They are a newly incorporated blank check company. While they may pursue an initial business combination target in any business or industry, they intend to focus their search for targets in the Israeli technology industry, including those engaged in cybersecurity, automotive technology, fintech, enterprise software, cloud computing, semiconductors, medical technology, artificial intelligence ("AI") and robotics and that offer a differentiated technology platform and products. Their international management team is comprised of accomplished technology, finance, investment and merchant banking professionals with strong ties to the Israeli technology sector. Israel is one of the fastest-growing innovation and technology hubs in the world and has earned the moniker of "Start-up Nation" as a result of having the largest number of startups per capita in the world. Moreover, Israel is becoming a "Scale-up Nation" with a number of private companies with valuations at over a billion dollars (a "Unicorn") growing rapidly. Although they may pursue an initial business combination opportunity in any industry, sector or geography, they intend to leverage their intimate knowledge and network and focus on these innovative, high-growth Israeli technology companies seeking access to the capital markets.