EX-99.2 3 tm2121439d19_ex99-2.htm EXHIBIT 99.2

 

Exhibit 99.2

 

Index to Unaudited Pro Forma Financial Statement

 

Unaudited Pro Forma Balance Sheet as of October 21, 2021  F-2
Notes to Unaudited Pro Forma Financial Statement  F-3

 

 

 

 

BLOCKCHAIN MOON ACQUISITION CORP.

PRO FORMA BALANCE SHEET

October 21, 2021

 

    October 21, 2021    

Pro Forma

Adjustments

     As Adjusted  
          (unaudited)     (unaudited)  
Assets                        
Cash on hand   $ 1,318,063     $ -     $ 1,318,063  
Prepaid expenses     31,600       -       31,600  
Due from the Sponsor     125,000       -       125,000  
Total current assets     1,474,663       -       1,474,663  
Cash held in Trust Account     100,000,000       15,000,000 (a)     115,000,000  
              300,000 (b)        
              (300,000 )(c)        
Total Assets   $ 101,474,663     $ 15,000,000     $ 116,474,663  
                         
Liabilities and Stockholder’s Deficit                        
Accrued offering costs and expenses   $ 25,000     $ -     $ 25,000  
Due to related party     52,448       -       52,448  
Total current liabilities     77,448       -       77,448  
Warrant liability     107,149       8,036 (e)     115,185  
Deferred underwriting commissions     3,500,000       525,000 (d)     4,025,000  
        Total liabilities     3,684,597       533,036       4,217,633  
                         
Commitments and contengencies                        
Common stock subject to possible redemption, 10,000,000 and 11,500,000 shares at redemption value, respectively     100,000,000       15,000,000 (a)     115,000,000  
                         
Stockholders’ Deficit:                        
Preferred stock, $0.0001 par value, 1,000,000 shares authorized; none issued and outstanding     -       -       -  
Common stock, $0.0001 par value; 100,000,000 shares authorized, 3,275,000 and 3,305,000 shares issued and outstanding, actual and as adjusted (excluding 10,000,000 and 15,000,000 shares subject to possible redemption), respectively     328       3 (b)     331  
Additional paid-in capital     -       299,997 (b)     -  
              (300,000 )(c)        
              (525,000 )(d)        
              (8,036 )(e)        
              (43 )(f)        
              533,082 (g)        
Accumulated deficit     (2,210,262 )     43 (f)     (2,743,301 )
              (533,082 )(g)        
Total stockholders’ deficit     (2,209,934 )     (533,036 )     (2,742,970 )
Total Liabilities and Stockholders’ Deficit   $ 101,474,663     $ 15,000,000     $ 116,474,663  

  

F-2

 

 

BLOCKCHAIN MOON ACQUISITION CORP.

NOTES TO PRO FORMA FINANCIAL STATEMENT

 

Note 1 — Closing of Over-allotment Option and Additional Private Placement

 

The accompanying unaudited Pro Forma Balance Sheet presents the Balance Sheet of Blockchain Moon Acquisition Corp. (the “Company”) as of October 21, 2021, adjusted for the closing of the underwriters’ over-allotment option and related transactions which occurred on October 26, 2021 as described below, as if the over-allotment option occurred on October 21, 2021.

 

On October 21, 2021, the Company consummated the initial public offering (“Initial Public Offering”) of 10,000,000 units (the “Public Units”), which excluded the over-allotment option in the amount of 1,150,000 Public Units, at $10.00 per Public Unit, generating gross proceeds of $100,000,000. On October 26, 2021, the underwriters fully exercised the over-allotment option and purchased 1,500,000 Public Units (the “Over-Allotment Option Units”) at a price of $10.00 per Over-Allotment Option Unit, generating gross proceeds of $15,000,000.

 

On October 26, 2021, simultaneously with the sale of the Over-Allotment Option Units, the Company consummated the private sale of an additional 30,000 Private Units, generating gross proceeds to the Company of $300,000. The Private Units were issued pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, as the transactions did not involve a public offering. 

 

As of October 21, 2021, as adjusted, a total of $115,000,000, consisting of $112,577,497 of the net proceeds from the sale of Units in the IPO (including the Over-Allotment Option Units) and $2,422,503 of the net proceeds from the sale of the Private Units (including the Over-Allotment Option Units), were placed in a trust account established for the benefit of the Company’s public stockholders.

 

Pro forma adjustments to reflect the sale of the Over-Allotment Option Units and the sale of the Additional Private Placement Units described above are as follows:

  

  Pro Forma Entries  Debit   Credit 
(a) Cash held in Trust Account  $15,000,000      
  Common stock subject to possible redemption       $15,000,000 
  To record sale of 1,500,000 Overallotment Units at $10.00 per Unit          
             
(b) Cash held in Trust Account  $300,000      
  Common stock       $3 
  Additional paid-in capital       $299,997 
  To record sale of 30,000 Private Placement Units at $10.00 per Private Placement Unit          
             
(c) Additional paid-in capital  $300,000      
  Cash held in Trust Account       $300,000 
  To record payment of cash underwriting fees          
             
(d) Additional paid-in capital  $525,000      
  Deferred underwriting commissions       $525,000 
  To record additional deferred underwriting fees arising from the sale of Over-allotment Option Units          
             
(e) Additional paid-in capital  $8,036      
  Warrant liability       $8,036 
  To record warrant liability arising from the sale of 30,000 Private Placement Units          
             
(f) Additional paid-in capital  $43      
  Accumulated deficit       $43 
  To record offering costs allocated to warrant liability          
             
(g) Accumulated deficit  $533,082      
  Additional paid-in capital       $533,082 
  To reclass deficit from additional paid-in capital to accumulated deficit          

  

F-3