EX-99.1 2 ea146237ex99-1_conyerspark3.htm PRO FORMA BALANCE SHEET

Exhibit 99.1

 

CONYERS PARK III ACQUISITION CORP.

 

BALANCE SHEET

 

August 12, 2021

 

   August 12,
2021		   Pro Forma
Adjustments
(unaudited)		   As
Adjusted
(unaudited)		 
Assets            
Current Assets:            
Cash  $2,358,220   $              —   $2,358,220 
Prepaid expenses   695,000    —    695,000 
Total current assets   3,053,220    —    3,053,220 
Cash held in trust account   350,000,000    7,000,000   357,000,000
Total assets  $353,053,220   $ 7,000,000  $ 360,053,220
                
Liabilities and Stockholders’ Equity               
Current Liabilities:               
Accounts payable and accrued expenses  $695,000   $—   $695,000 
Accounts payable - related party   10,000    —    10,000 
Total current liabilities   705,000    —    705,000 
Warrant liability   9,800,000    137,200    9,937,200 
Deferred underwriting compensation   12,250,000    245,000    12,495,000 
Total liabilities   22,755,000    382,200    23,137,200 
Commitments and contingencies               
Class A common stock, $0.0001 par value; 500,000,000 shares authorized; 32,529,821 and 33,191,601 shares subject to possible redemption at $10.00 redemption value, respectively   325,298,210    6,617,800   331,916,010
                
Stockholders’ equity               
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding   —    —    — 
Class A common stock, $0.0001 par value; 500,000,000 shares authorized; 2,470,179 and 2,508,399 shares issued and outstanding, respectively (excluding 32,529,821 and 33,191,601 shares subject to possible redemption, respectively)   247    4   251
Class B common stock, $0.0001 par value; 50,000,000 shares authorized; 10,062,500 shares issued and outstanding(1)   1,006    —    1,006 
Additional paid-in capital   5,028,908    (108)   5,028,800
Accumulated deficit   (30,151)   104   (30,047)
Total stockholders’ equity   5,000,010    —    5,000,010 
Total liabilities and stockholders’ equity  $353,053,220   $ 7,000,000  $ 360,053,220

 

(1)This number includes an aggregate of up to 1,312,500 shares of Class B common stock subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters.