We intend to focus our search on undervalued businesses which have developed or possess disruptive technology. Among these businesses, we may look at companies engaged in 5G communications, robotics, blockchain and enterprise networking. We intend to focus on companies with an enterprise value between $200 million and $500 million.

Our sponsor is a wholly owned subsidiary of Ault Global (NYSE American: DPW). Ault Global owns interests in various subsidiaries and investments that are engaged in the defense-aerospace, industrial, automobile, telecommunications, medical-biopharma and textiles industries.

(Note: Ault Disruptive Technologies Corp. priced its SPAC IPO on Dec. 15, 2021, in line with the terms in its prospectus: 10 million units at $10 each to raise $100 million.)