Adjustments to Unaudited Pro Forma Condensed Combined Balance Sheet. Transaction Adjustments The Transaction is accounted for using the acquisition method of accounting in accordance with ASC 805, which requires, among other things, that the assets acquired, and liabilities assumed be recognized at their Closing Date fair values, with any excess of the consideration transferred over the estimated fair values of the identifiable net assets acquired, if any, recorded as goodwill.
Adjustments to Unaudited Pro Forma Condensed Combined Balance Sheet. (a) Represents an increase in cash and cash equivalents in the amount of $718.7 million, which relates to the Debt Offering and the Equity Offering, calculated as:
Adjustments to Unaudited Pro Forma Condensed Combined Balance Sheet. The adjustments included in the unaudited pro forma condensed combined balance sheet as of March 31, 2021 are as follows:
Adjustments to Unaudited Pro Forma Condensed Combined Balance Sheet. The unaudited pro forma condensed combined balance sheet as of September 30, 2023 reflects the following adjustments: Transaction Accounting Adjustments related to the Disposition
Adjustments to Unaudited Pro Forma Condensed Combined Balance Sheet. Presented below are the Notes to the accompanying unaudited pro forma condensed combined balance sheet:
Adjustments to Unaudited Pro Forma Condensed Combined Balance Sheet. (A) Transaction Costs — To reflect the payment of estimated transaction costs of approximately $7.9 million expected to be incurred by Xxxxx and CarLotz ($6.1 million and $1.8 million, respectively) subsequent to September 30, 2022.
Adjustments to Unaudited Pro Forma Condensed Combined Balance Sheet. A. The Merger will be accounted for using the acquisition method of accounting in accordance with ASC 805, which requires, among other things, that the assets acquired, and liabilities assumed be recognized at their Merger closing date fair values, with any excess of the consideration transferred over the estimated fair values of the identifiable net assets acquired, if any, recorded as goodwill. The accounting for the Merger is based on currently available information and is considered preliminary. The final accounting for the Merger may differ materially from that presented in this unaudited pro forma condensed combined financial information. The estimated fair value of consideration transferred is based on the closing XxxXxxx.xx common stock price per share as of February 29, 2024. The following table summarizes the computation of the consideration transferred to acquire Pangiam: (In thousands, except share count and per share data) Shares issued to Pangiam (1) 61,838,072 XxxXxxx.xx common stock price (2) $ 3.36 Equity portion of consideration 207,776 Add: Purchase price adjustment holdback amount (3) 3,500 Fair value of consideration transferred $ 211,276
Adjustments to Unaudited Pro Forma Condensed Combined Balance Sheet. A. Reflects Legacy Tigo’s purchase of 1,645,000 shares of ROCG common stock and 424,000 Private Placement Units from the Sponsors pursuant to the Sales and Purchase Agreement for $1.8 million after deducting $0.5 million of expenses advanced by Legacy Tigo to extend the period for ROCG to consummate a Business Combination.
Adjustments to Unaudited Pro Forma Condensed Combined Balance Sheet. (A) Cash and cash equivalents Reflects the cash paid for the Transaction, $161.6 million, as well as approximately $3.9 million of direct transaction costs related to the Transaction.
Adjustments to Unaudited Pro Forma Condensed Combined Balance Sheet. The pro forma adjustments are based on preliminary estimates and assumptions that are subject to change. The following summarizes the pro forma adjustments to give effect to the acquisition as if it had occurred on August 31, 2018.
