We intend to initially focus on target businesses in the healthy living industries that benefit from strong Environmental, Social and Governance (“ESG”) profiles. We intend to identify and acquire a business that could benefit from a strategically experienced owner with extensive investment experience in the healthy consumer and smart cities sectors, and that presents potential for an attractive risk-adjusted return profile. Consumers are seeking healthier, cleaner, more sustainable products and ingredients in the U.S. and globally. 

Our sponsor, BWA Holdings LLC, is an entity owned by members of our management, and is affiliated with N*GEN. Rosemary L. Ripley, our CEO, and Peter S. H. Grubstein, our CFO, are experienced operating and investment professionals who have worked together at N*GEN since 2007. Founded in 2001, N*GEN has raised over $500 million in a number of venture capital investment vehicles that it currently manages.

(Note: The IPO was upsized when it was priced on Thursday night, Nov. 12: A total of 11 million units were sold, up from 10 million in the latest SEC filing, at $10 each to raise $110 million. Background: The size of this SPAC’s IPO was cut by 20 percent to 10 million units, down from 12.5 million units initially, in an SEC filing dated Nov. 9, 2020.)