Report of Independent Registered Public Accounting Firm
|
F-2
| |||
Balance Sheet as of February 1, 2021 (as Restated)
|
F-3
| |||
Notes to Financial Statement (as Restated)
|
F-4
|
Assets:
| ||||
Current assets:
| ||||
Cash
| $ | 1,424,399 | ||
Prepaid expenses
| 955,300 | |||
Total current assets
| 2,379,699 | |||
Cash held in Trust Account
| 400,000,000 | |||
Total Assets
|
$
|
402,379,699
| ||
Liabilities and Stockholders' Equity:
| ||||
Current liabilities:
| ||||
Accounts payable
| $ | 1,010,667 | ||
Accrued expenses
| 85,000 | |||
Franchise tax payable
| 17,974 | |||
Total current liabilities
| 1,113,641 | |||
Deferred underwriting commissions
| 14,000,000 | |||
Derivative warrant liabilities
| 38,400,000 | |||
Total Liabilities
| 53,513,641 | |||
Commitments and Contingencies
| ||||
Class A common stock subject to possible redemption, $0.0001 par value; 40,000,000 shares
issued and outstanding
at redemption value of $10.00 per share
| 400,000,000 | |||
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; 200,000,000 shares authorized; no non-redeemable shares issued or outstanding
| - | |||
Class F common stock, $0.0001 par value; 20,000,000 shares authorized; 10,000,000 shares issued and outstanding
| 1,000 | |||
Additional
paid-in
capital
| - | |||
Accumulated deficit
| (51,134,942 | ) | ||
Total stockholders' equity
| (51,134,942 | ) | ||
Total Liabilities and Stockholders' Equity
|
$
|
402,379,699
| ||
As of February 1, 2021
|
As Reported
|
Adjustment
|
As Restated
| |||||||||
Total assets
|
$
|
402,379,699
|
$
|
-
|
$
|
402,379,699
| ||||||
Total current liabilitie
s
|
$
|
1,113,641
| - |
$
|
1,113,641
| |||||||
Deferred underwriting commissions
| 14,000,000 | - | 14,000,000 | |||||||||
Derivative warrant liabilities
| - | 38,400,000 | 38,400,000 | |||||||||
Total liabilities
|
$
|
15,113,641
|
$
|
38,400,000
|
$
|
53,513,641
| ||||||
Class A common stock subject to possible redemption
| 382,266,050 | 17,733,950 | 400,000,000 | |||||||||
Preferred stock
| - | - | - | |||||||||
Class A common stock
| 177 | (177 | ) | - | ||||||||
Class F common stock
| 1,000 | - | 1,000 | |||||||||
Additional
paid-in
capital
| 5,060,183 | (5,060,183 | ) | - | ||||||||
Accumulated deficit
| (61,352 | ) | (51,073,590 | ) | (51,134,942 | ) | ||||||
Total stockholders' equity (deficit)
|
$
|
5,000,008
|
$
|
(56,133,950
|
)
|
$
|
(51,133,942
|
)
| ||||
Total Liabilities, Class A Common Stock Subject to Possible Redemption and Stockholders' Equity (Deficit)
|
$
|
402,379,699
|
$
|
-
|
$
|
402,379,699
| ||||||
• |
in whole and not in part;
|
• |
at a price of $0.01 per warrant;
|
• |
upon a minimum of 30 days' prior written notice of redemption; and
|
• |
if, and only if, the last reported sale price of Class A common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within a
30-trading
day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders.
|
• |
in whole and not in part;
|
• |
at $0.10 per warrant upon a minimum of 30 days' prior written notice of redemption provided that holders will be able to exercise their warrants on a cashless basis prior to redemption and receive that number of shares determined by reference to an agreed table based on the redemption date and the "fair market value" of Class A common stock;
|
• |
if, and only if, the last reported sale price of Class A common stock equals or exceeds $10.00 per share (as adjusted per stock splits, stock dividends, reorganizations, recapitalizations and the like) on the trading day prior to the date on which the Company send the notice of redemption to the warrant holders;
|
• |
if, and only if, the Private Placement Warrants are also concurrently exchanged at the same price (equal to a number of shares of Class A common stock) as the outstanding Public Warrants, as described above; and
|
• |
if, and only if, there is an effective registration statement covering the issuance of the shares of Class A common stock issuable upon exercise of the warrants and a current prospectus relating thereto available throughout the
30-day
period after written notice of redemption is given.
|
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TLG Acquisition One Corp. published this content on 07 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 February 2022 11:09:21 UTC.