HL Acquisitions Corp.

[1]	Excludes an aggregate of up to 4,411,754 and 5,009,247 shares subject to possible redemption at September 30, 2020 and 2019, respectively.
[2]	Net loss per ordinary share - basic and diluted excludes interest income and unrealized gains attributable to shares subject to possible redemption of $11,999 and $284,145 for the three months ended September 30, 2020 and 2019, respectively (see Note 3).

Condensed Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash Flows from Operating Activities:
Net (loss) income	$ (349,176)	$ 194,172
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Interest earned on marketable securities held in Trust Account	(13,864)	(299,519)
Unrealized gain on marketable securities held in Trust Account		(12,454)
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	19,125	27,082
Accounts payable and accrued expenses	100,028	31,239
Net cash used in operating activities	(243,887)	(59,480)
Cash Flows from Investing Activities:
Cash withdrawn from Trust Account for redemption of common stock	5,282
Net cash provided by investing activities	5,282
Cash Flows from Financing Activities:
Proceeds from convertible promissory notes – related party	146,055	50,000
Redemption of common stock	(5,282)
Net cash provided by financing activities	140,773	50,000
Net Change in Cash	(97,832)	(9,480)
Cash - Beginning	107,663	16,181
Cash - Ending	9,831	6,701
Supplemental disclosure of noncash investing and financing activities:
Change in value of ordinary shares subject to possible redemption	$ 349,173	$ 194,167

Condensed Balance Sheets - USD ($)	Sep. 30, 2020	Jun. 30, 2020
Current Assets
Cash	$ 9,831	$ 107,663
Prepaid expenses and other current assets	24,125	43,250
Note receivable – related party	20,000	20,000
Total Current Assets	53,956	170,913
Marketable securities held in Trust Account	53,867,056	53,858,474
TOTAL ASSETS	53,921,012	54,029,387
Current Liabilities
Accounts payable and accrued expenses	293,349	193,321
Promissory notes – related party	1,473,649	1,327,594
Total Current Liabilities	1,766,998	1,520,915
Convertible promissory notes – related party	533,619	533,619
Total Liabilities	2,300,617	2,054,534
Commitments
Ordinary shares subject to possible redemption, 4,411,754 and 4,446,441 shares at redemption value as of September 30, 2020 and June 30, 2020, respectively	46,620,393	46,974,848
Shareholders’ Equity
Preference shares, no par value; 1,000,000 shares authorized; none issued and outstanding
Ordinary shares, no par value; 100,000,000 shares authorized; 2,148,997 and 2,114,810 shares issued and outstanding (excluding 4,411,754 and 4,446,441 shares subject to possible redemption) as of September 30, 2020 and June 30, 2020, respectively	4,730,845	4,381,672
Retained earnings	269,157	618,333
Total Shareholders’ Equity	5,000,002	5,000,005
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 53,921,012	$ 54,029,387