They are a blank check company, incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination, which they refer to as their “initial business combination,” with one or more businesses or entities, which they refer to throughout this prospectus as a “target business.” They may pursue a business combination opportunity in any business or industry they choose although they currently intend to focus on target businesses located in Israel, particularly those that conduct business internationally in Asia, Europe or North America. To date, their efforts have been limited to organizational activities as well as activities related to this offering. None of their officers, directors, promoters and other affiliates has engaged in any substantive discussions on their behalf with representatives of other companies regarding the possibility of a potential business combination with them. Their intended industries of focus include verticals where their management team’s partners have historically invested and collaborated successfully. In particular, their management team believes their past experiences in the areas of mobility and electric vehicles, autonomy and robotics and financial technology (fintech) will provide access to a significant number of potential business combination targets in these sectors.