We currently intend to concentrate our efforts on identifying businesses in the insurance-related technology sector, which we refer to in this prospectus as InsurTech. InsurTech businesses use technology to maximize savings and efficiency, launch growth opportunities and innovate new risk selection processes in the insurance industry. We also intend to concentrate our efforts more broadly on identifying businesses that provide insurance products and services in all sectors of the insurance industry, including carriers, managing general agents, claims administrators and brokers, where technology can be utilized to enhance the underlying business. 

Christopher Longo, one of our founders and our CEO, served as AmTrust’s chief information officer from 2006 to 2019 and as its COO from 2016 to 2019. Mr. Longo is responsible for developing or co-developing multiple unique proprietary software applications, all managed on a single operating platform and architecture. He created the AmTrust Innovation Lab, whose primary purpose was to take advantage of the growing InsurTech market. 

(Note: Pine Technology Acquisition Corp. priced its SPAC IPO on March 10, 2021, in sync with the terms in its prospectus: 30 million units at $10 each to raise $300 million.)