About company
They are a newly incorporated blank check company. While they may pursue an initial business combination with a company in any sector or geography, they intend to focus their search on domestically based businesses within the direct selling industry with enterprise values from $500 million to $2.0 billion. They intend to leverage the vast experience and one-of-kind relationships of their leadership team and expanded sponsor group to capitalize on what they believe to be significant market inefficiencies and growth opportunities within the direct selling industry. It is their belief that the domestic direct selling industry reached an inflection point in 2020 and is poised for additional growth over the near, mid and long-term. The direct selling industry is a forerunner of the “work from home” model and is an earlier version of the modern “gig economy”. They believe that the events of 2020 have either begun, or accelerated, a fundamental shift in in the dynamics of both the domestic and world-wide workforces. Large corporations such as Ford, Facebook, Infosys, Microsoft, Salesforce, Shopify, Siemens, Spotify, Square and Twitter, amongst many others, have recently announced plans to allow employees, who can, the ability to work from home indefinitely, at least part of the time. “Work from home” is becoming the new normal and any social stigma previously associated with the term may be gone forever.