Calm Seas Acquisition

We are Calm Seas Acquisition Corp., a special purpose acquisition company incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to as our initial business combination. We have not selected any specific business combination target, and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us. Our purpose is to transact with a business that owns hard assets, an entrenched market position or other demonstrable private market value to address the supply-chain vulnerabilities affecting our target markets. We intend to act as a strategic bridge between private, often overlooked operating businesses and public capital, to enable capable management teams to accelerate their evolution into successful, publicly traded enterprises. We will seek to capitalize on the significant experience and vast network of our management team and Pilgrim Global to complete our initial business combination. Although we may pursue our initial business combination in any business, sector or geographic location, we currently intend to focus on opportunities that capitalize on the expertise and ability of our management team to identify, acquire and operate a business in oil and gas, offshore drilling, and maritime and shipping sectors.