We are a blank check company formed under the laws of the State of Delaware on February 3, 2021. We were formed for the purpose of entering a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities, which we refer to as a “target business.” We may pursue a business combination opportunity in any business or industry we choose and intend to target businesses with enterprise values of approximately $250 million to $1.0 billion.
To date, our efforts have been limited to organizational activities as well as activities related to this offering. None of our officers, directors, promoters, and other affiliates has engaged in any substantive discussions on our behalf with representatives of other companies regarding the possibility of a potential business combination with us.
We intend to focus our search for an initial business combination on private companies involved in the Leisure Marine, Yachting and Superyachting industries that have either positive operating cash flow or compelling unit economics combined with a clear path to positive operating cash flow, tangible assets with significant barriers to entry, and experienced incentivized management teams.
Our selection process is expected to leverage a unique set of relationships by our Directors and Officers, with proven deal-sourcing capabilities to provide us with a strong pipeline of potential targets.
We are a blank check company formed under the laws of the State of Delaware on February 3, 2021. We were formed for the purpose of entering a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities, which we refer to as a “target business.” We may pursue a business combination opportunity in any business or industry we choose and intend to target businesses with enterprise values of approximately $250 million to $1.0 billion.
To date, our efforts have been limited to organizational activities as well as activities related to this offering. None of our officers, directors, promoters, and other affiliates has engaged in any substantive discussions on our behalf with representatives of other companies regarding the possibility of a potential business combination with us.
We intend to focus our search for an initial business combination on private companies involved in the Leisure Marine, Yachting and Superyachting industries that have either positive operating cash flow or compelling unit economics combined with a clear path to positive operating cash flow, tangible assets with significant barriers to entry, and experienced incentivized management teams.
Our selection process is expected to leverage a unique set of relationships by our Directors and Officers, with proven deal-sourcing capabilities to provide us with a strong pipeline of potential targets.
