They are a newly organized blank check company. While they may pursue a business combination opportunity in any industry, sector and geographic region, they intend to focus their search on companies with an enterprise value of $300 million to $1 billion that have unique propitiatory technologies and business models and are actively engaged in the Internet of Things (“IoT”) transformation in a variety of segments such as consumer, industrial, automotive, medical and others. Given the operational experience of their management team in the diversified and broad IoT technology sector, as well as track record of executing acquisitions in this space, they intend to capitalize on the ability of their team to identify, acquire and manage businesses in these sectors. They believe that as they are entering 2021 in a world impacted by the pandemic of 2020, there is a unique global opportunity in this space. Whether it’s business process automation, telehealth, industrial automation, logistical telematics, environmental monitoring, 5G adoption, remote work, education, sports & entertainment, health and leisure, autonomous transportation, touchless consumer experience or a number of other potent market driving forces, they are seeing IoT transformation at the center of this digital recovery.