They are a blank check company. They may pursue a business combination opportunity in any business or industry they choose, although they currently intend to focus on target businesses in industries that their management team has significant experience with including, but not limited to, media, engineering construction, engineering services, facility management and services, food and beverages, semiconductor, aerospace, paper and pulp, logistics and distribution, IT services, software solutions, tourism, hospitality, aviation, retail, precious metals trading and services, oil and gas, environmental services, steel, household appliances, construction materials and shipping and cruise industries. In principle, they expect to exclude real estate and infrastructure related sectors. Springwater Capital LLC, an affiliate of one of their officers (“Springwater Capital”), was founded in 2002 by Martin Gruschka, who remains the CEO of the investment firm. Springwater Capital is a leading player in the special situations investment segment, with 50 acquisitions (including add-ons) consummated all over Europe during the last 18 years. They intend to identify and merge with a sizeable and well-positioned business with operational improvement potential at an undervalued price, aiming to generate significant returns for shareholders after the capitalization and normalization of the operation.