They are a blank check company incorporated as a Cayman Islands exempted company. They were formed for the purpose of entering into a merger, capital share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities, which they refer to as a “target business.” While they may pursue an initial business combination with any target business and in any sector or geographical location, they intend to focus their search on targets in energy transition technologies, such as battery materials, energy storage, EV infrastructure and advanced recycling in emerging/frontier countries including the CIS, South and South-East Asia and MENA regions. 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. They believe, companies operating across energy transition verticals in emerging/frontier economies encounter difficulties in accessing capital from traditional sources. They believe that they have the opportunity to create an attractive business combination that will enable a target company to access the capital markets, thereby providing it with a growth capital.