They are a newly organized blank check company. To date, their efforts have been limited to organizational activities as well as activities related to this offering. They have not selected any potential 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. Vector Capital Management, L.P., a technology-focused private investment firm, referred to herein as Vector Capital or Vector, is their advisor and an affiliate of their sponsor, Vector Acquisition Partners II, L.P. They intend to capitalize on the ability of their management team and the broader Vector Capital platform to identify, acquire, and operate a business in the technology and technology-enabled services sectors that may provide opportunities for attractive long-term risk-adjusted returns, though they reserve the right to pursue an acquisition opportunity in any business or industry. They have generated no operating revenues to date and they do not expect that they will generate operating revenues until they consummate their initial business combination.