EX-99.1 2 ea149286ex99-1_schultze.htm PRO FORMA BALANCE SHEET

Exhibit 99.1

 

 

SCHULTZE SPECIAL PURPOSE ACQUISITION CORP. II

BALANCE SHEET

OCTOBER 13, 2021

 

 

          Pro Forma        
    October 13, 2021     Adjustments     As Adjusted  
          (unaudited)     (unaudited)  
ASSETS                        
Cash   $ 1,245,965     $ —     $ 1,245,965  
Prepaid expenses and other current assets     701,355       —       701,305  
        Total current assets     1,947,270       —       1,947,270  
                         
Cash held in trust account     151,500,000       15,150,000       166,650,000  
Total Assets   $ 153,447,270     $ 15,150,000     $ 168,597,270  
                         
LIABILITIES AND STOCKHOLDERS’ EQUITY                        
Current liabilities - accrued expenses     $ 43,891     $ —     $ 43,891  
Deferred underwriting payable     6,000,000       600,000       6,600,000  
Total Liabilities     6,043,891       600,000       6,643,891  
                         
Commitments                        
                         
Class A common stock subject to possible redemption, 15,000,000 and 16,500,000 shares at redemption value, respectively     151,500,000       15,150,000       166,650,000  
                         
Stockholders’ Equity                        
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding     —       —       —  
Class B common stock, $0.0001 par value; 20,000,000 shares authorized; 4,312,500 and 4,125,000 shares issued and outstanding     431       (19)       412  
Additional paid-in capital     —       —       —  
Accumulated deficit     (4,097,052 )     (599,981)       (4,697,033 )
Total Stockholders’ Equity     (4,096,621)       (600,000)       (4,696,621)  
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   $ 153,447,270     $ 15,150,000     $ 168,597,270