We intend to focus our search on target businesses with enterprise values of approximately $750 million to $2.5 billion. 

Our sponsor is controlled by affiliates of Nicholas J. Singer, our chairman and CEO, and Purchase Capital LLC, an investment firm founded by Mr. Singer. Purchase Capital serves as Mr. Singer’s family office and sponsor to leading institutional investors and third-party family offices. Purchase Capital provides patient capital for private and public companies that have significant potential for long-term value creation.

A hallmark of Mr. Singer’s career has been his ability to source and structure Off-The-Run (“OTR”) transactions that have resulted is significant value creation for his investors. An OTR transaction is off-market, proprietary, and generated specifically by our management team.

(Note: The SPAC’s IPO was downsized at pricing – 10.0 million units, down from 11.5 million units in its Oct. 26 S-1/A filing. The units were priced at $10 each. This SPAC started trading Tuesday, Nov. 17, on the NASDAQ. The deal’s initial size was 25 million units.)