They are a newly organized blank check company incorporated as a Delaware corporation and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, which they refer to throughout this prospectus as their initial business combination. They have not selected any specific business combination target and they have not, nor has anyone on their behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. While they may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, they currently intend to concentrate their efforts in identifying high quality businesses that have recently undergone a restructuring. Their management team and Marblegate, an affiliate of their sponsor, have extensive experience investing in post-restructured companies. They believe that this experience makes them very well situated to identify, source, negotiate and execute a business combination at a favorable valuation with an attractive post-restructuring company. arblegate is an alternative investment firm founded in 2008 to capitalize on corporate restructuring opportunities. As of August 1, 2021 Marblegate managed approximately $2.3 billion across multiple funds, primarily for institutional clients such as pension funds, endowments, foundations, family offices, funds of funds and high net worth individuals.