subject to possible redemption, respectively)   165    (16)   181 
Class B common stock, $0.0001 par value; 10,000,000 shares authorized; 5,750,000 issued and outstanding   575        575 
Additional paid-in capital   5,000,263    16    5,000,247 
Accumulated deficit   (1,000)       (1,000)
Total Stockholders’ Equity   5,000,003        5,000,003 
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY  $202,221,184   $29,400,000   $231,621,184