They are a newly organized blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which they refer to throughout this prospectus as their initial business combination. To date, their efforts have been limited to organizational activities as well as activities related to this offering. 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 with respect to an initial business combination with them. They currently intend to concentrate their acquisition efforts on business merger targets within InsurTech (as defined below) and blockchain technology sectors where they believe their experience and access to public markets can be a catalyst for accelerating growth. They expect to place particular emphasis on regulated insurance or reinsurance companies, distributors or disruptive technology and insurance service providers that focus on specialty lines of business or that target product or customer niches where a differentiated service offering and the advent of new technologies have created, or are expected to create, a sustainable competitive advantage. Their acquisition strategy will seek to capitalize on the significant mergers and acquisitions and insurance expertise and relationships of their management and advisory team.