They are a newly organized blank check company. They have not selected any business combination target and they have not, nor has anyone on their behalf, initiated any substantive discussions, directly or indirectly, with any potential business combination target regarding entering into a business combination with them. They will seek to capitalize on the nearly 100 years of combined investing and operating experience of their management team. They believe their management team is uniquely qualified to identify, acquire and operate businesses that can benefit from their industry, operating and investment experience, and the established relationships of their management team, Industry Advisors and board of directors to generate attractive risk-adjusted returns for their stockholders. While they may pursue an initial business combination target in any business, industry or geographical location, they intend to focus their search broadly within the consumer and distribution related and adjacent industries. Investment opportunities will be sourced through their proprietary and differentiated network and deep relationships with executives, advisors, and intermediaries built over decades of investing in and operating consumer and distribution businesses.