About company
They are a newly-organized blank check company. While they may pursue an initial business combination opportunity in any business, industry, sector or geographical location, they intend to focus on opportunities to acquire companies with innovative and emerging technologies, products or services that have the potential to transform major industries and radically impact society. They intend to acquire a target business or businesses with disruptive technologies that their management team believes can achieve mainstream adoption and create opportunities for long-term appreciation in value. Their sponsor is a wholly-owned subsidiary of Ault Global (NYSE American: DPW). Ault Global owns interests in various subsidiaries and investments that are engaged in the defense-aerospace, industrial, automobile, telecommunications, medical-biopharma and textiles industries. Their management team consists of experienced deal makers, operators and investors. They believe the reputations and experience of their officers and directors and their ability to leverage their sourcing, valuation, diligence and execution capabilities will provide them with a significant pipeline of opportunities from which to evaluate and select a business that will benefit from their expertise.