We are a blank check company
incorporated on June 18, 2020 as a Delaware corporation and formed for the purpose of effectuating a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout
this Annual Report on Form 10-K as our initial business combination. We intend to effectuate our initial business combination
using cash from the proceeds of our initial public offering (the IPO) and the private placement of the private warrants
(as defined below), the proceeds of the sale of our shares in connection with our initial business combination (pursuant to any forward
purchase agreements or backstop agreements we may enter into), shares issued to the owners of the target, debt issued to bank or other
lenders or the owners of the target, or a combination of the foregoing.
