We intend to capitalize on the ability of our management team to identify and combine with a business or businesses that can benefit from our management team’s established global relationships and operating experience. Our management team has extensive experience in identifying and executing strategic investments globally and has done so successfully in a number of sectors, including media and entertainment.

The members of our management team, including Harry E. Sloan, our CEO and chairman, and Eli Baker, our president and CFO, have extensive experience with special-purpose acquisition companies and consummating business combinations.

In January 2020, Messrs. Sloan and Baker, and Jeff Sagansky, our founding investor, founded Flying Eagle Acquisition Corp., or Flying Eagle, which completed its IPO in March 2020 with proceeds of $690 million. In December 2020, Flying Eagle completed its initial business combination with Skillz Inc., a technology company that enables game developers to monetize their content through fun and fair multi-player competition, for an aggregate purchase price of approximately $3.5 billion.

In April 2019, Messrs. Baker and Sagansky founded Diamond Eagle Acquisition Corp., or Diamond Eagle, which  completed its IPO in May 2019 with proceeds of $400 million. In April 2020, Diamond Eagle completed its initial business combination with DraftKings, Inc., a digital sports entertainment and gaming company known for its industry-leading daily fantasy sports and mobile sports betting platforms, and SBTech (Global) Limited, an international turnkey provider of cutting-edge sports betting and gaming technologies, for an aggregate purchase price of approximately $2.7 billion.

(Note: Soaring Eagle Acquisition priced its SPAC IPO in line with the terms in its prospectus: 150 million units at $10 each to raise $1.5 billion.)