(Note: TechStackery, Inc., withdrew its SPAC (blank-check) IPO in an SEC filing dated March 18, 2022. The company filed its S-1 in late April 2021, with plans for a $250 million IPO. The size was cut to $150 million in an S-1/A filing dated Aug. 24, 2022.)

We intend to focus on private companies distressed by the economic downturn caused by the COVID-19 pandemic that provide staffing solutions in North America to clients in the technology sector, who we believe will benefit from improved business economics provided by increased scale and integration with the human capital technology platform built by our sponsor’s corporate parent and its operating subsidiaries.

Our sponsor’s corporate parent, ShiftPixy, Inc. , is publicly traded on the Nasdaq Stock Market, LLC under the trading symbol “PIXY.” ShiftPixy’s market focus is to use a traditional staffing services business model, coupled with developed technology, to address underserved markets containing predominately lower wage employees with high turnover, including the technology, services, and food and hospitality markets. ShiftPixy has also begun to expand its services into other industries that utilize higher paid employees on a temporary or part-time basis, including the medical/nurse staffing industry. ShiftPixy provides human resources, employment compliance, insurance-related, payroll, and operational employment services solutions for its business clients (“clients” or “operators”) and shift work or “gig” opportunities for worksite employees (“WSEs” or “shifters”). As consideration for providing these services, ShiftPixy receives administrative or processing fees as a percentage of a client’s gross payroll, processes and files payroll taxes and payroll tax returns, provides workers’ compensation insurance related services, and provides employee benefits.