They are a newly-organized, blank check company. Their sponsor is a wholly-owned subsidiary of The Production Board (TPB), a science-driven venture foundry and investment holding company with sustainability-focused portfolio companies that operate across the food, agriculture, biomanufacturing, and life sciences sectors. Through their sponsor, TPB will provide them with unique expertise in identifying high-potential businesses, attracting key talent, and differentiated access to a deep network of investors and entrepreneurs worldwide. They currently intend to consummate their initial business combination with an independent company in the sectors they operate, either as a standalone transaction or by combining with an independent company and TPB or one or more existing portfolio companies of TPB. They will not however complete an initial business combination with only TPB or a portfolio company of TPB. Founded by David Friedberg, TPB is a science-driven venture foundry and investment holding company, building and operating businesses that reimagine the large, inefficient systems of production that create the food, materials, and medicine humans consume.