We are a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, recapitalization or other similar business combination with one or more businesses. We have not identified any potential initial business combination target, but plan to capitalize on the significant experience, contacts and track record of acquisition and operational success of our management team in seeking to acquire and operate a business in the technology, media, telecommunications ("TMT") industries, though we may pursue any business, industry or geographic location. We intend to evaluate both private and public companies as potential targets. Following our initial business combination, our objective will be to implement or support the acquired company's operating strategies in order to generate additional value for stockholders. General goals may include additional acquisitions and operational improvements. Our Sponsor was founded by Dr. Avi Katz, our CEO and Chairman, who dedicated the last decade to developing and managing semiconductor integrated circuits producer GigPeak (NYSE: GIG) from inception in 2007 until its sale in 2017 to Integrated Device Technology for $250 million. GigPeak completed ten M&A deals in as many years with Dr. Katz at the helm. TMT IPOs have decreased from approximately 40 IPOs per year from 2010-2014 to approximately 20 IPOs per year from 2015-2016. With TMT IPOs on the decline, investors have instead sought liquidity through M&A.