PETRA ACQUISITION, INC. INDEX TO FINANCIAL STATEMENT PAGE Report of Independent Registered Public Accounting Firm F-2 Balance Sheet F-3 Notes to Balance Sheet F-4 F- 1 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING F

PETRA ACQUISITION, INC.

INDEX TO FINANCIAL STATEMENT

REPORT OF INDEPENDENT REGISTERED PUBLIC

To the Shareholders and the Board of Directors of

Petra Acquisition, Inc.

Opinion on the Financial Statement

We have audited the accompanying balance

sheet of Petra Acquisition, Inc. (the "Company") as of October 13, 2020 and the related notes (collectively referred

to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects,

the financial position of the Company as of October 13, 2020, in conformity with accounting principles generally accepted in the

United States of America.

This financial statement is the responsibility

of the Company's management. Our responsibility is to express an opinion on the Company's financial statement based

on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB")

and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable

rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with

the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether

the financial statement is free of material misstatement, whether due to error or fraud. The Company is not required to have, nor

were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit we are required to

obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness

of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures

to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures

that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures

in the financial statement. Our audit also included evaluating the accounting principles used and significant estimates made by

management, as well as evaluating the overall presentation of the financial statement. We believe that our audit provides a reasonable

basis for our opinion.

We have served as the Company's auditor since 2019.

Newport Beach, California

PETRA ACQUISITION, INC.

(1) Includes up to 262,500 shares

subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters. See Note 6 for

cancellation of certain Founders Shares.

The accompanying footnotes are an integral

part of the financial statement.

PETRA ACQUISITION, INC.

NOTES TO FINANCIAL STATEMENT

Note 1 - Description of Organization

and Business Operations

Petra Acquisition, Inc. (the "Company"

or "Petra") was incorporated in Delaware on November 20, 2019. The Company was formed for the purpose of entering into

a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with

one or more businesses or entities (the "Business Combination"). The Company is not limited to a particular industry

or sector for purposes of consummating a Business Combination. The Company is an early stage and emerging growth company and, as

such, the Company is subject to all of the risks associated with early stage and emerging growth companies.

As of October 13, 2020, the Company had

not commenced any operations. All activity for the period from November 20, 2019 (Inception) through October 13, 2020 relates to

the Company's formation and the proposed initial public offering ("Initial Public Offering"), which is described

below. The Company will not generate any operating revenues until after the completion of a Business Combination, at the earliest.

The Company will generate non-operating income in the form of interest income from the proceeds derived from the Initial Public

Offering. The Company has selected December 31 as its fiscal year end.

The registration statement for the Company's

Initial Public Offering became effective on October 7, 2020. On October 13, 2020, the Company consummated the Initial Public Offering

of 7,000,000 units (the "Units" and, with respect to the shares of common stock included in the Units sold, the "Public

Shares") at $10.00 per Unit, generating gross proceeds of $70,000,000, which is described in Note 3.

Simultaneously with the closing of the

Initial Public Offering, the Company consummated the sale of 3,150,000 warrants (the "Private Placement Warrants")

at a price of $1.00 per Private Placement Warrant in a private placement to Petra Investment Holdings, LLC, a Delaware limited

liability company (the "Sponsor"), generating gross proceeds of $3,150,000, which is described in Note 6.

Transaction costs amounted to $4,540,717,

consisting of $4,200,000 of underwriting discounts ($2,800,000 of which payment is deferred) and $340,717 of professional fees,

printing, filing, regulatory and other costs which have been charged to additional paid in capital upon completion of the Initial

Following the closing of the Initial Public

Offering on October 13, 2020, an amount of $70,700,000 ($10.00 per Unit, plus $700,000 trust deposit premium) from the net proceeds

of the sale of the Units in the Initial Public Offering and the sale of the Private Placement Warrants was placed in a trust account

(the "Trust Account") which will be invested in U.S. government securities, within the meaning set forth in Section

2(a)(16) of the Investment Company Act, with a maturity of 185 days or less or in any open-ended investment company that holds

itself out as a money market fund selected by the Company meeting the conditions of Rule 2a-7 of the Investment Company Act of

1940, as amended (the "Investment Company Act"), as determined by the Company, until the earlier of: (i) the consummation

of a Business Combination and (ii) the distribution of the funds in the Trust Account, as described below.

The Company's management has broad

discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of the private

warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination.

There is no assurance that the Company will be able to complete a Business Combination successfully. The Company must complete

a Business Combination having an aggregate fair market value of at least 80% of the assets held in the Trust Account (as defined

below) (excluding taxes payable on income earned on the Trust Account) at the time of the agreement to enter into an initial Business

Combination. The Company will only complete a Business Combination if the post-transaction company owns or acquires 50% or more

of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it

not to be required to register as an investment company under the Investment Company Act 1940, as amended (the "Investment

Company Act"). Upon the closing of the Initial Public Offering, our sponsor has agreed that an amount equal to at least $10.10

per Unit sold in the Initial Public Offering, including the proceeds from the sale of the private warrants, will be held in a trust

account ("Trust Account"), located in the United States and invested only in U.S. government securities, within the

meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less or in any open-ended investment

company that holds itself out as a money market fund selected by the Company meeting the conditions of Rule 2a-7 of the Investment

Company Act, as determined by the Company, until the earlier of: (i) the completion of a Business Combination and (ii) the distribution

of the Trust Account, as described below.

The Company will provide its holders of

the outstanding Public Shares (the "Public Stockholders") with the opportunity to redeem all or a portion of their

Public Shares upon the completion of a Business Combination either (i) in connection with a stockholder meeting called to approve

the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek stockholder approval

of a Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The Public Stockholders

will be entitled to redeem their Public Shares for a pro rata portion of the amount then in the Trust Account (initially anticipated

to be $10.10 per Public Share, plus any pro rata interest earned on the funds held in the Trust Account and not previously released

to the Company to pay its franchise and income tax obligations and up to $250,000 per 12-month period for working capital requirements).

There will be no redemption rights upon the completion of a Business Combination with respect to the Company's warrants.

The Company will proceed with a Business

Combination if the Company has net tangible assets of at least $5,000,001 upon such consummation of a Business Combination and,