We intend to focus our search for business combination targets in the Travel, Leisure & Hospitality industries, including technology and data companies operating in these industries, although we may pursue an acquisition in any business industry or sector, including, without limitation, real estate-related operating, technology and investment companies. We believe that our management team is well suited to identify, source, negotiate and execute an initial business combination with the ultimate goal of pursuing attractive risk-adjusted returns for our shareholders.

The Travel, Leisure & Hospitality industries, thriving prior to the COVID-19 pandemic, have been significantly disrupted on account of the pandemic and its associated impact on global travel. Government-imposed shutdowns of travel and associated businesses have created an adverse environment in the near term for the Travel, Leisure & Hospitality industries by significantly contracting revenues streams. As vaccines are distributed globally and government-imposed shutdowns are loosened, we believe this contraction will reverse and these industries will grow significantly, especially to service pent-up demand for the experiential components of travel. This growth in turn will create opportunity for value creation through a strategic business combination with a well-positioned target business primed to capture market share.

The essence of the Travel, Leisure & Hospitality industries is the desire for shared human experiences. Virtual mediums cannot adequately replicate the essence of these industries, creating a latent demand during the pandemic for the experiences these industries traditionally offer. We believe the Travel, Leisure & Hospitality industries are, therefore, well positioned to rebound from the COVID-19 pandemic induced contraction and we expect to target companies in this industry that will benefit from the value enhancement strategy we intend to implement through a business combination.