Our business strategy is to identify and complete a business combination that creates substantial long-term value for our stockholders. We intend to concentrate our efforts on identifying companies that power transformation and provide disruptive technological innovation in a range of traditionally managed industries with particular emphasis on the financial and insurance service industries (“FinTech” & “InsurTech").
To date, we have not identified any potential business combination target and we have not, nor has anyone on our behalf, initiated any discussions, directly or indirectly, with any potential business combination target. Furthermore, we have not conducted any operations and have not generated any revenues to date, and we will not generate operating revenues until, at the earliest, after we consummate our initial business combination.
While we intend to concentrate our efforts on FinTech and InsurTech, there is no surety that we will be able to identify a suitable target company for our initial business combination in these industries, and hence we may execute our initial business combination with an entity outside these industries. We will seek target companies that demonstrate the characteristics set out below under “Acquisition Criteria”.
We believe our Investment Team’s operational, financial and transaction experience across economic cycles, along with our deep understanding of capital markets will allow us to effectively and efficiently identify and evaluate potential opportunities for our business combination. Our target selection process will leverage our network of industry, private equity, and credit relationships, as well as relationships with management of public and private companies, investment bankers, restructuring advisers, attorneys and accountants, which we believe should provide us with a number of business combination opportunities.