They are a newly incorporated blank check company. While they may pursue an acquisition opportunity in any business, industry, sector or geographical location, they intend to focus on industries that complement their team’s background and capitalize on their team’s ability to source and acquire a business focused on media, technology or entertainment that will benefit from their expertise in developing and executing value creation plans in those areas, thereby positioning a target company for compounding growth over the long-term. Their sponsor, WCAC1 Sponsor LLC, is a Delaware limited liability company. Their sponsor is managed by Waverley. Waverley is a venture capital firm focused solely on the innovation and disruption occurring globally throughout the media and entertainment industries. Their management team will be led by Edgar Bronfman Jr., Daniel V. Leff, and Alan Henricks. Messrs. Bronfman and Leff will also serve as board members. Their management team will further be supported by their independent board members who bring extensive senior executive experience in the media sector.