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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> <B>As filed with the Securities and
Exchange Commission on September 8, 2020.</B> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Registration No. 333-</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>___________________________<BR>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM S-1<BR>
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 16pt"><B>Recharge
Acquisition Corp.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>(Exact name of registrant as specified
in its charter)</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>___________________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="border-top: Black 1pt solid; width: 32%; border-bottom: Black 1pt solid; padding-right: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Delaware</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 2%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; width: 32%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>6770</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 2%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; width: 32%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>85-1873676</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(State or other jurisdiction
    of<BR>
    incorporation or organization)</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Primary Standard
    Industrial <BR>
    Classification Code Number)</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(I.R.S. Employer<BR>
    Identification Number)</FONT></TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>1900 Main Street, Suite 201<BR>
Sarasota, Florida 34236<BR>
(937) 610-4057</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address, Including Zip Code, and Telephone
Number, Including Area Code, of Registrant&#8217;s Principal Executive Offices)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Anthony Kenney<BR>
Chief Executive Officer</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>c/o Recharge Acquisition Corp.<BR>
1900 Main Street, Suite 201<BR>
Sarasota, Florida 34236<BR>
(937) 610-4057</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Name, Address, Including Zip Code, and
Telephone Number, Including Area Code, of Agent For Service)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>__________________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>Copies to:</I></B></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 49%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> <B>Douglas
S. Ellenoff, Esq.<BR>
Stuart Neuhauser, Esq.<BR>
Ellenoff Grossman &amp; Schole LLP<BR>
1345 Avenue of the Americas,<BR>
New York, New York 10105<BR>
(212) 370-1300</B> </P></TD>
    <TD STYLE="white-space: nowrap; width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 49%; padding-bottom: 2.25pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Alan I. Annex</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Jason T. Simon</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Greenberg Traurig, LLP</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>1750 Tysons Blvd., Suite 1000</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>McLean, Virginia 22102</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(703) 749-1300</B></P></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>__________________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Approximate date of commencement of proposed sale to the
public:&nbsp;</B>As soon as practicable after the effective date of this registration statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under
the Securities Act of 1933 check the following box.&nbsp;</FONT><FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please
check the following box and list the Securities Act registration statement number of the earlier effective registration statement
for the same offering.&nbsp;</FONT><FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
this Form is a post-effective&nbsp;amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and
list the Securities Act registration statement number of the earlier effective registration statement for the same offering.&nbsp;</FONT><FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
this Form is a post-effective&nbsp;amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and
list the Securities Act registration statement number of the earlier effective registration statement for the same offering.&nbsp;</FONT><FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0">Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated&nbsp;filer, a smaller reporting company, or an emerging
growth company. See the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller
reporting company&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2&nbsp;of the Exchange Act. (Check one):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 90%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 22%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Large accelerated filer</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 29%">&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 26%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accelerated filer</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 20%">&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-accelerated&nbsp;filer</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;<FONT STYLE="font-family: Wingdings">&#120;</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Smaller reporting company</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;<FONT STYLE="font-family: Wingdings">&#120;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Emerging growth company</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;<FONT STYLE="font-family: Wingdings">&#120;</FONT></TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.&nbsp;</FONT><FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CALCULATION OF REGISTRATION FEE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif">Title of Each Class of Security
    Being Registered</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Amount&nbsp;Being&nbsp;<BR>
    Registered</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Proposed<BR>
    Maximum<BR> Offering Price<BR> per Security<SUP>(1)</SUP></B></FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Proposed<BR>
    Maximum<BR> Aggregate<BR> Offering Price<SUP>(1)</SUP></B></FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Amount
    of<BR> Registration<BR> Fee</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 51%; text-align: left; text-indent: -10pt; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Units,
    each consisting of one share of Class&nbsp;A common stock, $0.0001 par value, and one-half of one redeemable warrant<SUP>(2)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 15%; text-align: center">23,000,000 Units</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 8%; text-align: right">10.00</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 8%; text-align: right">230,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 8%; text-align: right">29,854</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shares
    of Class A common stock included as part of the units<SUP>(3)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">23,000,000 Shares</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><SUP>(4)</SUP></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Redeemable
    warrants included as part of the units<SUP>(3)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt">11,500,000 Warrants</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><SUP>(4)</SUP></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Total</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">230,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">29,854</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 4%; text-align: left"><FONT STYLE="font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: left; width: 96%"><FONT STYLE="font-size: 10pt">Estimated
                                         solely for the purpose of calculating the registration fee.</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0%"></TD><TD STYLE="width: 4%; text-align: left"><FONT STYLE="font-size: 10pt">(2)</FONT></TD><TD STYLE="text-align: left; width: 96%"><FONT STYLE="font-size: 10pt">Includes
                                         3,000,000 units, consisting of 3,000,000&nbsp;shares of Class A common stock and 1,500,000
                                         redeemable warrants, which may be issued upon exercise of a 45-day&nbsp;option granted
                                         to the underwriters to cover over-allotments, if any.</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0%"></TD><TD STYLE="width: 4%; text-align: left"><FONT STYLE="font-size: 10pt">(3)</FONT></TD><TD STYLE="text-align: left; width: 96%"><FONT STYLE="font-size: 10pt">Pursuant
                                         to Rule 416 under the Securities Act, there are also being registered an indeterminable
                                         number of additional securities as may be issued to prevent dilution resulting from stock
                                         splits, stock dividends or similar transactions.</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0%"></TD><TD STYLE="width: 4%; text-align: left"><FONT STYLE="font-size: 10pt">(4)</FONT></TD><TD STYLE="text-align: left; width: 96%"><FONT STYLE="font-size: 10pt">No
                                         fee pursuant to Rule 457(g) under the Securities Act.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>The Registrant hereby amends this Registration Statement
on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which
specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the
Securities Act of 1933 or until the Registration Statement shall become effective on such date as the Securities and Exchange
Commission, acting pursuant to said Section 8(a), may determine.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>






<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #EB0029"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #EB0029"></P>

<!-- Field: Page; Sequence: 1 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #EB0029">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #EB0029">The information in this prospectus is not complete
and may be changed. We may not sell these securities until the registration statement filed with the U.S. Securities and Exchange
Commission is effective. This&nbsp;prospectus is not an offer to sell these securities and it is not soliciting an offer to buy
these securities in any jurisdiction where the offer or sale is not permitted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #EB0029">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 100%; text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #EB0029">SUBJECT
    TO COMPLETION, DATED&nbsp;SEPTEMBER 8,&nbsp;2020</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PRELIMINARY PROSPECTUS</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>$200,000,000</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Recharge Acquisition
    Corp.</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 8pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>20,000,000
    Units</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Recharge Acquisition Corp. is a blank check company whose business
purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination
with one or more businesses, which we refer to herein as our initial business combination. We have not selected any specific business
combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly,
with any business combination target with respect to an initial business combination with us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This is an initial public offering of our securities. Each
unit has an offering price of $10.00 and consists of one share of our Class A common stock and one-half&nbsp;of one redeemable
warrant. Each whole warrant entitles the holder thereof to purchase one share of our Class A common stock at a price of $11.50
per share, subject to adjustment as described herein. Only whole warrants are exercisable. No fractional warrants will be issued
upon separation of the units and only whole warrants will trade. The warrants will become exercisable on the later of 30 days
after the completion of our initial business combination and 12&nbsp;months from the closing of this offering, and will expire
five years after the completion of our initial business combination or earlier upon redemption or our liquidation, as described
in this prospectus. The underwriters have a 45-day&nbsp;option from the date of this prospectus to purchase up to an additional
3,000,000 units to cover over-allotments, if any. We will provide our public stockholders with the opportunity to redeem all or
a portion of their shares of our Class A common stock, or public shares, upon the completion of our initial business combination,
at a per-share&nbsp;price, payable in cash, equal to the aggregate amount then on deposit in the trust account described below
as of two business days prior to the consummation of our initial business combination, including interest earned on the funds
held in the trust account and not previously released to us to pay our taxes, divided by the number of then outstanding public
shares, subject to the limitations and on the conditions described herein. If we are unable to complete our initial business combination
within 24&nbsp;months from the closing of this offering, we will redeem 100% of the public shares at a per-share&nbsp;price, payable
in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the
trust account and not previously released to us to pay our taxes (less up to $100,000 of interest to pay dissolution expenses),
divided by the number of then outstanding public shares, subject to applicable law and certain conditions as further described
herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our sponsor, SKG Sponsor LLC, has agreed to purchase an aggregate
of 5,750,000 warrants (or 6,350,000 warrants if the over-allotment&nbsp;option is exercised in full) at a price of $1.00 per warrant
($5,750,000 in the aggregate, or $6,350,000 if the over-allotment&nbsp;option is exercised in full), each exercisable to purchase
one share of our Class A common stock at a price of $11.50 per share, in a private placement that will close simultaneously with
the closing of this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our initial stockholders own an aggregate of&nbsp;5,750,000&nbsp;shares
of our Class B common stock (up to 750,000&nbsp;shares of which are subject to forfeiture depending on the extent to which the
underwriters&#8217; over-allotment&nbsp;option is exercised), which will automatically convert into shares of Class A common stock
at the time of our initial business combination, subject to adjustment pursuant to certain anti-dilution&nbsp;rights, as described
herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> Currently, there is no public market for our units, Class
A common stock or warrants. We have applied to list our units on the Nasdaq Capital Stock Market, or Nasdaq, under the symbol
 &ldquo;RCHGU&rdquo;. We expect that our units will be listed on Nasdaq on or promptly after the date of this prospectus. We cannot
guarantee that our securities will be approved for listing on Nasdaq. We expect the Class A common stock and warrants comprising
the units will begin separate trading on the 52<SUP>nd</SUP>&nbsp;day following the date of this prospectus unless Raymond James
 &amp; Associates, Inc. and EarlyBirdCapital, Inc., the representatives of the underwriters, inform us of their decision to allow
earlier separate trading, subject to our satisfaction of certain conditions as described further herein. Once the securities comprising
the units begin separate trading, we expect that the Class A common stock and warrants will be listed on Nasdaq under the symbols
 &ldquo;RCHG&rdquo; and &ldquo;RCHGW,&rdquo; respectively. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>We are an &#8220;emerging growth company&#8221; under applicable
federal securities laws and will be subject to reduced public company reporting requirements. Investing in our securities involves
a high degree of risk. See &#8220;Risk Factors&#8221; beginning on page 27 for a discussion of information that should be considered
in connection with an investment in our securities. Investors will not be entitled to protections normally afforded to investors
in Rule 419 blank check offerings.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="border-bottom: Black 1pt solid; text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Neither the
U.S. Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or
determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">PER
    UNIT</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">TOTAL</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 74%; text-indent: -10pt; padding-left: 10pt">Public offering price</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">10.00</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">200,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Underwriting
    discounts and commissions&nbsp;<SUP>(1)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">0.55</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">11,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Proceeds, before
    expenses, to Recharge Acquisition Corp.</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">9.45</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">189,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 4pt; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 4pt; white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 4pt; width: 94%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$0.20
    per unit, or $4,000,000 in the aggregate (or $4,600,000 if the underwriters&#8217; over-allotment&nbsp;option is exercised
    in full), is payable upon the closing of this offering. Includes $0.35 per unit, or $7,000,000&nbsp;(or up to $8,050,000 if
    the underwriters&#8217; over-allotment&nbsp;option is exercised in full) in the aggregate payable to the underwriters for
    deferred underwriting commissions to be placed in a trust account located in the United States as described herein. The deferred
    commissions will be released to the underwriters only on completion of an initial business combination, as described in this
    prospectus. See the section of this prospectus entitled &#8220;Underwriting&#8221; beginning on page 127 for a description
    of compensation and other items of value payable to the underwriters.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Of the proceeds we receive from this offering and the sale
of the private placement warrants described in this prospectus, $200.0&nbsp;million or $230.0&nbsp;million if the underwriters&#8217;
over-allotment&nbsp;option is exercised in full ($10.00 per unit in either case) will be deposited into a trust account in the
United States at J.P. Morgan Chase Bank, N.A., with Continental Stock Transfer &amp; Trust Company acting as trustee, and $1.75&nbsp;million
will be available to pay fees and expenses in connection with the closing of this offering and for working capital following the
closing of this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0">The underwriters are offering the units for
sale on a firm commitment basis. The underwriters expect to deliver the units to the purchasers on or about &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
2020<FONT STYLE="font-size: 10pt">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><I>Joint
Book-Running&nbsp;Managers</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; width: 51%; text-align: left"><FONT STYLE="font-size: 16pt; text-transform: uppercase">Raymond
    James</FONT></TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; width: 49%"><FONT STYLE="font-size: 14pt; text-transform: uppercase">EarlyBirdCapital</FONT></TD></TR>
</TABLE>


<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
2020</FONT></P>






<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TABLE OF CONTENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="width: 94%; padding-left: 10pt; text-indent: -10pt"><A HREF="#b_001"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SUMMARY</FONT></A></TD>
    <TD STYLE="width: 6%; text-align: right"><A HREF="#b_001"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1</FONT></A></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><A HREF="#x_001"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">RISK
    FACTORS</FONT></A></TD>
    <TD STYLE="padding-left: 10pt; text-align: right; text-indent: -10pt"><A HREF="#x_001">27</A></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><A HREF="#x_002"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CAUTIONARY
    NOTE REGARDING FORWARD-LOOKING STATEMENTS</FONT></A></TD>
    <TD STYLE="padding-left: 10pt; text-align: right; text-indent: -10pt"><A HREF="#x_002">56</A></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><A HREF="#x_003"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">USE
    OF PROCEEDS</FONT></A></TD>
    <TD STYLE="padding-left: 10pt; text-align: right; text-indent: -10pt"><A HREF="#x_003">57</A></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><A HREF="#x_004"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DIVIDEND
    POLICY</FONT></A></TD>
    <TD STYLE="padding-left: 10pt; text-align: right; text-indent: -10pt"><A HREF="#x_004">60</A></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><A HREF="#x_005"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DILUTION</FONT></A></TD>
    <TD STYLE="padding-left: 10pt; text-align: right; text-indent: -10pt"><A HREF="#x_005">61</A></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><A HREF="#x_006"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CAPITALIZATION</FONT></A></TD>
    <TD STYLE="padding-left: 10pt; text-align: right; text-indent: -10pt"><A HREF="#x_006">63</A></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><A HREF="#x_007"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MANAGEMENT&#8217;S
    DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.</FONT></A></TD>
    <TD STYLE="padding-left: 10pt; text-align: right; text-indent: -10pt"><A HREF="#x_007">64</A></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><A HREF="#x_008"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PROPOSED
    BUSINESS</FONT></A></TD>
    <TD STYLE="padding-left: 10pt; text-align: right; text-indent: -10pt"><A HREF="#x_008">69</A></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><A HREF="#x_009"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MANAGEMENT</FONT></A></TD>
    <TD STYLE="padding-left: 10pt; text-align: right; text-indent: -10pt"><A HREF="#x_009">94</A></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><A HREF="#x_010"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PRINCIPAL
    STOCKHOLDERS</FONT></A></TD>
    <TD STYLE="padding-left: 10pt; text-align: right; text-indent: -10pt"><A HREF="#x_010">103</A></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><A HREF="#x_011"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CERTAIN
    RELATIONSHIPS AND RELATED PARTY TRANSACTIONS</FONT></A></TD>
    <TD STYLE="padding-left: 10pt; text-align: right; text-indent: -10pt"><A HREF="#x_011">106</A></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><A HREF="#x_012"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DESCRIPTION
    OF SECURITIES</FONT></A></TD>
    <TD STYLE="padding-left: 10pt; text-align: right; text-indent: -10pt"><A HREF="#x_012">107</A></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><A HREF="#x_013"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">U.S.
    FEDERAL INCOME TAX CONSIDERATIONS</FONT></A></TD>
    <TD STYLE="padding-left: 10pt; text-align: right; text-indent: -10pt"><A HREF="#x_013">120</A></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><A HREF="#x_014"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">UNDERWRITING</FONT></A></TD>
    <TD STYLE="padding-left: 10pt; text-align: right; text-indent: -10pt"><A HREF="#x_014">127</A></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><A HREF="#x_015"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LEGAL
    MATTERS</FONT></A></TD>
    <TD STYLE="padding-left: 10pt; text-align: right; text-indent: -10pt"><A HREF="#x_015">135</A></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><A HREF="#x_016"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">EXPERTS</FONT></A></TD>
    <TD STYLE="padding-left: 10pt; text-align: right; text-indent: -10pt"><A HREF="#x_016">135</A></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><A HREF="#x_017"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHERE
    YOU CAN FIND ADDITIONAL INFORMATION</FONT></A></TD>
    <TD STYLE="padding-left: 10pt; text-align: right; text-indent: -10pt"><A HREF="#x_017">135</A></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><A HREF="#F-1"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">INDEX
    TO FINANCIAL STATEMENTS</FONT></A></TD>
    <TD STYLE="text-align: right"><A HREF="#F-1">F-1</A></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>We are responsible for the information contained in this
prospectus. We have not, and the underwriters have not, authorized anyone to provide you with different information, and neither
we nor the underwriters take responsibility for any other information others may give to you. We are not, and the underwriters
are not, making an offer to sell securities in any jurisdiction where the offer or sale is not permitted. You should not assume
that the information contained in this prospectus is accurate as of any date other than the date on the front of this prospectus.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="b_001"></A><B>SUMMARY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0">This summary only highlights the more detailed
information appearing elsewhere in this prospectus. You should read this entire prospectus carefully, including the information
under the section of this prospectus entitled &#8220;Risk Factors&#8221; and our financial statements and the related notes included
elsewhere in this prospectus, before investing. Unless otherwise stated in this prospectus, or the context otherwise requires,
references to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8220;common
stock&#8221; are to our Class A common stock and our Class B common stock, collectively;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8220;founder
shares&#8221; are to shares of our Class B common stock held by our initial stockholders prior to this offering, and the shares
of our Class A common stock issued upon the conversion thereof as provided herein;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8220;initial
stockholders&#8221; are to our sponsor and any other holders of our founder shares prior to this offering&nbsp;(or their permitted
transferees);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8220;management&#8221;
or our &#8220;management team&#8221; are to our officers and directors;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8220;private
placement warrants&#8221; are to the warrants issued to our sponsor in a private placement simultaneously with the closing of
this offering;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8220;public
shares&#8221; are to shares of our Class A common stock sold as part of the units in this offering (whether they are purchased
in this offering or thereafter in the open market);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8220;public
stockholders&#8221; are to the holders of our public shares, including our initial stockholders and members&nbsp;of our management
team to the extent our initial stockholders and/or members of our management team purchase public shares; provided that each initial
stockholder&#8217;s and member of our management team&#8217;s status as a &#8220;public stockholder&#8221; shall only exist with
respect to such public shares;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8220;public
warrants&#8221; are to our redeemable warrants sold as part of the units in this offering (whether they are purchased in this
offering or thereafter in the open market), to the private placement warrants if held by third parties other than our sponsor
(or permitted transferees), and to any private placement warrants issued upon conversion of working capital loans that are sold
to third parties that are not initial purchasers of our private placement warrants or executive officers or directors (or permitted
transferees);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8220;sponsor&#8221;<I>&nbsp;</I>are
to SKG Sponsor LLC, a Delaware limited liability company; Mr. Soin, our Chairman, is the managing member of our sponsor;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8220;trust
account&#8221; are to the trust account in the United States at J.P. Morgan Chase Bank, N.A., with Continental Stock Transfer
 &amp; Trust Company acting as trustee, into which we will deposit certain proceeds from this offering and the sale of the private
placement warrants;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8220;warrants&#8221;
are to our redeemable warrants, which includes the public warrants as well as the private placement warrants to the extent they
are no longer held by the initial purchaser of the private placement warrants or its permitted transferees; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8220;we,&#8221;
 &#8220;us,&#8221; &#8220;Company&#8221; or &#8220;our company&#8221; are to Recharge Acquisition Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Unless we tell you otherwise, the information in this prospectus
assumes that the underwriters will not exercise their over-allotment&nbsp;option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>General</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are a blank check company whose business purpose is to effect
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 prospectus 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will seek to capitalize on the decades of experience and
relationships of our management team, including Anthony Kenney, our Chief Executive Officer and director nominee. Mr. Kenney previously
worked for Marathon Petroleum Corporation (NYSE: MPC) (&ldquo;MPC&rdquo;) for the past 43 years and recently retired as President
of its Speedway division, which he led since 2005. Under his leadership, Speedway became the second largest company-owned and
operated convenience and fuel store chain in the United States with over $20 billion in revenue and 35,000 employees. Mr. Kenney
led a significant increase in the scale and scope of the business through acquisitions, and ultimately increased store count from
approximately 1,600 in 2005 to 3,923 locations nationwide in 2019. Moreover, he is recognized as having been instrumental in developing
Speedway&rsquo;s Loyalty Program.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We also seek to capitalize on the experience of Michael Gearhardt,
our Chief Financial Officer, who has significant public company management experience having served as Executive Vice President,
Chief Financial Officer of MTC Technologies, Inc. (NASDAQ: MTCT) (&ldquo;MTCT&rdquo;). During his time with MTCT, he oversaw the
completion of acquisitions and capital markets transactions and ultimately led the $450 million sale of the company to BAE Systems.
Prior to MTCT, Mr. Gearhardt worked for two decades in management and finance capacities with Mark IV Industries/Dayco Products
(NYSE &ndash; IV); during which time he was appointed to Executive Vice President, Industrial Operations and participated in a
number of acquisitions and dispositions including the $2.0 billion sale of the company. Mr. Gearhardt also has invested in and
sold several manufacturing businesses and is a Certified Public Accountant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Management also expects to greatly benefit from the depth of
experience and relationships of our Board Members:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Rajesh Soin, our Chairman, previously founded MTCT and served
as Chairman and Chief Executive Officer for approximately 18 years until its initial public offering in 2002, when he became Chairman.
MTCT was sold to BAE Systems Inc. in 2008 for approximately $450 million. Mr. Soin is an entrepreneur with significant public
company management experience and broad relationships. He presently invests through the Soin Family office and serves on the board
of Kayne Anderson Real Estate Partners as well as Transtar Industries, which manufactures and distributes automotive original
equipment and aftermarket products. Mr. Soin previously served on the board of Diebold Nixdorf, Incorporated (NYSE: DBD) where
he was on the Governance and Compensation committees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mitchell Steenrod, our director nominee, is the retired Senior
Vice President and Chief Financial Officer of Pilot Travel Centers LLC (doing business as &ldquo;Pilot Flying J&rdquo;), the nation&rsquo;s
largest operator of travel centers. Mr. Steenrod joined the board of CarMax, Inc. (NYSE: KMX) in 2011 and currently serves as
the Lead Independent Director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Donald Graber, our director nominee, previously served on the
board of Precision Castparts Corporation (&ldquo;PCC&rdquo;) starting in 1995, was lead director for three years, chaired the
Nominating &amp; Governance Committee and was on the Compensation Committee. PCC was ultimately sold to Berkshire Hathaway for
approximately $37 billion. Mr. Graber also previously served on the board of MTCT alongside Mr. Soin and was on the boards of
Amcast Industrial Corporation and Huffy Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">John Bachman, our director nominee, previously had a long-standing
career at PricewaterhouseCoopers (&ldquo;PwC&rdquo;) and was named U.S. Strategy Leader in 2004, when he created the first strategic
planning process using a multi-faceted approach across the matrix organization focusing on business units, geographies, and industries.
In 2007, he was elevated to Chief Operating Officer of the assurance practice in the United States, which represented over 50%
of PwC&rsquo;s revenue. Mr. Bachman serves on the board of The Children&rsquo;s Place, Inc. (NASDAQ: PLCE), WEX Inc. (NYSE: WEX)
and Grocery Outlet Holding Corp. (NASDAQ: GO), each of which is a public company. He chairs the Audit Committee of both The Children's
Place and Grocery Outlet Holding Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The past performance of our management team, or their respective
affiliates, is not a guarantee either (i) of success with respect to any business combination we may consummate or (ii) that we
will be able to identify a suitable candidate for our initial business combination. No member of our management team has been
an officer or director of a special purpose acquisition corporation in the past. You should not rely on the historical record
of our management team&#8217;s or their respective affiliates&#8217; performance as indicative of our future performance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our officers and directors may become an officer or director
of any another special purpose acquisition company with a class of securities intended to be registered under the Securities Exchange
Act of 1934, as amended, or the Exchange Act, prior to the completion of our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Business Strategy</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Our business strategy is to identify and
complete our initial business combination with a company that complements the experience of our management team and can benefit
from their operational, marketing and finance expertise. Our selection process will leverage Mr. Kenney&#8217;s broad and deep
relationship network, unique industry experience and deal sourcing capabilities to access a wide spectrum of opportunities. This
network has been developed over the past 20 years in executive positions at MPC and while managing Speedway to industry leading
success. We believe that our management team will identify a business combination that will benefit from their experience, including:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Long
                                         history of sourcing, structuring, acquiring, operating, developing, growing and financing
                                         businesses;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Significant
                                         integration experience implementing new technologies and systems to drive value and standardization;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Strong
                                         marketing and capital allocation decision-making to establish and maintain premium brand;
                                         and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Sound
                                         understanding of public company performance requirements and ability to guide private-to-public
                                         process.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Upon completion of this offering, our management
team will access their network of relationships to articulate the parameters for our search for a target company and begin the
process of reviewing and pursuing potential business combinations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Acquisition Criteria</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Our acquisition strategy will leverage Mr.&nbsp;Kenney&#8217;s
network of long-standing relationships and industry contacts as well as inbound opportunities to source a business combination.
Consistent with our business strategy, we have identified the following general criteria and guidelines that we believe are important
in evaluating prospective target businesses. We will use these criteria and guidelines in evaluating acquisition opportunities,
but we may decide to enter into our initial business combination with a target business that does not meet these criteria and
guidelines. We intend to identify and acquire one or more businesses that we believe exhibit a number of the following attributes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Well
                                         established market presence with recognizable brand and reputation for quality service;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Platform
                                         with sufficient scale and geographic concentration from which to expand through acquisitions;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Generates
                                         stable free cash flow or has the potential to do so near term;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Generates
                                         returns well in excess of the cost of capital;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Easily
                                         identified cost savings that can be realized near term;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Modest
                                         capital requirements to refurbish locations to quality standards;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Can
                                         benefit from new technologies and systems to meaningfully enhance financial performance;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Quality
                                         management and personnel with ability to contribute to growth strategy; and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Would
                                         benefit from being publicly traded and having access to incremental growth capital.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If the business we seek to acquire is
directly in the retail convenience store channel, we will seek the following attributes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Possesses
                                         a preponderance of convenience and fuel store locations that are well situated and in
                                         good condition; and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Portfolio
                                         of stores with sufficient scale to expand product offerings and maximize gross profit.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">These criteria and guidelines are not intended
to be exhaustive. Any evaluation relating to the merits of a particular initial business combination may be based, to the extent
relevant, on these general criteria and guidelines as well as other considerations, factors, criteria and guidelines that our
management may deem relevant. In addition to any potential business candidates we may identify on our own, we anticipate that
other target business candidates will be brought to our attention from various unaffiliated sources, including investment market
participants, private equity funds and large business enterprises seeking to divest non - core assets or divisions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Acquisition Process</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In evaluating a prospective target business,
we expect to conduct an extensive due diligence review which may encompass, as applicable and among other things, meetings with
incumbent management and employees, document reviews, interviews of customers and suppliers, inspection of facilities and a review
of financial and other information about the target and its industry. We will also utilize our management team&#8217;s operational
and capital planning experience.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are not prohibited from pursuing an initial business combination
with an initial business combination target that is affiliated with our sponsor, officers or directors or making the initial business
combination through a joint venture or other form of shared ownership with our sponsor, officers or directors. In the event we
seek to complete our initial business combination with an initial business combination target that is affiliated with our sponsor,
officers or directors, we, or a committee of independent directors, would obtain an opinion from an independent investment banking
firm or another independent entity that commonly renders valuation opinions that such an initial business combination is fair
to our company from a financial point of view.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Each of our directors and officers will,
directly or indirectly, own founder shares and/or private placement warrants following this offering and, accordingly, may have
a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate
our initial business combination. Further, such officers and directors may have a conflict of interest with respect to evaluating
a particular business combination if the retention or resignation of any such officers and directors was included by a target
business as a condition to any agreement with respect to our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Certain of our directors and officers currently have, and any
of them in the future may have additional, fiduciary or contractual obligations to another entity pursuant to which such officer
or director is or will be required to present a business combination opportunity to such entity subject to his or her fiduciary
duties. If any of our directors or officers becomes aware of a business combination opportunity that falls within the line of
business of any entity to which he or she has then-existing&nbsp;fiduciary or contractual obligations, he or she may be required
to present such business combination opportunity to such entity prior to presenting such business combination opportunity to us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">No members of our management team have any obligation to present
us with any opportunity for a potential business combination of which they become aware, unless presented to such member specifically
in his or her capacity as an officer or a director of the company. Members of our management team may be required to present potential
business combinations to other entities to whom they have fiduciary duties before they present such opportunities to us. Any knowledge
or presentation of such opportunities may therefore present conflicts of interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Initial Business Combination</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">In accordance with the rules of Nasdaq, our
initial business combination must occur with one or more target businesses that together have an aggregate fair market value of
at least 80% of the value of the assets held in the trust account (net of amounts disbursed to management for working capital
purposes, if any, and excluding the amount of deferred underwriting discounts held in trust and taxes payable on the income earned
on the trust account) at the time of our signing a definitive agreement in connection with our initial business combination. If
our board of directors is not able to independently determine the fair market value of the target business or businesses, we will
obtain an opinion from an independent investment banking firm that is a member of the Financial Industry Regulatory Authority
(&#8220;FINRA&#8221;) or an independent valuation or appraisal firm with respect to satisfaction of such criteria. Our stockholders
may not be provided with a copy of such opinion nor will they be able to rely on such opinion. We do not intend to purchase multiple
businesses in unrelated industries in conjunction with our initial business combination. Subject to this requirement, our management
will have virtually unrestricted flexibility in identifying and selecting one or more prospective businesses, although we will
not be permitted to effectuate our initial business combination with another blank check company or a similar company with nominal
operations. Additionally, pursuant to Nasdaq rules, any initial business combination must be approved by a majority of our independent
directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">We anticipate structuring our initial business
combination so that the post-transaction company in which our public stockholders own shares will own or acquire 100% of the equity
interests or assets of the target business or businesses. We may, however, structure our initial business combination such that
the post-transaction company owns or acquires less than 100% of such interests or assets of the target business in order to meet
certain objectives of the prior owners of the target business, the target management team or stockholders or for other reasons,
but we will only complete such business combination if the post-transaction company owns or acquires 50% or more of the outstanding
voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required
to register as an investment company under the Investment Company Act of 1940, as amended (the &#8220;Investment Company Act&#8221;).
Even if the post-transaction company owns or acquires 50% or more of the voting securities of the target, our stockholders prior
to the business combination may collectively own a minority interest in the post-transaction company, depending on valuations
ascribed to the target and us in the business combination transaction. For example, we could pursue a transaction in which we
issue a substantial number of new shares in exchange for all of the outstanding capital stock, shares or other equity interests
of a target. In this case, we would acquire a 100% controlling interest in the target. However, as a result of the issuance of
a substantial number of new shares, our stockholders immediately prior to our initial business combination could own less than
a majority of our issued and outstanding shares subsequent to our initial business combination. If less than 100% of the equity
interests or assets of a target business or businesses are owned or acquired by the post-transaction company, the portion of such
business or businesses that is owned or acquired is what will be valued for purposes of the 80% of fair market value test. If
the business combination involves more than one target business, the 80% of fair market value test will be based on the aggregate
value of all of the target businesses and we will treat the target businesses together as the initial business combination for
purposes of a tender offer or for seeking stockholder approval, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The net proceeds of this offering and the sale of the private
placement warrants released to us from the trust account upon the closing of our initial business combination may be used as consideration
to pay the sellers of a target business with which we complete our initial business combination. If our initial business combination
is paid for using equity or debt securities, or not all of the funds released from the trust account are used for payment of the
consideration in connection with our initial business combination or used for redemption of our public shares, we may use the
balance of the cash released to us from the trust account following the closing for general corporate purposes, including for
maintenance or expansion of operations of the post-transaction&nbsp;businesses, the payment of principal or interest due on indebtedness
incurred in completing our initial business combination, to fund the purchase of other companies or for working capital. In addition,
we may be required to obtain additional financing in connection with the closing of our initial business combination to be used
following the closing for general corporate purposes as described above. There is no limitation on our ability to raise funds
through the issuance of equity or equity-linked&nbsp;securities or through loans, advances or other indebtedness in connection
with our initial business combination, including pursuant to forward purchase agreements or backstop agreements we may enter into
following consummation of this offering. Subject to compliance with applicable securities laws, we would only complete such financing
simultaneously with the completion of our initial business combination. At this time, we are not a party to any arrangement or
understanding with any third party with respect to raising any additional funds through the sale of securities or otherwise. None
of our sponsors, officers, directors or stockholders is required to provide any financing to us in connection with or after our
initial business combination. We may also obtain financing prior to the closing of our initial business combination to fund our
working capital needs and transaction costs in connection with our search for and completion of our initial business combination.
Our amended and restated certificate of incorporation will provide that, following this offering and prior to the consummation
of our initial business combination, we will be prohibited from issuing additional securities that would entitle the holders thereof
to (i) receive funds from the trust account or (ii) vote as a class with our public shares (a) on any initial business combination
or (b) to approve an amendment to our amended and restated certificate of incorporation to (x) extend the time we have to consummate
a business combination beyond 24&nbsp;months from the closing of this offering or (y) amend the foregoing provisions, unless (in
connection with any such amendment to our amended and restated certificate of incorporation) we offer our public stockholders
the opportunity to redeem their public shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Corporate Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our offices are located at 1900 Main Street, Ste. 201, Sarasota,
Florida 34236, and our telephone number is&nbsp;(937) 610-4057.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are an &#8220;emerging growth company,&#8221; as defined
in Section 2(a) of the Securities Act of 1933, as amended, or the Securities Act, as modified by the Jumpstart Our Business Startups
Act of 2012, or the JOBS Act. As such, we are eligible to take advantage of certain exemptions from various reporting requirements
that are applicable to other public companies that are not &#8220;emerging growth companies&#8221; including, but not limited
to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley&nbsp;Act of 2002,
or the Sarbanes-Oxley&nbsp;Act, reduced disclosure obligations regarding executive compensation in our periodic reports and proxy
statements, and exemptions from the requirements of holding a non-binding&nbsp;advisory vote on executive compensation and stockholder
approval of any golden parachute payments not previously approved. If some investors find our securities less attractive as a
result, there may be a less active trading market for our securities and the prices of our securities may be more volatile.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In addition, Section 107 of the JOBS Act also provides that
an &#8220;emerging growth company&#8221; can take advantage of the extended transition period provided in Section 7(a)(2)(B) of
the Securities Act for complying with new or revised accounting standards. In other words, an &#8220;emerging growth company&#8221;
can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We intend
to take advantage of the benefits of this extended transition period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will remain an emerging growth company until the earlier
of (1) the last day of the fiscal year (a) following the fifth anniversary of the completion of this offering, (b) in which we
have total annual gross revenue of at least $1.07&nbsp;billion, or (c) in which we are deemed to be a large accelerated filer,
which means the market value of our Class A common stock that is held by non-affiliates&nbsp;exceeds $700&nbsp;million as of the
prior June 30<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>th</SUP>, and (2) the date on which
we have issued more than $1.0&nbsp;billion in non-convertible&nbsp;debt securities during the prior three-year&nbsp;period. References
herein to &#8220;emerging growth company&#8221; shall have the meaning associated with it in the JOBS Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Additionally, we are a &#8220;smaller reporting
company&#8221; as defined in Rule 10(f)(1) of Regulation S-K. Smaller reporting companies may take advantage of certain reduced
disclosure obligations, including, among other things, providing only two years of audited financial statements. We will remain
a smaller reporting company until the last day of the fiscal year in which (1) the market value of our common stock held by non-affiliates&nbsp;exceeds
$250&nbsp;million as of the prior June 30<SUP>th</SUP>, or (2) our annual revenues exceed $100&nbsp;million during such completed
fiscal year and the market value of our common stock held by non-affiliates&nbsp;exceeds $700&nbsp;million as of the prior June
30.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THE OFFERING</B></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In deciding whether to invest in our securities, you should
take into account not only the backgrounds of the members of our management team, but also the special risks we face as a blank
check company and the fact that this offering is not being conducted in compliance with Rule 419 promulgated under the Securities
Act. You will not be entitled to protections normally afforded to investors in Rule 419 blank check offerings. You should carefully
consider these and the other risks set forth in the section below entitled &#8220;Risk Factors&#8221; beginning on page 27 of
this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; width: 15%; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Securities&nbsp;offered</B></FONT></TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; width: 2%; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; width: 83%; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20,000,000<SUP>(1)</SUP>&nbsp;units,
    at $10.00 per unit, each unit consisting of:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8226;&nbsp;&nbsp;&nbsp;one
    share of Class A common stock; and</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8226;&nbsp;&nbsp;&nbsp;one-half&nbsp;of
    one redeemable warrant.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Proposed&nbsp;NASDAQ
    symbols</B></FONT></TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Units:
    &#8220;RCHGU&#8221;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Class
    A Common Stock: &#8220;RCHG&#8221;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Warrants:
    &#8220;RCHGW&#8221;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Trading&nbsp;commencement
                                         and&nbsp;separation of&nbsp;Class&nbsp;A&nbsp;common stock&nbsp;and&nbsp;warrants</B></FONT></P></TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    units are expected to begin trading on or promptly after the date of this prospectus. We expect the Class A common stock and
    warrants comprising the units will begin separate trading on the 52<SUP>nd</SUP>&nbsp;day following the date of this prospectus
    unless Raymond James &amp; Associates, Inc. and EarlyBirdCapital, Inc. inform us of their decision to allow earlier separate
    trading, subject to our having filed the Current Report on Form 8-K&nbsp;described below and having issued a press release
    announcing when such separate trading will begin. Once the shares of Class A common stock and warrants commence separate trading,
    holders will have the option to continue to hold units or separate their units into the component securities. Holders will
    need to have their brokers contact our transfer agent in order to separate the units into shares of Class A common stock and
    warrants. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Accordingly,
    unless you purchase at least two units, you will not be able to receive or trade a whole warrant.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
    no event will the Class A common stock and warrants be traded separately until we have filed a Current Report on Form 8-K&nbsp;with
    the SEC containing an audited balance sheet reflecting our receipt of the gross proceeds at the closing of this offering.
    We will file the Current Report on Form 8-K&nbsp;promptly after the closing of this offering, which closing is anticipated
    to take place three business days from the date of this prospectus. If the underwriters&#8217; over-allotment&nbsp;option
    is exercised following the initial filing of such Current Report on Form 8-K, a second or amended Current Report on Form 8-K&nbsp;will
    be filed to provide updated financial information to reflect the exercise of the underwriters&#8217; over-allotment&nbsp;option.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; width: 15%; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Units:</B></FONT></TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; width: 2%; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; width: 83%; padding-bottom: 5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 5pt; padding-top: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Number&nbsp;outstanding&nbsp;before&nbsp;this&nbsp;offering</B></FONT></TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 5pt; padding-top: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 5pt; padding-top: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Number&nbsp;outstanding&nbsp;after&nbsp;this&nbsp;offering</B></FONT></TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 5pt; padding-top: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20,000,000<SUP>(1)</SUP></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 5pt; padding-top: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Common&nbsp;stock:</B></FONT></TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 5pt; padding-top: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Number&nbsp;outstanding&nbsp;before&nbsp;this&nbsp;offering</B></FONT></TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 5pt; padding-top: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5,750,000&nbsp;shares
    of Class B common stock<SUP>(2)</SUP></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 5pt; padding-top: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Number&nbsp;outstanding&nbsp;after&nbsp;this&nbsp;offering</B></FONT></TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 5pt; padding-top: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">25,000,000&nbsp;shares
    of Class A common stock and Class B common&nbsp;stock<SUP>(1)(3)</SUP></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 5pt; padding-top: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Redeemable&nbsp;Warrants:</B></FONT></TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; width: 15%; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Number&nbsp;of&nbsp;private&nbsp;placement&nbsp;warrants&nbsp;to&nbsp;be&nbsp;sold
    in&nbsp;a&nbsp;private&nbsp;placement&nbsp;simultaneously&nbsp;with&nbsp;this offering</B></FONT></TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; width: 2%; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; width: 83%; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5,750,000<SUP>(1)</SUP></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Number&nbsp;of&nbsp;warrants&nbsp;to&nbsp;be&nbsp;outstanding&nbsp;after&nbsp;this
    offering&nbsp;and&nbsp;the&nbsp;private&nbsp;placement</B></FONT></TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">15,750,000<SUP>(1)</SUP></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exercisability</B></FONT></TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Each
    whole warrant is exercisable to purchase one share of our Class A common stock. Only whole warrants are exercisable.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No
    fractional warrants will be issued upon separation of the units and only whole warrants will trade.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
    structured each unit to contain one-half&nbsp;of one warrant, with each whole warrant exercisable for one share of Class A
    common stock, as compared to units issued by some other similar blank check companies that contain one whole warrant exercisable
    for one share, in order to reduce the dilutive effect of the warrants upon completion of our initial business combination
    as compared to units that each contain one warrant exercisable for one share, thus making us, we believe, a more attractive
    business combination partner for target businesses.</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(1)</TD><TD STYLE="text-align: justify">Assumes no exercise
                                         of the underwriters&#8217; over-allotment&nbsp;option and the forfeiture by our sponsor
                                         of an aggregate of 750,000 founder shares.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(2)</TD><TD STYLE="text-align: justify">Includes up to
                                         an aggregate of 750,000&nbsp;shares that are subject to forfeiture by our sponsor depending
                                         on the extent to which the underwriters&#8217; over-allotment&nbsp;option is exercised.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(3)</TD><TD STYLE="text-align: justify">Comprised of 20,000,000&nbsp;shares
                                         of Class A common stock and 5,000,000&nbsp;shares of Class B common stock. The Class
                                         B common stock is convertible into shares of our Class A common stock on a one-for-one&nbsp;basis,
                                         subject to adjustment as described herein adjacent to the caption &#8220;Founder shares
                                         conversion and anti-dilution&nbsp;rights.&#8221;</TD>
</TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; width: 15%; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exercise&nbsp;price</B></FONT></TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; width: 2%; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; width: 83%; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$11.50
    per share, subject to adjustment as described herein. In addition, if (x) we issue additional shares of Class A common stock
    or equity-linked&nbsp;securities for capital raising purposes in connection with the closing of our initial business combination
    at an issue price or effective issue price of less than $9.20 per share of Class A common stock (with such issue price or
    effective issue price to be determined in good faith by our board of directors and, in the case of any such issuance to our
    sponsor or its affiliates, without taking into account any founder shares held by our sponsor or its affiliates, prior to
    such issuance) (the &#8220;Newly Issued Price&#8221;), (y) the aggregate gross proceeds from such issuances represent more
    than 60% of the total equity proceeds, and interest thereon, available for the funding of our initial business combination
    on the date of the consummation of our initial business combination (net of redemptions), and (z) the volume weighted average
    trading price of our common stock during the 20 trading day period starting on the trading day prior to the day on which we
    consummate our initial business combination (such price, the &#8220;Market Value&#8221;) is below $9.20 per share, the exercise
    price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the
    Newly Issued Price, and the $18.00 per share redemption trigger price described below under &#8220;Redemption of warrants&#8221;
    will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 5pt; padding-top: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exercise&nbsp;period</B></FONT></TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The warrants will become exercisable on the later of:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -12pt">&#8226;&nbsp;&nbsp;&nbsp;30
        days after the completion of our initial business combination, and</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -12pt">&#8226;&nbsp;&nbsp;&nbsp;12&nbsp;months
        from the closing of this offering;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 5pt; padding-top: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">provided,
    in each case, that we have an effective registration statement under the Securities Act covering the shares of Class A common
    stock issuable upon exercise of the warrants and a current prospectus relating to them is available (or we permit holders
    to exercise their warrants on a cashless basis under the circumstances specified in the warrant agreement) and such shares
    are registered, qualified or exempt from registration under the securities, or blue sky, laws of the state of residence of
    the holder.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
    are not registering the shares of Class A common stock issuable upon exercise of the warrants at this time. However, we have
    agreed that as soon as practicable, but in no event later than 15 business days after the closing of our initial business
    combination, we will use our best efforts to file with the SEC a registration statement covering the shares of Class A common
    stock issuable upon exercise of the warrants, to cause such registration statement to become effective and to maintain a current
    prospectus relating to those shares of Class A common stock until the warrants expire or are redeemed, as specified in the
    warrant agreement. If a registration statement covering the shares of common stock issuable upon exercise of the warrants
    is not effective by the 60<SUP>th</SUP>&nbsp;business day after the closing of our initial business combination, warrantholders
    may, until such time as there is an effective registration statement and during any period when we will have failed to maintain
    an effective registration statement, exercise warrants on a &#8220;cashless basis&#8221; in accordance with Section 3(a)(9)
    of the Securities Act or another exemption.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; width: 15%; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-top: 5pt; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; width: 83%; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notwithstanding
    the above, if our common stock is at the time of any exercise of a warrant not listed on a national securities exchange such
    that it satisfies the definition of a &#8220;covered security&#8221; under Section&nbsp;18(b)(1) of the Securities Act, we
    may, at our option, require holders of public warrants who exercise their warrants to do so on a &#8220;cashless basis&#8221;
    in accordance with Section 3(a)(9) of the Securities Act and, in the event we so elect, we will not be required to file or
    maintain in effect a registration statement, and in the event we do not so elect, we will use our best efforts to register
    or qualify the shares under applicable blue sky laws to the extent an exemption is not available.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 5pt; padding-top: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    warrants will expire at 5:00 p.m., New York City time, five years after the completion of our initial business combination
    or earlier upon redemption or liquidation. On the exercise of any warrant, the warrant exercise price will be paid directly
    to us and not placed in the trust account.</FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 5pt; padding-top: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Redemption&nbsp;of&nbsp;warrants
    and cashless exercise</B></FONT></TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Once the warrants become exercisable, we may redeem
        the outstanding warrants (except as described herein with respect to the private placement warrants):</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -12pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;in
        whole and not in part;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -12pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;at
        a price of $0.01 per warrant;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -12pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;upon
        a minimum of 30 days&#8217; prior written notice of redemption, which we refer to as the 30-day&nbsp;redemption period;
        and</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -12pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;if,
        and only if, the reported closing price of our Class A common stock equals or exceeds $18.00&nbsp;per share (as adjusted
        for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading&nbsp;day
        period ending on the third trading day prior to the date on which we send the notice of redemption to the warrantholders.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-top: 5pt; white-space: nowrap; padding-bottom: 5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 5pt; padding-top: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
    will not redeem the warrants unless a registration statement under the Securities Act covering the shares of Class A common
    stock issuable upon exercise of the warrants is effective and a current prospectus relating to those shares of Class A common
    stock is available throughout the 30-day&nbsp;redemption period, except if the warrants may be exercised on a cashless basis
    and such cashless exercise is exempt from registration under the Securities Act. If and when the warrants become redeemable
    by us, we may not exercise our redemption right if the issuance of shares of common stock upon exercise of the warrants is
    not exempt from registration or qualification under applicable state blue sky laws or we are unable to effect such registration
    or qualification. We will use our best efforts to register or qualify such shares of common stock under the blue sky laws
    of the state of residence in those states in which the warrants were offered by us in this offering.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 64%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If we call the warrants for
    redemption as described above, our management will have the option to require all holders that wish to exercise warrants to
    do so on a cashless basis. In determining whether to require all holders to exercise their warrants on a cashless basis, our
    management will consider, among other factors, our cash position, the number of warrants that are outstanding and the dilutive
    effect on our stockholders of issuing the maximum number of shares of Class A common stock issuable upon the exercise of our
    warrants. In such event, each holder would pay the exercise price by surrendering the warrants for that number of shares of
    Class A common stock equal to the quotient obtained by dividing (x) the product of the number of shares of Class A common
    stock underlying the warrants multiplied by the excess of the &#8220;fair market value&#8221; (defined below) over the exercise
    price of the warrant by (y) the fair market value. The &#8220;fair market value&#8221; shall mean the average reported closing
    price of the Class A common stock for the 10 trading days ending on the third trading day prior to the date on which the notice
    of redemption is sent to the holders of warrants. Please see the section of this prospectus entitled &#8220;Description of
    Securities&nbsp;&#8212;&nbsp;Redeemable Warrants &#8212; Public Stockholders&#8217; Warrants&#8221; for additional information.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">None of the private placement warrants will
    be redeemable by us so long as they are held by our sponsor or its permitted transferees.</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Founder&nbsp;shares</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 64%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of the date hereof, our
    sponsor holds 5,750,000 founder shares, 750,000 of which are subject to forfeiture if the underwriters&#8217; over-allotment&nbsp;option
    is not exercised.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 64%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The number of founder shares
    issued and outstanding was determined based on the expectation that the founder shares would represent 20% of the outstanding
    shares after this offering. As such, our initial stockholders will collectively own 20% of our issued and outstanding shares
    after this offering (assuming they do not purchase any units in this offering). None of our sponsor, officers or directors
    have expressed an intention to purchase any units in this offering. Up to an aggregate 750,000 founder shares will be subject
    to forfeiture by our sponsor depending on the extent to which the underwriters&#8217; over-allotment&nbsp;option is exercised
    so that our initial stockholders will maintain ownership of 20% of our common stock after this offering. We will effect a
    stock dividend or share contribution prior to this offering should the size of the offering change, in order to maintain such
    ownership percentage.</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 64%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The founder shares are identical to the shares of Class
        A common stock included in the units being sold in this offering, except that:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -12pt">&#8226;&nbsp;&nbsp;&nbsp;the
        founder shares are shares of Class B common stock that automatically convert into shares of our Class A common stock at
        the time of our initial business combination on a one-for-one&nbsp;basis, subject to adjustment pursuant to certain anti-dilution&nbsp;rights
        as described herein;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -12pt">&#8226;&nbsp;&nbsp;&nbsp;the
        founder shares are subject to certain transfer restrictions, as described in more detail below;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -12pt">&#8226;&nbsp;&nbsp;&nbsp;the
        founder shares are entitled to registration rights;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -12pt">&#8226;&nbsp;&nbsp;&nbsp;our
        sponsor, officers and directors have entered into a letter agreement with us, pursuant to which they have agreed to (i)&nbsp;waive
        their redemption rights with respect to their founder shares and public shares in connection with the completion of our
        initial business combination, (ii) waive their redemption rights with respect to their founder shares and public shares
        in connection with a stockholder vote to approve an amendment to our amended and restated certificate of incorporation
        to (A)&nbsp;modify the substance or timing of our obligation to provide for the redemption of our public shares in connection
        with an initial business combination or to redeem 100% of our public shares if we do not complete our initial business
        combination within 24&nbsp;months from the closing of this offering or (B) with respect to any other material provisions
        relating to stockholders&#8217; rights or pre-initial&nbsp;business combination activity, (iii) waive their rights to
        liquidating distributions from the trust account with respect to their founder shares if we fail to complete our initial
        business combination within 24&nbsp;months from the closing of this offering, although they will be entitled to liquidating
        distributions from the trust account with respect to any public shares they hold if we fail to complete our initial business
        combination within the prescribed time frame and (iv) vote any founder shares held by them and any public shares purchased
        during or after this offering (including in open market and privately-negotiated&nbsp;transactions) in favor of our initial
        business combination.</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 64%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If we submit our initial
    business combination to our public stockholders for a vote, we will complete our initial business combination only if a majority
    of the outstanding shares of common stock voted are voted in favor of the initial business combination. As a result of the
    agreement of our sponsor, officers and directors to vote their shares in favor of our initial business combination, we would
    need only 7,500,001, or 37.5%, of the 20,000,000 public shares sold in this offering to be voted in favor of our initial business
    combination in order to have our initial business combination approved (assuming all outstanding shares are voted and the
    over-allotment&nbsp;option is not exercised).</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Transfer&nbsp;restrictions&nbsp;on&nbsp;founder&nbsp;shares</B></FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our initial stockholders have agreed not to
    transfer, assign or sell any of their founder shares until the earlier to occur of: (A) one year after the completion of our
    initial business combination or (B) subsequent to our initial business combination, (x) if the reported closing price of our
    Class A common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations
    and the like) for any 20 trading days within any 30-trading&nbsp;day period commencing at least 150 days after our initial
    business combination, or (y) the date on which we complete a liquidation, merger, capital stock exchange or other similar
    transaction that results in all of our stockholders having the right to exchange their shares of common stock for cash, securities
    or other property (except as described herein under the section of this prospectus entitled &#8220;Principal Stockholders&nbsp;&#8212;&nbsp;Restrictions
    on Transfers of Founder Shares and Private Placement Warrants&#8221;). Any permitted transferees will be subject to the same
    restrictions and other agreements of our initial stockholders with respect to any founder shares. We refer to such transfer
    restrictions throughout this prospectus as the lock-up.</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Founder&nbsp;shares&nbsp;conversion&nbsp;and<BR>
    anti-dilution rights</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 64%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
    The founder shares are shares of Class B common stock that will automatically convert into shares of our Class A common stock
    at the time of our initial business combination on a one-for-one&nbsp;basis, subject to adjustment pursuant to certain anti-dilution&nbsp;rights,
    as described herein. In the case that additional shares of Class A common stock or equity-linked&nbsp;securities are issued
    or deemed issued in connection with our initial business combination, the number of shares of Class A common stock issuable
    upon conversion of all founder shares will equal, in the aggregate, on an as-converted&nbsp;basis, 20% of the sum of the total
    number of all shares of common stock outstanding upon the completion of this offering, plus the total number of shares of
    Class A common stock issued, or deemed issued or issuable upon conversion or exercise of any equity-linked&nbsp;securities
    or rights issued or deemed issued, by the Company in connection with or in relation to the consummation of the initial business
    combination, excluding any shares of Class A common stock or equity-linked&nbsp;securities exercisable for or convertible
    into shares of Class A common stock issued, or to be issued, to any seller in the initial business combination and any private
    placement-equivalent&nbsp;warrants issued to our sponsor, officers or directors upon conversion of working capital loans;
    provided that such conversion of founder shares will never occur on a less than one for one basis;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Voting&nbsp;Rights</B></FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Holders of record of the Class A common stock
    and holders of record of the Class B common stock will vote together as a single class on all matters submitted to a vote
    of our stockholders, with each share of common stock entitling the holder to one vote except as required by law.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Private&nbsp;placement&nbsp;warrants</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 64%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our sponsor has committed,
    pursuant to a written agreement, to purchase an aggregate of 5,750,000 private placement warrants (or 6,350,000 if the over-allotment&nbsp;option
    is exercised in full), each exercisable to purchase one share of our Class A common stock at $11.50 per share, at a price
    of $1.00 per warrant ($5,750,000 in the aggregate or $6,350,000 in the aggregate if the over-allotment&nbsp;option is exercised
    in full) in a private placement that will occur simultaneously with the closing of this offering. A portion of the purchase
    price of the private placement warrants will be added to the proceeds from this offering to be held in the trust account such
    that, at the time of closing, $200.0&nbsp;million (or $230.0&nbsp;million if the underwriters exercise their over-allotment&nbsp;option
    in full) will be held in the trust account. If we do not complete our initial business combination within 24&nbsp;months from
    the closing of this offering, the proceeds from the sale of the private placement warrants held in the trust account will
    be used to fund the redemption of our public shares (subject to the requirements of applicable law) and the private placement
    warrants will expire worthless.</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 64%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The private placement warrants
    will be non-redeemable&nbsp;and exercisable on a cashless basis so long as they are held by the sponsor or its permitted transferees.
    If the private placement warrants are held by holders other than our sponsor or its permitted transferees, the private placement
    warrants will be redeemable by us and exercisable by the holders on the same basis as the warrants included in the units being
    sold in this offering.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Transfer&nbsp;restrictions&nbsp;on&nbsp;private&nbsp;placement
    warrants</B></FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
    The private placement warrants (including the Class A common stock issuable upon exercise of the private placement warrants)
    will not be transferable, assignable or salable until 30 days after the completion of our initial business combination (except
    as described under the section of this prospectus entitled &#8220;Principal Stockholders &#8212; Restrictions on Transfers
    of Founder Shares and Private Placement Warrants&#8221;).</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Cashless&nbsp;exercise&nbsp;of&nbsp;private&nbsp;placement&nbsp;warrants</B></FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If holders of private placement warrants elect
    to exercise them on a cashless basis, they would pay the exercise price by surrendering their warrants for that number of
    shares of Class A common stock equal to the quotient obtained by dividing (x) the product of the number of shares of Class
    A common stock underlying the warrants multiplied by the excess of the &#8220;fair market value&#8221; (defined below) over
    the exercise price of the warrants by (y) the fair market value. The &#8220;fair market value&#8221; shall mean the average
    reported closing price of the Class A common stock for the 10 trading days ending on the third trading day prior to the date
    on which the notice of warrant exercise is sent to the warrant agent. The reason that we have agreed that these warrants will
    be exercisable on a cashless basis so long as they are held by the sponsor or its permitted transferees is because it is not
    known at this time whether they will be affiliated with us following an initial business combination. If they remain affiliated
    with us, their ability to sell our securities in the open market will be significantly limited. We expect to have policies
    in place that prohibit insiders from selling our securities except during specific periods of time. Even during such periods
    of time when insiders will be permitted to sell our securities, an insider cannot trade in our securities if he or she is
    in possession of material nonpublic information. Accordingly, unlike public stockholders who could sell the shares of Class
    A common stock issuable upon exercise of the warrants freely in the open market, the insiders could be significantly restricted
    from doing so. As a result, we believe that allowing the holders to exercise such warrants on a cashless basis is appropriate.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Proceeds&nbsp;to&nbsp;be&nbsp;held&nbsp;in&nbsp;trust&nbsp;account</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 64%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Nasdaq rules provide that
    at least 90% of the gross proceeds from this offering and the sale of the private placement warrants be deposited in a trust
    account. Of the net proceeds of this offering and the sale of the private placement warrants, $200,000,000, or $10.00 per
    unit ($230,000,000, or $10.00 per unit, if the underwriters&#8217; over-allotment&nbsp;option is exercised in full) will be
    placed into a trust account in the United States at J.P. Morgan Chase Bank, N.A., with Continental Stock Transfer &amp; Trust
    Company acting as trustee, and $1,750,000 (regardless of the extent to which the underwriters&#8217; over-allotment&nbsp;option
    is exercised) will be used to pay expenses in connection with the closing of this offering and for working capital following
    this offering.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">These proceeds include $7,000,000 (or $8,050,000
    if the underwriters&#8217; over-allotment&nbsp;option is exercised in full) in deferred underwriting commissions.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Except with respect to interest earned on the
    funds held in the trust account that may be released to us to pay our taxes, our amended and restated certificate of incorporation
    provides that the proceeds from this offering and the sale of the private placement warrants, will not be released from the
    trust account until the earliest of (a) the completion of our initial business combination, (b) the redemption of any public
    shares properly submitted in connection with a stockholder vote to amend our amended and restated certificate of incorporation
    to (i) modify the substance or timing of our obligation to provide for the redemption of our public shares in connection with
    an initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination
    within 24&nbsp;months from the closing of this offering or (ii) with respect to any other material provisions relating to
    stockholders&#8217; rights or pre-initial&nbsp;business combination activity, and (c)&nbsp;the redemption of our public shares
    if we are unable to complete our initial business combination within 24&nbsp;months from the closing of this offering, subject
    to applicable law. The proceeds deposited in the trust account could become subject to the claims of our creditors, if any,
    which could have priority over the claims of our public stockholders.</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%; padding-top: 8pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Anticipated&nbsp;expenses&nbsp;and<BR>
    funding&nbsp;sources</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 64%; padding-bottom: 2.25pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Unless and until we complete our initial business combination,
        no proceeds held in the trust account will be available for our use, except the withdrawal of interest to pay our taxes
        and/or to redeem our public shares in connection with an amendment to our amended and restated certificate of incorporation,
        as described above. The proceeds held in the trust account will be invested only in U.S. government securities with a
        maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7&nbsp;under the Investment
        Company Act that invest only in direct U.S. government treasury obligations. We will disclose in each quarterly and annual
        report filed with the SEC prior to our initial business combination whether the proceeds deposited in the trust account
        are invested in U.S. government treasury obligations or money market funds or a combination thereof. Based upon current
        interest rates, we expect the trust account to generate approximately $200,000 of interest annually assuming an interest
        rate of 0.1% per year; however, we can provide no assurances regarding this amount. Unless and until we complete our initial
        business combination, we may pay our expenses only from:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -12pt">&#8226;&nbsp;&nbsp;&nbsp;the
        net proceeds of this offering and the sale of the private placement warrants not held in the trust account, which will
        be approximately $1,000,000 in working capital after the payment of approximately $750,000 in expenses relating to this
        offering; and</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="padding-left: 24pt; width: 64%; text-indent: -12pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8226;&nbsp;&nbsp;any
    loans or additional investments from our sponsor, or an affiliate of our sponsor or certain of our officers and directors,
    although they are under no obligation to advance funds or invest in us, and provided that any such loans will not have any
    claim on the proceeds held in the trust account unless such proceeds are released to us upon completion of our initial business
    combination. Up to $1,500,000 of such loans may be convertible into warrants, at a price of $1.00 per warrant at the option
    of the lender.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Conditions to completing our initial business
    combination</B></FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
    In accordance with the rules of Nasdaq, our initial business combination must occur with one or more target businesses that
    together have an aggregate fair market value of at least 80% of the value of the assets held in the trust account (net of
    amounts disbursed to management for working capital purposes, if any, and excluding the amount of deferred underwriting discounts
    held in trust and taxes payable on the income earned on the trust account) at the time of our signing a definitive agreement
    in connection with our initial business combination. Our board of directors will make the determination as to the fair market
    value of our initial business combination. If our board of directors is not able to independently determine the fair market
    value of our initial business combination, we will obtain an opinion from an independent investment banking firm or another
    independent entity that commonly renders valuation opinions with respect to the satisfaction of such criteria. While we consider
    it unlikely that our board of directors will not be able to make an independent determination of the fair market value of
    our initial business combination, it may be unable to do so if it is less familiar or experienced with the business of a particular
    target or if there is a significant amount of uncertainty as to the value of a target&#8217;s assets or prospects.</FONT></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 64%; padding-top: 8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We anticipate
    structuring our initial business combination so that the post-transaction&nbsp;company in which our public stockholders own
    shares will own or acquire 100% of the equity interests or assets of the target business or businesses. However, we may structure
    our initial business combination so that the post-transaction&nbsp;company owns or acquires less than 100% of such interests
    or assets of the target business in order to meet certain objectives of the target management team or stockholders, or for
    other reasons. However, we will only complete an initial business combination if the post-transaction&nbsp;company owns or
    acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the
    target sufficient for it not to be required to register as an investment company under the Investment Company Act. Even if
    the post-transaction&nbsp;company owns or acquires 50% or more of the voting securities of the target, our stockholders prior
    to the initial business combination may collectively own a minority interest in the post-transaction&nbsp;company, depending
    on valuations ascribed to the target and us in the initial business combination. For example, we could pursue a transaction
    in which we issue a substantial number of new shares in exchange for all of the outstanding capital stock of a target. In
    this case, we would acquire a 100% controlling interest in the target. However, as a result of the issuance of a substantial
    number of new shares, our stockholders immediately prior to our initial business combination could own less than a majority
    of our outstanding shares subsequent to our initial business combination. If less than 100% of the equity interests or assets
    of a target business or businesses are owned or acquired by the post-transaction&nbsp;company, the portion of such business
    or businesses that is owned or acquired is what will be taken into account for purposes of Nasdaq&rsquo;s 80% of fair market
    value test. If the initial business combination involves more than one target business, the 80% of fair market value test
    will be based on the aggregate value of all of the transactions and we will treat the target businesses together as our initial
    business combination for purposes of seeking stockholder approval or conducting a tender offer, as applicable.</FONT></TD></TR>
</TABLE>
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<TD STYLE="text-indent: -0.125in; padding-left: 0.125in; width: 35%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Permitted
purchases of public shares and public warrants by our&nbsp;affiliates</B></FONT></TD>
<TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
<TD STYLE="text-align: left; width: 64%; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
we seek stockholder approval of our initial business combination and we do not conduct redemptions in connection with our initial
business combination pursuant to the tender offer rules, our sponsor, initial stockholders, directors, officers, advisors or their
affiliates may purchase public shares or public warrants in privately-negotiated&nbsp;transactions or in the open market either
prior to or following the completion of our initial business combination. There is no limit on the number of shares or warrants
our initial stockholders, directors, officers, advisors or their affiliates may purchase in such transactions, subject to compliance
with applicable law and Nasdaq rules. However, they have no current commitments, plans or intentions to engage in such transactions
and have not formulated any terms or conditions for any such transactions. If they engage in such transactions, they will not
make any such purchases when they are in possession of any material non-public&nbsp;information not disclosed to the seller or
if such purchases are prohibited by Regulation M under the Exchange Act. Subsequent to the consummation of this offering, we will
adopt an insider trading policy which will require insiders to: (i) refrain from purchasing our securities during certain blackout
periods when they are in possession of any material non-public&nbsp;information and (ii) clear all trades of company securities
with a compliance officer prior to execution. We cannot currently determine whether our insiders will make such purchases pursuant
to a Rule 10b5-1&nbsp;plan, as it will be dependent upon several factors, including but not limited to, the timing and size of
such purchases. Depending on such circumstances, our insiders may either make such purchases pursuant to a Rule 10b5-1&nbsp;plan
or determine that such a plan is not necessary. We do not currently anticipate that such purchases, if any, would constitute a
tender offer subject to the tender offer rules under the Exchange Act or a going-private&nbsp;transaction subject to the going-private&nbsp;rules
under the Exchange Act; however, if the purchasers determine at the time of any such purchases that the purchases are subject
to such rules, the purchasers will comply with such rules. Any such purchases will be reported pursuant to Section&nbsp;13 and
Section 16 of the Exchange Act to the extent such purchasers are subject to such reporting requirements. None of the funds held
in the trust account will be used to purchase shares or public warrants in such transactions prior to completion of our initial
business combination. See &#8220;Proposed Business &#8212; Permitted Purchases of Our Securities&#8221; for a description of how
our sponsor, initial stockholders, directors, officers, advisors or any of their affiliates will select which stockholders to
purchase securities from in any private transaction. Our sponsor, directors, officers, advisors or any of their affiliates will
not make any purchases if the purchases would violate Section 9(a)(2) or Rule 10b-5&nbsp;of the Exchange Act.</FONT></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 35%">&nbsp;</TD>
<TD STYLE="white-space: nowrap; width: 1%; padding-top: 10pt">&nbsp;</TD>
<TD STYLE="text-align: left; vertical-align: top; width: 64%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
purpose of any such purchases of shares could be to vote such shares in favor of the initial business combination and thereby
increase the likelihood of obtaining stockholder approval of the initial business combination or to satisfy a closing condition
in an agreement with a target that requires us to have a minimum net worth or a certain amount of cash at the closing of our initial
business combination, where it appears that such requirement would otherwise not be met. The purpose of any such purchases of
public warrants could be to reduce the number of public warrants outstanding or to vote such warrants on any matters submitted
to the warrantholders for approval in connection with our initial business combination. Any such purchases of our securities may
result in the completion of our initial business combination that may not otherwise have been possible. In addition, if such purchases
are made, the public &ldquo;float&rdquo; of our shares of Class A common stock or warrants may be reduced and the number of beneficial
holders of our securities may be reduced, which may make it difficult to maintain or obtain the quotation, listing or trading
of our securities on a national securities exchange.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD STYLE="white-space: nowrap; padding-top: 10pt"></TD>
<TD STYLE="text-align: left; vertical-align: top"></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Redemption
rights for public stockholders upon completion of our initial business combination</B></FONT></TD>
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We will provide our public stockholders with the
opportunity to redeem all or a portion of their public shares upon the completion of our initial business combination at a per-share&nbsp;price,
payable in cash, equal to the aggregate amount then on deposit in the trust account as of two business days prior to the consummation
of our initial business combination, including interest earned on the funds held in the trust account and not previously released
to us to pay our taxes, divided by the number of then outstanding public shares, subject to the limitations described herein.
The amount in the trust account is initially anticipated to be $10.00 per public share. The per-share&nbsp;amount we will distribute
to investors who properly redeem their shares will not be reduced by deferred underwriting commissions we will pay to the underwriters.
There will be no redemption rights upon the completion of our initial business combination with respect to our warrants. Our sponsor,
officers and directors have entered into a letter agreement with us, pursuant to which they have agreed to waive their redemption
rights with respect to any founder shares held by them and any public shares they may acquire during or after this offering in
connection with the completion of our initial business combination or otherwise.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Manner&nbsp;of&nbsp;conducting&nbsp;redemptions</B></FONT></TD>
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We will provide our public stockholders with the
opportunity to redeem all or a portion of their public shares upon the completion of our initial business combination either (i)
in connection with a stockholder meeting called to approve the initial business combination or (ii)&nbsp;without a stockholder
vote by means of a tender offer. The decision as to whether we will seek stockholder approval of a proposed initial business combination
or conduct a tender offer will be made by us, solely in our discretion, and will be based on a variety of factors such as the
timing of the transaction and whether the terms of the transaction would require us to seek stockholder approval under applicable
law or stock exchange listing requirements. Asset acquisitions and stock purchases would not typically require stockholder approval
while direct mergers with our company where we do not survive and any transactions where we issue more than 20% of our outstanding
common stock or seek to amend our amended and restated certificate of incorporation would require stockholder approval. So long
as we obtain and maintain a listing for our securities on Nasdaq, we will be required to comply with Nasdaq&rsquo;s stockholder
approval rules.</FONT></TD></TR>
</TABLE>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 64%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The requirement that we provide
    our public stockholders with the opportunity to redeem their public shares by one of the two methods listed above will be
    contained in provisions of our amended and restated certificate of incorporation and will apply whether or not we maintain
    our registration under the Exchange Act or our listing on Nasdaq. Such provisions may be amended if approved by holders of
    65% of our common stock entitled to vote thereon.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If we provide our public stockholders with the
    opportunity to redeem their public shares in connection with a stockholder meeting, we will:</FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="text-indent: -12pt; padding-left: 24pt; width: 64%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;conduct
    the redemptions in conjunction with a proxy solicitation pursuant to Regulation 14A of the Exchange Act, which regulates the
    solicitation of proxies, and not pursuant to the tender offer rules, and</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-left: 0.2in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-indent: -12pt; padding-left: 24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;file
    proxy materials with the SEC.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-left: 0.2in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If we seek stockholder approval, we will complete
    our initial business combination only if a majority of the outstanding shares of common stock voted are voted in favor of
    the initial business combination. A quorum for such meeting will consist of the holders present in person or by proxy of shares
    of outstanding capital stock of the Company representing a majority of the voting power of all outstanding shares of capital
    stock of the Company entitled to vote at such meeting. Our initial stockholders will count towards this quorum and, pursuant
    to the letter agreement, our sponsor, officers and directors have agreed to vote their founder shares and any public shares
    purchased during or after this offering (including in open market and privately-negotiated&nbsp;transactions) in favor of
    our initial business combination. For purposes of seeking approval of the majority of our outstanding shares of common stock
    voted, non-votes&nbsp;will have no effect on the approval of our initial business combination once a quorum is obtained. As
    a result, in addition to our initial stockholders&#8217; founder shares, we would need only 7,500,001, or 37.5%, of the 20,000,000
    public shares sold in this offering to be voted in favor of an initial business combination in order to have our initial business
    combination approved (assuming all outstanding shares are voted and the over-allotment&nbsp;option is not exercised). We intend
    to give not less than 10 days&#8217; nor more than 60 days&#8217; prior written notice of any such meeting, if required, at
    which a vote shall be taken to approve our initial business combination. These quorum and voting thresholds, and the voting
    agreements of our initial stockholders, may make it more likely that we will consummate our initial business combination.
    Each public stockholder may elect to redeem its public shares irrespective of whether they vote for or against the proposed
    transaction or whether they were a stockholder on the record date for the stockholder meeting held to approve the proposed
    transaction.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If a stockholder vote is not required and we
    do not decide to hold a stockholder vote for business or other legal reasons, we will:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-indent: -12pt; padding-left: 24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;conduct
    the redemptions pursuant to Rule 13e-4&nbsp;and Regulation 14E of the Exchange Act, which regulate issuer tender offers, and</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-indent: -12pt; padding-left: 24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;file
    tender offer documents with the SEC prior to completing our initial business combination, which contain substantially the
    same financial and other information about the initial business combination and the redemption rights as is required under
    Regulation 14A of the Exchange Act, which regulates the solicitation of proxies.</FONT></TD></TR>
</TABLE>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 64%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In the event we conduct redemptions
    pursuant to the tender offer rules, our offer to redeem will remain open for at least 20 business days, in accordance with
    Rule 14e-1(a) under the Exchange Act, and we will not be permitted to complete our initial business combination until the
    expiration of the tender offer period. In addition, the tender offer will be conditioned on public stockholders not tendering
    more than a specified number of public shares, which number will be based on the requirement that we will only redeem our
    public shares so long as (after such redemption) our net tangible assets will be at least $5,000,001 either immediately prior
    to or upon consummation of our initial business combination and after payment of deferred underwriters&#8217; fees and commissions
    (so that we are not subject to the SEC&#8217;s &#8220;penny stock&#8221; rules) or any greater net tangible asset or cash
    requirement that may be contained in the agreement relating to our initial business combination. If public stockholders tender
    more shares than we have offered to purchase, we will withdraw the tender offer and not complete the initial business combination.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Upon the public announcement of our initial
    business combination, if we elect to conduct redemptions pursuant to the tender offer rules, we or our sponsor will terminate
    any plan established in accordance with Rule&nbsp;10b5-1&nbsp;to purchase shares of our Class A common stock in the open market,
    in order to comply with Rule 14e-5&nbsp;under the Exchange Act.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We intend to require our public stockholders
    seeking to exercise their redemption rights, whether they are record holders or hold their shares in &#8220;street name,&#8221;
    to, at the holder&#8217;s option, either deliver their stock certificates to our transfer agent or deliver their shares to
    our transfer agent electronically using the Depository Trust Company&#8217;s DWAC (Deposit/Withdrawal At Custodian) system,
    prior to the date set forth in the proxy materials or tender offer documents, as applicable. In the case of proxy materials,
    this date may be up to two business days prior to the vote on the proposal to approve the initial business combination. In
    addition, if we conduct redemptions in connection with a stockholder vote, we intend to require a public stockholder seeking
    redemption of its public shares to also submit a written request for redemption to our transfer agent two business days prior
    to the vote in which the name of the beneficial owner of such shares is included. The proxy materials or tender offer documents,
    as applicable, that we will furnish to holders of our public shares in connection with our initial business combination will
    indicate whether we are requiring public stockholders to satisfy such delivery requirements. We believe that this will allow
    our transfer agent to efficiently process any redemptions without the need for further communication or action from the redeeming
    public stockholders, which could delay redemptions and result in additional administrative cost. If the proposed initial business
    combination is not approved and we continue to search for a target company, we will promptly return any certificates or shares
    delivered by public stockholders who elected to redeem their shares.</FONT></TD></TR>
</TABLE>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 64%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our amended and restated
    certificate of incorporation will provide that we will only redeem our public shares so long as (after such redemption) our
    net tangible assets will be at least $5,000,001 either immediately prior to or upon consummation of our initial business combination
    and after payment of deferred underwriters&#8217; fees and commissions (so that we are not subject to the SEC&#8217;s &#8220;penny
    stock&#8221; rules) or any greater net tangible asset or cash requirement which may be contained in the agreement relating
    to our initial business combination. For example, the proposed initial business combination may require: (i)&nbsp;cash consideration
    to be paid to the target or its owners, (ii) cash to be transferred to the target for working capital or other general corporate
    purposes or (iii) the retention of cash to satisfy other conditions in accordance with the terms of the proposed initial business
    combination. In the event the aggregate cash consideration we would be required to pay for all shares of Class A common stock
    that are validly submitted for redemption plus any amount required to satisfy cash conditions pursuant to the terms of the
    proposed initial business combination exceed the aggregate amount of cash available to us, we will not complete the initial
    business combination or redeem any shares, and all shares of Class A common stock submitted for redemption will be returned
    to the holders thereof.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Limitation
    on redemption rights of stockholders holding more than 15% of the shares sold in this offering if we hold stockholder vote</B></FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notwithstanding the foregoing redemption rights,
    if we seek stockholder approval of our initial business combination and we do not conduct redemptions in connection with our
    initial business combination pursuant to the tender offer rules, our amended and restated certificate of incorporation will
    provide that a public stockholder, together with any affiliate of such stockholder or any other person with whom such stockholder
    is acting in concert or as a &#8220;group&#8221; (as defined under Section 13 of the Exchange Act), will be restricted from
    redeeming its shares with respect to more than an aggregate of 15% of the shares sold in this offering, without our prior
    consent. We believe the restriction described above will discourage stockholders from accumulating large blocks of shares,
    and subsequent attempts by such holders to use their ability to redeem their shares as a means to force us or our management
    to purchase their shares at a significant premium to the then-current&nbsp;market price or on other undesirable terms. Absent
    this provision, a public stockholder holding more than an aggregate of 15% of the shares sold in this offering could threaten
    to exercise its redemption rights against an initial business combination if such holder&#8217;s shares are not purchased
    by us or our management at a premium to the then-current&nbsp;market price or on other undesirable terms. By limiting our
    stockholders&#8217; ability to redeem to no more than 15% of the shares sold in this offering, we believe we will limit the
    ability of a small group of stockholders to unreasonably attempt to block our ability to complete our initial business combination,
    particularly in connection with an initial business combination with a target that requires as a closing condition that we
    have a minimum net worth or a certain amount of cash. However, we would not be restricting our stockholders&#8217; ability
    to vote all of their shares (including all shares held by those stockholders that hold more than 15% of the shares sold in
    this offering) for or against our initial business combination.</FONT></TD></TR>
</TABLE>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; width: 35%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Redemption
    rights in connection with proposed amendments to our certificate of incorporation</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 64%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our amended and restated
    certificate of incorporation will provide that any of its provisions related to pre-business&nbsp;combination activity (including
    the requirement to deposit proceeds of this offering and the private placement of warrants into the trust account and not
    release such amounts except in specified circumstances, and to provide redemption rights to public stockholders as described
    herein) may be amended if approved by holders of 65% of our common stock entitled to vote thereon, and corresponding provisions
    of the trust agreement governing the release of funds from our trust account may be amended if approved by holders of 65%
    of our common stock entitled to vote thereon. In all other instances, our amended and restated certificate of incorporation
    may be amended by holders of a majority of our outstanding common stock entitled to vote thereon, subject to applicable provisions
    of the Delaware General Corporation Law (&#8220;DGCL&#8221;) or applicable stock exchange rules. Our amended and restated
    certificate of incorporation will provide that we may not issue additional shares of capital stock that would entitle the
    holders thereof to receive funds from the trust account or vote on any initial business combination or on matters related
    to our pre-initial&nbsp;business combination activity. Our initial stockholders, who will collectively beneficially own 20%
    of our outstanding shares of common stock upon the closing of this offering (assuming they do not purchase any units in this
    offering), will participate in any vote to amend our amended and restated certificate of incorporation and/or trust agreement
    and will have the discretion to vote in any manner they choose. Our sponsor, executive officers, and directors have agreed,
    pursuant to a written agreement with us, that they will not propose any amendment to our amended and restated certificate
    of incorporation to (A) modify the substance or timing of our obligation to provide for the redemption of our public shares
    in connection with an initial business combination or to redeem 100% of our public shares if we do not complete our initial
    business combination within 24&nbsp;months from the closing of this offering or (B) with respect to any other material provisions
    relating to stockholders&#8217; rights or pre-initial&nbsp;business combination activity, unless we provide our public stockholders
    with the opportunity to redeem their shares of Class A common stock upon approval of any such amendment at a per-share&nbsp;price,
    payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest (which interest shall
    be net of taxes payable) divided by the number of then outstanding public shares. Our sponsor, officers and directors have
    entered into a letter agreement with us pursuant to which they have agreed to waive their redemption rights with respect to
    any founder shares and any public shares held by them in connection with the completion of our initial business combination.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; width: 35%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Release
    of funds in trust account on closing of our initial business combination</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 64%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On the completion of our
    initial business combination, the funds held in the trust account will be used to pay amounts due to any public stockholders
    who exercise their redemption rights as described above under &#8220;Redemption rights for public stockholders upon completion
    of our initial business combination.&#8221; We will use the remaining funds to pay the underwriters their deferred underwriting
    commissions, to pay all or a portion of the consideration payable to the target or owners of the target of our initial business
    combination and to pay other expenses associated with our initial business combination. If our initial business combination
    is paid for using equity or debt securities, or not all of the funds released from the trust account are used for payment
    of the consideration in connection with our initial business combination or used for redemption of our public shares, we may
    use the balance of the cash released to us from the trust account following the closing for general corporate purposes, including
    for maintenance or expansion of operations of post-transaction&nbsp;businesses, the payment of principal or interest due on
    indebtedness incurred in completing our initial business combination, to fund the purchase of other companies or for working
    capital.</FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Redemption
    of public shares and distribution and liquidation if no initial business combination</B></FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our amended and restated certificate of incorporation
    will provide that we will have only 24&nbsp;months from the closing of this offering to complete our initial business combination.
    If we are unable to complete our initial business combination within such 24-month&nbsp;period, we will: (i) cease all operations
    except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter,
    redeem the public shares, at a per-share&nbsp;price, payable in cash, equal to the aggregate amount then on deposit in the
    trust account, including interest earned on the funds held in the trust account and not previously released to us to pay our
    taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding public shares,
    which redemption will completely extinguish public stockholders&#8217; rights as stockholders (including the right to receive
    further liquidating distributions, if any), and (iii) as promptly as reasonably possible following such redemption, subject
    to the approval of our remaining stockholders and our board of directors, liquidate and dissolve, subject in each case to
    our obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. There
    will be no redemption rights or liquidating distributions with respect to our warrants, which will expire worthless if we
    fail to complete our initial business combination within the 24-month&nbsp;time period.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 64%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our sponsor, officers and
    directors have entered into a letter agreement with us, pursuant to which they have waived their rights to liquidating distributions
    from the trust account with respect to any founder shares held by them if we fail to complete our initial business combination
    within 24&nbsp;months from the closing of this offering. However, if our initial stockholders acquire public shares in or
    after this offering, they will be entitled to liquidating distributions from the trust account with respect to such public
    shares if we fail to complete our initial business combination within the allotted 24-month&nbsp;time period. The underwriters
    have agreed to waive their rights to their deferred underwriting commission held in the trust account in the event we do not
    complete our initial business combination and subsequently liquidate and, in such event, such amounts will be included with
    the funds held in the trust account that will be available to fund the redemption of our public shares.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Limited&nbsp;payments&nbsp;to&nbsp;insiders</B></FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">There will be no finder&#8217;s fees, reimbursement,
        consulting fee, non-cash&nbsp;payments, monies in respect of any payment of a loan or other compensation paid by us to
        our sponsor, officers or directors, or any affiliate of our sponsor or officers, prior to, or in connection with any services
        rendered in order to effectuate, the consummation of our initial business combination (regardless of the type of transaction
        that it is). However, the following payments may be made to our sponsor, officers or directors, or our or their affiliates,
        none of which will be made from the proceeds of this offering held in the trust account prior to the completion of our
        initial business combination:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -12pt">&#8226;&nbsp;&nbsp;&nbsp;Repayment
        of up to an aggregate of up to $300,000 in loans made to us by our sponsor to cover offering-related&nbsp;and organizational
        expenses</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -12pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -12pt">&#8226;&nbsp;&nbsp;&nbsp;Payment
        to our sponsor of $10,000 per month, for up to 24 months, for office space, utilities and secretarial
        and administrative support;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -12pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -12pt">&#8226;&nbsp;&nbsp;&nbsp;Reimbursement
        for any out-of-pocket&nbsp;expenses related to identifying, investigating, negotiating and completing an initial business
        combination; and</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -12pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -12pt">&#8226;&nbsp;&nbsp;&nbsp;Repayment
        of loans which may be made by our sponsor or an affiliate of our sponsor or certain of our officers and directors to finance
        transaction costs in connection with an intended initial business combination, the terms of which have not been determined
        nor have any written agreements been executed with respect thereto. Up to $1,500,000 of such loans may be convertible
        into warrants, at a price of $1.00 per warrant at the option of the lender. The warrants would be identical to the private
        placement warrants, including as to exercise price, exercisability and exercise period. The terms of such working capital
        loans by our sponsor or its affiliates, or our officers and directors, if any, have not been determined and no written
        agreements exist with respect to such loans.</P></TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 64%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our audit committee will
    review on a quarterly basis all payments that were made to our sponsor, officers or directors, or our or their affiliates.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Audit&nbsp;Committee</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 64%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We will establish and maintain
    an audit committee to, among other things, monitor compliance with the terms described above and the other terms relating
    to this offering. If any noncompliance is identified, then the audit committee will be charged with the responsibility to
    immediately take all action necessary to rectify such noncompliance or otherwise to cause compliance with the terms of this
    offering. For more information, see the section of this prospectus entitled &#8220;Management&nbsp;&#8212;&nbsp;Committees
    of the Board of Directors &#8212; Audit Committee.&#8221;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Indemnity</B></FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our sponsor has agreed that it will be liable
    to us if and to the extent any claims by a third party for services rendered or products sold to us, or a prospective target
    business with which we have entered into a written letter of intent, confidentiality or similar agreement or business combination
    agreement, reduce the amount of funds in the trust account to below the lesser of (i) $10.00 per public share and (ii) the
    actual amount per public share held in the trust account as of the date of the liquidation of the trust account, if less than
    $10.00 per share due to reductions in the value of the trust assets, less taxes payable; provided that such liability will
    not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the
    monies held in the trust account (whether or not such waiver is enforceable), nor will it apply to any claims under our indemnity
    of the underwriters of this offering against certain liabilities, including liabilities under the Securities Act. However,
    we have not asked our sponsor to reserve for such indemnification obligations, nor have we independently verified whether
    our sponsor has sufficient funds to satisfy its indemnity obligations, and believe that our sponsor&#8217;s only assets are
    securities of our company. Therefore, we cannot assure you that our sponsor would be able to satisfy those obligations. None
    of our officers or directors will indemnify us for claims by third parties, including, without limitation, claims by vendors
    and prospective target businesses.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RISKS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are a blank check company that has conducted no operations
and has generated no revenues to date. Until we complete our initial business combination, we will have no operations and will
generate no operating revenues. In making your decision whether to invest in our securities, you should take into account not
only the background of our management team, but also the special risks we face as a blank check company. This offering is not
being conducted in compliance with Rule 419 promulgated under the Securities Act. Accordingly, you will not be entitled to protections
normally afforded to investors in Rule 419 blank check offerings. For additional information concerning how Rule 419 blank check
offerings differ from this offering, please see the section of this prospectus entitled &#8220;Proposed Business &#8212; Comparison
of This Offering to Those of Blank Check Companies Subject to Rule&nbsp;419.&#8221; You should carefully consider these and the
other risks set forth in the section of this prospectus entitled &#8220;Risk Factors&#8221; beginning on page 27 of this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SUMMARY FINANCIAL DATA</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following table summarizes the relevant financial data
for our business and should be read with our financial statements, which are included in this prospectus. We have not had any
significant operations to date, so only balance sheet data is presented.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">July 22, 2020</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">(Audited)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 81%; text-align: left">Working capital (deficiency)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 16%; text-align: right">(18,378</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Total assets</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">68,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Total liabilities</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">43,878</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Stockholder&rsquo;s equity</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">24,122</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If no business combination is completed within 24&nbsp;months
from the closing of this offering, the proceeds then on deposit in the trust account including interest earned on the funds held
in the trust account and not previously released to us to pay our taxes (less $100,000 of interest to pay dissolution expenses),
will be used to fund the redemption of our public shares. Our sponsor, directors, director nominees and officers have entered
into a letter agreement with us, pursuant to which they have agreed to waive their rights to liquidating distributions from the
trust account with respect to any founder shares held by them if we fail to complete our initial business combination within such
time period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="x_001"></A>RISK FACTORS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>An investment in our securities involves a high degree of
risk. You should consider carefully all of the risks described below, together with the other information contained in this prospectus,
before making a decision to invest in our units. If any of the following events occur, our business, financial condition and operating
results may be materially adversely affected. In that event, the trading price of our securities could decline, and you could
lose all or part of your investment.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>We are a blank check company with no operating history
and no revenues, and you have no basis on which to evaluate our ability to achieve our business objective.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are a blank check company with no operating results, and
we will not commence operations until obtaining funding through this offering. Because we lack an operating history, you have
no basis upon which to evaluate our ability to achieve our business objective of completing our initial business combination with
one or more target businesses. We have no plans, arrangements or understandings with any prospective target business concerning
an initial business combination and may be unable to complete our initial business combination. If we fail to complete our initial
business combination, we will never generate any operating revenues.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Our independent registered public accounting firm&#8217;s
report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a &#8220;going concern.&#8221;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As of July 22, 2020, we had $25,500 in cash and a working capital
deficit of $(18,378). Further, we expect to incur significant costs in pursuit of our financing and acquisition plans. Management&#8217;s
plans to address this need for capital through this offering are discussed in the section of this prospectus titled &#8220;Management&#8217;s
Discussion and Analysis of Financial Condition and Results of Operations.&#8221; Our plans to raise capital and to consummate
our initial business combination may not be successful. These factors, among others, raise substantial doubt about our ability
to continue as a going concern. The financial statements contained elsewhere in this prospectus do not include any adjustments
that might result from our inability to consummate this offering or our inability to continue as a going concern.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Our public stockholders may not be afforded an opportunity
to vote on our proposed initial business combination, and even if we hold a vote, holders of our founder shares will participate
in such vote, which means we may complete our initial business combination even though a majority of our public stockholders do
not support such a combination.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We may choose not to hold a stockholder vote to approve our
initial business combination unless the initial business combination would require stockholder approval under applicable law or
stock exchange listing requirements. In such case, the decision as to whether we will seek stockholder approval of a proposed
initial business combination or will allow stockholders to sell their shares to us in a tender offer will be made by us, solely
in our discretion, and will be based on a variety of factors, such as the timing of the transaction and whether the terms of the
transaction would otherwise require us to seek stockholder approval. Even if we seek stockholder approval, the holders of our
founder shares will participate in the vote on such approval. Accordingly, we may complete our initial business combination even
if holders of a majority of our outstanding public shares do not approve of the initial business combination we complete. Please
see the section of this prospectus entitled &#8220;Proposed Business &#8212; Stockholders May Not Have the Ability to Approve
Our Initial Business Combination&#8221; for additional information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>If we seek stockholder approval of our initial business
combination, our initial stockholders have agreed to vote in favor of such initial business combination, regardless of how our
public stockholders vote.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to a letter agreement, our sponsor, officers and directors
have agreed to vote their founder shares, as well as any public shares purchased during or after this offering (including in open
market and privately-negotiated&nbsp;transactions), in favor of our initial business combination. As a result, in addition to
our initial stockholders&#8217; founder shares, we would need only 7,500,001, or 37.5%, of the 20,000,000 public shares sold in
this offering to be voted in favor of an initial business combination in order to have our initial business combination approved
(assuming all outstanding shares are voted and the over-allotment&nbsp;option is not exercised). Our initial stockholders will
own shares representing 20% of our outstanding shares of common stock immediately following the completion of this offering (assuming
they do not purchase any units in this offering). Accordingly, if we seek stockholder approval of our initial business combination,
the agreement by our initial stockholders to vote in favor of our initial business combination will increase the likelihood that
we will receive the requisite stockholder approval for such initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Your only opportunity to affect the investment decision
regarding a potential business combination will be limited to the exercise of your redemption rights, unless we seek stockholder
approval of the initial business combination.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">At the time of your investment in us, you will not be provided
with an opportunity to evaluate the specific merits or risks of our initial business combination. Accordingly, if we do not seek
stockholder approval, your only opportunity to affect the investment decision regarding a potential business combination may be
limited to exercising your redemption rights in connection with the closing of our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>The ability of our public stockholders to redeem their
shares for cash may make our financial condition unattractive to potential business combination targets, which may make it difficult
for us to enter into an agreement for an initial business combination with a target.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We may seek to enter into an initial business combination agreement
with a prospective target that requires as a closing condition that we have a minimum net worth or a certain amount of cash. If
too many public stockholders exercise their redemption rights, we would not be able to meet such closing condition and, as a result,
would not be able to proceed with the initial business combination. Furthermore, we will only redeem our public shares so long
as (after such redemption) our net tangible assets will be at least $5,000,001 as described above upon consummation of our initial
business combination and after payment of deferred underwriters&#8217; fees and commissions (so that we are not subject to the
SEC&#8217;s &#8220;penny stock&#8221; rules) or any greater net tangible asset or cash requirement that may be contained in the
agreement relating to our initial business combination. Consequently, if accepting all properly submitted redemption requests
would cause our net tangible assets to be less than $5,000,001 or such greater amount necessary to satisfy a closing condition,
each as described above, we would not proceed with such redemption and the related business combination and may instead search
for an alternate business combination. Prospective targets will be aware of these risks and, thus, may be reluctant to enter into
an initial business combination agreement with us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>The ability of our public stockholders to exercise redemption
rights with respect to a large number of our shares may not allow us to complete the most desirable business combination or optimize
our capital structure.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">At the time we enter into an agreement for our initial business
combination, we will not know how many stockholders may exercise their redemption rights, and therefore will need to structure
the transaction based on our expectations as to the number of shares that will be submitted for redemption. If our initial business
combination agreement requires us to use a portion of the cash in the trust account to pay the purchase price, or requires us
to have a minimum amount of cash at closing, we will need to reserve a portion of the cash in the trust account to meet such requirements,
or arrange for third-party&nbsp;financing. In addition, if a larger number of shares are submitted for redemption than we initially
expected, we may need to restructure the transaction to reserve a greater portion of the cash in the trust account or arrange
for third-party&nbsp;financing. Raising additional third-party&nbsp;financing may involve dilutive equity issuances or the incurrence
of indebtedness at higher than desirable levels. Furthermore, this dilution would increase to the extent that the anti-dilution&nbsp;provision
of the Class B common stock results in the issuance of Class A shares on a greater than one-to-one&nbsp;basis upon conversion
of the Class B common stock at the time of our business combination. The above considerations may limit our ability to complete
the most desirable business combination available to us or optimize our capital structure. The amount of the deferred underwriting
commissions payable to the underwriters is not required to be adjusted for any shares that are redeemed in connection with an
initial business combination. The per-share&nbsp;amount we will distribute to stockholders who properly exercise their redemption
rights will not be reduced by deferred underwriting commissions and after such redemptions, the per-share&nbsp;value of shares
held by non-redeeming&nbsp;stockholders will reflect our obligation to pay the deferred underwriting commissions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>The ability of our public stockholders to exercise redemption
rights with respect to a large number of our shares could increase the probability that our initial business combination would
be unsuccessful and that you would have to wait for liquidation in order to redeem your stock.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If our initial business combination agreement requires us to
use a portion of the cash in the trust account to pay the purchase price, or requires us to have a minimum amount of cash at closing,
the probability that our initial business combination would be unsuccessful is increased. If our initial business combination
is unsuccessful, you would not receive your&nbsp;<I>pro rata&nbsp;</I>portion of the trust account until we liquidate the trust
account. If you are in need of immediate liquidity, you could attempt to sell your stock in the open market; however, at such
time, our stock may trade at a discount to the&nbsp;<I>pro rata&nbsp;</I>amount per share in the trust account. In either situation,
you may suffer a material loss on your investment or lose the benefit of funds expected in connection with your exercise of redemption
rights until we liquidate or you are able to sell your stock in the open market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>The requirement that we complete our initial business
combination within the prescribed time frame may give potential target businesses leverage over us in negotiating an initial business
combination and may decrease our ability to conduct due diligence on potential business combination targets, in particular as
we approach our dissolution deadline, which could undermine our ability to complete our initial business combination on terms
that would produce value for our stockholders.</I></B></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Any potential target business with which we enter into negotiations
concerning an initial business combination will be aware that we must complete our initial business combination within 24&nbsp;months
from the closing of this offering. Consequently, such target business may have leverage over us in negotiating an initial business
combination, knowing that if we do not complete our initial business combination with that particular target business, we may
be unable to complete our initial business combination with any target business. This risk will increase as we get closer to the
timeframe described above. In addition, we may have limited time to conduct due diligence and may enter into our initial business
combination on terms that we would have rejected upon a more comprehensive investigation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>We may not be able to complete our initial business combination
within the prescribed time frame, in which case we would cease all operations except for the purpose of winding up and we would
redeem our public shares and liquidate, in which case our public stockholders may receive only $10.00 per share, or less than
such amount in certain circumstances, and our warrants will expire worthless.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our amended and restated certificate of incorporation will
provide that we must complete our initial business combination within 24&nbsp;months from the closing of this offering. We may
not be able to find a suitable target business and complete our initial business combination within such time period. Our ability
to complete our initial business combination may be negatively impacted by general market conditions, political considerations,
volatility in the capital and debt markets and the other risks described herein. If we have not completed our initial business
combination within such time period, we will: (i) cease all operations except for the purpose of winding up, (ii)&nbsp;as promptly
as reasonably possible but not more than 10 business days thereafter, redeem the public shares, at a per-share&nbsp;price, payable
in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the
trust account and not previously released to us to pay our taxes (less up to $100,000 of interest to pay dissolution expenses),
divided by the number of then outstanding public shares, which redemption will completely extinguish public stockholders&#8217;
rights as stockholders (including the right to receive further liquidating distributions, if any), and (iii) as promptly as reasonably
possible following such redemption, subject to the approval of our remaining stockholders and our board of directors, liquidate
and dissolve, subject in each case to our obligations under Delaware law to provide for claims of creditors and the requirements
of other applicable law. In such case, our public stockholders may receive only $10.00 per share, and our warrants will expire
worthless. In certain circumstances, our public stockholders may receive less than $10.00 per share on the redemption of their
shares. See &#8220;&#8212; If third parties bring claims against us, the proceeds held in the trust account could be reduced and
the per-share&nbsp;redemption amount received by stockholders may be less than $10.00 per share&#8221; and other risk factors
below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>If we seek stockholder approval of our initial business
combination, our sponsor, directors, officers, advisors and their affiliates may elect to purchase shares or warrants from public
holders, which may influence a vote on a proposed initial business combination and reduce the public &#8220;float&#8221; of our
Class A common stock or public warrants.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If we seek stockholder approval of our initial business combination
and we do not conduct redemptions in connection with our initial business combination pursuant to the tender offer rules, our
sponsor, directors, officers, advisors or their affiliates may purchase shares or public warrants or a combination thereof, in
privately-negotiated&nbsp;transactions or in the open market, either prior to or following the completion of our initial business
combination, although they are under no obligation to do so. However, they have no current commitments, plans or intentions to
engage in such transactions and have not formulated any terms or conditions for any such transactions. None of the funds in the
trust account will be used to purchase shares or public warrants in such transactions. See &#8220;Proposed Business &#8212; Permitted
Purchases of Our Securities&#8221; for a description of how our sponsor, initial stockholders, directors, officers, advisors or
any of their affiliates will select which stockholders to purchase securities from in any private transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Such a purchase may include a contractual acknowledgement that
such stockholder, although still the record holder of our shares, is no longer the beneficial owner thereof and therefore agrees
not to exercise its redemption rights. In the event that our sponsor, directors, officers, advisors or their affiliates purchase
shares in privately-negotiated&nbsp;transactions from public stockholders who have already elected to exercise their redemption
rights, such selling stockholders would be required to revoke their prior elections to redeem their shares. The price per share
paid in any such transactions may be different than the amount per share a public stockholder would receive if such public stockholder
elected to redeem its shares in connection with our initial business combination. The purpose of such purchases could be to vote
such shares in favor of the initial business combination and thereby increase the likelihood of obtaining stockholder approval
of the initial business combination, or to satisfy a closing condition in an agreement with a target that requires us to have
a minimum net worth or a certain amount of cash at the closing of our initial business combination, where it appears that such
requirement would otherwise not be met. The purpose of any such purchases of public warrants could be to reduce the number of
public warrants outstanding or to vote such warrants on any matters submitted to the warrantholders for approval in connection
with our initial business combination. Any such purchases of our securities may result in the completion of our initial business
combination that may not otherwise have been possible. Any such purchases will be reported pursuant to Section 13 and Section&nbsp;16
of the Exchange Act to the extent such purchasers are subject to such reporting requirements.</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In addition, if such purchases are made, the public &#8220;float&#8221;
of our Class A common stock or public warrants and the number of beneficial holders of our securities may be reduced, possibly
making it difficult to obtain or maintain the quotation, listing or trading of our securities on a national securities exchange.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>If a stockholder fails to receive notice of our offer
to redeem our public shares in connection with our initial business combination, or fails to comply with the procedures for submitting
or tendering its shares, such shares may not be redeemed.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will comply with the proxy rules or tender offer rules,
as applicable, when conducting redemptions in connection with our initial business combination. Despite our compliance with these
rules, if a stockholder fails to receive our proxy materials or tender offer documents, as applicable, such stockholder may not
become aware of the opportunity to redeem its shares. In addition, proxy materials or tender offer documents, as applicable, that
we will furnish to holders of our public shares in connection with our initial business combination will describe the various
procedures that must be complied with in order to validly tender or submit public shares for redemption. For example, we intend
to require our public stockholders seeking to exercise their redemption rights, whether they are record holders or hold their
shares in &#8220;street name,&#8221; to, at the holder&#8217;s option, either deliver their stock certificates to our transfer
agent, or to deliver their shares to our transfer agent electronically prior to the date set forth in the proxy materials or tender
offer documents, as applicable. In the case of proxy materials, this date may be up to two business days prior to the vote on
the proposal to approve the initial business combination. In addition, if we conduct redemptions in connection with a stockholder
vote, we intend to require a public stockholder seeking redemption of its public shares to also submit a written request for redemption
to our transfer agent two business days prior to the vote in which the name of the beneficial owner of such shares is included.
In the event that a stockholder fails to comply with these or any other procedures disclosed in the proxy or tender offer materials,
as applicable, its shares may not be redeemed. See the section of this prospectus entitled &#8220;Proposed Business &#8212; Submitting
Stock Certificates in Connection with Redemption Rights.&#8221;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>You will not have any rights or interests in funds from
the trust account, except under certain limited circumstances. To liquidate your investment, therefore, you may be forced to sell
your public shares or warrants, potentially at a loss.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our public stockholders will be entitled to receive funds from
the trust account only upon the earliest to occur of: (i) our completion of an initial business combination, and then only in
connection with those shares of Class A common stock that such stockholder properly elected to redeem, subject to the limitations
described herein, (ii) the redemption of any public shares properly submitted in connection with a stockholder vote to amend our
amended and restated certificate of incorporation to (A) modify the substance or timing of our obligation to provide for the redemption
of our public shares in connection with an initial business combination or to redeem 100% of our public shares if we do not complete
our initial business combination within 24&nbsp;months from the closing of this offering or (B) with respect to any other material
provisions relating to stockholders&#8217; rights or pre-initial&nbsp;business combination activity, and (iii) the redemption
of our public shares if we are unable to complete an initial business combination within 24&nbsp;months from the closing of this
offering, subject to applicable law and as further described herein. In addition, if our plan to redeem our public shares if we
are unable to complete an initial business combination within 24&nbsp;months from the closing of this offering is not completed
for any reason, compliance with Delaware law may require that we submit a plan of dissolution to our then-existing&nbsp;stockholders
for approval prior to the distribution of the proceeds held in our trust account. In that case, public stockholders may be forced
to wait beyond 24&nbsp;months from the closing of this offering before they receive funds from our trust account. In no other
circumstances will a public stockholder have any right or interest of any kind in the trust account. Holders of warrants will
not have any right to the proceeds held in the trust account with respect to the warrants. Accordingly, to liquidate your investment,
you may be forced to sell your public shares or warrants, potentially at a loss.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Nasdaq may delist our securities from trading on its
exchange, which could limit investors&#8217; ability to make transactions in our securities and subject us to additional trading
restrictions.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> We have applied to have our units listed on Nasdaq. We expect
that our units will be listed on Nasdaq on or promptly after the date of this prospectus. Following the date the shares of our
Class A common stock and warrants are eligible to trade separately, we anticipate that the shares of our Class A common stock
and warrants will be separately listed on Nasdaq. We cannot guarantee that our securities will be approved for listing on Nasdaq.
Although after giving effect to this offering we expect to meet, on a pro forma basis, the minimum initial listing standards set
forth in Nasdaq listing standards, we cannot assure you that our securities will be, or will continue to be, listed on Nasdaq
in the future or prior to our initial business combination. In order to continue listing our securities on Nasdaq prior to our
initial business combination, we must maintain certain financial, distribution and stock price levels. Generally, we must maintain
a minimum amount in stockholders&#8217; equity ($2,500,000) and a minimum number of holders of our securities (generally 300 public
holders). Additionally, in connection with our initial business combination, we will be required to demonstrate compliance with
NASDAQ&#8217;s initial listing requirements, which are more rigorous than NASDAQ&#8217;s continued listing requirements, in order
to continue to maintain the listing of our securities on NASDAQ. For instance, our stock price would generally be required to
be at least $4 per share, our stockholders&#8217; equity would generally be required to be at least $5,000,000 and we would be
required to have 300 round lot holders (with at least 50% of such holders holding securities with a market value of at least $2,500).
We cannot assure you that we will be able to meet those initial listing requirements at that time. If Nasdaq delists our securities
from trading on its exchange and we are not able to list our securities on another national securities exchange, we expect our
securities could be quoted on an over-the-counter&nbsp;market. If this were to occur, we could face significant material adverse
consequences, including: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
limited availability of market quotations for our securities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;reduced
liquidity for our securities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
determination that our Class A common stock is a &#8220;penny stock&#8221; which will require brokers trading in our Class A common
stock to adhere to more stringent rules and possibly result in a reduced level of trading activity in the secondary trading market
for our securities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
limited amount of news and analyst coverage; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
decreased ability to issue additional securities or obtain additional financing in the future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The National Securities Markets Improvement Act of 1996, which
is a federal statute, prevents or preempts the states from regulating the sale of certain securities, which are referred to as
 &#8220;covered securities.&#8221; Because we expect that our units and eventually our Class A common stock and warrants will be
listed on Nasdaq, our units, Class A common stock and warrants will be covered securities. Although the states are preempted from
regulating the sale of our securities, the federal statute does allow the states to investigate companies if there is a suspicion
of fraud, and, if there is a finding of fraudulent activity, then the states can regulate or bar the sale of covered securities
in a particular case. While we are not aware of a state having used these powers to prohibit or restrict the sale of securities
issued by blank check companies, other than the State of Idaho, certain state securities regulators view blank check companies
unfavorably and might use these powers, or threaten to use these powers, to hinder the sale of securities of blank check companies
in their states. Further, if we were no longer listed on Nasdaq, our securities would not be covered securities and we would be
subject to regulation in each state in which we offer our securities, including in connection with our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>You will not be entitled to protections normally afforded
to investors of many other blank check companies.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Since the net proceeds of this offering and the sale of the
private placement warrants are intended to be used to complete an initial business combination with a target business that has
not been identified, we may be deemed to be a &#8220;blank check&#8221; company under the U.S. securities laws. However, because
we will have net tangible assets in excess of $5,000,000 upon the successful completion of this offering and the sale of the private
placement&nbsp;warrants and will file a Current Report on Form 8-K, including an audited balance sheet demonstrating this fact,
we are exempt from rules promulgated by the SEC to protect investors in blank check companies, such as Rule 419. Accordingly,
investors will not be afforded the benefits or protections of those rules. Among other things, this means our units will be immediately
tradable and we will have a longer period of time to complete our initial business combination than companies subject to Rule
419. Moreover, if this offering were subject to Rule 419, that rule would prohibit the release of any interest earned on funds
held in the trust account to us unless and until the funds in the trust account were released to us in connection with our completion
of an initial business combination. For a more detailed comparison of our offering to offerings that comply with Rule 419, please
see the section of this prospectus entitled &#8220;Proposed Business &#8212; Comparison of This Offering to Those of Blank Check
Companies Subject to Rule 419.&#8221;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>If we seek stockholder approval of our initial business
combination and we do not conduct redemptions pursuant to the tender offer rules, and if you or a &#8220;group&#8221; of stockholders
are deemed to hold in excess of 15% of our Class A common stock, you will lose the ability to redeem all such shares in excess
of 15% of our Class A common stock.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If we seek stockholder approval of our initial business combination
and we do not conduct redemptions in connection with our initial business combination pursuant to the tender offer rules, our
amended and restated certificate of incorporation will provide that a public stockholder, together with any affiliate of such
stockholder or any other person with whom such stockholder is acting in concert or as a &#8220;group&#8221; (as defined under
Section 13 of the Exchange Act), will be restricted from seeking redemption rights with respect to more than an aggregate of 15%
of the shares sold in this offering without our prior consent, which we refer to as the &#8220;Excess Shares.&#8221; However,
we would not be restricting our stockholders&#8217; ability to vote all of their shares (including Excess Shares) for or against
our initial business combination. Your inability to redeem the Excess Shares will reduce your influence over our ability to complete
our initial business combination and you could suffer a material loss on your investment in us if you sell Excess Shares in open
market transactions. Additionally, you will not receive redemption distributions with respect to the Excess Shares if we complete
our initial business combination. And as a result, you will continue to hold that number of shares exceeding 15% and, in order
to dispose of such shares, would be required to sell your stock in open market transactions, potentially at a loss.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Because of our limited resources and the significant
competition for business combination opportunities, it may be more difficult for us to complete our initial business combination.
If we are unable to complete our initial business combination, our public stockholders may receive only approximately $10.00 per
share on our redemption of our public shares, or less than such amount in certain circumstances, and our warrants will expire
worthless.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We expect to encounter competition from other entities having
a business objective similar to ours, including private investors (which may be individuals or investment partnerships), other
blank check companies and other entities, domestic and international, competing for the types of businesses we intend to acquire.
Many of these individuals and entities are well-established&nbsp;and have extensive experience in identifying and effecting, directly
or indirectly, acquisitions of companies operating in or providing services to various industries. Many of these competitors possess
similar or greater technical, human and other resources to ours, and our financial resources will be relatively limited when contrasted
with those of many of these competitors. While we believe there are numerous target businesses we could potentially acquire with
the net proceeds of this offering and the sale of the private placement warrants, our ability to compete with respect to the acquisition
of certain target businesses that are sizable will be limited by our available financial resources. This inherent competitive
limitation gives others an advantage in pursuing the acquisition of certain target businesses. Furthermore, because we are obligated
to pay cash for the shares of Class A common stock which our public stockholders redeem in connection with our initial business
combination, target companies will be aware that this may reduce the resources available to us for our initial business combination.
Any of these obligations may place us at a competitive disadvantage in successfully negotiating an initial business combination.
If we are unable to complete our initial business combination, our public stockholders may receive only approximately $10.00 per
share on the liquidation of our trust account and our warrants will expire worthless. In certain circumstances, our public stockholders
may receive less than $10.00 per share upon our liquidation. See &#8220;&#8212; If third parties bring claims against us, the
proceeds held in the trust account could be reduced and the per-share&nbsp;redemption amount received by stockholders may be less
than $10.00 per share&#8221; and other risk factors below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>If the net proceeds of this offering and the sale of
the private placement warrants not being held in the trust account are insufficient to allow us to operate for at least the next
24 months, we may be unable to complete our initial business combination, in which case our public stockholders may only receive
$10.00 per share, or less than such amount in certain circumstances, and our warrants will expire worthless.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The funds available to us outside of the trust account may
not be sufficient to allow us to operate for at least the next 24&nbsp;months following the closing of this offering, assuming
that our initial business combination is not completed during that time. We believe that, upon the closing of this offering, the
funds available to us outside of the trust account will be sufficient to allow us to operate for at least the next 24&nbsp;months;
however, we cannot assure you that our estimate is accurate. Of the funds available to us, we could use a portion of the funds
available to us to pay fees to consultants to assist us with our search for a target business. We could also use a portion of
the funds as a down payment or to fund a &#8220;no-shop&#8221; provision (a provision in letters of intent or merger agreements
designed to keep target businesses from &#8220;shopping&#8221; around for transactions with other companies or investors on terms
more favorable to such target businesses) with respect to a particular proposed initial business combination, although we do not
have any current intention to do so. If we entered into a letter of intent or merger agreement where we paid for the right to
receive exclusivity from a target business and were subsequently required to forfeit such funds (whether as a result of our breach
or otherwise), we might not have sufficient funds to continue searching for, or conduct due diligence with respect to, a target
business. Of the net proceeds of this offering and the sale of the private placement warrants, only approximately $1,000,000 will
be available to us initially outside the trust account to fund our working capital requirements. In the event that our offering
expenses exceed our estimate of $750,000, we may fund such excess with funds not to be held in the trust account. In such case,
the amount of funds we intend to be held outside the trust account would decrease by a corresponding amount. Conversely, in the
event that the offering expenses are less than our estimate of $750,000, the amount of funds we intend to be held outside the
trust account would increase by a corresponding amount. If we are required to seek additional capital, we would need to borrow
funds from our sponsor, management team or other third parties to operate or may be forced to liquidate. None of our sponsor,
or any affiliate of our sponsor or any of our officers and directors is under any obligation to advance funds to us in such circumstances.
Any such advances would be repaid only from funds held outside the trust account or from funds released to us upon completion
of our initial business combination. Up to $1,500,000 of such loans may be convertible into private placement-equivalent&nbsp;warrants
at a price of $1.00 per warrant at the option of the lender. Prior to the completion of our initial business combination, we do
not expect to seek advances or loans from parties other than our sponsor or an affiliate of our sponsor as we do not believe third
parties will be willing to loan such funds and provide a waiver against any and all rights to seek access to funds in our trust
account. If we are unable to obtain these loans, we may be unable to complete our initial business combination. If we are unable
to complete our initial business combination, our public stockholders may receive only approximately $10.00 per share on the liquidation
of our trust account and our warrants will expire worthless. In certain circumstances, our public stockholders may receive less
than $10.00 per share upon our liquidation. See &#8220;&#8212; If third parties bring claims against us, the proceeds held in
the trust account could be reduced and the per-share&nbsp;redemption amount received by stockholders may be less than $10.00 per
share&#8221; and other risk factors below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Subsequent to the completion of our initial business
combination, we may be required to take write-downs or write-offs, restructuring and impairment or other charges that could have
a significant negative effect on our financial condition, results of operations and our stock price, and which could cause you
to lose some or all of your investment.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Even if we conduct extensive due diligence on a target business
with which we combine, we cannot assure you that this diligence will identify all material issues that may be present within a
particular target business, that it would be possible to uncover all material issues through a customary amount of due diligence,
or that factors outside of the target business and outside of our control will not later arise. As a result of these factors,
we may be forced to later write-down&nbsp;or write-off&nbsp;assets, restructure our operations or incur impairment or other charges
that could result in our reporting losses. Even if our due diligence successfully identifies certain risks, unexpected risks may
arise and previously known risks may materialize in a manner not consistent with our preliminary risk analysis. Even though these
charges may be non-cash&nbsp;items and not have an immediate impact on our liquidity, the fact that we report charges of this
nature could contribute to negative market perceptions about us or our securities. In addition, charges of this nature may cause
us to violate net worth or other covenants to which we may be subject as a result of assuming pre-existing&nbsp;debt held by a
target business or by virtue of our obtaining debt financing to partially finance the initial business combination or thereafter.
Accordingly, any stockholders who choose to remain stockholders following the initial business combination could suffer a reduction
in the value of their shares. Such stockholders are unlikely to have a remedy for such reduction in value.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>If third parties bring claims against us, the proceeds
held in the trust account could be reduced and the per-share redemption amount received by stockholders may be less than $10.00
per share.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our placing of funds in the trust account may not protect those
funds from third-party&nbsp;claims against us. Although we will seek to have all vendors, service providers, prospective target
businesses and other entities with which we do business execute agreements with us waiving any right, title, interest or claim
of any kind in or to any monies held in the trust account for the benefit of our public stockholders, such parties may not execute
such agreements, or even if they execute such agreements, they may not be prevented from bringing claims against the trust account,
including, but not limited to, fraudulent inducement, breach of fiduciary responsibility or other similar claims, as well as claims
challenging the enforceability of the waiver, in each case in order to gain advantage with respect to a claim against our assets,
including the funds held in the trust account. If any third party refuses to enter into an agreement waiving such claims to the
monies held in the trust account, our management will consider whether competitive alternatives are reasonably available to us,
and will only enter into an agreement with such third party if our management believes that such third party&#8217;s engagement
would be in our best interests under the circumstances. Marcum LLP, our independent registered public accounting firm, and the
underwriters of the offering, will not execute agreements with us waiving such claims to the monies held in the trust account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Examples of possible instances where we may engage a third
party that refuses to execute a waiver include the engagement of a third-party&nbsp;consultant whose particular expertise or skills
are believed by management to be significantly superior to those of other consultants that would agree to execute a waiver or
in cases where management is unable to find a service provider willing to execute a waiver. In addition, there is no guarantee
that such entities will agree to waive any claims they may have in the future as a result of, or arising out of, any negotiations,
contracts or agreements with us and will not seek recourse against the trust account for any reason. Upon redemption of our public
shares, if we are unable to complete our initial business combination within the prescribed timeframe, or upon the exercise of
a redemption right in connection with our initial business combination, we will be required to provide for payment of claims of
creditors that were not waived that may be brought against us within the 10 years following redemption. Accordingly, the per-share&nbsp;redemption
amount received by public stockholders could be less than the $10.00 per share initially held in the trust account, due to claims
of such creditors. Pursuant to the letter agreement, the form of which is filed as Exhibit 10.1 to the registration statement
of which this prospectus forms a part, our sponsor has agreed that it will be liable to us if and to the extent any claims by
a third party for services rendered or products sold to us, or a prospective target business with which we have entered into a
written letter of intent, confidentiality or similar agreement or business combination agreement, reduce the amount of funds in
the trust account to below the lesser of (i) $10.00 per public share and (ii) the actual amount per public share held in the trust
account as of the date of the liquidation of the trust account, if less than $10.00 per share due to reductions in the value of
the trust assets, less taxes payable; provided that such liability will not apply to any claims by a third party or prospective
target business who executed a waiver of any and all rights to the monies held in the trust account (whether or not such waiver
is enforceable) nor will it apply to any claims under our indemnity of the underwriters of this offering against certain liabilities,
including liabilities under the Securities Act. However, we have not asked our sponsor to reserve for such indemnification obligations,
nor have we independently verified whether our sponsor has sufficient funds to satisfy its indemnity obligations, and believe
that our sponsor&#8217;s only assets are securities of our company. As a result, if any such claims were successfully made against
the trust account, the funds available for our initial business combination and redemptions could be reduced to less than $10.00
per public share. In such event, we may not be able to complete our initial business combination, and you would receive such lesser
amount per share in connection with any redemption of your public shares. Therefore, we cannot assure you that our sponsor would
be able to satisfy those obligations. None of our officers or directors will indemnify us for claims by third parties, including,
without limitation, claims by vendors and prospective target businesses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Our directors may decide not to enforce the indemnification
obligations of our sponsor, resulting in a reduction in the amount of funds in the trust account available for distribution to
our public stockholders.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In the event that the proceeds in the trust account are reduced
below the lesser of (i) $10.00 per share and (ii)&nbsp;the actual amount per share held in the trust account as of the date of
the liquidation of the trust account if less than $10.00 per share due to reductions in the value of the trust assets, in each
case net of the interest, which may be withdrawn to pay taxes, and our sponsor asserts that it is unable to satisfy its obligations
or that it has no indemnification obligations related to a particular claim, our independent directors would determine whether
to take legal action against our sponsor to enforce its indemnification obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">While we currently expect that our independent directors would
take legal action on our behalf against our sponsor to enforce its indemnification obligations to us, it is possible that our
independent directors, in exercising their business judgment and subject to their fiduciary duties, may choose not to do so in
any particular instance if, for example, the cost of such legal action is deemed by the independent directors to be too high relative
to the amount recoverable or if the independent directors determine that a favorable outcome is not likely. If our independent
directors choose not to enforce these indemnification obligations, the amount of funds in the trust account available for distribution
to our public stockholders may be reduced below $10.00 per share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>We may not have sufficient funds to satisfy indemnification
claims of our directors and executive officers.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We have agreed to indemnify our officers and directors to the
fullest extent permitted by law. However, our officers and directors have agreed to waive (and any other persons who may become
an officer or director prior to the initial business combination will also be required to waive) any right, title, interest or
claim of any kind in or to any monies in the trust account and not to seek recourse against the trust account for any reason whatsoever.
Accordingly, any indemnification provided will be able to be satisfied by us only if (i) we have sufficient funds outside of the
trust account or (ii) we consummate an initial business combination. Our obligation to indemnify our officers and directors may
discourage stockholders from bringing a lawsuit against our officers or directors for breach of their fiduciary duty. These provisions
also may have the effect of reducing the likelihood of derivative litigation against our officers and directors, even though such
an action, if successful, might otherwise benefit us and our stockholders. Furthermore, a stockholder&#8217;s investment may be
adversely affected to the extent we pay the costs of settlement and damage awards against our officers and directors pursuant
to these indemnification provisions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>If, after we distribute the proceeds in the trust account
to our public stockholders, we file a bankruptcy petition or an involuntary bankruptcy petition is filed against us that is not
dismissed, a bankruptcy court may seek to recover such proceeds, and we and our board may be exposed to claims of punitive damages.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If, after we distribute the proceeds in the trust account to
our public stockholders, we file a bankruptcy petition or an involuntary bankruptcy petition is filed against us that is not dismissed,
any distributions received by stockholders could be viewed under applicable debtor/creditor and/or bankruptcy laws as either a
 &#8220;preferential transfer&#8221; or a &#8220;fraudulent conveyance.&#8221; As a result, a bankruptcy court could seek to recover
all amounts received by our stockholders. In addition, our board of directors may be viewed as having breached its fiduciary duty
to our creditors and/or having acted in bad faith, thereby exposing itself and us to claims of punitive damages, by paying public
stockholders from the trust account prior to addressing the claims of creditors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>If, before distributing the proceeds in the trust account
to our public stockholders, we file a bankruptcy petition or an involuntary bankruptcy petition is filed against us that is not
dismissed, the claims of creditors in such proceeding may have priority over the claims of our stockholders and the per-share
amount that would otherwise be received by our stockholders in connection with our liquidation may be reduced.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If, before distributing the proceeds in the trust account to
our public stockholders, we file a bankruptcy petition or an involuntary bankruptcy petition is filed against us that is not dismissed,
the proceeds held in the trust account could be subject to applicable bankruptcy law, and may be included in our bankruptcy estate
and subject to the claims of third parties with priority over the claims of our stockholders. To the extent any bankruptcy claims
deplete the trust account, the per-share&nbsp;amount that would otherwise be received by our stockholders in connection with our
liquidation may be reduced.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>The securities in which we invest the funds held in the
trust account could bear a negative rate of interest, which could reduce the value of the assets held in trust such that the per-share
redemption amount received by public shareholders may be less than $10.00 per share</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The proceeds held in the trust account will be invested only
in U.S. government treasury obligations with a maturity of 185 days or less or in money market funds meeting certain conditions
under Rule 2a-7 under the Investment Company Act, which invest only in direct U.S. government treasury obligations. While short-term
U.S. government treasury obligations currently yield a positive rate of interest, they have briefly yielded negative interest
rates in recent years. Central banks in Europe and Japan pursued interest rates below zero in recent years, and the Open Market
Committee of the Federal Reserve has not ruled out the possibility that it may in the future adopt similar policies in the United
States. In the event that we are unable to complete our initial business combination or make certain amendments to our amended
and restated memorandum and articles of association, our public shareholders are entitled to receive their pro-rata share of the
proceeds held in the trust account, plus any interest income, net of taxes paid or payable (less, in the case we are unable to
complete our initial business combination, $100,000 of interest). Negative interest rates could reduce the value of the assets
held in trust such that the per-share redemption amount received by public shareholders may be less than $10.00 per share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>If we are deemed to be an investment company under the
Investment Company Act, we may be required to institute burdensome compliance requirements and our activities may be restricted,
which may make it difficult for us to complete our initial business combination.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If we are deemed to be an investment company under the Investment
Company Act, our activities may be restricted, including:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;restrictions
on the nature of our investments; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;restrictions
on the issuance of securities, each of which may make it difficult for us to complete our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In addition, we may have imposed upon us burdensome requirements,
including:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;registration
as an investment company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;adoption
of a specific form of corporate structure; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;reporting,
record keeping, voting, proxy and disclosure requirements and other rules and regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In order not to be regulated as an investment company under
the Investment Company Act, unless we can qualify for an exclusion, we must ensure that we are engaged primarily in a business
other than investing, reinvesting or trading in securities and that our activities do not include investing, reinvesting, owning,
holding or trading &#8220;investment securities&#8221; constituting more than 40% of our total assets (exclusive of U.S. government
securities and cash items) on an unconsolidated basis. Our business will be to identify and complete an initial business combination
and thereafter to operate the post-transaction&nbsp;business or assets for the long term. We do not plan to buy businesses or
assets with a view to resale or profit from their resale. We do not plan to buy unrelated businesses or assets or to be a passive
investor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We do not believe that our anticipated principal activities
will subject us to the Investment Company Act. To this end, the proceeds held in the trust account may only be invested in U.S.
 &#8220;government securities,&#8221; within the meaning of Section 2(a)(16) of the Investment Company Act, having a maturity of
185 days or less or in money market funds meeting certain conditions under Rule 2a-7&nbsp;promulgated under the Investment Company
Act, which invest only in direct U.S. government treasury obligations. Pursuant to the trust agreement, the trustee is not permitted
to invest in other securities or assets. By restricting the investment of the proceeds to these instruments, and by having a business
plan targeted at acquiring and growing businesses for the long term (rather than on buying and selling businesses in the manner
of a merchant bank or private equity fund), we intend to avoid being deemed an &#8220;investment company&#8221; within the meaning
of the Investment Company Act. This offering is not intended for persons who are seeking a return on investments in government
securities or investment securities. The trust account is intended as a holding place for funds pending the earliest to occur
of: (i) the completion of our initial business combination; (ii) the redemption of any public shares properly submitted in connection
with a stockholder vote to amend our amended and restated certificate of incorporation to (A) modify the substance or timing of
our obligation to provide for the redemption of our public shares in connection with an initial business combination or to redeem
100% of our public shares if we do not complete our initial business combination within 24&nbsp;months from the closing of this
offering or (B) with respect to any other material provisions relating to stockholders&#8217; rights or pre-initial&nbsp;business
combination activity; or (iii) absent an initial business combination within 24&nbsp;months from the closing of this offering,
our return of the funds held in the trust account to our public stockholders as part of our redemption of the public shares. If
we do not invest the proceeds as discussed above, we may be deemed to be subject to the Investment Company Act. If we were deemed
to be subject to the Investment Company Act, compliance with these additional regulatory burdens would require additional expenses
for which we have not allotted funds and may hinder our ability to complete an initial business combination or may result in our
liquidation. If we are unable to complete our initial business combination, our public stockholders may receive only approximately
$10.00 per share, or less in certain circumstances described herein, on the liquidation of our trust account and our warrants
will expire worthless.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Changes in laws or regulations, or a failure to comply
with any laws and regulations, may adversely affect our business, including our ability to negotiate and complete our initial
business combination and results of operations.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are subject to laws and regulations enacted by national,
regional and local governments. In particular, we will be required to comply with certain SEC and other legal requirements. Compliance
with, and monitoring of, applicable laws and regulations may be difficult, time consuming and costly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Those laws and regulations and their interpretation and application
may also change from time to time and those changes could have a material adverse effect on our business, investments and results
of operations. In addition, a failure to comply with applicable laws or regulations, as interpreted and applied, could have a
material adverse effect on our business, including our ability to negotiate and complete our initial business combination and
results of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Our stockholders may be held liable for claims by third
parties against us to the extent of distributions received by them upon redemption of their shares.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Under the DGCL, stockholders may be held liable for claims
by third parties against a corporation to the extent of distributions received by them in a dissolution. The&nbsp;<I>pro rata&nbsp;</I>portion
of our trust account distributed to our public stockholders upon the redemption of our public shares in the event we do not complete
our initial business combination within 24&nbsp;months from the closing of this offering may be considered a liquidating distribution
under Delaware law. If a corporation complies with certain procedures set forth in Section 280 of the DGCL intended to ensure
that it makes reasonable provision for all claims against it, including a 60-day&nbsp;notice period during which any third-party&nbsp;claims
can be brought against the corporation, a 90-day&nbsp;period during which the corporation may reject any claims brought, and an
additional 150-day&nbsp;waiting period before any liquidating distributions are made to stockholders, any liability of stockholders
with respect to a liquidating distribution is limited to the lesser of such stockholder&#8217;s&nbsp;<I>pro rata&nbsp;</I>share
of the claim or the amount distributed to the stockholder, and any liability of the stockholder would be barred after the third
anniversary of the dissolution. However, it is our intention to redeem our public shares as soon as reasonably possible following
the 24<SUP>th</SUP>&nbsp;month from the closing of this offering in the event we do not complete our initial business combination
and, therefore, we do not intend to comply with the foregoing procedures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Because we will not be complying with Section 280, Section
281(b) of the DGCL requires us to adopt a plan, based on facts known to us at such time that will provide for our payment of all
existing and pending claims or claims that may be potentially brought against us within the 10 years following our dissolution.
However, because we are a blank check company, rather than an operating company, and our operations will be limited to searching
for prospective target businesses to acquire, the only likely claims to arise would be from our vendors (such as lawyers, investment
bankers, etc.) or prospective target businesses. If our plan of distribution complies with Section 281(b) of the DGCL, any liability
of stockholders with respect to a liquidating distribution is limited to the lesser of such stockholder&#8217;s pro rata share
of the claim or the amount distributed to the stockholder, and any liability of the stockholder would likely be barred after the
third anniversary of the dissolution. We cannot assure you that we will properly assess all claims that may be potentially brought
against us. As such, our stockholders could potentially be liable for any claims to the extent of distributions received by them
(but no more) and any liability of our stockholders may extend beyond the third anniversary of such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Furthermore, if the&nbsp;<I>pro rata&nbsp;</I>portion of our
trust account distributed to our public stockholders upon the redemption of our public shares in the event we do not complete
our initial business combination within 24&nbsp;months from the closing of this offering is not considered a liquidating distribution
under Delaware law and such redemption distribution is deemed to be unlawful (potentially due to the imposition of legal proceedings
that a party may bring or due to other circumstances that are currently unknown), then pursuant to Section 174 of the DGCL, the
statute of limitations for claims of creditors could then be six years after the unlawful redemption distribution, instead of
three years, as in the case of a liquidating distribution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>We may not hold an annual meeting of stockholders until
after the consummation of our initial business combination, which could delay the opportunity for our stockholders to elect directors.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In accordance with Nasdaq rules, we are not required to hold
an annual meeting until one year after the first fiscal year ending following our initial listing. We may not hold an annual meeting
of stockholders until after we consummate a business combination (unless required by Nasdaq), and thus may not be in compliance
with Section 211(b) of the DGCL, which requires an annual meeting of stockholders be held for the purposes of electing directors
in accordance with a company&#8217;s bylaws unless such election is made by written consent in lieu of such a meeting. Therefore,
if our stockholders want us to hold an annual meeting prior to our consummation of a business combination, they may attempt to
force us to hold one by submitting an application to the Delaware Court of Chancery in accordance with Section 211(c) of the DGCL.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>We are not registering the shares of Class A common stock
issuable upon exercise of the warrants under the Securities Act or any state securities laws at this time, and such registration
may not be in place when an investor desires to exercise warrants, thus precluding such investor from being able to exercise its
warrants except on a cashless basis. If the issuance of the shares upon exercise of warrants is not registered, qualified or exempt
from registration or qualification, the holder of such warrant will not be entitled to exercise such warrant and such warrant
may have no value and expire worthless.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are not registering the shares of Class A common stock issuable
upon exercise of the warrants under the Securities Act or any state securities laws at this time. However, under the terms of
the warrant agreement, we have agreed that as soon as practicable, but in no event later than 15 business days after the closing
of our initial business combination, we will use our best efforts to file with the SEC a registration statement for the registration
under the Securities Act of the shares of Class A common stock issuable upon exercise of the warrants and thereafter will use
our best efforts to cause the same to become effective within 60 business days following our initial business combination and
to maintain a current prospectus relating to the Class A common stock issuable upon exercise of the warrants, until the expiration
of the warrants in accordance with the provisions of the warrant agreement. We cannot assure you that we will be able to do so
if, for example, any facts or events arise which represent a fundamental change in the information set forth in the registration
statement or prospectus, the financial statements contained or incorporated by reference therein are not current or correct or
the SEC issues a stop order. If the shares issuable upon exercise of the warrants are not registered under the Securities Act,
we will be required to permit holders to exercise their warrants on a cashless basis. However, no warrant will be exercisable
for cash or on a cashless basis, and we will not be obligated to issue any shares to holders seeking to exercise their warrants,
unless the issuance of the shares upon such exercise is registered or qualified under the securities laws of the state of the
exercising holder, or an exemption from registration is available. Notwithstanding the foregoing, if a registration statement
covering the Class A common stock issuable upon exercise of the warrants is not effective within a specified period following
the consummation of our initial business combination, warrantholders may, until such time as there is an effective registration
statement and during any period when we shall have failed to maintain an effective registration statement, exercise warrants on
a &#8220;cashless basis&#8221; pursuant to the exemption provided by Section 3(a)(9) of the Securities Act; provided that such
exemption is available. If that exemption, or another exemption, is not available, holders will not be able to exercise their
warrants on a cashless basis. In no event will we be required to net cash settle any warrant, or issue securities or other compensation
in exchange for the warrants in the event that we are unable to register or qualify the shares underlying the warrants under applicable
state securities laws and there is no exemption available. If the issuance of the shares upon exercise of the warrants is not
so registered or qualified or exempt from registration or qualification, the holder of such warrant will not be entitled to exercise
such warrant and such warrant may have no value and expire worthless. In such event, holders who acquired their warrants as part
of a purchase of units will have paid the full unit purchase price solely for the shares of Class A common stock included in the
units. If and when the warrants become redeemable by us, we may not exercise our redemption right if the issuance of shares of
common stock upon exercise of the warrants is not exempt from registration or qualification under applicable state blue sky laws
or we are unable to effect such registration or qualification. We will use our best efforts to register or qualify such shares
of common stock under the blue sky laws of the state of residence in those states in which the warrants were initially offered
by us in this offering. However, there may be instances in which holders of our public warrants may be unable to exercise such
public warrants but holders of our private warrants may be able to exercise such private warrants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>If you exercise your public warrants on a &#8220;cashless
basis,&#8221; you will receive fewer shares of Class A common stock from such exercise than if you were to exercise such warrants
for cash.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Under the following circumstances, the exercise of the public
warrants may be required or permitted to be made on a cashless basis: (i) If a registration statement covering the shares of Class
A common stock issuable upon exercise of the warrants is not effective by the 60<SUP>th</SUP>&nbsp;business day after the closing
of our initial business combination, warrantholders may, until such time as there is an effective registration statement and during
any period when we shall have failed to maintain an effective registration statement, exercise warrants on a &#8220;cashless basis&#8221;
in accordance with Section 3(a)(9) of the Securities Act or another exemption; (ii) if our common stock is at the time of any
exercise of a warrant not listed on a national securities exchange such that it satisfies the definition of a &#8220;covered security&#8221;
under Section 18(b)(1) of the Securities Act, we may, at our option, require holders of public warrants who exercise their warrants
to do so on a &#8220;cashless basis&#8221; in accordance with Section 3(a)(9) of the Securities Act and, in the event we so elect,
we will not be required to file or maintain in effect a registration statement; and in the event we do not so elect, we will use
our best efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available;
and (iii) if we call the public warrants for redemption, our management will have the option to require all holders that wish
to exercise warrants to do so on a cashless basis. In the event of an exercise on a cashless basis, a holder would pay the warrant
exercise price by surrendering the warrants for that number of shares of Class A common stock equal to the quotient obtained by
dividing (x) the product of the number of shares of Class A common stock underlying the warrants multiplied by the excess of the
 &#8220;fair market value&#8221; (as defined in the next sentence) over the exercise price of the warrants by (y) the fair market
value. The &#8220;fair market value&#8221; is the average reported closing price of the Class A common stock for the 10 trading
days ending on the third trading day prior to the date on which the notice of exercise is received by the warrant agent or on
which the notice of redemption is sent to the holders of warrants, as applicable. As a result, you would receive fewer shares
of Class A common stock from such exercise than if you were to exercise such warrants for cash.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>The grant of registration rights to our initial stockholders
may make it more difficult to complete our initial business combination, and the future exercise of such rights may adversely
affect the market price of our Class A common stock.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to an agreement to be entered into concurrently with
the issuance and sale of the securities in this offering, our initial stockholders and their permitted transferees can demand
that we register the resale of private placement warrants, the shares of Class A common stock issuable upon exercise of the founder
shares and the private placement warrants held, or to be held, by them and holders of warrants that may be issued upon conversion
of working capital loans may demand that we register the resale of such warrants or the Class A common stock issuable upon exercise
of such warrants. We will bear the cost of registering these securities. The registration and availability of such a significant
number of securities for trading in the public market may have an adverse effect on the market price of our Class A common stock.
In addition, the existence of the registration rights may make our initial business combination more costly or difficult to conclude.
This is because the stockholders of the target business may increase the equity stake they seek in the combined entity or ask
for more cash consideration to offset the negative impact on the market price of our Class A common stock that is expected when
the securities owned by our initial stockholders or holders of working capital loans or their respective permitted transferees
are registered for resale.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Because we are neither limited to evaluating a target
business in a particular industry sector nor have we selected any specific target businesses with which to pursue our initial
business combination, you will be unable to ascertain the merits or risks of any particular target business&#8217;s operations.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will seek to complete an initial business combination with
companies in a variety of industries, except that we will not, under our amended and restated certificate of incorporation, be
permitted to effectuate our initial business combination with another blank check company or similar company with nominal operations.
Because we have not yet selected or approached any specific target business with respect to a business combination, there is no
basis to evaluate the possible merits or risks of any particular target business&#8217;s operations, results of operations, cash
flows, liquidity, financial condition or prospects. To the extent we complete our initial business combination, we may be affected
by numerous risks inherent in the business operations with which we combine. For example, if we combine with a financially unstable
business or an entity lacking an established record of sales or earnings, we may be affected by the risks inherent in the business
and operations of a financially unstable or a development stage entity. Although our officers and directors will endeavor to evaluate
the risks inherent in a particular target business, we cannot assure you that we will properly ascertain or assess all of the
significant risk factors or that we will have adequate time to complete due diligence. Furthermore, some of these risks may be
outside of our control and leave us with no ability to control or reduce the chances that those risks will adversely impact a
target business. We also cannot assure you that an investment in our units will ultimately prove to be more favorable to investors
than a direct investment, if such opportunity were available, in a business combination target. Accordingly, any stockholders
who choose to remain stockholders following our initial business combination could suffer a reduction in the value of their securities.
Such stockholders are unlikely to have a remedy for such reduction in value.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Past performance by our management team and their affiliates
may not be indicative of future performance of an investment in the Company.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Information regarding performance by, or businesses associated
with, our management team or businesses associated with them is presented for informational purposes only. Past performance by
our management team is not a guarantee either (i) of success with respect to any business combination we may consummate or (ii)
that we will be able to locate a suitable candidate for our initial business combination. You should not rely on the historical
record of the performance of our management team&#8217;s or businesses associated with them as indicative of our future performance
of an investment in the Company or the returns the Company will, or is likely to, generate going forward.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>We may seek business combination opportunities in industries
or sectors that may or may not be outside of our management&#8217;s area of expertise.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Although our management team has expertise across a variety
of industries and sectors, we will consider an initial business combination outside of our management&#8217;s area of expertise
if an initial business combination candidate is presented to us and we determine that such candidate offers an attractive business
combination opportunity for our company or we are unable to identify a suitable candidate in a sector or industry in which a member
of our management team has expertise after having expanded a reasonable amount of time and effort in an attempt to do so. Although
our management will endeavor to evaluate the risks inherent in any particular business combination candidate, we cannot assure
you that we will adequately ascertain or assess all of the significant risk factors. We also cannot assure you that an investment
in our units will not ultimately prove to be less favorable to investors in this offering than a direct investment, if such an
opportunity were available, in an initial business combination candidate. In the event we elect to pursue a business combination
outside of the areas of our management&#8217;s expertise, our management&#8217;s expertise may not be directly applicable to its
evaluation or operation, and the information contained in this prospectus regarding the areas of our management&#8217;s expertise
would not be relevant to an understanding of the business that we elect to acquire. As a result, our management may not be able
to ascertain or assess adequately all of the relevant risk factors. Accordingly, any stockholders who choose to remain stockholders
following our initial business combination could suffer a reduction in the value of their shares. Such stockholders are unlikely
to have a remedy for such reduction in value.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Although we have identified general criteria and guidelines
that we believe are important in evaluating prospective target businesses, we may enter into our initial business combination
with a target that does not meet such criteria and guidelines, and as a result, the target business with which we enter into our
initial business combination may not have attributes entirely consistent with our general criteria and guidelines.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Although we have identified general criteria and guidelines
for evaluating prospective target businesses, it is possible that a target business with which we enter into our initial business
combination will not have all of these positive attributes. If we complete our initial business combination with a target that
does not meet some or all of these guidelines, such combination may not be as successful as a combination with a business that
does meet all of our general criteria and guidelines. In addition, if we announce a prospective business combination with a target
that does not meet our general criteria and guidelines, a greater number of stockholders may exercise their redemption rights,
which may make it difficult for us to meet any closing condition with a target business that requires us to have a minimum net
worth or a certain amount of cash. In addition, if stockholder approval of the transaction is required by law, or we decide to
obtain stockholder approval for business or other reasons, it may be more difficult for us to attain stockholder approval of our
initial business combination if the target business does not meet our general criteria and guidelines. If we are unable to complete
our initial business combination, our public stockholders may receive only approximately $10.00 per share, or less in certain
circumstances as described herein, on the liquidation of our trust account and our warrants will expire worthless. In certain
circumstances, our public stockholders may receive less than $10.00 per share on the redemption of their shares. See &#8220;&#8212;
If third parties bring claims against us, the proceeds held in the trust account could be reduced and the per-share&nbsp;redemption
amount received by stockholders may be less than $10.00 per share&#8221; and other risk factors herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>We may seek business combination opportunities with a
financially unstable business or an entity lacking an established record of revenue, cash flow or earnings, which could subject
us to volatile revenues, cash flows or earnings or difficulty in retaining key personnel.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">To the extent we complete our initial business combination
with an early stage company, a financially unstable business or an entity lacking an established record of revenues or earnings,
we may be affected by numerous risks inherent in the operations of the business with which we combine. These risks include investing
in a business without a proven business model or with limited historic financial data, volatile revenues or earnings, intense
competition and difficulties in obtaining and retaining key personnel. Although our officers and directors will endeavor to evaluate
the risks inherent in a particular target business, we may not be able to properly ascertain or assess all of the relevant risk
factors and we may not have adequate time to complete due diligence. Furthermore, some of these risks may be outside of our control
and leave us with no ability to control or reduce the chances that those risks will adversely impact a target business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>We are not required to obtain an opinion from an independent
investment banking firm or another independent entity that commonly renders valuation opinions, and consequently, you may have
no assurance from an independent source that the price we are paying for the target(s) of our initial business combination is
fair to our company from a financial point of view.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Unless we complete our initial business combination with an
affiliated entity or our board of directors cannot independently determine the fair market value of the target business or businesses
(including with the assistance of financial advisors), we are not required to obtain an opinion from an independent investment
banking firm or another independent entity that commonly renders valuation opinions that the price we are paying is fair to our
company from a financial point of view. If no opinion is obtained, our stockholders will be relying on the judgment of our board
of directors, who will determine fair market value based on standards generally accepted by the financial community. Such standards
used will be disclosed in our proxy materials or tender offer documents, as applicable, related to our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>We may issue additional shares of Class A common stock
or preferred stock to complete our initial business combination or under an employee incentive plan after completion of our initial
business combination. We may also issue shares of Class A common stock upon the conversion of the Class B common stock at a ratio
greater than one-to-one at the time of our initial business combination as a result of the anti-dilution provisions contained
in our amended and restated certificate of incorporation. Any such issuances would dilute the interest of our stockholders and
likely present other risks.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our amended and restated certificate of incorporation authorizes
the issuance of up to 100,000,000&nbsp;shares of Class A common stock, par value $0.0001 per share, 10,000,000&nbsp;shares of
Class B common stock, par value $0.0001 per share, and 1,000,000&nbsp;shares of preferred stock, par value $0.0001 per share.
Immediately after this offering, there will be 80,000,000 and 5,000,000 (assuming, in each case, that the underwriters have not
exercised their over-allotment&nbsp;option) authorized but unissued shares of Class A common stock and Class B common stock, respectively,
available for issuance, which amount does not take into account the shares of Class A common stock reserved for issuance upon
exercise of outstanding warrants or the shares of Class A common stock issuable upon conversion of Class B common stock. Immediately
after the consummation of this offering, there will be no shares of preferred stock issued and outstanding. Shares of Class B
common stock are convertible into shares of our Class&nbsp;A common stock initially at a one-for-one&nbsp;ratio but subject to
adjustment as set forth herein, including in certain circumstances in which we issue Class A common stock or equity-linked&nbsp;securities
related to our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We may issue a substantial number of additional shares of Class
A common stock or preferred stock to complete our initial business combination or under an employee incentive plan after completion
of our initial business combination (although our amended and restated certificate of incorporation will provide that we may not
issue additional shares of capital stock that would entitle the holders thereof to receive funds from the trust account or vote
on any initial business combination or on matters related to our pre-initial&nbsp;business combination activity. We may also issue
shares of Class A common stock upon conversion of the Class B common stock at a ratio greater than one-to-one&nbsp;at the time
of our initial business combination as a result of the anti-dilution&nbsp;provisions contained in our amended and restated certificate
of incorporation. However, our amended and restated certificate of incorporation will provide, among other things, that prior
to our initial business combination, we may not issue additional shares of capital stock that would entitle the holders thereof
to (i) receive funds from the trust account, (ii) vote on any initial business combination or (iii) vote on matters related to
our pre-initial&nbsp;business combination activity. These provisions of our amended and restated certificate of incorporation,
like all provisions of our amended and restated certificate of incorporation, may be amended with the approval of our stockholders.
However, our executive officers, directors and director nominees have agreed, pursuant to a written agreement with us, that they
will not propose any amendment to our amended and restated certificate of incorporation to (A) modify the substance or timing
of our obligation to provide for the redemption of our public shares in connection with an initial business combination or to
redeem 100% of our public shares if we do not complete our initial business combination within 24&nbsp;months from the closing
of this offering or (B) with respect to any other material provisions relating to stockholders&#8217; rights or pre-initial&nbsp;business
combination activity, unless we provide our public stockholders with the opportunity to redeem their shares of common stock upon
approval of any such amendment at a per-share&nbsp;price, payable in cash, equal to the aggregate amount then on deposit in the
trust account, including interest (which interest shall be net of taxes payable), divided by the number of then outstanding public
shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The issuance of additional shares of common or preferred stock:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;may
significantly dilute the equity interest of investors in this offering;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;may
subordinate the rights of holders of common stock if preferred stock is issued with rights senior to those afforded our common
stock;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;could
cause a change of control if a substantial number of shares of our common stock are issued, which may affect, among other things,
our ability to use our net operating loss carry forwards, if any, and could result in the resignation or removal of our present
officers and directors; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;may
adversely affect prevailing market prices for our units, Class A common stock and/or warrants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Resources could be wasted in researching business combinations
that are not completed, which could materially adversely affect subsequent attempts to locate and acquire or merge with another
business. If we are unable to complete our initial business combination, our public stockholders may receive only approximately
$10.00 per share, or less than such amount in certain circumstances, on the liquidation of our trust account and our warrants
will expire worthless.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We anticipate that the investigation of each specific target
business and the negotiation, drafting and execution of relevant agreements, disclosure documents and other instruments will require
substantial management time and attention and substantial costs for accountants, attorneys, consultants and others. If we decide
not to complete a specific initial business combination, the costs incurred up to that point for the proposed transaction likely
would not be recoverable. Furthermore, if we reach an agreement relating to a specific target business, we may fail to complete
our initial business combination for any number of reasons, including those beyond our control. Any such event will result in
a loss to us of the related costs incurred, which could materially adversely affect subsequent attempts to locate and acquire
or merge with another business. If we are unable to complete our initial business combination, our public stockholders may receive
only approximately $10.00 per share on the liquidation of our trust account and our warrants will expire worthless. In certain
circumstances, our public stockholders may receive less than $10.00 per share on the redemption of their shares. See &#8220;&#8212;
If third parties bring claims against us, the proceeds held in the trust account could be reduced and the per-share&nbsp;redemption
amount received by stockholders may be less than $10.00 per share&#8221; and other risk factors herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Our ability to successfully effect our initial business
combination and to be successful thereafter will be totally dependent upon the efforts of our key personnel, some of whom may
join us following our initial business combination. The loss of key personnel could negatively impact the operations and profitability
of our&nbsp;post-combination business.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our ability to successfully effect our initial business combination
is dependent upon the efforts of our key personnel. The role of our key personnel in the target business, however, cannot presently
be ascertained. Although some of our key personnel may remain with the target business in senior management or advisory positions
following our initial business combination, it is likely that some or all of the management of the target business will remain
in place. While we intend to closely scrutinize any individuals we engage after our initial business combination, we cannot assure
you that our assessment of these individuals will prove to be correct. These individuals may be unfamiliar with the requirements
of operating a company regulated by the SEC, which could cause us to have to expend time and resources helping them become familiar
with such requirements. In addition, the officers and directors of an initial business combination candidate may resign upon completion
of our initial business combination. The departure of an initial business combination target&#8217;s key personnel could negatively
impact the operations and profitability of our post-combination&nbsp;business. The role of an initial business combination candidate&#8217;s
key personnel upon the completion of our initial business combination cannot be ascertained at this time. Although we contemplate
that certain members of an initial business combination candidate&#8217;s management team will remain associated with the initial
business combination candidate following our initial business combination, it is possible that members of the management of an
initial business combination candidate will not wish to remain in place. The loss of key personnel could negatively impact the
operations and profitability of our post-combination&nbsp;business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>We are dependent upon our officers and directors and
their departure could adversely affect our ability to operate.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our operations are dependent upon a relatively small group
of individuals and, in particular, our officers and directors. We believe that our success depends on the continued service of
our executive officers and directors, at least until we have completed our initial business combination. In addition, our officers
and directors are not required to commit any specified amount of time to our affairs and, accordingly, will have conflicts of
interest in allocating management time among various their business activities, including identifying potential business combinations
and monitoring the related due diligence, negotiations and other activities. We do not have an employment agreement with, or key-man&nbsp;insurance
on the life of, any of our directors or officers. The unexpected loss of the services of one or more of our directors or officers
could have a detrimental effect on us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Our key personnel may negotiate employment or consulting
agreements as well as reimbursement of out-of-pocket expenses, if any, with a target business in connection with a particular
business combination. These agreements may provide for them to receive compensation or reimbursement for out-of-pocket expenses,
if any, following our initial business combination and as a result, may cause them to have conflicts of interest in determining
whether a particular business combination is the most advantageous.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our key personnel may be able to remain with the combined company
after the completion of our initial business combination only if they are able to negotiate employment or consulting agreements
in connection with the initial business combination. Additionally, they may negotiate reimbursement of any out-of-pocket&nbsp;expenses
incurred on our behalf prior to the consummation of our initial business combination, should they choose to do so. Such negotiations
would take place simultaneously with the negotiation of the initial business combination and could provide for such individuals
to receive compensation in the form of cash payments and/or our securities for services they would render to us after the completion
of the initial business combination, or as reimbursement for such out-of-pocket&nbsp;expenses. The personal and financial interests
of such individuals may influence their motivation in identifying and selecting a target business. However, we believe the ability
of such individuals to remain with us after the completion of our initial business combination will not be the determining factor
in our decision as to whether or not we will proceed with any potential business combination. There is no certainty, however,
that any of our key personnel will remain with us after the completion of our initial business combination. We cannot assure you
that any of our key personnel will remain in senior management or advisory positions with us. The determination as to whether
any of our key personnel will remain with us will be made at the time of our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>We may have a limited ability to assess the management
of a prospective target business and, as a result, may affect our initial business combination with a target business whose management
may not have the skills, qualifications or abilities to manage a public company, which could, in turn, negatively impact the value
of our stockholders&#8217; investment in us.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">When evaluating the desirability of effecting our initial business
combination with a prospective target business, our ability to assess the target business&#8217;s management may be limited due
to a lack of time, resources or information. Our assessment of the capabilities of the target&#8217;s management, therefore, may
prove to be incorrect and such management may lack the skills, qualifications or abilities we suspected. Should the target&#8217;s
management not possess the skills, qualifications or abilities necessary to manage a public company, the operations and profitability
of the post-combination&nbsp;business may be negatively impacted. Accordingly, any stockholders who choose to remain stockholders
following the initial business combination could suffer a reduction in the value of their shares. Such stockholders are unlikely
to have a remedy for such reduction in value.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Our officers and directors will allocate their time to
other businesses thereby causing conflicts of interest in their determination as to how much time to devote to our affairs. This
conflict of interest could have a negative impact on our ability to complete our initial business combination.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our officers and directors are not required to, and will not,
commit their full time to our affairs, which may result in a conflict of interest in allocating their time between our operations
and our search for an initial business combination and their other businesses. Each of our officers is engaged in other business
endeavors for which he may be entitled to substantial compensation and our officers are not obligated to contribute any specific
number of hours per week to our affairs. Our officers and directors may also serve as officers or board members for other entities,
including other special purpose acquisition companies with a class of securities intended to be registered under the Exchange
Act. If our officers&#8217; and directors&#8217; other business affairs require them to devote substantial amounts of time to
such affairs in excess of their current commitment levels, it could limit their ability to devote time to our affairs which may
have a negative impact on our ability to complete our initial business combination. For a complete discussion of our officers&#8217;
and directors&#8217; other business affairs, please see the section of this prospectus entitled &#8220;Management &#8212; Directors
and Officers.&#8221;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Certain of our officers and directors are now, and all
of them may in the future become, affiliated with entities engaged in business activities similar to those intended to be conducted
by us and, accordingly, may have conflicts of interest in allocating their time and determining to which entity a particular business
opportunity should be presented.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Following the completion of this offering and until we consummate
our initial business combination, we intend to engage in the business of identifying and combining with one or more businesses.
Our officers and directors may become an officer or director of any another special purpose acquisition company with a class of
securities intended to be registered under the Exchange Act, prior to the completion of our initial business combination. Our
officers and directors also may become aware of business opportunities that may be appropriate for presentation to us and the
other entities to which they owe certain fiduciary or contractual duties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Accordingly, they may have conflicts of interest in determining
to which entity a particular business opportunity should be presented. These conflicts may not be resolved in our favor and a
potential target business may be presented to another entity prior to its presentation to us. Our amended and restated certificate
of incorporation will provide that we renounce our interest in any corporate opportunity offered to any director or officer unless
such opportunity is expressly offered to such person solely in his or her capacity as a director or officer of our company and
such opportunity is one we are legally and contractually permitted to undertake and would otherwise be reasonable for us to pursue,
and to the extent the director or officer is permitted to refer that opportunity to us without violating another legal obligation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For a complete discussion of our officers&rsquo; and directors&rsquo;
business Conflict of Interests and the potential conflicts of interest that you should be aware of, please see the sections of
this prospectus entitled &ldquo;Management &mdash; Officers, Directors and Director Nominees,&rdquo; &ldquo;Management &mdash;
Conflicts of Interest&rdquo; and &ldquo;Certain Relationships and Related Party Transactions.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Our officers, directors, security holders and their respective
affiliates may have competitive pecuniary interests that conflict with our interests.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We have not adopted a policy that expressly prohibits our directors,
officers, security holders or affiliates from having a direct or indirect pecuniary or financial interest in any investment to
be acquired or disposed of by us or in any transaction to which we are a party or have an interest. In fact, we may enter into
an initial business combination with a target business that is affiliated with our sponsor, our directors or officers. We do not
have a policy that expressly prohibits any such persons from engaging for their own account in business activities of the types
conducted by us. Accordingly, such persons or entities may have a conflict between their interests and ours.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The personal and financial interests of our directors and officers
may influence their motivation in timely identifying and selecting a target business and completing a business combination. Consequently,
our directors&#8217; and officers&#8217; discretion in identifying and selecting a suitable target business may result in a conflict
of interest when determining whether the terms, conditions and timing of a particular business combination are appropriate and
in our stockholders&#8217; best interest. If this were the case, it would be a breach of their fiduciary duties to us as a matter
of Delaware law and we or our stockholders might have a claim against such individuals for infringing on our stockholders&#8217;
rights. However, we might not ultimately be successful in any claim we may make against them for such reason.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>We may engage in an initial business combination with
one or more target businesses that have relationships with entities that may be affiliated with our sponsor, officers, directors
or existing holders that may raise potential conflicts of interest.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In light of the involvement of our sponsor, officers and directors
with other entities, we may decide to acquire one or more businesses affiliated with our sponsor, officers or directors. Our directors
also serve as officers and board members for other entities, including, without limitation, those described under the section
of this prospectus entitled &#8220;Management &#8212; Conflicts of Interest.&#8221; Such entities may compete with us for business
combination opportunities. Our sponsor, officers and directors are not currently aware of any specific opportunities for us to
complete our initial business combination with any entities with which they are affiliated, and there have been no substantive
discussions concerning an initial business combination with any such entity or entities. Although we will not be specifically
focusing on, or targeting, any transaction with any affiliated entities, we would pursue such a transaction if we determined that
such affiliated entity met our criteria for an initial business combination as set forth in the section of this prospectus entitled
 &#8220;Proposed Business &#8212; Selection of a Target Business and Structuring of our Initial Business Combination&#8221; and
such transaction was approved by a majority of our disinterested directors. Despite our agreement to obtain an opinion from an
independent investment banking firm or another independent entity that commonly renders valuation opinions, regarding the fairness
to the Company and our stockholders from a financial point of view of an initial business combination with one or more domestic
or international businesses affiliated with our officers, directors or existing holders, potential conflicts of interest still
may exist and, as a result, the terms of the initial business combination may not be as advantageous to our public stockholders
as they would be absent any conflicts of interest. These risks may become more acute as the 24-month&nbsp;deadline for the completion
of our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Since our sponsor, officers and directors will lose their
entire investment in us if our initial business combination is not completed (except with respect to any public shares the may
hold), a conflict of interest may arise in determining whether a particular business combination target is appropriate for our
initial business combination.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In July 2020, our sponsor purchased 5,750,000 founder shares,
750,000 of which are subject to forfeiture if the underwriters&#8217; over-allotment&nbsp;option is not exercised. The number
of founder shares issued was determined based on the expectation that such founder shares would represent 20% of the outstanding
shares after this offering. The founder shares will be worthless if we do not complete an initial business combination. In addition,
our sponsor has committed to purchase an aggregate of 5,750,000 (or 6,350,000 if the underwriters&#8217; over-allotment&nbsp;option
is exercised in full) private placement warrants, each exercisable for one share of our Class A common stock at $11.50 per share,
for a purchase price of $5,750,000 (or $6,350,000 if the underwriters&#8217; over-allotment&nbsp;option is exercised in full),
or $1.00 per warrant, that will also be worthless if we do not complete an initial business combination. Holders of founder shares
have agreed (A) to vote any shares owned by them in favor of any proposed initial business combination and (B) not to redeem any
founder shares in connection with a stockholder vote to approve a proposed initial business combination or in connection with
a stockholder vote to approve an amendment to our amended and restated certificate of incorporation. In addition, we may obtain
loans from our sponsor, affiliates of our sponsor or an officer or director. The personal and financial interests of our officers
and directors may influence their motivation in identifying and selecting a target business combination, completing an initial
business combination and influencing the operation of the business following the initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>We may issue notes or other debt securities, or otherwise
incur substantial debt, to complete an initial business combination, which may adversely affect our leverage and financial condition
and thus negatively impact the value of our stockholders&#8217; investment in us.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Although we have no commitments as of the date of this prospectus
to issue any notes or other debt securities, or to otherwise incur outstanding debt following this offering, we may choose to
incur substantial debt to complete our initial business combination. We have agreed that we will not incur any indebtedness unless
we have obtained from the lender a waiver of any right, title, interest or claim of any kind in or to the monies held in the trust
account. As such, no issuance of debt will affect the per-share&nbsp;amount available for redemption from the trust account. Nevertheless,
the incurrence of debt could have a variety of negative effects, including:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;default
and foreclosure on our assets if our operating revenues after an initial business combination are insufficient to repay our debt
obligations;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;acceleration
of our obligations to repay the indebtedness even if we make all principal and interest payments when due if we breach certain
covenants that require the maintenance of certain financial ratios or reserves without a waiver or renegotiation of that covenant;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;our
immediate payment of all principal and accrued interest, if any, if the debt security is payable on demand;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;our
inability to obtain necessary additional financing if the debt security contains covenants restricting our ability to obtain such
financing while the debt security is outstanding;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;our
inability to pay dividends on our common stock;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;using
a substantial portion of our cash flow to pay principal and interest on our debt, which will reduce the funds available for dividends
on our common stock if declared, our ability to pay expenses, make capital expenditures and acquisitions, and fund other general
corporate purposes;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;limitations
on our flexibility in planning for and reacting to changes in our business and in the industry in which we operate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;increased
vulnerability to adverse changes in general economic, industry and competitive conditions and adverse changes in government regulation;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;limitations
on our ability to borrow additional amounts for expenses, capital expenditures, acquisitions, debt service requirements, and execution
of our strategy; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;other
disadvantages compared to our competitors who have less debt.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>We may be able to complete only one business combination
with the proceeds of this offering and the sale of the private placement warrants, which will cause us to be solely dependent
on a single business, which may have a limited number of products or services and limited operating activities. This lack of diversification
may negatively impact our operating results and profitability.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Of the net proceeds from this offering and the sale of the
private placement warrants, $200,000,000 (or $230,000,000 if the underwriters&#8217; over-allotment&nbsp;option is exercised in
full) will be available to complete our initial business combination and pay related fees and expenses (which includes up to $7,000,000,
or up to $8,050,000 if the over-allotment&nbsp;option is exercised in full, for the payment of deferred underwriting commissions
being held in the trust account).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We may effectuate our initial business combination with a single
target business or multiple target businesses simultaneously or within a short period of time. However, we may not be able to
effectuate our initial business combination with more than one target business because of various factors, including the existence
of complex accounting issues and the requirement that we prepare and file pro forma financial statements with the SEC that present
operating results and the financial condition of several target businesses as if they had been operated on a combined basis. By
completing our initial business combination with only a single entity, our lack of diversification may subject us to numerous
economic, competitive and regulatory developments. Further, we would not be able to diversify our operations or benefit from the
possible spreading of risks or offsetting of losses, unlike other entities which may have the resources to complete several business
combinations in different industries or different areas of a single industry. Accordingly, the prospects for our success may be:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;solely
dependent upon the performance of a single business, property or asset, or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;dependent
upon the development or market acceptance of a single or limited number of products, processes or services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This lack of diversification may subject us to numerous economic,
competitive and regulatory risks, any or all of which may have a substantial adverse impact upon the particular industry in which
we may operate subsequent to our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>We may attempt to simultaneously complete business combinations
with multiple prospective targets, which may hinder our ability to complete our initial business combination and give rise to
increased costs and risks that could negatively impact our operations and profitability.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If we determine to simultaneously acquire several businesses
that are owned by different sellers, we will need for each of such sellers to agree that our purchase of its business is contingent
on the simultaneous closings of the other business combinations, which may make it more difficult for us, and delay our ability,
to complete our initial business combination. We do not, however, intend to purchase multiple businesses in unrelated industries
in conjunction with our initial business combination. With multiple business combinations, we could also face additional risks,
including additional burdens and costs with respect to possible multiple negotiations and due diligence investigations (if there
are multiple sellers) and the additional risks associated with the subsequent assimilation of the operations and services or products
of the acquired companies in a single operating business. If we are unable to adequately address these risks, it could negatively
impact our profitability and results of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>We may attempt to complete our initial business combination
with a private company about which little information is available, which may result in an initial business combination with a
company that is not as profitable as we suspected, if at all.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In pursuing our initial business combination strategy, we may
seek to effectuate our initial business combination with a privately-held&nbsp;company. Very little public information generally
exists about private companies, and we could be required to make our decision on whether to pursue a potential initial business
combination on the basis of limited information, which may result in an initial business combination with a company that is not
as profitable as we suspected, if at all.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Our management may not be able to maintain control of
a target business after our initial business combination.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We may structure an initial business combination so that the
post-transaction&nbsp;company in which our public stockholders own shares will own less than 100% of the equity interests or assets
of a target business, but we will only complete such business combination if the post-transaction&nbsp;company owns or acquires
50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient
for us not to be required to register as an investment company under the Investment Company Act. We will not consider any transaction
that does not meet such criteria. Even if the post-transaction&nbsp;company owns 50% or more of the voting securities of the target,
our stockholders prior to the initial business combination may collectively own a minority interest in the post business combination
company, depending on valuations ascribed to the target and us in the initial business combination. For example, we could pursue
a transaction in which we issue a substantial number of new shares of Class A common stock in exchange for all of the outstanding
capital stock of a target. In this case, we would acquire a 100% interest in the target. However, as a result of the issuance
of a substantial number of new shares of common stock, our stockholders immediately prior to such transaction could own less than
a majority of our outstanding shares of common stock subsequent to such transaction. In addition, other minority stockholders
may subsequently combine their holdings resulting in a single person or group obtaining a larger share of our stock than we initially
acquired. Accordingly, this may make it more likely that our management will not be able to maintain our control of the target
business. We cannot provide assurance that, upon loss of control of a target business, new management will possess the skills,
qualifications or abilities necessary to profitably operate such business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>We do not have a specified maximum redemption threshold.
The absence of such a redemption threshold may make it possible for us to complete an initial business combination with which
a substantial majority of our stockholders do not agree.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our amended and restated certificate of incorporation will
not provide a specified maximum redemption threshold, except that we will only redeem our public shares so long as (after such
redemption) our net tangible assets will be at least $5,000,001 either immediately prior to or upon consummation of our initial
business combination and after payment of deferred underwriters&#8217; fees and commissions (such that we are not subject to the
SEC&#8217;s &#8220;penny stock&#8221; rules) or any greater net tangible asset or cash requirement that may be contained in the
agreement relating to our initial business combination. As a result, we may be able to complete our initial business combination
even though a substantial majority of our public stockholders do not agree with the transaction and have redeemed their shares
or, if we seek stockholder approval of our initial business combination and do not conduct redemptions in connection with our
initial business combination pursuant to the tender offer rules, have entered into privately-negotiated&nbsp;agreements to sell
their shares to our sponsor, officers, directors, advisors or their affiliates. In the event the aggregate cash consideration
we would be required to pay for all shares of Class A common stock that are validly submitted for redemption plus any amount required
to satisfy cash conditions pursuant to the terms of the proposed initial business combination exceed the aggregate amount of cash
available to us, we will not complete the initial business combination or redeem any shares, all shares of Class A common stock
submitted for redemption will be returned to the holders thereof, and we instead may search for an alternate business combination.</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>In order to effectuate an initial business combination,
blank check companies have, in the recent past, amended various provisions of their charters and other governing instruments,
including their warrant agreements. We cannot assure you that we will not seek to amend our amended and restated certificate of
incorporation or governing instruments in a manner that will make it easier for us to complete our initial business combination
that our stockholders may not support.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In order to effectuate an initial business combination, blank
check companies have, in the recent past, amended various provisions of their charters and modified governing instruments, including
their warrant agreements. For example, blank check companies have amended the definition of business combination, increased redemption
thresholds, changed industry focus and extended the time to consummate an initial business combination and, with respect to their
warrants, amended their warrant agreements to require the warrants to be exchanged for cash and/or other securities. Amending
our amended and restated certificate of incorporation will require the approval of holders of 65% of our common stock, and amending
our warrant agreement will require a vote of holders of at least a majority of the public warrants and, solely with respect to
any amendment to the terms of the private placement warrants or any provision of our warrant agreement with respect to the private
placement warrants, a majority of the number of the then outstanding private placement warrants. In addition, our amended and
restated certificate of incorporation will require us to provide our public stockholders with the opportunity to redeem their
public shares for cash if we propose an amendment to our amended and restated certificate of incorporation to (A) modify the substance
or timing of our obligation to provide for the redemption of our public shares in connection with an initial business combination
or to redeem 100% of our public shares if we do not complete our initial business combination within 24&nbsp;months from the closing
of this offering or (B) with respect to any other material provisions relating to stockholders&#8217; rights or pre-initial&nbsp;business
combination activity. To the extent any such amendments would be deemed to fundamentally change the nature of any securities offered
through this registration statement, we would register, or seek an exemption from registration for, the affected securities. We
cannot assure you that we will not seek to amend our charter or governing instruments or extend the time to consummate an initial
business combination in order to effectuate our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>The provisions of our amended and restated certificate
of incorporation that relate to our pre-business combination activity (and corresponding provisions of the agreement governing
the release of funds from our trust account), including an amendment to permit us to withdraw funds from the trust account such
that the per share amount investors will receive upon any redemption or liquidation is substantially reduced or eliminated, may
be amended with the approval of holders of 65% of our common stock, which is a lower amendment threshold than that of some other
blank check companies. It may be easier for us, therefore, to amend our amended and restated certificate of incorporation and
the trust agreement to facilitate the completion of an initial business combination that some of our stockholders may not support.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our amended and restated certificate of incorporation will
provide that any of its provisions related to pre-initial&nbsp;business combination activity (including the requirement to deposit
proceeds of this offering and the private placement of warrants into the trust account and not release such amounts except in
specified circumstances, and to provide redemption rights to public stockholders as described herein and including to permit us
to withdraw funds from the trust account such that the per share amount investors will receive upon any redemption or liquidation
is substantially reduced or eliminated) may be amended if approved by holders of 65% of our common stock entitled to vote thereon,
and corresponding provisions of the trust agreement governing the release of funds from our trust account may be amended if approved
by holders of 65% of our common stock entitled to vote thereon. In all other instances, our amended and restated certificate of
incorporation may be amended by holders of a majority of our outstanding common stock entitled to vote thereon, subject to applicable
provisions of the DGCL or applicable stock exchange rules. We may not issue additional securities that can vote on amendments
to our amended and restated certificate of incorporation. Our initial stockholders, who will collectively beneficially own up
to 20% of our common stock upon the closing of this offering (assuming they do not purchase any units in this offering), will
participate in any vote to amend our amended and restated certificate of incorporation and/or trust agreement and will have the
discretion to vote in any manner they choose. As a result, we may be able to amend the provisions of our amended and restated
certificate of incorporation, which govern our pre-initial&nbsp;business combination behavior more easily than some other blank
check companies, and this may increase our ability to complete an initial business combination with which you do not agree. Our
stockholders may pursue remedies against us for any breach of our amended and restated certificate of incorporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our sponsor, officers and directors have agreed, pursuant to
a written agreement with us, that they will not propose any amendment to our amended and restated certificate of incorporation
to (A) modify the substance or timing of our obligation to provide for the redemption of our public shares in connection with
an initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination
within 24&nbsp;months from the closing of this offering or (B) with respect to any other material provisions relating to stockholders&#8217;
rights or pre-initial&nbsp;business combination activity, unless we provide our public stockholders with the opportunity to redeem
their shares of Class A common stock upon approval of any such amendment at a per-share&nbsp;price, payable in cash, equal to
the aggregate amount then on deposit in the trust account (including interest, net of taxes), divided by the number of then outstanding
public shares. These agreements are contained in a letter agreement that we have entered into with our sponsor, officers and directors.
Our stockholders are not parties to, or third-party&nbsp;beneficiaries of, these agreements and, as a result, will not have the
ability to pursue remedies against our sponsor, officers or directors for any breach of these agreements. As a result, in the
event of a breach, our stockholders would need to pursue a stockholder derivative action, subject to applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Our letter agreement with our sponsor, director nominees,
and officers may be amended without stockholder approval.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our letter agreement with our sponsor, directors, director
nominees, and officers contains provisions relating to transfer restrictions of our founder shares and sponsor warrants, indemnification
of the trust account, waiver of redemption rights and participation in liquidation distributions from the trust account. This
letter agreement may be amended without stockholder approval (although releasing the parties from the restriction not to transfer
our founder shares for 180 days following the date of this prospectus will require the prior written consent of the underwriters).
While we do not expect our board to approve any amendment to this agreement prior to our initial business combination, it may
be possible that our board, in exercising its business judgment and subject to its fiduciary duties, chooses to approve one or
more amendments to this agreement. Any such amendments to the letter agreement would not require approval from our stockholders
and may have an adverse effect on the value of an investment in our securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>We may be unable to obtain additional financing to complete
our initial business combination or to fund the operations and growth of a target business, which could compel us to restructure
or abandon a particular business combination.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We have not selected any specific business combination target
but intend to target businesses with enterprise values that are greater than we could acquire with the net proceeds of this offering
and the sale of the private placement warrants. As a result, if the cash portion of the purchase price exceeds the amount available
from the trust account, net of amounts needed to satisfy any redemption by public stockholders, we may be required to seek additional
financing to complete such proposed initial business combination. We cannot assure you that such financing will be available on
acceptable terms, if at all. To the extent that additional financing proves to be unavailable when needed to complete our initial
business combination, we would be compelled to either restructure the transaction or abandon that particular business combination
and seek an alternative target business candidate. Further, we may be required to obtain additional financing in connection with
the closing of our initial business combination for general corporate purposes, including for maintenance or expansion of operations
of the post-transaction&nbsp;businesses, the payment of principal or interest due on indebtedness incurred in completing our initial
business combination, or to fund the purchase of other companies. If we are unable to complete our initial business combination,
our public stockholders may receive only approximately $10.00 per share plus any&nbsp;<I>pro rata&nbsp;</I>interest earned on
the funds held in the trust account and not previously released to us to pay our taxes on the liquidation of our trust account
and our warrants will expire worthless. In addition, even if we do not need additional financing to complete our initial business
combination, we may require such financing to fund the operations or growth of the target business. The failure to secure additional
financing could have a material adverse effect on the continued development or growth of the target business. None of our sponsor,
officers, directors or stockholders is required to provide any financing to us in connection with or after our initial business
combination. If we are unable to complete our initial business combination, our public stockholders may only receive approximately
$10.00 per share on the liquidation of our trust account, and our warrants will expire worthless. Furthermore, as described in
the risk factor entitled &#8220;&#8212; If third parties bring claims against us, the proceeds held in the trust account could
be reduced and the per-share&nbsp;redemption amount received by stockholders may be less than $10.00 per share,&#8221; under certain
circumstances our public stockholders may receive less than $10.00 per share upon the liquidation of the trust account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Our initial stockholders may exert a substantial influence
on actions requiring a stockholder vote, potentially in a manner that you do not support.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Upon the closing of this offering, our initial stockholders
will own shares representing 20% of our issued and outstanding shares of common stock (assuming they do not purchase any units
in this offering). Accordingly, they may exert a substantial influence on actions requiring a stockholder vote, potentially in
a manner that you do not support, including amendments to our amended and restated certificate of incorporation and approval of
major corporate transactions. If our initial stockholders purchase any units in this offering or if our initial stockholders purchase
any additional shares of common stock in the aftermarket or in privately-negotiated&nbsp;transactions, this would increase their
control. Factors that would be considered in making such additional purchases would include consideration of the current trading
price of our Class A common stock. In addition, our board of directors, whose members were elected by our initial stockholders,
is and will be divided into two classes, each of which will generally serve for a term of two years with only one class of directors
being elected in each year. We may not hold an annual meeting of stockholders to elect new directors prior to the completion of
our initial business combination, in which case all of the current directors will continue in office until at least the completion
of the initial business combination. If there is an annual meeting, as a consequence of our &#8220;staggered&#8221; board of directors,
only a minority of the board of directors will be considered for election and our initial stockholders, because of their ownership
position, will have considerable influence regarding the outcome. Accordingly, our initial stockholders will continue to exert
control at least until the completion of our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Our sponsor paid an aggregate amount of $25,000 or approximately
$0.004 per founder share, and, accordingly, you will experience immediate and substantial dilution from the purchase of our Class
B common stock. </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The difference between the public offering price per share
(allocating all of the unit purchase price to the Class A common stock and none to the warrant included in the unit) and the pro
forma net tangible book value per share of our Class A common stock after this offering constitutes the dilution to you and the
other investors in this offering. Our sponsor acquired the founder shares at a nominal price, significantly contributing to this
dilution. Upon the closing of this offering, and assuming no value is ascribed to the warrants included in the units, you and
the other public stockholders will incur an immediate and substantial dilution of approximately 91.8% (or $9.18 per share, assuming
no exercise of the underwriters&#8217; over-allotment&nbsp;option), the difference between the pro forma net tangible book value
per share of $0.82 and the initial offering price of $10.00 per unit. In addition, because of the anti-dilution&nbsp;rights of
the founder shares, any equity or equity-linked&nbsp;securities issued or deemed issued in connection with our initial business
combination would be disproportionately dilutive to our Class A common stock and would be exacerbated to the extent the public
stockholders seek redemptions from the trust account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>We may amend the terms of the warrants in a manner that
may be adverse to holders of public warrants with the approval by the holders of at least a majority of the then outstanding public
warrants. As a result, the exercise price of your warrants could be increased, the exercise period could be shortened and the
number of shares of our Class A common stock purchasable upon exercise of a warrant could be decreased, all without your approval.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our warrants will be issued in registered form under a warrant
agreement between Continental Stock Transfer &amp; Trust Company, as warrant agent, and us. The warrant agreement provides that
the terms of the warrants may be amended without the consent of any holder to cure any ambiguity or correct any defective provision,
but requires the approval by the holders of at least a majority of the then outstanding public warrants to make any change that
adversely affects the interests of the registered holders of public warrants. Accordingly, we may amend the terms of the public
warrants in a manner adverse to a holder of public warrants if holders of at least a majority of the then outstanding public warrants
approve of such amendment. Although our ability to amend the terms of the public warrants with the consent of at least a majority
of the then outstanding public warrants is unlimited, examples of such amendments could be amendments to, among other things,
increase the exercise price of the warrants, convert the warrants into cash or stock, shorten the exercise period or decrease
the number of shares of our Class A common stock purchasable upon exercise of a warrant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <B><I>Our warrant agreement will designate the courts of
the State of New York or the United States District Court for the Southern District of New York as the sole and exclusive forum
for certain types of actions and proceedings that may be initiated by holders of our warrants, which could limit the ability of
warrant holders to obtain a favorable judicial forum for disputes with our company.</I></B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <B><I>&nbsp;</I></B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> Our warrant agreement will provide that, subject to applicable
law, (i) any action, proceeding or claim against us arising out of or relating in any way to the warrant agreement, including
under the Securities Act, will be brought and enforced in the courts of the State of New York or the United States District Court
for the Southern District of New York, and (ii) that we irrevocably submit to such jurisdiction, which jurisdiction shall be the
exclusive forum for any such action, proceeding or claim. We will waive any objection to such exclusive jurisdiction and that
such courts represent an inconvenient forum. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> Notwithstanding the foregoing, these provisions of the warrant
agreement will not apply to suits brought to enforce any liability or duty created by the Exchange Act or any other claim for
which the federal district courts of the United States of America are the sole and exclusive forum. Any person or entity purchasing
or otherwise acquiring any interest in any of our warrants shall be deemed to have notice of and to have consented to the forum
provisions in our warrant agreement. If any action, the subject matter of which is within the scope the forum provisions of the
warrant agreement, is filed in a court other than a court of the State of New York or the United States District Court for the
Southern District of New York (a &ldquo;foreign action&rdquo;) in the name of any holder of our warrants, such holder shall be
deemed to have consented to: (x) the personal jurisdiction of the state and federal courts located in the State of New York in
connection with any action brought in any such court to enforce the forum provisions (an &ldquo;enforcement action&rdquo;), and
(y) having service of process made upon such warrant holder in any such enforcement action by service upon such warrant holder&rsquo;s
counsel in the foreign action as agent for such warrant holder. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> This choice-of-forum provision may limit a warrant holder&rsquo;s
ability to bring a claim in a judicial forum that it finds favorable for disputes with our company, which may discourage such
lawsuits. Alternatively, if a court were to find this provision of our warrant agreement inapplicable or unenforceable with respect
to one or more of the specified types of actions or proceedings, we may incur additional costs associated with resolving such
matters in other jurisdictions, which could materially and adversely affect our business, financial condition and results of operations
and result in a diversion of the time and resources of our management and board of directors.<B>&nbsp;</B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>We may redeem your unexpired warrants prior to their
exercise at a time that is disadvantageous to you, thereby making your warrants worthless.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We have the ability to redeem outstanding warrants at any time
after they become exercisable and prior to their expiration, at a price of $0.01 per warrant; provided that the reported closing
price of our Class A common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations,
recapitalizations and the like) for any 20 trading days within a 30 trading-day&nbsp;period ending on the third trading day prior
to the date on which we give proper notice of such redemption to the warrantholders and provided certain other conditions are
met. If and when the warrants become redeemable by us, we may not exercise our redemption right if the issuance of shares of common
stock upon exercise of the warrants is not exempt from registration or qualification under applicable state blue sky laws or we
are unable to effect such registration or qualification. We will use our best efforts to register or qualify such shares of common
stock under the blue sky laws of the state of residence in those states in which the warrants were initially offered by us in
this offering. Redemption of the outstanding warrants could force you (i)&nbsp;to exercise your warrants and pay the exercise
price therefor at a time when it may be disadvantageous for you to do so, (ii) to sell your warrants at the then-current&nbsp;market
price when you might otherwise wish to hold your warrants or (iii) to accept the nominal redemption price which, at the time the
outstanding warrants are called for redemption, is likely to be substantially less than the market value of your warrants. None
of the private placement warrants will be redeemable by us so long as they are held by the sponsor or its permitted transferees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Our warrants and founder shares may have an adverse effect
on the market price of our Class A common stock and make it more difficult to effectuate our initial business combination.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will be issuing warrants to purchase 10,000,000&nbsp;shares
of our Class A common stock (or up to 11,500,000&nbsp;shares of Class A common stock if the underwriters&#8217; over-allotment&nbsp;option
is exercised in full) as part of the units offered by this prospectus and, simultaneously with the closing of this offering, we
will be issuing in a private placement warrants to purchase an aggregate of 5,750,000 (or up to 6,350,000 if the underwriters&#8217;
over-allotment&nbsp;option is exercised in full) shares of Class A common stock at $11.50 per share. Our initial stockholders
currently own an aggregate of 5,750,000 founder shares, 750,000 of which are subject to forfeiture if the underwriters&#8217;
over-allotment&nbsp;option is not exercised. The founder shares are convertible into shares of Class A common stock on a one-for-one&nbsp;basis,
subject to adjustment as set forth herein. In addition, if our sponsor or an affiliate of our sponsor or certain of our officers
and directors make any working capital loans, up to $1,500,000 of such loans may be converted into warrants, at the price of $1.00
per warrant at the option of the lender. Such warrants would be identical to the private placement warrants, including as to exercise
price, exercisability and exercise period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">To the extent we issue shares of Class A common stock to effectuate
an initial business combination, the potential for the issuance of a substantial number of additional shares of Class A common
stock upon exercise of these warrants and conversion rights could make us a less attractive business combination vehicle to a
target business. Any such issuance will increase the number of issued and outstanding shares of our Class A common stock and reduce
the value of the shares of Class A common stock issued to complete the initial business combination. Therefore, our warrants and
founder shares may make it more difficult to effectuate an initial business combination or increase the cost of acquiring the
target business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The private placement warrants are identical to the warrants
sold as part of the units in this offering except that, so long as they are held by our sponsor or its permitted transferees,
(i) they will not be redeemable by us, (ii) they (including the Class A common stock issuable upon exercise of these warrants)
may not, subject to certain limited exceptions, be transferred, assigned or sold by our sponsor until 30 days after the completion
of our initial business combination, (iii) they may be exercised by the holders on a cashless basis and (iv) the holders thereof
(including with respect to shares of Class A common stock issuable upon exercise of such warrants) are entitled to registration
rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Because each unit contains one-half of one redeemable
warrant and only a whole warrant may be exercised, the units may be worth less than units of other blank check companies.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Each unit contains one-half&nbsp;of one redeemable warrant.
No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Accordingly, unless you
purchase at least two units, you will not be able to receive or trade a whole warrant. This is different from other offerings
similar to ours whose units include one share of common stock and one warrant to purchase one share. We have established the components
of the units in this way in order to reduce the dilutive effect of the warrants upon completion of an initial business combination
since the warrants will be exercisable in the aggregate for one half of the number of shares compared to units that each contain
a warrant to purchase one share, thus making us, we believe, a more attractive business combination partner for target businesses.
Nevertheless, this unit structure may cause our units to be worth less than if they included a warrant to purchase one share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>A provision of our warrant agreement may make it more
difficult for use to consummate an initial business combination.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Unlike some other blank check companies, if</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">(i)&nbsp;&nbsp;&nbsp;we issue
additional shares of Class A common stock or equity-linked&nbsp;securities for capital raising purposes in connection with the
closing of our initial business combination at a Newly Issued Price of less than $9.20 per share;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">(ii)&nbsp;&nbsp;the aggregate
gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the
funding of our initial business combination on the date of the consummation of our initial business combination (net of redemptions),
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">(iii)&nbsp;the Market Value
is below $9.20 per share,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">then the exercise price of the warrants will be adjusted to
be equal to 115% of the higher of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger price
will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price. This
may make it more difficult for us to consummate an initial business combination with a target business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>The determination of the offering price of our units,
the size of this offering and terms of the units is more arbitrary than the pricing of securities and size of an offering of an
operating company in a particular industry. You may have less assurance, therefore, that the offering price of our units properly
reflects the value of such units than you would have in a typical offering of an operating company.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Prior to this offering there has been no public market for
any of our securities. The public offering price of the units and the terms of the warrants were negotiated between us and the
underwriters. In determining the size of this offering, management held customary organizational meetings with representatives
of the underwriters, both prior to our inception and thereafter, with respect to the state of capital markets, generally, and
the amount the underwriters believed they reasonably could raise on our behalf. Factors considered in determining the size of
this offering, prices and terms of the units, including the Class A common stock and warrants underlying the units, include:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
history and prospects of companies whose principal business is the acquisition of other companies;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;prior
offerings of those companies;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;our
prospects for acquiring an operating business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
review of debt to equity ratios in leveraged transactions;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;our
capital structure;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;an
assessment of our management and their experience in identifying operating companies;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;general
conditions of the securities markets at the time of this offering; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;other
factors as were deemed relevant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Although these factors were considered, the determination of
our offering size, price and terms of the units is more arbitrary than the pricing of securities of an operating company in a
particular industry since we have no historical operations or financial results.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>There is currently no market for our securities and a
market for our securities may not develop, which would adversely affect the liquidity and price of our securities.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">There is currently no market for our securities. Stockholders
therefore have no access to information about prior market history on which to base their investment decision. Following this
offering, the price of our securities may vary significantly due to one or more potential business combinations and general market
or economic conditions. Furthermore, an active trading market for our securities may never develop or, if developed, it may not
be sustained. You may be unable to sell your securities unless a market can be established and sustained.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Because we must furnish our stockholders with target
business financial statements, we may lose the ability to complete an otherwise advantageous initial business combination with
some prospective target businesses.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The federal proxy rules require that the proxy statement with
respect to the vote on an initial business combination include historical and pro forma financial statement disclosure. We will
include the same financial statement disclosure in connection with our tender offer documents, whether or not they are required
under the tender offer rules. These financial statements may be required to be prepared in accordance with, or be reconciled to,
accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) or international financial reporting
standards as issued by the International Accounting Standards Board (&#8220;IFRS&#8221;) depending on the circumstances and the
historical financial statements may be required to be audited in accordance with the standards of the Public Company Accounting
Oversight Board (United States) (&#8220;PCAOB&#8221;). These financial statement requirements may limit the pool of potential
target businesses we may acquire because some targets may be unable to provide such financial statements in time for us to disclose
such statements in accordance with federal proxy rules and complete our initial business combination within the prescribed time
frame.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>We are an emerging growth company and a smaller reporting
company within the meaning of the Securities Act, and if we take advantage of certain exemptions from disclosure requirements
available to emerging growth companies and smaller reporting companies, this could make our securities less attractive to investors
and may make it more difficult to compare our performance with other public companies.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are an &#8220;emerging growth company&#8221; within the
meaning of the Securities Act, as modified by the JOBS Act, and we may take advantage of certain exemptions from various reporting
requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to,
not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley&nbsp;Act, reduced
disclosure obligations regarding executive compensation in our periodic reports and proxy statements, and exemptions from the
requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute
payments not previously approved. As a result, our stockholders may not have access to certain information they may deem important.
We could be an emerging growth company for up to five years, although circumstances could cause us to lose that status earlier,
including if the market value of our Class A common stock held by non-affiliates&nbsp;exceeds $700&nbsp;million as of any June
30 before that time, in which case we would no longer be an emerging growth company as of the following December 31. We cannot
predict whether investors will find our securities less attractive because we will rely on these exemptions. If some investors
find our securities less attractive as a result of our reliance on these exemptions, the trading prices of our securities may
be lower than they otherwise would be, there may be a less active trading market for our securities and the trading prices of
our securities may be more volatile.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Further, Section 102(b)(1) of the JOBS Act exempts emerging
growth companies from being required to comply with new or revised financial accounting standards until private companies (that
is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered
under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that
a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging&nbsp;growth
companies but any such an election to opt out is irrevocable. We have elected not to opt out of such extended transition period,
which means that when a standard is issued or revised and it has different application dates for public or private companies,
we, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised
standard. This may make comparison of our financial statements with another public company which is neither an emerging growth
company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because
of the potential differences in accountant standards used.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Additionally, we are a &#8220;smaller reporting company&#8221;
as defined in Rule 10(f)(1) of Regulation S-K. Smaller reporting companies may take advantage of certain reduced disclosure obligations,
including, among other things, providing only two years of audited financial statements. We will remain a smaller reporting company
until the last day of the fiscal year in which (1) the market value of our common stock held by non-affiliates&nbsp;exceeds $250&nbsp;million
as of the end of the prior June 30<SUP>th</SUP>, or (2) our annual revenues exceeded $100&nbsp;million during such completed fiscal
year and the market value of our common stock held by non-affiliates&nbsp;exceeds $700&nbsp;million as of the prior June 30<SUP>th</SUP>.
To the extent we take advantage of such reduced disclosure obligations, it may also make comparison of our financial statements
with other public companies difficult or impossible.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Compliance obligations under the Sarbanes-Oxley Act may
make it more difficult for us to effectuate our initial business combination, require substantial financial and management resources,
and increase the time and costs of completing an initial business combination.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Section 404 of the Sarbanes-Oxley&nbsp;Act requires that we
evaluate and report on our system of internal controls beginning with our Annual Report on Form 10-K&nbsp;for the year ending
December&nbsp;31, 2021. Only in the event we are deemed to be a large accelerated filer or an accelerated filer, and no longer
qualify as an emerging growth company, will we be required to comply with the independent registered public accounting firm attestation
requirement on our internal control over financial reporting. Further, for as long as we remain an emerging growth company, we
will not be required to comply with the independent registered public accounting firm attestation requirement on our internal
control over financial reporting. The fact that we are a blank check company makes compliance with the requirements of the Sarbanes-Oxley&nbsp;Act
particularly burdensome on us as compared to other public companies because a target company with which we seek to complete our
initial business combination may not be in compliance with the provisions of the Sarbanes-Oxley&nbsp;Act regarding adequacy of
its internal controls. The development of the internal control of any such entity to achieve compliance with the Sarbanes-Oxley&nbsp;Act
may increase the time and costs necessary to complete any such business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Provisions in our amended and restated certificate of
incorporation and Delaware law may inhibit a takeover of us, which could limit the price investors might be willing to pay in
the future for our Class A common stock and could entrench management.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our amended and restated certificate of incorporation contains
provisions that may discourage unsolicited takeover proposals that stockholders may consider to be in their best interests. These
provisions include a staggered board of directors and the ability of the board of directors to designate the terms of and issue
new series of preferred shares, which may make the removal of management more difficult and may discourage transactions that otherwise
could involve payment of a premium over prevailing market prices for our securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are also subject to anti-takeover&nbsp;provisions under
Delaware law, which could delay or prevent a change of control. Together these provisions may make the removal of management more
difficult and may discourage transactions that otherwise could involve payment of a premium over prevailing market prices for
our securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <B><I>Our amended and restated certificate of incorporation
will require, to the fullest extent permitted by law, that derivative actions brought in our name, actions against our directors,
officers, other employees or stockholders for breach of fiduciary duty and certain other actions may be brought only in the Court
of Chancery in the State of Delaware and, if brought outside of Delaware, the stockholder bringing the suit will, subject to certain
exceptions, be deemed to have consented to service of process on such stockholder&rsquo;s counsel, which may have the effect of
discouraging lawsuits against our directors, officers, other employees or stockholders.</I></B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <B><I>&nbsp;</I></B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> Our amended and restated certificate of incorporation will
require, to the fullest extent permitted by law, that derivative actions brought in our name, actions against our directors, officers,
other employees or stockholders for breach of fiduciary duty and certain other actions may be brought only in the Court of Chancery
in the State of Delaware and, if brought outside of Delaware, the stockholder bringing the suit will be deemed to have consented
to service of process on such stockholder&rsquo;s counsel except any action (A) as to which the Court of Chancery in the State
of Delaware determines that there is an indispensable party not subject to the jurisdiction of the Court of Chancery (and the
indispensable party does not consent to the personal jurisdiction of the Court of Chancery within ten days following such determination),
(B) which is vested in the exclusive jurisdiction of a court or forum other than the Court of Chancery or (C) for which the Court
of Chancery does not have subject matter jurisdiction. Any person or entity purchasing or otherwise acquiring any interest in
shares of our capital stock shall be deemed to have notice of and consented to the forum provisions in our amended and restated
certificate of incorporation. This choice of forum provision may limit or make more costly a stockholder&rsquo;s ability to bring
a claim in a judicial forum that it finds favorable for disputes with us or any of our directors, officers, other employees or
stockholders, which may discourage lawsuits with respect to such claims. Alternatively, if a court were to find the choice of
forum provision contained in our amended and restated certificate of incorporation to be inapplicable or unenforceable in an action,
we may incur additional costs associated with resolving such action in other jurisdictions, which could harm our business, operating
results and financial condition. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> Our amended and restated certificate of incorporation will
provide that the exclusive forum provision will be applicable to the fullest extent permitted by applicable law, subject to certain
exceptions. Section 27 of the Exchange Act creates exclusive federal jurisdiction over all suits brought to enforce any duty or
liability created by the Exchange Act or the rules and regulations thereunder. As a result, the exclusive forum provision will
not apply to suits brought to enforce any duty or liability created by the Exchange Act or any other claim for which the federal
courts have exclusive jurisdiction. In addition, our amended and restated certificate of incorporation provides that, unless we
consent in writing to the selection of an alternative forum, the federal district courts of the United States of America shall,
to the fullest extent permitted by law, be the exclusive forum for the resolution of any complaint asserting a cause of action
arising under the Securities Act of 1933, as amended, or the rules and regulations promulgated thereunder. We note, however, that
there is uncertainty as to whether a court would enforce this provision and that investors cannot waive compliance with the federal
securities laws and the rules and regulations thereunder. Section 22 of the Securities Act creates concurrent jurisdiction for
state and federal courts over all suits brought to enforce any duty or liability created by the Securities Act or the rules and
regulations thereunder. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Cyber incidents or attacks directed at us could result
in information theft, data corruption, operational disruption and/or financial loss.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We depend on digital technologies, including information systems,
infrastructure and cloud applications and services, including those of third parties with which we may deal. Sophisticated and
deliberate attacks on, or security breaches in, our systems or infrastructure, or the systems or infrastructure of third parties
or the cloud, could lead to corruption or misappropriation of our assets, proprietary information and sensitive or confidential
data. As an early stage company without significant investments in data security protection, we may not be sufficiently protected
against such occurrences. We may not have sufficient resources to adequately protect against, or to investigate and remediate
any vulnerability to, cyber incidents. It is possible that any of these occurrences, or a combination of them, could have adverse
consequences on our business and lead to financial loss.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Our search for a business combination, and any target
business with which we ultimately consummate a business combination, may be materially adversely affected by the recent coronavirus
(&quot;COVID-19&quot;) outbreak and the status of debt and equity markets.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In December 2019, a novel strain of coronavirus was reported
to have surfaced in Wuhan, China, which has and is continuing to spread throughout China and other parts of the world, including
the United States. On January 30, 2020, the World Health Organization declared the outbreak of COVID-19 a &ldquo;Public Health
Emergency of International Concern.&rdquo; On January 31, 2020, U.S. Health and Human Services Secretary Alex M. Azar II declared
a public health emergency for the United States to aid the U.S. healthcare community in responding to COVID-19, and on March 11,
2020 the World Health Organization characterized the outbreak as a &ldquo;pandemic&rdquo;. The COVID-19 outbreak has resulted
in, and a significant outbreak of other infectious diseases could result in, a widespread health crisis that could adversely affect
the economies and financial markets worldwide, and the business of any potential target business with which we consummate a business
combination could be materially and adversely affected. Furthermore, we may be unable to complete a business combination if continued
concerns relating to COVID-19 continue to restrict travel, limit the ability to have meetings with potential investors or the
target company&rsquo;s personnel, vendors and services providers are unavailable to negotiate and consummate a transaction in
a timely manner. The extent to which COVID-19 impacts our search for a business combination will depend on future developments,
which are highly uncertain and cannot be predicted, including new information which may emerge concerning the severity of COVID-19
and the actions to contain COVID-19 or treat its impact, among others. If the disruptions posed by COVID-19 or other matters of
global concern continue for an extensive period of time, our ability to consummate a business combination, or the operations of
a target business with which we ultimately consummate a business combination, may be materially adversely affected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In addition, our ability to consummate a transaction may be
dependent on the ability to raise equity and debt financing, which may be impacted by COVID-19 and other events, including increased
market volatility, decreased market liquidity and third-party financing being unavailable on terms acceptable to us or at all.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>If we effect our initial business combination with a
company with locations or operations or opportunities outside of the United States, we would be subject to a variety of additional
risks that may negatively impact our operations.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If we effect our initial business combination with a company
with locations or operations or opportunities outside of the United States, we would be subject to any special considerations
or risks associated with companies operating in an international setting, including any of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;higher
costs and difficulties inherent in managing cross-border&nbsp;business operations and complying with different commercial and
legal requirements of overseas markets;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;rules
and regulations regarding currency redemption;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;complex
corporate withholding taxes on individuals;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;laws
governing the manner in which future business combinations may be effected;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;tariffs
and trade barriers;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;regulations
related to customs and import/export matters;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;longer
payment cycles and challenges in collecting accounts receivable;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;tax
issues, including, but not limited to, tax law changes and variations in tax laws as compared to the United States;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;currency
fluctuations and exchange controls;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;rates
of inflation;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;cultural
and language differences;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;employment
regulations;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;changes
in industry, regulatory or environmental standards within the jurisdictions where we operate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;crime,
strikes, riots, civil disturbances, terrorist attacks, natural disasters and wars;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;deterioration
of political relations with the United States; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;government
appropriations of assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We may not be able to adequately address these additional risks.
If we were unable to do so, our operations might suffer, which may adversely impact our results of operations and financial condition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>An investment in this offering may result in uncertain
or adverse U.S. federal income tax consequences.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">An investment in this offering may result in uncertain U.S.
federal income tax consequences. For instance, because there are no authorities that directly address instruments similar to the
units we are issuing in this offering, the allocation an investor makes with respect to the purchase price of a unit between the
share of Class A common stock and the one half of one redeemable warrant to purchase one share of our Class A common stock included
in each unit could be challenged by the Internal Revenue Service or the courts. Furthermore, the U.S. federal income tax consequences
of a cashless exercise of warrants included in the units we are issuing in this offering is unclear under current law, and the
adjustment to the exercise price and/or redemption price of the warrants could give rise to dividend income to investors without
a corresponding payment of cash. Finally, it is unclear whether the redemption rights with respect to our shares of common stock
suspend the running of a U.S. holder&rsquo;s holding period for purposes of determining whether any gain or loss realized by such
holder on the sale or exchange of common stock is long term capital gain or loss and for determining whether any dividend we pay
would be considered &ldquo;qualified dividends&rdquo; for U.S. federal income tax purposes. See the section titled &ldquo;U.S.
Federal Income Tax Considerations&rdquo; for a summary of the material U.S. federal income tax considerations applicable to an
investment in our securities. Prospective investors are urged to consult their tax advisors with respect to these and other tax
consequences applicable to their specific circumstances when purchasing, holding or disposing of our securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>We may be subject to an increased rate of tax on our
income if we are treated as a personal holding company.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Depending on the date and size of our initial business combination,
it is possible that we could be treated as a &ldquo;personal holding company&rdquo; for U.S. federal income tax purposes. A U.S.
corporation generally will be classified as a personal holding company for U.S. federal income tax purposes in a given taxable
year if more than 50% of its ownership (by value) is concentrated, within a certain period of time, in five or fewer individuals
(without regard to their citizenship or residency and including as individuals for this purpose certain entities such as certain
tax-exempt organizations, pension funds, and charitable trusts), and at least 60% of its income is comprised of certain passive
items. See the section titled &ldquo;U.S. Federal Tax Considerations &mdash; Personal Holding Company Status&rdquo; for more detailed
information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Business combinations with companies in the convenience
store industry entail special considerations and risks.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Business combinations with convenience stores and businesses
related to the convenience store business entail special considerations and risks. If we are successful in completing a business
combination with such a target business, we will be subject to, and possibly adversely affected by, the following risks:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Pandemics
                                         or disease outbreaks such as COVID-19 have, and may continue to have, adverse impacts
                                         on the convenience store industry.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">In
                                         addition, the general economic and other impacts related to responsive actions taken
                                         by governments and others to mitigate the spread of COVID-19, including but not limited
                                         to &#8220;stay-at-home,&#8221; &#8220;shelter-in-place&#8221; and other travel restrictions,
                                         social distancing requirements, limitations on certain businesses&#8217; hours and operations,
                                         limits on public gatherings and other events, and restrictions on how certain products
                                         can be sold, have, and may continue to, result in declines in store traffic and overall
                                         demand, increased operating costs, and potentially reduced unit growth. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">The
                                         convenience store and retail fuel industries are highly competitive and often characterized
                                         by ease of entry and constant change in the number and type of retailers offering convenience
                                         store/retail fuel products and services. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Industry
                                         profitability is significantly affected by changes in retail fuel margins. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">In
                                         addition, the supply of fuel and wholesale purchase costs could be adversely affected
                                         in the event of a shortage, which could result from, among other things, lack of capacity
                                         at United States oil refineries and an interrupted supply of fuel. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Technological
                                         advances and consumer behavior in reducing fuel use and governmental mandates to improve
                                         fuel efficiency could lessen the demand for petroleum-based motor fuel, which may have
                                         a material adverse effect on the business, financial condition, and results of operation.
                                         </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">A
                                         significant percentage of industry sales are made with the use of credit cards. Because
                                         the interchange fees paid when credit cards are used to make purchases are based on transaction
                                         amounts, higher fuel prices at the pump and higher gallon movement result in higher credit
                                         card expenses. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Current
                                         economic conditions, including those resulting from the COVID-19 pandemic, higher interest
                                         rates, higher fuel and other energy costs, inflation, increases or fluctuations in commodity
                                         prices such as cheese and coffee, higher levels of unemployment, higher consumer debt
                                         levels and lower consumer discretionary spending, higher tax rates and other changes
                                         in tax laws or other economic factors may affect input costs and consumer spending or
                                         buying habits, and could adversely affect the costs of the products sold in convenience
                                         stores and the consumer demand for such products. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Sales
                                         of tobacco products have historically accounted for an important portion of the total
                                         sales of convenience store merchandise. Significant increases in wholesale cigarette
                                         costs and tax increases on tobacco products, as well as future legislation and national
                                         and local campaigns to discourage smoking in the United States, may have an adverse effect
                                         on the demand for tobacco products, and therefore reduce revenues and profits. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Retail
                                         convenience store operations are subject to extensive local, state and federal governmental
                                         laws and regulations relating to, among other things, the sale of alcohol, tobacco, lottery
                                         and lotto, employment conditions, including minimum wage requirements, and public accessibility
                                         requirements. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">In
                                         the normal course of business as a gasoline and merchandise retailer, convenience store
                                         operators obtain large amounts of personal data, including credit and debit card information
                                         from customers. A breakdown or a breach in systems that results in the unauthorized release
                                         of individually identifiable customer or other sensitive data could occur and have a
                                         material adverse effect on the operator&#8217;s reputation, operating results and financial
                                         condition.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Depending
                                         on the regions of operations, convenience store operators may be susceptible to tornadoes,
                                         hurricanes, thunderstorms, extended periods of rain or unseasonably cold temperatures,
                                         flooding, ice storms, and heavy snow. Inclement weather conditions could damage facilities
                                         or could have a significant impact on consumer behavior, travel, and convenience store
                                         traffic patterns as well as ability to operate convenience store locations. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Because
                                         convenience store operators depend on their management&#8217;s and other team members&#8217;
                                         experience and knowledge of the industry, business could be adversely affected if there
                                         is employee attrition, or if there is difficulty in recruiting and retaining any such
                                         team members.</FONT></TD></TR></TABLE>

<P STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: left; font-size: 10pt; margin-top: 0; margin-bottom: 0">Any of the foregoing could have an adverse impact
on our operations following a business combination. However, our efforts in identifying prospective target businesses will not
be limited to the convenience store industry. Accordingly, if we acquire a target business in another industry, these risks we
will be subject to risks attendant with the specific industry in which we operate or target business which we acquire, which may
or may not be different than those risks listed above.<FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: left; font-size: 10pt; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="text-align: left; font-size: 10pt; margin-top: 0; margin-bottom: 0"></P>

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<P STYLE="text-align: left; font-size: 10pt; margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="x_002"></A>CAUTIONARY NOTE
REGARDING FORWARD-LOOKING STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Certain statements in this prospectus may constitute &#8220;forward-looking&nbsp;statements&#8221;
for purposes of the federal securities laws. Our forward-looking&nbsp;statements include, but are not limited to, statements regarding
our or our management team&#8217;s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any
statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying
assumptions, are forward-looking&nbsp;statements. The words &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;continue,&#8221;
 &#8220;could,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;may,&#8221; &#8220;might,&#8221;
 &#8220;plan,&#8221; &#8220;possible,&#8221; &#8220;potential,&#8221; &#8220;predict,&#8221; &#8220;project,&#8221; &#8220;should,&#8221;
 &#8220;would&#8221; and similar expressions may identify forward-looking&nbsp;statements, but the absence of these words does
not mean that a statement is not forward-looking. Forward-looking&nbsp;statements in this prospectus may include, for example,
statements about:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;our
ability to select an appropriate target business or businesses;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;our
ability to complete our initial business combination;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;our
expectations around the performance of the prospective target business or businesses;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;our
success in retaining or recruiting, or changes required in, our officers, key employees or directors following our initial business
combination;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;our
officers and directors allocating their time to other businesses and potentially having conflicts of interest with our business
or in approving our initial business combination;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;our
potential ability to obtain additional financing to complete our initial business combination;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;our
pool of prospective target businesses;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
ability of our officers and directors to generate a number of potential acquisition opportunities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;our
public securities&#8217; potential liquidity and trading;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
lack of a market for our securities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
use of proceeds not held in the trust account or available to us from interest income on the trust account balance;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
trust account not being subject to claims of third parties; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;our
financial performance following this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The forward-looking&nbsp;statements contained in this prospectus
are based on our current expectations and beliefs concerning future developments and their potential effects on us. There can
be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking&nbsp;statements
involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results
or performance to be materially different from those expressed or implied by these forward-looking&nbsp;statements. These risks
and uncertainties include, but are not limited to, those factors described under the section of this prospectus entitled &#8220;Risk
Factors&#8221; beginning on page 27. Should one or more of these risks or uncertainties materialize, or should any of our assumptions
prove incorrect, actual results may vary in material respects from those projected in these forward-looking&nbsp;statements. We
undertake no obligation to update or revise any forward-looking&nbsp;statements, whether as a result of new information, future
events or otherwise, except as may be required under applicable securities laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="x_003"></A>USE OF PROCEEDS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are offering 20,000,000 units at an offering price of $10.00
per unit. We estimate that the net proceeds of this offering together with the funds we will receive from the sale of the private
placement warrants will be used as set forth in the following table.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Without<BR>
    Over-Allotment<BR> Option</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Over-Allotment<BR>
    Option Fully<BR> Exercised</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: italic bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Gross
    proceeds</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 74%; text-align: left; text-indent: -10pt; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Gross
    proceeds from units offered to public<SUP>(1)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">200,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">230,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Gross
    proceeds from private placement warrants offered in the private placement</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">5,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">6,350,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left; text-indent: -10pt; padding-left: 10pt">Total
    gross proceeds</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">205,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">236,350,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: italic bold 10pt Times New Roman, Times, Serif; text-indent: -10pt; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Offering
    expenses<SUP>(2)</SUP></I></B></FONT></TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left; text-indent: -10pt; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Underwriting
    commissions (2% of gross proceeds from units offered to public, excluding deferred portion)<SUP>(3)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">4,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">4,600,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Legal fees
    and expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">250,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">250,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Accounting
    fees and expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">32,500</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">32,500</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">SEC/FINRA Expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">64,854</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">64,854</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Travel and
    road show</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">25,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">25,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Nasdaq listing
    and filing fees</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Director and
    Officer liability insurance premiums</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">125,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">125,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Printing and
    engraving expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">35,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">35,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Miscellaneous</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">212,646</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">212,646</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Total offering
    expenses (excluding underwriting commissions)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Proceeds
    after offering expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">201,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">231,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left; text-indent: -10pt; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Held
    in trust account<SUP>(3)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">200,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">230,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">% of public
    offering size</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">100</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">100</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left; text-indent: -10pt; padding-left: 10pt">Not
    held in trust account</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">1,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">1,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following table shows the estimated use of the approximately
$1,000,000 of net proceeds not held in the trust account.<SUP>(4)</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Amount</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">%&nbsp;of&nbsp;Total</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 74%; text-align: left; text-indent: -10pt; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Legal,
    accounting, due diligence, travel, and other expenses in connection with any business combination<SUP>(5)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">425,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">42.5</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Legal and accounting
    fees related to regulatory reporting obligations</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">150,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">15.0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">NASDAQ continued
    listing fees</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">75,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">7.5</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Payment for
    office space, utilities and secretarial and administrative support ($10,000 per month for up to 24 months)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">240,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">24.0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Working
    capital to cover miscellaneous expenses (including taxes)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">110,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">11.0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Total</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">1,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">100.0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">%</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Includes
amounts payable to public stockholders who properly redeem their shares in connection with our successful completion of our initial
business combination. Includes gross proceeds from this offering of $200,000,000 (or $230,000,000 if the underwriters&#8217; overallotment
option is exercised in full).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
portion of the offering expenses will be paid from the proceeds of loans from our sponsor of up to an aggregate of $300,000 as
described in this prospectus. As of July 22, 2020, we had borrowed $38,878 (of up to $300,000 available to us) under the promissory
notes with our sponsor to be used for a portion of the expenses of this offering. These amounts will be repaid upon completion
of this offering out of the offering proceeds that has been allocated for the payment of offering expenses (other than underwriting
commissions). In the event that offering expenses are more than as set forth in this table, they will be repaid using a portion
of the $1,000,000 of offering proceeds not held in the trust account and set aside for post-closing&nbsp;working capital expenses.
In the event that offering expenses are less than set forth in this table, any such amounts will be used for post-closing&nbsp;working
capital expenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0 0pt 24pt; text-indent: -24pt">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
underwriters have agreed to defer underwriting commissions equal to 3.5% of the gross proceeds of this offering. Upon completion
of our initial business combination, $7,000,000, which constitutes the underwriter&#8217;s deferred commissions (or $8,050,000
if the underwriters&#8217; over-allotment&nbsp;option is exercised in full) will be paid to the underwriters from the funds held
in the trust account, and the remaining funds, less amounts released to the trustee to pay redeeming stockholders, will be released
to us and can be used to pay all or a portion of the purchase price of the business or businesses with which our initial business
combination occurs or for general corporate purposes, including payment of principal or interest on indebtedness incurred in connection
with our initial business combination, to fund the purchases of other companies or for working capital. The underwriters will
not be entitled to any interest accrued on the deferred underwriting discounts and commissions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These
expenses are estimates only and do not include interest which may be available to us from the trust account. Our actual expenditures
for some or all of these items may differ from the estimates set forth herein. For example, we may incur greater legal and accounting
expenses than our current estimates in connection with negotiating and structuring our initial business combination based upon
the level of complexity of such business combination. In the event we identify an initial business combination target in a specific
industry subject to specific regulations, we may incur additional expenses associated with legal due diligence and the engagement
of special legal counsel. In addition, our staffing needs may vary and as a result, we may engage a number of consultants to assist
with legal and financial due diligence. We do not anticipate any change in our intended use of proceeds, other than fluctuations
among the current categories of allocated expenses, which fluctuations, to the extent they exceed current estimates for any specific
category of expenses, would not be available for our expenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">(5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Includes
estimated amounts that may also be used in connection with our initial business combination to fund a &#8220;no shop&#8221; provision
and commitment fees for financing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We may increase or decrease the total number of units sold
to the public in this offering. If we decide to proceed with an offering that results in an increase in the total number of units
sold to the public, we would have additional proceeds from the offering available to pursue an acquisition. If we proceed with
an offering that results in a decrease in the total number of shares sold to the public, we would have reduced proceeds from the
offering available to pursue an acquisition. Such an increase or decrease may impact the size of the initial business combination
we may pursue. In addition, the proceeds held in trust would correspondingly increase or decrease such that 100% of the gross
proceeds from this offering will be held in trust. The underwriter&#8217;s option to purchase additional units to cover over-allotments&nbsp;and
the amount of private placement warrants that our sponsor will purchase will correspondingly increase or decrease. We would issue
additional founder shares in the event we increase the total number of units sold in this offering and our sponsor would forfeit
founder shares it holds in the event we decrease the total number of units sold in this offering so that the number of shares
of Class&nbsp;A common stock issuable upon conversion of all shares of Class&nbsp;B common stock will equal, in the aggregate,
on an&nbsp;as-converted&nbsp;basis, 20% of the sum of the total number of all shares of common stock outstanding upon completion
of this offering the total number of shares of Class A common stock issued, or deemed issued or issuable upon conversion or exercise
of any equity-linked&nbsp;securities or rights issued or deemed issued, by the Company in connection with or in relation to the
consummation of the initial business combination, excluding any shares of Class A common stock or equity-linked&nbsp;securities
exercisable for or convertible into shares of Class A common stock issued, or to be issued, to any seller in the initial business
combination and any private placement-equivalent&nbsp;warrants issued to our sponsor, officers or directors upon conversion of
working capital loans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Of the net proceeds of this offering and the sale of the private
placement warrants, $200,000,000 (or $230,000,000 if the underwriters&#8217; over-allotment&nbsp;option is exercised in full),
including $7,000,000 (or $8,050,000 if the underwriters&#8217; over-allotment&nbsp;option is exercised in full) of deferred underwriting
commissions, will be placed in a trust account in the United States at J.P. Morgan Chase Bank, N.A., with Continental Stock Transfer
 &amp; Trust Company acting as trustee, and will be invested only in U.S. government treasury bills with a maturity of 185&nbsp;days
or less or in money market funds meeting certain conditions under Rule 2a-7&nbsp;under the Investment Company Act, which invest
only in direct U.S. government treasury obligations. We estimate that the interest earned on the trust account will be approximately
$200,000 per year, assuming an interest rate of 0.1% per year; however, we can provide no assurance regarding this amount. Except
with respect to interest earned on the funds held in the trust account that may be released to us to pay our tax obligations,
the proceeds from this offering and the sale of the private placement warrants will not be released from the trust account until
the earliest to occur of: (a) the completion of our initial business combination, (b) the redemption of any public shares properly
submitted in connection with a stockholder vote to amend our amended and restated certificate of incorporation to (i) modify the
substance or timing of our obligation to provide for the redemption of our public shares in connection with an initial business
combination or to redeem 100% of our public shares if we do not complete our initial business combination within 24&nbsp;months
from the closing of this offering or (ii) with respect to any other material provisions relating to stockholders&#8217; rights
or pre-initial&nbsp;business combination activity, and (c) the redemption of our public shares if we are unable to complete our
initial business combination within 24&nbsp;months from the closing of this offering, subject to applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The net proceeds released to us from the trust account upon
the closing of our initial business combination may be used as consideration to pay the sellers of a target business with which
we complete our initial business combination. If our initial business combination is paid for using equity or debt securities,
or not all of the funds released from the trust account are used for payment of the consideration in connection with our initial
business combination or used for redemption of our public shares, we may use the balance of the cash released from the trust account
following the closing for general corporate purposes, including for maintenance or expansion of operations of the post-transaction&nbsp;company,
the payment of principal or interest due on indebtedness incurred in completing our initial business combination, to fund the
purchase of other companies or for working capital. There is no limitation on our ability to raise funds through the issuance
of equity-linked&nbsp;securities or through loans, advances or other indebtedness in connection with our initial business combination,
including pursuant to forward purchase agreements or backstop arrangements we may enter into following consummation of this offering.
However, our amended and restated certificate of incorporation will provide that, following this offering and prior to the consummation
of our initial business combination, we will be prohibited from issuing additional securities that would entitle the holders thereof
to (i) receive funds from the trust account or (ii) vote as a class with our public shares (a) on any initial business combination
or (b) to approve an amendment to our amended and restated certificate of incorporation to (x) extend the time we have to consummate
a business combination beyond 24&nbsp;months from the closing of this offering or (y) amend the foregoing provisions, unless (in
connection with any such amendment to our amended and restated certificate of incorporation) we offer our public stockholders
the opportunity to redeem their public shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We believe that amounts not held in trust will be sufficient
to pay the costs and expenses to which such proceeds are allocated. This belief is based on the fact that while we may begin preliminary
due diligence of a target business in connection with an indication of interest, we intend to undertake in-depth&nbsp;due diligence,
depending on the circumstances of the relevant prospective business combination, only after we have negotiated and signed a letter
of intent or other preliminary agreement that addresses the terms of an initial business combination. However, if our estimate
of the costs of undertaking in-depth&nbsp;due diligence and negotiating an initial business combination is less than the actual
amount necessary to do so, we may be required to raise additional capital, the amount, availability and cost of which is currently
unascertainable. If we are required to seek additional capital, we could seek such additional capital through loans or additional
investments from our sponsor, members of our management team or their affiliates, but such persons are not under any obligation
to advance funds to, or invest in, us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Commencing on the date of this prospectus, we have agreed to
pay our sponsor a total of $10,000 per month for office space, utilities and secretarial and administrative support.
Upon completion of our initial business combination or our liquidation, we will cease paying these monthly fees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Prior to the closing of this offering, our sponsor has agreed
to loan us up to an aggregate of $300,000 to be used for a portion of the expenses of this offering. As of July 22, 2020, we had
borrowed $38,878 under the promissory notes with our sponsor to be used for a portion of the expenses of this offering. These
loans are non-interest&nbsp;bearing, unsecured and are due at the earlier of December 31, 2020 or the closing of this offering.
The loan will be repaid upon the closing of this offering out of offering proceeds not held in the trust account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In addition, in order to finance transaction costs in connection
with an intended initial business combination, our sponsor or an affiliate of our sponsor or certain of our officers and directors
may, but are not obligated to, loan us funds as may be required. If we complete our initial business combination, we would repay
such loaned amounts out of the proceeds of the trust account released to us. Otherwise, such loans would be repaid only out of
funds held outside the trust account. In the event that our initial business combination does not close, we may use a portion
of the working capital held outside the trust account to repay such loaned amounts but no proceeds from our trust account would
be used to repay such loaned amounts. Up to $1,500,000 of such loans may be convertible into warrants, at a price of $1.00 per
warrant at the option of the lender. The warrants would be identical to the private placement warrants, including as to exercise
price, exercisability and exercise period. The terms of such loans by our officers and directors, if any, have not been determined
and no written agreements exist with respect to such loans. We do not expect to seek loans from parties other than our sponsor
or an affiliate of our sponsor as we do not believe third parties will be willing to loan such funds and provide a waiver against
any and all rights to seek access to funds in our trust account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will only redeem our public shares so long as (after such
redemption) our net tangible assets will be at least $5,000,001 either immediately prior to or upon consummation of our initial
business combination and after payment of deferred underwriters&#8217; fees and commissions (so that we are not subject to the
SEC&#8217;s &#8220;penny stock&#8221; rules) and the agreement for our initial business combination may require as a closing condition
that we have a minimum net worth or a certain amount of cash. If too many public stockholders exercise their redemption rights
so that we cannot satisfy the net tangible asset requirement or any net worth or cash requirements, we would not proceed with
the redemption of our public shares or the initial business combination, and instead may search for an alternate business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">A public stockholder will be entitled to receive funds from
the trust account only upon the earliest to occur of: (i) our completion of an initial business combination, (ii) the redemption
of any public shares properly submitted in connection with a stockholder vote to amend our amended and restated certificate of
incorporation to (A) modify the substance or timing of our obligation to provide for the redemption of our public shares in connection
with an initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination
within 24&nbsp;months from the closing of this offering or (B) with respect to any other material provisions relating to stockholders&#8217;
rights or pre-initial&nbsp;business combination activity, and (iii) the redemption of our public shares if we are unable to complete
our initial business combination within 24&nbsp;months following the closing of this offering, subject to applicable law and as
further described herein and any limitations (including, but not limited to, cash requirements) created by the terms of the proposed
initial business combination. In no other circumstances will a public stockholder have any right or interest of any kind to or
in the trust account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our sponsor, officers and directors have entered into a letter
agreement with us, pursuant to which they have agreed to waive their redemption rights with respect to any founder shares and
any public shares held by them in connection with the completion of our initial business combination. In addition, our initial
stockholders have agreed to waive their rights to liquidating distributions from the trust account with respect to any founder
shares held by them if we fail to complete our initial business combination within the prescribed time frame. However, if our
sponsor or any of our officers, directors or affiliates acquires public shares in or after this offering, they will be entitled
to liquidating distributions from the trust account with respect to such public shares if we fail to complete our initial business
combination within the prescribed time frame.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="x_004"></A>DIVIDEND POLICY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We have not paid any cash dividends on our common stock to
date and do not intend to pay cash dividends prior to the completion of our initial business combination. The payment of cash
dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition
subsequent to completion of our initial business combination. The payment of any cash dividends subsequent to our initial business
combination will be within the discretion of our board of directors at such time. If we increase or decrease the size of the offering
we will effect a stock dividend or a share contribution back to capital or other appropriate mechanism, as applicable, with respect
to our Class B common stock immediately prior to the consummation of the offering in such amount as to maintain the ownership
of our initial stockholders at 20% of the issued and outstanding shares of our common stock upon the consummation of this offering.
Further, if we incur any indebtedness in connection with our initial business combination, our ability to declare dividends may
be limited by restrictive covenants we may agree to in connection therewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="x_005"></A>DILUTION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The difference between the public offering price per share
of Class A common stock, assuming no value is attributed to the warrants included in the units we are offering pursuant to this
prospectus or the private placement warrants, and the pro forma net tangible book value per share of our Class A common stock
after this offering constitutes the dilution to investors in this offering. Such calculation does not reflect any dilution associated
with the sale and exercise of warrants, including the private placement warrants, which would cause the actual dilution to the
public stockholders to be higher, particularly where a cashless exercise is utilized. Net tangible book value per share is determined
by dividing our net tangible book value, which is our total tangible assets less total liabilities (including the value of Class
A common stock which may be redeemed for cash), by the number of outstanding shares of our Class A common stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">At July 22, 2020, our net tangible book value was $(18,378),
or approximately $(0.00) per share of common stock. After giving effect to the sale of 20,000,000 shares of Class A common stock
included in the units we are offering by this prospectus (or 23,000,000 shares of Class A common stock if the underwriters&#8217;
over-allotment option is exercised in full), the sale of the private placement warrants and the deduction of underwriting commissions
and estimated expenses of this offering, our pro forma net tangible book value at July 22, 2020 would have been $5,000,002, or
approximately $0.82 per share (or $0.72 per share if the underwriters&#8217; over-allotment option is exercised in full), representing
an immediate increase in net tangible book value (as decreased by the value of the approximately 18,902,412 shares of Class A
common stock that may be redeemed for cash, or 21,797,412 shares of Class A common stock if the underwriters&#8217; over-allotment
option is exercised in full) of $0.82 per share (or $0.72 per share if the underwriters&#8217; over-allotment option is exercised
in full) to our initial stockholders as of the date of this prospectus and immediate dilution to public stockholders from this
offering will be $9.18 per share (or $9.28 if the underwriters&#8217; over-allotment option is exercised in full).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following table illustrates the dilution to the public
stockholders on a per-share&nbsp;basis, assuming no value is attributed to the warrants included in the units or the private placement
warrants:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">No
    exercise of<BR> over-allotment<BR> option</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Exercise&nbsp;of<BR>
    over-allotment<BR> option in full</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 74%; padding-bottom: 1pt">Public offering price</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">10.00</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">10.00</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Net tangible book value before this offering</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(0.00</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(0.00</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Increase attributable to public
    stockholders and sale of the private placement warrants</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">0.82</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">0.72</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Pro forma net tangible book value
    after this offering</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">0.82</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">0.72</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Dilution to public stockholders</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">9.18</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">9.28</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Percentage of dilution to public stockholders</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">91.8</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">92.8</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">For purposes of presentation, we have reduced
our pro forma net tangible book value after this offering (assuming no exercise of the underwriters&#8217; over-allotment&nbsp;option)
by $189,024,120 because holders of up to approximately 94.5% of our public shares may redeem their shares for a&nbsp;<I>pro&nbsp;rata</I>&nbsp;share
of the aggregate amount then on deposit in the trust account at a per share redemption price equal to the amount in the trust
account as set forth in our tender offer or proxy materials (initially anticipated to be the aggregate amount held in trust two
days prior to the commencement of our tender offer or stockholders&#8217; meeting, including interest earned on the funds held
in the trust account and not previously released to us to pay our taxes), divided by the number of shares of Class A common stock
sold in this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following table sets forth information with respect to
our initial stockholders and the public stockholders:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Shares
    Purchased</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Total
    Consideration</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">Average</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Number</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Percentage</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Amount</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Percentage</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Price<BR>
    Per Share</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 35%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Initial
    Stockholders<SUP>(1)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">5,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">20.000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">25,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">0.012</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">0.005</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Public Stockholders</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">20,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">80.000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">200,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">99.988</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">10.000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">25,000000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">100.000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">200,025,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">100.00</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">%</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assumes
no exercise of the underwriters&#8217; over-allotment&nbsp;option and the corresponding forfeiture of an aggregate of 750,000&nbsp;shares
of Class B common stock held by our sponsor and conversion of Class B common stock into Class A common stock on a one for-one&nbsp;basis.
The dilution to public stockholders would increase to the extent that the anti-dilution&nbsp;provisions of the Class B common
shares result in the issuance of Class A common shares on a greater than one-to-one&nbsp;basis upon such conversion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The pro forma net tangible book value per share after this
offering is calculated as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Without<BR>
    Over-allotment</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">With<BR>
    Over-allotment</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif">Numerator:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 74%; text-align: left">Net tangible book value before this offering</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">(18,378</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">(18,378</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Plus: Offering costs paid in advance, excluded from
    tangible book value before this offering</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">42,500</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">42,500</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.125in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Net
    proceeds from this offering and sale of the private placement warrants, net of expenses<SUP>(1)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">201,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">231,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Less: Deferred underwriting commissions</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(7,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(8,050,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Less:
    Proceeds held in trust subject to redemption to maintain net tangible assets of $5,000,001<SUP>(2)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(189,024,120</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(217,974,120</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">5,000,002</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">5,000,002</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Without<BR>
    Over-allotment</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">With<BR>
    Over-allotment</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif">Denominator:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 74%; text-align: left">Shares of Class B common stock outstanding
    prior to this offering</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">5,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">5,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Shares of Class B common stock forfeited if over-allotment
    is not exercised</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Shares of Class A common stock included in the units
    offered</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">20,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">23,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Less: Shares subject to redemption</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(18,902,412</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(21,797,412</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">6,097,588</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">6,952,588</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expenses
applied against gross proceeds include offering expenses of $750,000 and underwriting commissions of $4,000,000 (or $4,600,000
if the underwriters&#8217; over-allotment&nbsp;option is exercised in full) (excluding deferred underwriting fees). See &#8220;Use
of Proceeds.&#8221;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
we seek stockholder approval of our initial business combination and we do not conduct redemptions in connection with our initial
business combination pursuant to the tender offer rules, our sponsor, initial stockholders, directors, executive officers, advisors
or their affiliates may purchase shares or public warrants&#8217; in privately-negotiated&nbsp;transactions or in the open market,
either prior to or following the completion of our initial business combination. In the event of any such purchases of our shares
prior to the completion of our initial business combination, the number of shares of Class A common stock subject to redemption
will be reduced by the amount of any such purchases, increasing the pro forma net tangible book value per share. See &#8220;Proposed
Business &#8212; Effecting Our Initial Business Combination&#8221; and &#8220;Proposed Business &#8212; Permitted Purchases of
Our Securities.&#8221;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="x_006"></A>CAPITALIZATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following table sets forth our capitalization at July 22,
2020, and as adjusted to give effect to the sale of our units in this offering and the sale of the private placement warrants
and the application of the estimated net proceeds derived from the sale of such securities, assuming no exercise by the underwriters
of its over-allotment&nbsp;option:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">July
    22, 2020</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Actual</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">As
    Adjusted</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 74%; text-align: left">Promissory note &ndash; related party</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">38,878</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Deferred underwriting commissions</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">7,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Class
    A common stock, $0.0001 par value, 100,000,000 shares authorized; -0- and 18,902,412 shares are subject to possible redemption,
    actual and as adjusted, respectively<SUP>(2)(3)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">189,024,120</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.125in; padding-left: 0.125in">Preferred
    stock, $0.0001 par value, 1,000,000 shares authorized; none issued and outstanding, actual and as adjusted</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.125in; padding-left: 0.125in">Class
    A common stock, $0.0001 par value, 100,000,000 shares authorized, -0- and 1,097,588 shares issued and outstanding (excluding-0-
    and 18,902,412 shares subject to redemption), actual and adjusted, respectively</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">110</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Class
    B common stock, $0.0001 par value, 10,000,000 shares authorized, 5,750,000 and 5,000,000 shares issued and outstanding, actual
    and as adjusted, respectively<SUP>(3)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">575</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">500</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Additional paid-in capital</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">24,425</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5,000,270</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Accumulated deficit</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(878</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(878</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Total stockholders&rsquo; equity</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">24,122</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">5,000,002</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Total capitalization</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">63,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">201,024,122</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
sponsor has agreed to loan us up to an aggregate of $300,000 to be used for a portion of the expenses of this offering. The &#8220;as
adjusted&#8221; information gives effect to the repayment of any loans made under this note out of the proceeds from this offering
and the sale of the private placement warrants. As of July 22, 2020, we had borrowed $38,878 under the promissory notes with our
sponsor to be used for a portion of the expenses of this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
the completion of our initial business combination, we will provide our public stockholders with the opportunity to redeem their
public shares for cash equal to their&nbsp;<I>pro&nbsp;rata</I>&nbsp;share of the aggregate amount then on deposit in the trust
account as of two business days prior to the consummation of the initial business combination, including interest earned on the
funds held in the trust account and not previously released to us to pay our taxes, subject to the limitations described herein
whereby our net tangible assets will be maintained at a minimum of $5,000,001 either immediately prior to or upon consummation
of our initial business combination and any limitations (including, but not limited to, cash requirements) created by the terms
of the proposed initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Actual
share amount is prior to any forfeiture of founder shares by our sponsor and as adjusted amount assumes no exercise of the underwriters&#8217;
over-allotment&nbsp;option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="x_007"></A>MANAGEMENT&#8217;S
DISCUSSION AND ANALYSIS OF FINANCIAL<BR>
CONDITION AND RESULTS OF OPERATIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Overview</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are a blank check company whose business purpose is to effect
a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or
more businesses. We have not selected any specific business combination target and we have not, nor has anyone on our behalf,
initiated any substantive discussions, directly or indirectly, with any business combination target with respect to an initial
business combination with us. We intend to effectuate our initial business combination using cash from the proceeds of this offering
and the private placement of the private placement warrants, the proceeds of the sale of our shares in connection with our initial
business combination (pursuant to forward purchase agreements or backstop agreements we may enter into following the consummation
of this offering or otherwise), 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The issuance of additional shares in connection with an initial
business combination to the owners of the target or other investors:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;may
significantly dilute the equity interest of investors in this offering, which dilution would increase if the&nbsp;anti-dilution&nbsp;provisions&nbsp;in
the Class B common stock resulted in the issuance&nbsp;of Class A shares on a greater than one-to-one&nbsp;basis upon&nbsp;conversion
of the Class B common stock;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;may
subordinate the rights of holders of our common stock if preferred stock is issued with rights senior to those afforded our common
stock;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;could
cause a change in control if a substantial number of shares of our common stock is issued, which may affect, among other things,
our ability to use our net operating loss carry forwards, if any, and could result in the resignation or removal of our present
officers and directors;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;may
have the effect of delaying or preventing a change of control of us by diluting the stock ownership or voting rights of a person
seeking to obtain control of us; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;may
adversely affect prevailing market prices for our Class A common stock and/or warrants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Similarly, if we issue debt securities or otherwise incur significant
debt to bank or other lenders or the owners of a target, it could result in:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;default
and foreclosure on our assets if our operating revenues after an initial business combination are insufficient to repay our debt
obligations;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;acceleration
of our obligations to repay the indebtedness even if we make all principal and interest payments when due if we breach certain
covenants that require the maintenance of certain financial ratios or reserves without a waiver or renegotiation of that covenant;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;our
immediate payment of all principal and accrued interest, if any, if the debt is payable on demand;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;our
inability to obtain necessary additional financing if the debt contains covenants restricting our ability to obtain such financing
while the debt is outstanding;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;our
inability to pay dividends on our common stock;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;using
a substantial portion of our cash flow to pay principal and interest on our debt, which will reduce the funds available for dividends
on our common stock if declared, our ability to pay expenses, make capital expenditures and acquisitions, and fund other general
corporate purposes;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;limitations
on our flexibility in planning for and reacting to changes in our business and in the industry in which we operate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;increased
vulnerability to adverse changes in general economic, industry and competitive conditions and adverse changes in government regulation;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;limitations
on our ability to borrow additional amounts for expenses, capital expenditures, acquisitions, debt service requirements, and execution
of our strategy; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;other
purposes and other disadvantages compared to our competitors who have less debt.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As indicated in the accompanying financial statements, at July
22, 2020, we had $25,500 of cash, and will rely on loans from our sponsor for operating costs until the close of this offering.
Further, we expect to incur significant costs in the pursuit of our initial business combination plans. We cannot assure you that
our plans to raise capital or to complete our initial business combination will be successful.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Results of Operations and Known Trends or Future Events</B></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We have neither engaged in any operations nor generated any
revenues to date. Our only activities since inception have been organizational activities and those necessary to prepare for this
offering. Following this offering, we will not generate any operating revenues until after completion of our initial business
combination. We will generate non-operating&nbsp;income in the form of interest income on cash and cash equivalents after this
offering. There has been no significant change in our financial or trading position and no material adverse change has occurred
since the date of our audited financial statements. After this offering, we expect to incur increased expenses as a result of
being a public company (for legal, financial reporting, accounting and auditing compliance), as well as expenses as we conduct
due diligence on prospective business combination candidates. We expect our expenses to increase substantially after the closing
of this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Liquidity and Capital Resources</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our liquidity needs will be satisfied prior to the completion
of this offering through up to an aggregate of $300,000 in loans available from our sponsor under unsecured promissory notes.
As of July 22, 2020, we had borrowed $38,878 under such promissory notes. We estimate that the net proceeds from (i) the sale
of the units in this offering, after deducting offering expenses of approximately $750,000, underwriting commissions of $4,000,000
($4,600,000 if the underwriters&#8217; over-allotment&nbsp;option is exercised in full) (excluding deferred underwriting commissions
of $7,000,000 (or $8,050,000 if the underwriters&#8217; over-allotment&nbsp;option is exercised in full)), and (ii) the sale of
the private placement warrants for a purchase price of $5,750,000 (or $6,350,000 if the over-allotment&nbsp;option is exercised
in full), will be $201,000,000 (or $231,000,000 if the underwriters&#8217; over-allotment&nbsp;option is exercised in full). Of
this amount, $200,000,000 (or $230,000,000 if the underwriters&#8217; over-allotment&nbsp;option is exercised in full) will be
held in the trust account, which includes $7,000,000 (or $8,050,000 if the underwriters&#8217; over-allotment&nbsp;option is exercised
in full) of deferred underwriting commissions. The proceeds held in the trust account will be invested only in U.S. government
treasury obligations with a maturity of 185&nbsp;days or less or in money market funds meeting certain conditions under Rule 2a-7&nbsp;under
the Investment Company Act, which invest only in direct U.S. government treasury obligations. The remaining approximately $1,000,000
will not be held in the trust account. In the event that our offering expenses exceed our estimate of $750,000, we may fund such
excess with funds not to be held in the trust account. In such case, the amount of funds we intend to be held outside the trust
account would decrease by a corresponding amount. Conversely, in the event that the offering expenses are less than our estimate
of $750,000, the amount of funds we intend to be held outside the trust account would increase by a corresponding amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We intend to use substantially all of the funds held in the
trust account, including any amounts representing interest earned on the trust account (less taxes paid and deferred underwriting
commissions) to complete our initial business combination. We may withdraw interest to pay taxes. We estimate our annual franchise
tax obligations, based on the number of shares of our common stock authorized and outstanding after the completion of this offering,
to be $200,000, which is the maximum amount of annual franchise taxes payable by us as a Delaware corporation per annum, which
we may pay from funds from this offering held outside of the trust account or from interest earned on the funds held in our trust
account and released to us for this purpose. Our annual income tax obligations will depend on the amount of interest and other
income earned on the amounts held in the trust account. We expect the interest earned on the amount in the trust account will
be sufficient to pay our income taxes. To the extent that our capital stock or debt is used, in whole or in part, as consideration
to complete our initial business combination, the remaining proceeds held in the trust account will be used as working capital
to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Prior to the completion of our initial business combination,
we will have available to us the approximately $1,000,000 of proceeds held outside the trust account. We will use these funds
to, among other expenditures described herein, identify and evaluate target businesses, perform business due diligence on prospective
target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives
or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete
an initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In order to fund working capital deficiencies or finance transaction
costs in connection with an intended initial business combination, our sponsor or an affiliate of our sponsor or certain of our
officers and directors may, but are not obligated to, loan us funds as may be required. If we complete our initial business combination,
we would repay such loaned amounts. In the event that our initial business combination does not close, we may use a portion of
the working capital held outside the trust account to repay such loaned amounts, but no proceeds from our trust account would
be used for such repayment. Up to $1,500,000 of such loans may be convertible into warrants, at a price of $1.00 per warrant at
the option of the lender. The warrants would be identical to the private placement warrants, including as to exercise price, exercisability
and exercise period. The terms of such loans by our sponsor, officers and directors, if any, have not been determined and no written
agreements exist with respect to such loans. We do not expect to seek loans from parties other than our sponsor or an affiliate
of our sponsor as we do not believe third parties will be willing to loan such funds and provide a waiver against any and all
rights to seek access to funds in our trust account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We expect our primary liquidity requirements during that period
to include approximately $425,000 for legal, accounting, due diligence, travel and other expenses associated with structuring,
negotiating and documenting successful business combinations; $150,000 for legal and accounting fees related to regulatory reporting
requirements; $75,000 for Nasdaq continued listing fees; $240,000 for office space, utilities and secretarial and administrative
support; and approximately $110,000 for working capital that will be used for miscellaneous expenses and reserves.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">These amounts are estimates and may differ materially from
our actual expenses. In addition, we could use a portion of the funds not being placed in trust to pay commitment fees for financing,
fees to consultants to assist us with our search for a target business or as a down payment or to fund a &#8220;no-shop&#8221;
provision (a provision designed to keep target businesses from &#8220;shopping&#8221; around for transactions with other companies
or investors on terms more favorable to such target businesses) with respect to a particular proposed initial business combination,
although we do not have any current intention to do so.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If we entered into an agreement where we paid for the right
to receive exclusivity from a target business, the amount that would be used as a down payment or to fund a &#8220;no-shop&#8221;
provision would be determined based on the terms of the specific business combination and the amount of our available funds at
the time. Our forfeiture of such funds (whether as a result of our breach or otherwise) could result in our not having sufficient
funds to continue searching for, or conducting due diligence with respect to, prospective target businesses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We do not believe we will need to raise additional funds following
this offering in order to meet the expenditures required for operating our business. However, if our estimates of the costs of
identifying a target business, undertaking in-depth&nbsp;due diligence and negotiating an initial business combination are less
than the actual amount necessary to do so, we may have insufficient funds available to operate our business prior to our initial
business combination. Moreover, we may need to obtain additional financing either to complete our initial business combination
or because we become obligated to redeem a significant number of our public shares upon completion of our initial business combination,
in which case we may issue additional securities or incur debt in connection with such business combination. In addition, we intend
to target businesses with enterprise values that are greater than we could acquire with the net proceeds of this offering and
the sale of the private placement warrants, and, as a result, if the cash portion of the purchase price exceeds the amount available
from the trust account, net of amounts needed to satisfy any redemptions by public stockholders, we may be required to seek additional
financing to complete such proposed initial business combination. We may also obtain financing prior to the closing of our initial
business combination to fund our working capital needs and transaction costs in connection with our search for and completion
of our initial business combination. There is no limitation on our ability to raise funds through the issuance of equity or equity-linked&nbsp;securities
or through loans, advances or other indebtedness in connection with our initial business combination, including pursuant to forward
purchase agreements or backstop agreements we may enter into following consummation of this offering. Subject to compliance with
applicable securities laws, we would only complete such financing simultaneously with the completion of our initial business combination.
If we are unable to complete our initial business combination because we do not have sufficient funds available to us, we will
be forced to cease operations and liquidate the trust account. In addition, following our initial business combination, if cash
on hand is insufficient, we may need to obtain additional financing in order to meet our obligations. Our amended and restated
certificate of incorporation will provide that, following this offering and prior to the consummation of our initial business
combination, we will be prohibited from issuing additional securities that would entitle the holders thereof to (i) receive funds
from the trust account or (ii) vote as a class with our public shares (a) on any initial business combination or (b) to approve
an amendment to our amended and restated certificate of incorporation to (x) extend the time we have to consummate a business
combination beyond 24&nbsp;months from the closing of this offering or (y) amend the foregoing provisions, unless (in connection
with any such amendment to our amended and restated certificate of incorporation) we offer our public stockholders the opportunity
to redeem their public shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Controls and Procedures</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are not currently required to maintain an effective system
of internal controls as defined by Section 404 of the Sarbanes-Oxley&nbsp;Act. We will be required to comply with the internal
control requirements of the Sarbanes-Oxley&nbsp;Act for the fiscal year ending December&nbsp;31, 2021. Only in the event that
we are deemed to be a large accelerated filer or an accelerated filer and no longer an emerging growth company would we be required
to comply with the independent registered public accounting firm attestation requirement. Further, for as long as we remain an
emerging growth company as defined in the JOBS Act, we intend to take advantage of certain exemptions from various reporting requirements
that are applicable to other public companies that are not emerging growth companies, including, but not limited to, not being
required to comply with the independent registered public accounting firm attestation requirement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Prior to the closing of this offering, we have not completed
an assessment, nor has our independent registered public accounting firm tested our systems, of internal controls. We expect to
assess the internal controls of our target business or businesses prior to the completion of our initial business combination
and, if necessary, to implement and test additional controls as we may determine are necessary in order to state that we maintain
an effective system of internal controls. A target business may not be in compliance with the provisions of the Sarbanes-Oxley&nbsp;Act
regarding the adequacy of internal controls. Many small and mid-sized&nbsp;target businesses we may consider for our initial business
combination may have internal controls that need improvement in areas such as:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;staffing
for financial, accounting and external reporting areas, including segregation of duties;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;reconciliation
of accounts;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;proper
recording of expenses and liabilities in the period to which they relate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;evidence
of internal review and approval of accounting transactions;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;documentation
of processes, assumptions and conclusions underlying significant estimates; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;documentation
of accounting policies and procedures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Because it will take time, management involvement and perhaps
outside resources to determine what internal control improvements are necessary for us to meet regulatory requirements and market
expectations for our operation of a target business, we may incur significant expense in meeting our public reporting responsibilities,
particularly in the areas of designing, enhancing, or remediating internal and disclosure controls. Doing so effectively may also
take longer than we expect, thus increasing our exposure to financial fraud or erroneous financing reporting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Once our management&#8217;s report on internal controls is
complete, we will retain our independent registered public accounting firm to audit and render an opinion on such report when
required by Section 404 of the Sarbanes-Oxley&nbsp;Act. The independent registered public accounting firm may identify additional
issues concerning a target business&#8217;s internal controls while performing their audit of internal control over financial
reporting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Quantitative and Qualitative Disclosures about Market Risk</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The net proceeds of this offering and the sale of the private
placement warrants held in the trust account will be invested in U.S. government treasury bills with a maturity of 185 days or
less or in money market funds meeting certain conditions under Rule 2a-7&nbsp;under the Investment Company Act which invest only
in direct U.S. government treasury obligations. Due to the short-term&nbsp;nature of these investments, we believe there will
be no associated material exposure to interest rate risk.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Related Party Transactions</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In July 2020, our sponsor purchased 5,750,000 founder shares
(up to an aggregate of 750,000&nbsp;shares of which are subject to forfeiture depending on the extent to which the underwriters&#8217;
over-allotment&nbsp;option is exercised. The number of founder shares issued was determined based on the expectation that such
founder shares would represent 20% of the outstanding shares upon completion of this offering. The per share purchase price of
the founder shares was determined by dividing the amount of cash contributed to the Company by the aggregate number of founder
shares issued. If we increase or decrease the size of the offering, we will effect a stock dividend or a share contribution back
to capital or other appropriate mechanism, as applicable, with respect to our Class B common stock immediately prior to the consummation
of the offering in such amount as to maintain the ownership of our initial stockholders at 20% of the issued and outstanding shares
of our common stock upon the consummation of this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our sponsor, officers and directors, or any of their respective
affiliates, will be reimbursed for any out-of-pocket&nbsp;expenses incurred in connection with activities on our behalf such as
identifying potential target businesses and performing due diligence on suitable business combinations. Our audit committee will
review on a quarterly basis all payments that were made to our sponsor, officers, directors or our or their affiliates and will
determine which expenses and the amount of expenses that will be reimbursed. There is no cap or ceiling on the reimbursement of
out-of-pocket&nbsp;expenses incurred by such persons in connection with activities on our behalf.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Commencing on the date of this prospectus, we have agreed to
pay our sponsor a total of $10,000 per month for office space, utilities and secretarial and administrative support.
Upon completion of our initial business combination or our liquidation, we will cease paying these monthly fees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Prior to the consummation of this offering, our sponsor has
agreed to loan us up to an aggregate of $300,000 to be used for a portion of the expenses of this offering. As of July 22, 2020,
we had borrowed $38,878 under the promissory notes with our sponsor to be used for a portion of the expenses of this offering.
These loans are non-interest&nbsp;bearing, unsecured and are due at the earlier of December 31, 2020 or the closing of this offering.
The loans will be repaid upon the closing of this offering out of the $750,000 offering proceeds that has been allocated to the
payment of offering expenses (other than underwriting commissions) not held in trust.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In addition, in order to finance transaction costs in connection
with an intended initial business combination, our sponsor or an affiliate of our sponsor or certain of our officers and directors
may, but are not obligated to, loan us funds as may be required. If we complete our initial business combination, we would repay
such loaned amounts. In the event that our initial business combination does not close, we may use a portion of the working capital
held outside the trust account to repay such loaned amounts but no proceeds from our trust account would be used for such repayment.
Up to $1,500,000 of such loans may be convertible into warrants, at a price of $1.00 per warrant at the option of the lender.
Such warrants would be identical to the private placement warrants, including as to exercise price, exercisability and exercise
period. The terms of such loans by our officers and directors, if any, have not been determined and no written agreements exist
with respect to such loans. We do not expect to seek loans from parties other than our sponsor or an affiliate of our sponsor
as we do not believe third parties will be willing to loan such funds and provide a waiver against any and all rights to seek
access to funds in our trust account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our sponsor has committed to purchase an aggregate of 5,750,000
private placement warrants (or 6,350,000 if the underwriters&#8217; over-allotment&nbsp;option is exercised in full) at a price
of $1.00 per warrant ($5,750,000 in the aggregate or $6,350,000 if the underwriters&#8217; over-allotment&nbsp;option is exercised
in full) in a private placement that will occur simultaneously with the closing of this offering. Each private placement warrant
entitles the holder thereof to purchase one share of our Class A common stock at a price of $11.50 per share. Our sponsor will
be permitted to transfer the private placement warrants held by them to certain permitted transferees, including our officers
and directors and other persons or entities affiliated with or related to them, but the transferees receiving such securities
will be subject to the same agreements with respect to such securities as our sponsor. Otherwise, these warrants will not, subject
to certain limited exceptions, be transferable or salable until 30 days after the completion of our initial business combination.
The private placement warrants will be non-redeemable&nbsp;so long as they are held by our sponsor or its permitted transferees.
The private placement warrants may also be exercised by our sponsor and its permitted transferees for cash or on a cashless basis.
Otherwise, the private placement warrants have terms and provisions that are identical to those of the warrants being sold as
part of the units in this offering, including as to exercise price, exercisability and exercise period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to a registration rights agreement we will enter into
with our initial stockholders on or prior to the closing of this offering, we may be required to register certain securities for
sale under the Securities Act. These holders, and holders of warrants issued upon conversion of working capital loans, if any,
are entitled under the registration rights agreement to make up to three demands that we register certain of our securities held
by them for sale under the Securities Act and to have the securities covered thereby registered for resale pursuant to Rule 415
under the Securities Act. In addition, these holders have the right to include their securities in other registration statements
filed by us. We will bear the costs and expenses of filing any such registration statements. See the section of this prospectus
entitled &#8220;Certain Relationships and Related Party Transactions.&#8221;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Off-Balance Sheet Arrangements; Commitments and Contractual
Obligations</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As of July 22, 2020, we did not have any off-balance&nbsp;sheet
arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K&nbsp;and did not have any commitments or contractual obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>JOBS Act</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On April&nbsp;5, 2012, the JOBS Act was signed into law. The
JOBS Act contains provisions that, among other things, relax certain reporting requirements for qualifying public companies. We
will qualify as an &#8220;emerging growth company&#8221; and under the JOBS Act will be allowed to comply with new or revised
accounting pronouncements based on the effective date for private (not publicly-traded) companies. We are electing to delay the
adoption of new or revised accounting standards, and as a result, we may not comply with new or revised accounting standards on
the relevant dates on which adoption of such standards is required for non-emerging growth companies. As a result, our financial
statements may not be comparable to companies that comply with new or revised accounting pronouncements as of public company effective
dates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Additionally, we are in the process of evaluating the benefits
of relying on the other reduced reporting requirements provided by the JOBS Act. Subject to certain conditions set forth in the
JOBS Act, if, as an &#8220;emerging growth company,&#8221; we choose to rely on such exemptions we may not be required to, among
other things, (i) provide an independent registered public accounting firm&#8217;s attestation report on our system of internal
controls over financial reporting pursuant to Section 404 of the Sarbanes Oxley Act, (ii) provide all of the compensation disclosure
that may be required of non-emerging&nbsp;growth public companies under the Dodd-Frank&nbsp;Wall Street Reform and Consumer Protection
Act, (iii) comply with any requirement that may be adopted by the PCAOB regarding mandatory audit firm rotation or a supplement
to the report of independent registered public accounting firm providing additional information about the audit and the financial
statements (auditor discussion and analysis) and (iv) disclose certain executive compensation related items such as the correlation
between executive compensation and performance and comparisons of the CEO&#8217;s compensation to median employee compensation.
These exemptions will apply for a period of five years following the completion of this offering or until we are no longer an
emerging growth company, whichever is earlier.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Additionally, we are a &#8220;smaller reporting company&#8221;
as defined in Rule 10(f)(1) of Regulation S-K. Smaller reporting companies may take advantage of certain reduced disclosure obligations,
including, among other things, providing only two years of audited financial statements. We will remain a smaller reporting company
until the last day of the fiscal year in which (1) the market value of our common stock held by non-affiliates exceeds $250 million
as of the prior June 30th, or (2) our annual revenues exceed $100 million during such completed fiscal year and the market value
of our common stock held by non-affiliates exceeds $700 million as of the prior June 30.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="x_008"></A>PROPOSED BUSINESS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Overview</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are a blank check company whose business purpose is to effect
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 prospectus 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will seek to capitalize on the decades of experience and
relationships of our management team, including Anthony Kenney, our Chief Executive Officer and director nominee. Mr. Kenney previously
worked for MPC for the past 43 years and recently retired as President of its Speedway division, which he led since 2005. Under
his leadership, Speedway became the second largest company-owned and operated convenience and fuel store chain in the United States
with over $20 billion in revenue and 35,000 employees. Mr. Kenney led a significant increase in the scale and scope of the business
through acquisitions, and ultimately increased store count from approximately 1,600 in 2005 to 3,923 locations nationwide in 2019.
Moreover, he is recognized as having been instrumental in developing Speedway&rsquo;s Loyalty Program.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We also seek to capitalize on the experience of Michael Gearhardt,
our Chief Financial Officer, who has significant public company management experience having served as Executive Vice President,
Chief Financial Officer of MTCT, Inc. During his time with MTCT, he oversaw the completion of acquisitions and capital markets
transactions and ultimately led the $450 million sale of the company to BAE Systems. Prior to MTCT, Mr. Gearhardt worked for two
decades in management and finance capacities with Mark IV Industries/Dayco Products (NYSE: IV); during which time he was appointed
to Executive Vice President, Industrial Operations and participated in a number of acquisitions and dispositions including the
$2.0 billion sale of the company. Mr. Gearhardt also has invested in and sold several manufacturing businesses and is a Certified
Public Accountant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Management also expects to greatly benefit from the depth of
experience and relationships of our Board Members:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Rajesh Soin, our Chairman, previously founded MTCT and served
as Chairman and Chief Executive Officer for approximately 18 years until its initial public offering in 2002, when he became Chairman.
MTCT was sold to BAE Systems Inc. in 2008 for approximately $450 million. Mr. Soin is an entrepreneur with significant public
company management experience and broad relationships. He presently invests through the Soin Family office and serves on the board
of Kayne Anderson Real Estate Partners as well as Transtar Industries, which manufactures and distributes automotive original
equipment and aftermarket products. Mr. Soin previously served on the board of Diebold Nixdorf, Incorporated (NYSE: DBD) where
he was on the Governance and Compensation committees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mitchell Steenrod, our director nominee, is the retired Senior
Vice President and Chief Financial Officer of Pilot Travel Centers LLC (doing business as &ldquo;Pilot Flying J&rdquo;), the nation&rsquo;s
largest operator of travel centers. Mr. Steenrod joined the board of CarMax, Inc. (NYSE: KMX) in 2011 and currently serves as
the Lead Independent Director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Donald Graber, our director nominee, previously served on the
board of PCC starting in 1995 and was lead director for three years, chaired the Nominating &amp; Governance Committee and was
on the Compensation Committee. PCC was ultimately sold to Berkshire Hathaway for approximately $37 billion. Mr. Graber also previously
served on the board of MTCT alongside Mr. Soin and was on the boards of Amcast Industrial Corporation and Huffy Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">John Bachman, our director nominee, previously had a long-standing
career at PwC and was named U.S. Strategy Leader in 2004, when he created the first strategic planning process using a multi-faceted
approach across the matrix organization focusing on business units, geographies, and industries. In 2007, he was elevated to Chief
Operating Officer of the assurance practice in the United States, which represented over 50% of PwC&rsquo;s revenue. Mr. Bachman
serves on the board of The Children&rsquo;s Place, Inc. (NASDAQ: PLCE), WEX Inc. (NYSE: WEX) and Grocery Outlet Holding Corp.
(NASDAQ: GO), each of which is a public company. He chairs the Audit Committee of both The Children's Place and Grocery Outlet
Holding Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The past performance of our management team, or their respective
affiliates, is not a guarantee either (i) of success with respect to any business combination we may consummate or (ii) that we
will be able to identify a suitable candidate for our initial business combination. No member of our management team has been
an officer or director of a special purpose acquisition corporation in the past. You should not rely on the historical record
of our management team&#8217;s or their respective affiliates&#8217; performance as indicative of our future performance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our officers and directors may become an officer or director
of any another special purpose acquisition company with a class of securities intended to be registered under the Exchange Act,
prior to the completion of our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Business Strategy</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our business strategy is to identify and
complete our initial business combination with a company that complements the experience of our management team and can benefit
from their operational, marketing and finance expertise. Our selection process will leverage Mr. Kenney&#8217;s broad and deep
relationship network, unique industry experience and deal sourcing capabilities to access a wide spectrum of opportunities. This
network has been developed over the past 20 years in executive positions at MPC and while managing Speedway to industry leading
success. We believe that our management team will identify a business combination that will benefit from their experience, including
their:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Long
                                         history of sourcing, structuring, acquiring, operating, developing, growing and financing
                                         businesses;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Significant
                                         integration experience implementing new technologies and systems to drive value and standardization;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Strong
                                         marketing and capital allocation decision-making to establish and maintain premium brand;
                                         and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Sound
                                         understanding of public company performance requirements and ability to guide private-to-public
                                         process.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Upon completion of this offering, our
management team will access their network of relationships to articulate the parameters for our search for a target company and
begin the process of reviewing and pursuing potential business combinations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Acquisition Criteria</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our acquisition strategy will leverage
Mr.&nbsp;Kenney&#8217;s network of long-standing relationships and industry contacts as well as inbound opportunities to source
a business combination. Consistent with our business strategy, we have identified the following general criteria and guidelines
that we believe are important in evaluating prospective target businesses. We will use these criteria and guidelines in evaluating
acquisition opportunities, but we may decide to enter into our initial business combination with a target business that does not
meet these criteria and guidelines. We intend to identify and acquire one or more businesses that we believe exhibit a number
of the following attributes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Well
                                         established market presence with recognizable brand and reputation for quality service;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Platform
                                         with sufficient scale and geographic concentration from which to expand through acquisitions;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Generates
                                         stable free cash flow or has the potential to do so near term;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Generates
                                         returns well in excess of the cost of capital;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Easily
                                         identified cost savings that can be realized near term;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Modest
                                         capital requirements to refurbish locations to quality standards;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Can
                                         benefit from new technologies and systems to meaningfully enhance financial performance;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Quality
                                         management and personnel with ability to contribute to growth strategy; and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Would
                                         benefit from being publicly traded and having access to incremental growth capital.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If the business we seek to acquire is
directly in the retail convenience store channel, we will seek the following attributes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Possesses
                                         a preponderance of convenience and fuel store locations that are well situated and in
                                         good condition; and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Portfolio
                                         of stores with sufficient scale to expand product offerings and maximize gross profit.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">These criteria and guidelines are not
intended to be exhaustive. Any evaluation relating to the merits of a particular initial business combination may be based, to
the extent relevant, on these general criteria and guidelines as well as other considerations, factors, criteria and guidelines
that our management may deem relevant. In addition to any potential business candidates we may identify on our own, we anticipate
that other target business candidates will be brought to our attention from various unaffiliated sources, including investment
market participants, private equity funds and large business enterprises seeking to divest non - core assets or divisions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Acquisition Process</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In evaluating a prospective target business,
we expect to conduct an extensive due diligence review which may encompass, as applicable and among other things, meetings with
incumbent management and employees, document reviews, interviews of customers and suppliers, inspection of facilities and a review
of financial and other information about the target and its industry. We will also utilize our management team&#8217;s operational
and capital planning experience.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Each of our directors and officers will,
directly or indirectly, own founder shares and/or private placement warrants following this offering and, accordingly, may have
a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate
our initial business combination. Further, such officers and directors may have a conflict of interest with respect to evaluating
a particular business combination if the retention or resignation of any such officers and directors was included by a target
business as a condition to any agreement with respect to our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Certain of our directors and officers currently have, and any
of them in the future may have additional, fiduciary or contractual obligations to another entity pursuant to which such officer
or director is or will be required to present a business combination opportunity to such entity subject to his or her fiduciary
duties. If any of our directors or officers becomes aware of a business combination opportunity that falls within the line of
business of any entity to which he or she has then-existing&nbsp;fiduciary or contractual obligations, he or she may be required
to present such business combination opportunity to such entity prior to presenting such business combination opportunity to us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">No members of our management team have any obligation to present
us with any opportunity for a potential business combination of which they become aware, unless presented to such member specifically
in his or her capacity as an officer or a director of the company. Members of our management team may be required to present potential
business combinations to other entities to whom they have fiduciary duties before they present such opportunities to us. Any knowledge
or presentation of such opportunities may therefore present conflicts of interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Initial Business Combination</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In accordance with the rules of Nasdaq, our initial business
combination must occur with one or more target businesses that together have an aggregate fair market value of at least 80% of
the value of the assets held in the trust account (net of amounts disbursed to management for working capital purposes, if any,
and excluding the amount of deferred underwriting discounts held in trust and taxes payable on the income earned on the trust
account) at the time of our signing a definitive agreement in connection with our initial business combination. If our board of
directors is not able to independently determine the fair market value of our initial business combination, we will obtain an
opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions with
respect to the satisfaction of such criteria. While we consider it unlikely that our board of directors will not be able to make
an independent determination of the fair market value of our initial business combination, it may be unable to do so if it is
less familiar or experienced with the business of a particular target or if there is a significant amount of uncertainty as to
the value of a target&#8217;s assets or prospects. Additionally, pursuant to Nasdaq rules, any initial business combination must
be approved by a majority of our independent directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We anticipate structuring our initial business combination
so that the post-transaction&nbsp;company in which our public stockholders own shares will own or acquire 100% of the equity interests
or assets of the target business or businesses. We may however, structure our initial business combination in such a way so that
the post-transaction&nbsp;company owns or acquires less than 100% of such interests or assets of the target business in order
to meet certain objectives of the target management team or stockholders, or for other reasons. However, we will only complete
an initial business combination if the post-transaction&nbsp;company owns or acquires 50% or more of the outstanding voting securities
of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an
investment company under the Investment Company Act. Even if the post-transaction&nbsp;company owns or acquires 50% or more of
the voting securities of the target, our stockholders prior to the initial business combination may collectively own a minority
interest in the post-transaction&nbsp;company, depending on valuations ascribed to the target and us in the initial business combination.
For example, we could pursue a transaction in which we issue a substantial number of new shares in exchange for all of the outstanding
capital stock of a target. In this case, we would acquire a 100% controlling interest in the target. However, as a result of the
issuance of a substantial number of new shares, our stockholders immediately prior to our initial business combination could own
less than a majority of our outstanding shares subsequent to our initial business combination. If less than 100% of the equity
interests or assets of a target business or businesses are owned or acquired by the post-transaction&nbsp;company, the portion
of such business or businesses that is owned or acquired is what will be taken into account for purposes of Nasdaq&#8217;s 80%
of fair market value test. If the initial business combination involves more than one target business, the 80% of fair market
value test will be based on the aggregate value of all of the transactions and we will treat the target businesses together as
our initial business combination for purposes of seeking stockholder approval or conducting a tender offer, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The net proceeds of this offering and the sale of the private
placement warrants released to us from the trust account upon the closing of our initial business combination may be used as consideration
to pay the sellers of a target business with which we complete our initial business combination. If our initial business combination
is paid for using equity or debt securities, or not all of the funds released from the trust account are used for payment of the
consideration in connection with our initial business combination or used for redemption of our public shares, we may use the
balance of the cash released to us from the trust account following the closing for general corporate purposes, including for
maintenance or expansion of operations of the post-transaction&nbsp;businesses, the payment of principal or interest due on indebtedness
incurred in completing our initial business combination, to fund the purchase of other companies or for working capital. In addition,
we may be required to obtain additional financing in connection with the closing of our initial business combination to be used
following the closing for general corporate purposes as described above. There is no limitation on our ability to raise funds
through the issuance of equity or equity-linked&nbsp;securities or through loans, advances or other indebtedness in connection
with our initial business combination, including pursuant to forward purchase agreements or backstop agreements we may enter into
following consummation of this offering. Subject to compliance with applicable securities laws, we would only complete such financing
simultaneously with the completion of our initial business combination. At this time, we are not a party to any arrangement or
understanding with any third party with respect to raising any additional funds through the sale of securities or otherwise. None
of our sponsor, officers, directors or stockholders is required to provide any financing to us in connection with or after our
initial business combination. We may also obtain financing prior to the closing of our initial business combination to fund our
working capital needs and transaction costs in connection with our search for and completion of our initial business combination.
Our amended and restated certificate of incorporation will provide that, following this offering and prior to the consummation
of our initial business combination, we will be prohibited from issuing additional securities that would entitle the holders thereof
to (i) receive funds from the trust account or (ii) vote as a class with our public shares (a) on any initial business combination
or (b) to approve an amendment to our amended and restated certificate of incorporation to (x) extend the time we have to consummate
a business combination beyond 24&nbsp;months from the closing of this offering or (y) amend the foregoing provisions, unless (in
connection with any such amendment to our amended and restated certificate of incorporation) we offer our public stockholders
the opportunity to redeem their public shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Our Business Combination Process</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In evaluating prospective business combinations, we expect
to conduct a due diligence review process that will encompass, among other things, a review of historical and projected financial
and operating data, meetings with management and their advisors and, as applicable, on-site&nbsp;inspection of facilities and
assets, discussion with customers and suppliers, legal reviews and other reviews as we deem appropriate. We will also utilize
the expertise of our management team and board of directors in analyzing companies and evaluating operating projections, financial
projections and determining the appropriate return expectations given the risk profile of the target business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Members of our management team may directly or indirectly own
our common stock and warrants following this offering, and, accordingly, may have a conflict of interest in determining whether
a particular target business is an appropriate business with which to effectuate our initial business combination. Further, each
of our officers and directors may have a conflict of interest with respect to evaluating a particular business combination if
the retention or resignation of any such officers and directors was included by a target business as a condition to any agreement
with respect to our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our sponsor and members of our management team are, in the
ordinary course of business, continuously made aware of potential acquisition or investment opportunities, one or more of which
we may desire to pursue for an initial business combination. We have not, however, selected any specific business combination
target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any
business combination target with respect to an initial business combination with us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Each of our officers and directors presently has, and any of
them in the future may have additional, fiduciary or contractual obligations to other entities pursuant to which such officer
or director is or will be required to present a business combination opportunity. Accordingly, if any of our officers or directors
become aware of a business combination opportunity that is suitable for an entity to which he or she has then-current&nbsp;fiduciary
or contractual obligations to present the opportunity to such entity, he or she will honor his or her fiduciary or contractual
obligations to present such opportunity to such entity. We believe, however, that the fiduciary duties or contractual obligations
of our officers or directors will not materially affect our ability to complete our initial business combination, as we believe
any such opportunities presented would be smaller than what we are interested in, in different fields than what we would be interested
in, or that such fiduciary duties or contractual obligations are to entities that are not themselves in the business of engaging
in business combinations. Our amended and restated certificate of incorporation will provide that we renounce our interest in
any corporate opportunity offered to any director or officer unless such opportunity is expressly offered to such person solely
in his or her capacity as a director or officer of our company and such opportunity is one we are legally and contractually permitted
to undertake and would otherwise be reasonable for us to pursue, and to the extent the director or officer is permitted to refer
that opportunity to us without violating another legal obligation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Our Management Team</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Members of our management team are not obligated to devote
any specific number of hours to our matters but they intend to devote as much of their time as they deem necessary to our affairs
until we have completed our initial business combination. The amount of time that any member of our management team will devote
in any time period will vary based on whether a target business has been selected for our initial business combination and the
current stage of the initial business combination process.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We believe our management team&#8217;s operating and transaction
experience and relationships with companies will provide us with a substantial number of potential business combination targets.
Over the course of their careers, the members of our management team have developed a broad network of contacts and corporate
relationships. This network has grown through the activities of our management team sourcing, acquiring and financing businesses,
our management team&#8217;s relationships with sellers, financing sources and target management teams and the experience of our
management team in executing transactions under varying economic and financial market conditions. See the section of this prospectus
entitled &#8220;Management&#8221; for a more complete description of our management team&#8217;s experience.</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Status as a Public Company</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We believe our structure will make us an attractive business
combination partner to target businesses. As a public company, we offer a target business an alternative to the traditional initial
public offering through a merger or other business combination with us. Following an initial business combination, we believe
the target business would have greater access to capital and additional means of creating management incentives that are better
aligned with stockholders&#8217; interests than it would as a private company. A target business can further benefit by augmenting
its profile among potential new customers and vendors and aid in attracting talented employees. In a business combination transaction
with us, the owners of the target business may, for example, exchange their shares of stock in the target business for our shares
of Class A common stock (or shares of a new holding company) or for a combination of our shares of Class A common stock and cash,
allowing us to tailor the consideration to the specific needs of the sellers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Although there are various costs and obligations associated
with being a public company, we believe target businesses will find this method a more expeditious and cost-effective&nbsp;method
to becoming a public company than the typical initial public offering. The typical initial public offering process takes a significantly
longer period of time than the typical business combination transaction process, and there are significant expenses and market
and other uncertainties in the initial public offering process, including underwriting discounts and commissions, marketing and
road show efforts that may not be present to the same extent in connection with an initial business combination with us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Furthermore, once a proposed initial business combination is
completed, the target business will have effectively become public, whereas an initial public offering is always subject to the
underwriters&#8217; ability to complete the offering, as well as general market conditions, which could delay or prevent the offering
from occurring or could have negative valuation consequences. Following an initial business combination, we believe the target
business would then have greater access to capital and an additional means of providing management incentives consistent with
stockholders&#8217; interests and the ability to use its shares as currency for acquisitions. Being a public company can offer
further benefits by augmenting a company&#8217;s profile among potential new customers and vendors and aid in attracting talented
employees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">While we believe that our structure and our management team&#8217;s
backgrounds will make us an attractive business partner, some potential target businesses may view our status as a blank check
company, such as our lack of an operating history and our ability to seek stockholder approval of any proposed initial business
combination, negatively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are an &#8220;emerging growth company,&#8221; as defined
in Section 2(a) of the Securities Act, as modified by the JOBS Act. As such, we are eligible to take advantage of certain exemptions
from various reporting requirements that are applicable to other public companies that are not emerging growth companies, including,
but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements
of Section 404 of the Sarbanes-Oxley&nbsp;Act, reduced disclosure obligations regarding executive compensation in our periodic
reports and proxy statements and exemptions from the requirements of holding a non-binding&nbsp;advisory vote on executive compensation
and stockholder approval of any golden parachute payments not previously approved. If some investors find our securities less
attractive as a result, there may be a less active trading market for our securities and the prices of our securities may be more
volatile.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In addition, Section 107 of the JOBS Act also provides that
an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities
Act for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption
of certain accounting standards until those standards would otherwise apply to private companies. We intend to take advantage
of the benefits of this extended transition period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will remain an emerging growth company until the earlier
of (1) the last day of the fiscal year (a) following the fifth anniversary of the completion of this offering, (b) in which we
have total annual gross revenue of at least $1.07&nbsp;billion or (c) in which we are deemed to be a large accelerated filer,
which means the market value of our Class A common stock that is held by non-affiliates&nbsp;exceeds $700&nbsp;million as of the
prior June 30<SUP>th</SUP>&nbsp;and (2) the date on which we have issued more than $1.0&nbsp;billion in non-convertible&nbsp;debt
securities during the prior three-year&nbsp;period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Financial Position</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">With funds available for an initial business combination initially
in the amount of $193,000,000, after payment of $7,000,000 of deferred underwriting fees (or $221,950,000 after payment of up
to $8,050,000 of deferred underwriting fees if the underwriters&#8217; over-allotment&nbsp;option is exercised in full), in each
case before fees and expenses associated with our initial business combination, we offer a target business a variety of options
such as creating a liquidity event for its owners, providing capital for the potential growth and expansion of its operations
or strengthening its balance sheet by reducing its debt or leverage ratio. Because we are able to complete our initial business
combination using our cash, debt or equity securities, or a combination of the foregoing, we have the flexibility to use the most
efficient combination that will allow us to tailor the consideration to be paid to the target business to fit its needs and desires.
However, we have not taken any steps to secure third-party&nbsp;financing and there can be no assurance it will be available to
us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Effecting Our Initial Business Combination</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are not presently engaged in, and we will not engage in,
any operations for an indefinite period of time following this offering. We intend to effectuate our initial business combination
using cash from the proceeds of this offering and the private placement of the private placement warrants, the proceeds of the
sale of our shares in connection with our initial business combination (pursuant to forward purchase agreements or backstop agreements
we may enter into following the consummation of this offering or otherwise), 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. We may seek to complete our initial business
combination with a company or business that may be financially unstable or in its early stages of development or growth, which
would subject us to the numerous risks inherent in such companies and businesses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If our initial business combination is paid for using equity
or debt securities, or not all of the funds released from the trust account are used for payment of the consideration in connection
with our initial business combination or used for redemption of our public shares, we may use the balance of the cash released
to us from the trust account following the closing for general corporate purposes, including for maintenance or expansion of operations
of the post-transaction&nbsp;company, the payment of principal or interest due on indebtedness incurred in completing our initial
business combination, to fund the purchase of other companies or for working capital.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We may seek to raise additional funds through a private offering
of debt or equity securities in connection with the completion of our initial business combination, and we may effectuate our
initial business combination using the proceeds of such offering rather than using the amounts held in the trust account. In addition,
we intend to target businesses with enterprise values that are greater than we could acquire with the net proceeds of this offering
and the sale of the private placement warrants, and, as a result, if the cash portion of the purchase price exceeds the amount
available from the trust account, net of amounts needed to satisfy any redemptions by public stockholders, we may be required
to seek additional financing to complete such proposed initial business combination. Subject to compliance with applicable securities
laws, we would expect to complete such financing only simultaneously with the completion of our initial business combination.
In the case of an initial business combination funded with assets other than the trust account assets, our proxy materials or
tender offer documents disclosing the initial business combination would disclose the terms of the financing and, only if required
by law, we would seek stockholder approval of such financing. There is no limitation on our ability to raise funds through the
issuance of equity or equity-linked&nbsp;securities or through loans, advances or other indebtedness in connection with our initial
business combination, including pursuant to forward purchase agreements or backstop agreements we may enter into following consummation
of this offering. At this time, we are not a party to any arrangement or understanding with any third party with respect to raising
any additional funds through the sale of securities or otherwise. None of our sponsor, officers, directors or stockholders is
required to provide any financing to us in connection with or after our initial business combination. Our amended and restated
certificate of incorporation will provide that, following this offering and prior to the consummation of our initial business
combination, we will be prohibited from issuing additional securities that would entitle the holders thereof to (i) receive funds
from the trust account or (ii) vote as a class with our public shares (a) on any initial business combination or (b) to approve
an amendment to our amended and restated certificate of incorporation to (x) extend the time we have to consummate a business
combination beyond 24&nbsp;months from the closing of this offering or (y) amend the foregoing provisions, unless (in connection
with any such amendment to our amended and restated certificate of incorporation) we offer our public stockholders the opportunity
to redeem their public shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Sources of Target Businesses</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We anticipate that target business candidates will be brought
to our attention from various unaffiliated sources, including investment bankers and investment professionals. Target businesses
may be brought to our attention by such unaffiliated sources as a result of being solicited by us by calls or mailings. These
sources may also introduce us to target businesses in which they think we may be interested on an unsolicited basis, since many
of these sources will have read this prospectus and know what types of businesses we are targeting. Our officers and directors,
as well as our sponsor and its affiliates, may also bring to our attention target business candidates that they become aware of
through their business contacts as a result of formal or informal inquiries or discussions they may have, as well as attending
trade shows, conferences or conventions. In addition, we expect to receive a number of proprietary deal flow opportunities that
would not otherwise necessarily be available to us as a result of the business relationships of our officers and directors and
our sponsor and their respective industry and business contacts as well as their affiliates. While we do not presently anticipate
engaging the services of professional firms or other individuals that specialize in business acquisitions on any formal basis,
we may engage these firms or other individuals in the future, in which event we may pay a finder&#8217;s fee, consulting fee,
advisory fee or other compensation to be determined in an arm&#8217;s length negotiation based on the terms of the transaction.
We will engage a finder only to the extent our management determines that the use of a finder may bring opportunities to us that
may not otherwise be available to us or if finders approach us on an unsolicited basis with a potential transaction that our management
determines is in our best interest to pursue. Payment of finder&#8217;s fees is customarily tied to completion of a transaction,
in which case any such fee will be paid out of the funds held in the trust account. In no event, however, will our sponsor or
any of our existing officers or directors, or any entity with which our sponsor or officers are affiliated, be paid any finder&#8217;s
fee, reimbursement, consulting fee, monies in respect of any payment of a loan or other compensation by the Company prior to,
or in connection with any services rendered for any services they render in order to effectuate, the completion of our initial
business combination (regardless of the type of transaction that it is). Although none of our sponsor, executive officers or directors,
or any of their respective affiliates, will be allowed to receive any compensation, finder&#8217;s fees or consulting fees from
a prospective business combination target in connection with a contemplated initial business combination, we do not have a policy
that prohibits our sponsor, executive officers or directors, or any of their respective affiliates, from negotiating for the reimbursement
of out-of-pocket&nbsp;expenses by a target business. Commencing on the date of this prospectus, we have agreed to pay our sponsor a total of $10,000 per month for office space, utilities and secretarial and administrative support. Upon completion
of our initial business combination or our liquidation, we will cease paying these monthly fees. Some of our officers and directors
may enter into employment or consulting agreements with the post-transaction&nbsp;company following our initial business combination.
The presence or absence of any such fees or arrangements will not be used as a criterion in our selection process of an initial
business combination candidate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are not prohibited from pursuing an initial business combination
with an initial business combination target that is affiliated with our sponsor, officers or directors or making the initial business
combination through a joint venture or other form of shared ownership with our sponsor, officers or directors. In the event we
seek to complete our initial business combination with an initial business combination target that is affiliated with our sponsor,
officers or directors, we, or a committee of independent directors, would obtain an opinion from an independent investment banking
firm or another independent entity that commonly renders valuation opinions that such an initial business combination is fair
to our company from a financial point of view.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As more fully discussed in the section of this prospectus entitled
 &#8220;Management &#8212; Conflicts of Interest,&#8221; if any of our officers or directors becomes aware of an initial business
combination opportunity that falls within the line of business of any entity to which he or she has then-existing&nbsp;fiduciary
or contractual obligations, he or she may be required to present such business combination opportunity to such entity prior to
presenting such business combination opportunity to us. Our officers and directors currently have certain relevant fiduciary duties
or contractual obligations that may take priority over their duties to us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Selection of a Target Business and Structuring of our Initial
Business Combination</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In accordance with the rules of Nasdaq, our initial business
combination must occur with one or more target businesses that together have an aggregate fair market value of at least 80% of
the value of the assets held in the trust account (net of amounts disbursed to management for working capital purposes, if any,
and excluding the amount of deferred underwriting discounts held in trust and taxes payable on the income earned on the trust
account) at the time of our signing a definitive agreement in connection with our initial business combination. The fair market
value of our initial business combination will be determined by our board of directors based upon one or more standards generally
accepted by the financial community, such as discounted cash flow valuation, a valuation based on trading multiples of comparable
public businesses or a valuation based on the financial metrics of M&amp;A transactions of comparable businesses. If our board
of directors is not able to independently determine the fair market value of our initial business combination (including with
the assistance of financial advisors), we will obtain an opinion from an independent investment banking firm or another independent
entity that commonly renders valuation opinions with respect to the satisfaction of such criteria. While we consider it unlikely
that our board of directors will not be able to make an independent determination of the fair market value of our initial business
combination, it may be unable to do so if it is less familiar or experienced with the business of a particular target or if there
is a significant amount of uncertainty as to the value of a target&#8217;s assets or prospects. We do not intend to purchase multiple
businesses in unrelated industries in conjunction with our initial business combination. Subject to this requirement, our management
will have virtually unrestricted flexibility in identifying and selecting one or more prospective target businesses, although
we will not be permitted to effectuate our initial business combination with another blank check company or a similar company
with nominal operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In any case, we will only complete an initial business combination
in which we own or acquire 50% or more of the outstanding voting securities of the target or otherwise acquire a controlling interest
in the target sufficient for it not to be required to register as an investment company under the Investment Company Act. If we
own or acquire less than 100% of the equity interests or assets of a target business or businesses, the portion of such business
or businesses that are owned or acquired by the post-transaction&nbsp;company is what will be taken into account for purposes
of Nasdaq&#8217;s 80% of fair market value test. There is no basis for investors in this offering to evaluate the possible merits
or risks of any target business with which we may complete our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">To the extent we effect our initial business combination with
a company or business that may be financially unstable or in its early stages of development or growth we may be affected by numerous
risks inherent in such company or business. Although our management will endeavor to evaluate the risks inherent in a particular
target business, we cannot assure you that we will properly ascertain or assess all significant risk factors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In evaluating a prospective business target, we expect to conduct
a due diligence review, which may encompass, among other things, meetings with incumbent ownership, management and employees,
document reviews, interviews of customers and suppliers, inspection of facilities, as well as a review of financial and other
information that will be made available to us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The time required to select and evaluate a target business
and to structure and complete our initial business combination, and the costs associated with this process, are not currently
ascertainable with any degree of certainty. Any costs incurred with respect to the identification and evaluation of, and negotiation
with, a prospective target business with which our initial business combination is not ultimately completed will result in our
incurring losses and will reduce the funds we can use to complete another business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Lack of Business Diversification</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For an indefinite period of time after the completion of our
initial business combination, the prospects for our success may depend entirely on the future performance of a single business.
Unlike other entities that have the resources to complete business combinations with multiple entities in one or several industries,
it is probable that we will not have the resources to diversify our operations and mitigate the risks of being in a single line
of business. By completing our initial business combination with only a single entity, our lack of diversification may:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;subject
us to negative economic, competitive and regulatory developments, any or all of which may have a substantial adverse impact on
the particular industry in which we operate after our initial business combination, and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;cause
us to depend on the marketing and sale of a single product or limited number of products or services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Limited Ability to Evaluate the Target&#8217;s Management
Team</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Although we intend to closely scrutinize the management of
a prospective target business when evaluating the desirability of effecting our initial business combination with that business,
our assessment of the target business&#8217; management may not prove to be correct. In addition, the future management may not
have the necessary skills, qualifications or abilities to manage a public company. Furthermore, the future role of members of
our management team, if any, in the target business cannot presently be stated with any certainty. The determination as to whether
any of the members of our management team will remain with the combined company will be made at the time of our initial business
combination. While it is possible that one or more of our directors will remain associated in some capacity with us following
our initial business combination, it is unlikely that any of them will devote their full efforts to our affairs subsequent to
our initial business combination. Moreover, we cannot assure you that members of our management team will have significant experience
or knowledge relating to the operations of the particular target business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We cannot assure you that any of our key personnel will remain
in senior management or advisory positions with the combined company. The determination as to whether any of our key personnel
will remain with the combined company will be made at the time of our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Following our initial business combination, we may seek to
recruit additional managers to supplement the incumbent management of the target business. We cannot assure you that we will have
the ability to recruit additional managers, or that additional managers will have the requisite skills, knowledge or experience
necessary to enhance the incumbent management.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Stockholders May Not Have the Ability to Approve Our Initial
Business Combination</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We may conduct redemptions without a stockholder vote pursuant
to the tender offer rules of the SEC. However, we will seek stockholder approval if it is required by law or applicable stock
exchange rule, or we may decide to seek stockholder approval for business or other legal reasons. Presented in the table below
is a graphic explanation of the types of initial business combinations we may consider and whether stockholder approval is currently
required under Delaware law for each such transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 50%; font-weight: bold"><FONT STYLE="font-size: 10pt">Type
    of Transaction</FONT></TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt; width: 1%; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 49%; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt">Whether<BR>
    Stockholder<BR> Approval is<BR> Required</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Purchase of assets</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">No</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Purchase of stock of target not involving a merger
    with the company</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">No</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Merger of target into a subsidiary of the company</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">No</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Merger of the company with a target</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">Yes</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Under Nasdaq&#8217;s listing rules, stockholder approval would
be required for our initial business combination if, for example:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">we
                                         issue shares of Class A common stock that will be equal to or in excess of 20% of the
                                         number of shares of our Class A common stock then outstanding;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">any
                                         of our directors, officers or substantial stockholders (as defined by Nasdaq rules) has
                                         a 5% or greater interest (or such persons collectively have a 10% or greater interest),
                                         directly or indirectly, in the target business or assets to be acquired or otherwise
                                         and the present or potential issuance of common stock could result in an increase in
                                         outstanding common shares or voting power of 5% or more; or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">the
                                         issuance or potential issuance of common stock will result in our undergoing a change
                                         of control.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Permitted Purchases of Our Securities</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If we seek stockholder approval of our initial business combination
and we do not conduct redemptions in connection with our initial business combination pursuant to the tender offer rules, our
sponsor, initial stockholders, directors, officers, advisors or their affiliates may purchase public shares or public warrants
in privately-negotiated&nbsp;transactions or in the open market either prior to or following the completion of our initial business
combination. There is no limit on the number of shares or warrants our initial stockholders, directors, officers, advisors or
their affiliates may purchase in such transactions, subject to compliance with applicable law and NASDAQ rules. However, they
have no current commitments, plans or intentions to engage in such transactions and have not formulated any terms or conditions
for any such transactions. If they engage in such transactions, they will not make any such purchases when they are in possession
of any material non-public&nbsp;information not disclosed to the seller or if such purchases are prohibited by Regulation M under
the Exchange Act. We do not currently anticipate that such purchases, if any, would constitute a tender offer subject to the tender
offer rules under the Exchange Act or a going-private&nbsp;transaction subject to the going-private&nbsp;rules under the Exchange
Act; however, if the purchasers determine at the time of any such purchases that the purchases are subject to such rules, the
purchasers will comply with such rules. Any such purchases will be reported pursuant to Section 13 and Section 16 of the Exchange
Act to the extent such purchasers are subject to such reporting requirements. None of the funds held in the trust account will
be used to purchase shares or public warrants in such transactions prior to completion of our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Subsequent to the consummation of this offering, we will adopt
an insider trading policy which will require insiders to: (i) refrain from purchasing our securities during certain blackout periods
when they are in possession of any material non-public&nbsp;information and (ii) clear all trades of company securities with a
compliance officer prior to execution. We cannot currently determine whether our insiders will make such purchases pursuant to
a Rule&nbsp;10b5-1&nbsp;plan, as it will be dependent upon several factors, including but not limited to, the timing and size
of such purchases. Depending on such circumstances, our insiders may either make such purchases pursuant to a Rule&nbsp;10b5-1&nbsp;plan
or determine that such a plan is not necessary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The purpose of any such purchases of shares could be to vote
such shares in favor of the initial business combination and thereby increase the likelihood of obtaining stockholder approval
of the initial business combination or to satisfy a closing condition in an agreement with a target that requires us to have a
minimum net worth or a certain amount of cash at the closing of our initial business combination, where it appears that such requirement
would otherwise not be met. The purpose of any such purchases of public warrants could be to reduce the number of public warrants
outstanding or to vote such warrants on any matters submitted to the warrantholders for approval in connection with our initial
business combination. Any such purchases of our securities may result in the completion of our initial business combination that
may not otherwise have been possible. In addition, if such purchases are made, the public &#8220;float&#8221; of our shares of
Class A common stock or warrants may be reduced and the number of beneficial holders of our securities may be reduced, which may
make it difficult to maintain or obtain the quotation, listing or trading of our securities on a national securities exchange.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our sponsor, officers, directors and/or any of their affiliates
anticipate that they may identify the stockholders with whom our sponsor, officers, directors or their affiliates may pursue privately-negotiated&nbsp;purchases
by either the stockholders contacting us directly or by our receipt of redemption requests tendered by stockholders following
our mailing of proxy materials in connection with our initial business combination. To the extent that our sponsor, officers,
directors, advisors or their affiliates enter into a private purchase, they would identify and contact only potential selling
stockholders who have expressed their election to redeem their shares for a&nbsp;<I>pro rata</I>&nbsp;share of the trust account
or vote against our initial business combination, whether or not such stockholder has already submitted a proxy with respect to
our initial business combination. Such persons would select the stockholders from whom to acquire shares based on the number of
shares available, the negotiated price per share and such other factors as any such person may deem relevant at the time of purchase.
The price per share paid in any such transaction may be different than the amount per share a public stockholder would receive
if it elected to redeem its shares in connection with our initial business combination. Our sponsor, officers, directors, advisors
or their affiliates will only purchase shares if such purchases comply with Regulation M under the Exchange Act and the other
federal securities laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Any purchases by our sponsor, officers, directors and/or their
affiliates who are affiliated purchasers under Rule&nbsp;10b-18&nbsp;under the Exchange Act will be made only to the extent such
purchases are able to be made in compliance with Rule 10b-18, which is a safe harbor from liability for manipulation under Section
9(a)(2) and Rule&nbsp;10b-5&nbsp;of the Exchange Act. Rule 10b-18&nbsp;has certain technical requirements that must be complied
with in order for the safe harbor to be available to the purchaser. Our sponsor, officers, directors and/or their affiliates will
not make purchases of common stock if the purchases would violate Section 9(a)(2) or Rule 10b-5&nbsp;of the Exchange Act. Any
such purchases will be reported pursuant to Section 13 and Section 16 of the Exchange Act to the extent such purchases are subject
to such reporting requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Redemption Rights for Public Stockholders upon Completion
of our Initial Business Combination</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will provide our public stockholders with the opportunity
to redeem all or a portion of their shares of Class A common stock upon the completion of our initial business combination at
a per-share&nbsp;price, payable in cash, equal to the aggregate amount then on deposit in the trust account as of two business
days prior to the consummation of the initial business combination including interest earned on the funds held in the trust account
and not previously released to us to pay our taxes, divided by the number of then outstanding public shares, subject to the limitations
described herein. The amount in the trust account is initially anticipated to be approximately $10.00 per public share. The per-share&nbsp;amount
we will distribute to investors who properly redeem their shares will not be reduced by deferred underwriting commissions we will
pay to the underwriters. Our sponsor, officers and directors have entered into a letter agreement with us, pursuant to which they
have agreed to waive their redemption rights with respect to any founder shares and any public shares held by them in connection
with the completion of our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Manner of Conducting Redemptions</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will provide our public stockholders with the opportunity
to redeem all or a portion of their public shares upon the completion of our initial business combination either (i) in connection
with a stockholder meeting called to approve the initial business combination or (ii) without a stockholder vote by means of a
tender offer. The decision as to whether we will seek stockholder approval of a proposed initial business combination or conduct
a tender offer will be made by us, solely in our discretion, and will be based on a variety of factors such as the timing of the
transaction and whether the terms of the transaction would require us to seek stockholder approval under applicable law or stock
exchange listing requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Asset acquisitions and stock purchases would not typically
require stockholder approval while direct mergers with our company where we do not survive and any transactions where we issue
more than 20% of our outstanding common stock or seek to amend our amended and restated certificate of incorporation would require
stockholder approval. So long as we obtain and maintain a listing for our securities on Nasdaq, we will be required to comply
with Nasdaq&#8217;s stockholder approval rules.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The requirement that we provide our public stockholders with
the opportunity to redeem their public shares by one of the two methods listed above will be contained in provisions of our amended
and restated certificate of incorporation and will apply whether or not we maintain our registration under the Exchange Act or
our listing on Nasdaq. Such provisions may be amended if approved by holders of 65% of our common stock entitled to vote thereon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If we provide our public stockholders with the opportunity
to redeem their public shares in connection with a stockholder meeting, we will:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;conduct
the redemptions in conjunction with a proxy solicitation pursuant to Regulation 14A of the Exchange&nbsp;Act,&nbsp;which regulates
the solicitation of proxies, and not pursuant to&nbsp;the tender offer rules, and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;file
proxy materials with the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If we seek stockholder approval, we will complete our initial
business combination only if a majority of the outstanding shares of common stock voted are voted in favor of the initial business
combination. A quorum for such meeting will consist of the holders present in person or by proxy of shares of outstanding capital
stock of the Company representing a majority of the voting power of all outstanding shares of capital stock of the Company entitled
to vote at such meeting. Our initial stockholders will count towards this quorum and, pursuant to the letter agreement, our sponsor,
officers and directors have agreed to vote their founder shares and any public shares purchased during or after this offering
(including in open market and privately-negotiated&nbsp;transactions) in favor of our initial business combination. For purposes
of seeking approval of the majority of our outstanding shares of common stock voted, non-votes&nbsp;will have no effect on the
approval of our initial business combination once a quorum is obtained. As a result, in addition to our initial stockholders&#8217;
founder shares, we would need only 7,500,001, or 37.5%, of the 20,000,000 public shares sold in this offering to be voted in favor
of an initial business combination in order to have our initial business combination approved (assuming all outstanding shares
are voted and the over-allotment&nbsp;option is not exercised). We intend to give not less than 10 days&#8217; nor more than 60
days&#8217; prior written notice of any such meeting, if required, at which a vote shall be taken to approve our initial business
combination. These quorum and voting thresholds, and the voting agreements of our initial stockholders, may make it more likely
that we will consummate our initial business combination. Each public stockholder may elect to redeem its public shares irrespective
of whether they vote for or against the proposed transaction or whether they were a stockholder on the record date for the stockholder
meeting held to approve the proposed transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If a stockholder vote is not required and we do not decide
to hold a stockholder vote for business or other legal reasons, we will:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;conduct
the redemptions pursuant to Rule 13e-4&nbsp;and Regulation 14E of the Exchange Act, which regulate issuer tender offers, and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;file
tender offer documents with the SEC prior to completing our initial business combination, which contain substantially the same
financial and other information about the initial business combination and the redemption rights as is required under Regulation
14A of the Exchange Act, which regulates the solicitation of proxies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In the event we conduct redemptions pursuant to the tender
offer rules, our offer to redeem will remain open for at least 20 business days, in accordance with Rule 14e-1(a) under the Exchange
Act, and we will not be permitted to complete our initial business combination until the expiration of the tender offer period.
In addition, the tender offer will be conditioned on public stockholders not tendering more than a specified number of public
shares, which number will be based on the requirement that we will only redeem our public shares so long as (after such redemption)
our net tangible assets will be at least $5,000,001 either immediately prior to or upon consummation of our initial business combination
and after payment of deferred underwriters&#8217; fees and commissions (so that we are not subject to the SEC&#8217;s &#8220;penny
stock&#8221; rules) or any greater net tangible asset or cash requirement that may be contained in the agreement relating to our
initial business combination. If public stockholders tender more shares than we have offered to purchase, we will withdraw the
tender offer and not complete the initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Upon the public announcement of our initial business combination,
if we elect to conduct redemptions pursuant to the tender offer rules, we or our sponsor will terminate any plan established in
accordance with Rule 10b5-1&nbsp;to purchase shares of our Class A common stock in the open market, in order to comply with Rule
14e-5&nbsp;under the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We intend to require our public stockholders seeking to exercise
their redemption rights, whether they are record holders or hold their shares in &#8220;street name,&#8221; to, at the holder&#8217;s
option, either deliver their stock certificates to our transfer agent or deliver their shares to our transfer agent electronically
using the Depository Trust Company&#8217;s DWAC (Deposit/Withdrawal At Custodian) system, prior to the date set forth in the proxy
materials or tender offer documents, as applicable. In the case of proxy materials, this date may be up to two business days prior
to the vote on the proposal to approve the initial business combination. In addition, if we conduct redemptions in connection
with a stockholder vote, we intend to require a public stockholder seeking redemption of its public shares to also submit a written
request for redemption to our transfer agent two business days prior to the vote in which the name of the beneficial owner of
such shares is included. The proxy materials or tender offer documents, as applicable, that we will furnish to holders of our
public shares in connection with our initial business combination will indicate whether we are requiring public stockholders to
satisfy such delivery requirements. We believe that this will allow our transfer agent to efficiently process any redemptions
without the need for further communication or action from the redeeming public stockholders, which could delay redemptions and
result in additional administrative cost. If the proposed initial business combination is not approved and we continue to search
for a target company, we will promptly return any certificates or shares delivered by public stockholders who elected to redeem
their shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our amended and restated certificate of incorporation will
provide that we will only redeem our public shares so long as (after such redemption) our net tangible assets will be at least
$5,000,001 either immediately prior to or upon consummation of our initial business combination and after payment of deferred
underwriters&#8217; fees and commissions (so that we are not subject to the SEC&#8217;s &#8220;penny stock&#8221; rules) or any
greater net tangible asset or cash requirement which may be contained in the agreement relating to our initial business combination.
For example, the proposed initial business combination may require: (i) cash consideration to be paid to the target or its owners,
(ii) cash to be transferred to the target for working capital or other general corporate purposes or (iii) the retention of cash
to satisfy other conditions in accordance with the terms of the proposed initial business combination. In the event the aggregate
cash consideration we would be required to pay for all shares of Class A common stock that are validly submitted for redemption
plus any amount required to satisfy cash conditions pursuant to the terms of the proposed initial business combination exceed
the aggregate amount of cash available to us, we will not complete the initial business combination or redeem any shares, and
all shares of Class A common stock submitted for redemption will be returned to the holders thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Limitation on Redemption upon Completion of our Initial
Business Combination if we Seek Stockholder Approval</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Notwithstanding the foregoing, if we seek stockholder approval
of our initial business combination and we do not conduct redemptions in connection with our initial business combination pursuant
to the tender offer rules, our amended and restated certificate of incorporation will provide that a public stockholder, together
with any affiliate of such stockholder or any other person with whom such stockholder is acting in concert or as a &#8220;group&#8221;
(as defined under Section 13 of the Exchange Act), will be restricted from seeking redemption rights with respect to more than
an aggregate of 15% of the shares sold in this offering, which we refer to as the &#8220;Excess Shares.&#8221; Such restriction
shall also be applicable to our affiliates. We believe this restriction will discourage stockholders from accumulating large blocks
of shares, and subsequent attempts by such holders to use their ability to exercise their redemption rights against a proposed
initial business combination as a means to force us or our management to purchase their shares at a significant premium to the
then-current&nbsp;market price or on other undesirable terms. Absent this provision, a public stockholder holding more than an
aggregate of 15% of the shares sold in this offering could threaten to exercise its redemption rights if such holder&#8217;s shares
are not purchased by us or our management at a premium to the then-current&nbsp;market price or on other undesirable terms. By
limiting our stockholders&#8217; ability to redeem no more than 15% of the shares sold in this offering without our prior consent,
we believe we will limit the ability of a small group of stockholders to unreasonably attempt to block our ability to complete
our initial business combination, particularly in connection with an initial business combination with a target that requires
as a closing condition that we have a minimum net worth or a certain amount of cash. However, we would not be restricting our
stockholders&#8217; ability to vote all of their shares (including Excess Shares) for or against our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Delivering Stock Certificates in Connection with the Exercise
of Redemption Rights</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As described above, we intend to require our public stockholders
seeking to exercise their redemption rights, whether they are record holders or hold their shares in &#8220;street name,&#8221;
to, at the holder&#8217;s option, either deliver their stock certificates to our transfer agent or deliver their shares to our
transfer agent electronically using the Depository Trust Company&#8217;s DWAC (Deposit/Withdrawal At Custodian) system, prior
to the date set forth in the proxy materials or tender offer documents, as applicable. In the case of proxy materials, this date
may be up to two business days prior to the vote on the proposal to approve the initial business combination. In addition, if
we conduct redemptions in connection with a stockholder vote, we intend to require a public stockholder seeking redemption of
its public shares to also submit a written request for redemption to our transfer agent two business days prior to the vote in
which the name of the beneficial owner of such shares is included. The proxy materials or tender offer documents, as applicable,
that we will furnish to holders of our public shares in connection with our initial business combination will indicate whether
we are requiring public stockholders to satisfy such delivery requirements. Accordingly, a public stockholder would have up to
two business days prior to the vote on the initial business combination if we distribute proxy materials, or from the time we
send out our tender offer materials until the close of the tender offer period, as applicable, to submit or tender its shares
if it wishes to seek to exercise its redemption rights. In the event that a stockholder fails to comply with these or any other
procedures disclosed in the proxy or tender offer materials, as applicable, its shares may not be redeemed. Given the relatively
short exercise period, it is advisable for stockholders to use electronic delivery of their public shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">There is a nominal cost associated with the above-referenced&nbsp;process
and the act of certificating the shares or delivering them through the DWAC system. The transfer agent will typically charge the
broker submitting or tendering shares a fee of approximately $80.00 and it would be up to the broker whether or not to pass this
cost on to the redeeming holder. However, this fee would be incurred regardless of whether or not we require holders seeking to
exercise redemption rights to submit or tender their shares. The need to deliver shares is a requirement of exercising redemption
rights regardless of the timing of when such delivery must be effectuated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Any request to redeem such shares, once made, may be withdrawn
at any time up to the date set forth in the proxy materials or tender offer documents, as applicable. Furthermore, if a holder
of a public share delivered its certificate in connection with an election of redemption rights and subsequently decides prior
to the applicable date not to elect to exercise such rights, such holder may simply request that the transfer agent return the
certificate (physically or electronically). It is anticipated that the funds to be distributed to holders of our public shares
electing to redeem their shares will be distributed promptly after the completion of our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If our initial business combination is not approved or completed
for any reason, then our public stockholders who elected to exercise their redemption rights would not be entitled to redeem their
shares for the applicable&nbsp;<I>pro rata </I>share of the trust account. In such case, we will promptly return any certificates
delivered by public holders who elected to redeem their shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If our initial proposed initial business combination is not
completed, we may continue to try to complete an initial business combination with a different target until 24&nbsp;months from
the closing of this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Redemption of Public Shares and Liquidation if no Initial
Business Combination</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our amended and restated certificate of incorporation will
provide that we will have only 24&nbsp;months from the closing of this offering to complete our initial business combination.
If we are unable to complete our initial business combination within such 24-month&nbsp;period, we will: (i) cease all operations
except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than 10 business days thereafter, redeem
the public shares, at a per-share&nbsp;price, payable in cash, equal to the aggregate amount then on deposit in the trust account
including interest earned on the funds held in the trust account and not previously released to us to pay our taxes (less up to
$100,000 of interest to pay dissolution expenses), divided by the number of then outstanding public shares, which redemption will
completely extinguish public stockholders&#8217; rights as stockholders (including the right to receive further liquidating distributions,
if any), and (iii) as promptly as reasonably possible following such redemption, subject to the approval of our remaining stockholders
and our board of directors, liquidate and dissolve, subject in each case to our obligations under Delaware law to provide for
claims of creditors and the requirements of other applicable law. There will be no redemption rights or liquidating distributions
with respect to our warrants, which will expire worthless if we fail to complete our initial business combination within the 24-month&nbsp;time
period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our sponsor, officers and directors have entered into a letter
agreement with us, pursuant to which they have waived their rights to liquidating distributions from the trust account with respect
to any founder shares held by them if we fail to complete our initial business combination within 24&nbsp;months from the closing
of this offering. However, if our sponsor, officers or directors acquire public shares in or after this offering, they will be
entitled to liquidating distributions from the trust account with respect to such public shares if we fail to complete our initial
business combination within the allotted 24-month&nbsp;time period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our sponsor, officers and directors have agreed, pursuant to
a written agreement with us, that they will not propose any amendment to our amended and restated certificate of incorporation
to (A) modify the substance or timing of our obligation to provide for the redemption of our public shares in connection with
an initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination
within 24&nbsp;months from the closing of this offering or (B) with respect to any other material provisions relating to stockholders&#8217;
rights or pre-initial&nbsp;business combination activity, unless we provide our public stockholders with the opportunity to redeem
their shares of Class A common stock upon approval of any such amendment at a per-share&nbsp;price, payable in cash, equal to
the aggregate amount then on deposit in the trust account including interest earned on the funds held in the trust account and
not previously released to us to pay our taxes, divided by the number of then outstanding public shares. However, we will only
redeem our public shares so long as (after such redemption) our net tangible assets will be at least $5,000,001 either immediately
prior to or upon consummation of our initial business combination and after payment of deferred underwriters&#8217; fees and commissions
(so that we are not subject to the SEC&#8217;s &#8220;penny stock&#8221; rules). If this optional redemption right is exercised
with respect to an excessive number of public shares such that we cannot satisfy the net tangible asset requirement (described
above), we would not proceed with the amendment or the related redemption of our public shares at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We expect that all costs and expenses associated with implementing
our plan of dissolution, as well as payments to any creditors, will be funded from amounts remaining out of the approximately
$1,000,000 of proceeds held outside the trust account, although we cannot assure you that there will be sufficient funds for such
purpose. We will depend on sufficient interest being earned on the proceeds held in the trust account to pay any tax obligations
we may owe. However, if those funds are not sufficient to cover the costs and expenses associated with implementing our plan of
dissolution, to the extent that there is any interest accrued in the trust account not required to pay taxes on interest income
earned on the trust account balance, we may request the trustee to release to us an additional amount of up to $100,000 of such
accrued interest to pay those costs and expenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If we were to expend all of the net proceeds of this offering
and the sale of the private placement warrants, other than the proceeds deposited in the trust account, and without taking into
account interest, if any, earned on the trust account, the per-share&nbsp;redemption amount received by stockholders upon our
dissolution would be approximately $10.00. The proceeds deposited in the trust account could, however, become subject to the claims
of our creditors which would have higher priority than the claims of our public stockholders. We cannot assure you that the actual
per-share&nbsp;redemption amount received by stockholders will not be substantially less than $10.00. Under Section&nbsp;281(b)
of the DGCL, our plan of dissolution must provide for all claims against us to be paid in full or make provision for payments
to be made in full, as applicable, if there are sufficient assets. These claims must be paid or provided for before we make any
distribution of our remaining assets to our stockholders. While we intend to pay such amounts, if any, we cannot assure you that
we will have funds sufficient to pay or provide for all creditors&#8217; claims.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Although we will seek to have all vendors, service providers,
prospective target businesses and other entities with which we do business execute agreements with us waiving any right, title,
interest or claim of any kind in or to any monies held in the trust account for the benefit of our public stockholders, such parties
may not execute such agreements or even if they execute such agreements, they may not be prevented from bringing claims against
the trust account, including, but not limited to, fraudulent inducement, breach of fiduciary responsibility or other similar claims,
as well as claims challenging the enforceability of the waiver, in each case in order to gain advantage with respect to a claim
against our assets, including the funds held in the trust account. If any third party refuses to enter into an agreement waiving
such claims to the monies held in the trust account, our management will consider whether competitive alternatives are reasonably
available to the Company, and will only enter into an agreement with such third party if our management believes that such third
party&#8217;s engagement would be in the best interests of the Company under the circumstances. Examples of possible instances
where we may engage a third party that refuses to execute a waiver include the engagement of a third-party&nbsp;consultant whose
particular expertise or skills are believed by management to be significantly superior to those of other consultants that would
agree to execute a waiver or in cases where management is unable to find a service provider willing to execute a waiver. Marcum
LLP, our independent registered public accounting firm, and the underwriters of the offering will not execute agreements with
us waiving such claims to the monies held in the trust account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In addition, there is no guarantee that such entities will
agree to waive any claims they may have in the future as a result of, or arising out of, any negotiations, contracts or agreements
with us and will not seek recourse against the trust account for any reason. Upon redemption of our public shares, if we are unable
to complete our initial business combination within the prescribed timeframe, or upon the exercise of a redemption right in connection
with our initial business combination, we will be required to provide for payment of claims of creditors that were not waived
that may be brought against us within the 10 years following redemption. Accordingly, the per-share&nbsp;redemption amount received
by public stockholders could be less than the $10.00 per share initially held in the trust account, due to claims of such creditors.
Pursuant to the letter agreement, the form of which is filed as Exhibit 10.1 to the registration statement of which this prospectus
forms a part, our sponsor has agreed that it will be liable to us if and to the extent any claims by a third party for services
rendered or products sold to us, or a prospective target business with which we have entered into a written letter of intent,
confidentiality or similar agreement or business combination agreement, reduce the amount of funds in the trust account to below
the lesser of (i) $10.00 per public share and (ii) the actual amount per public share held in the trust account as of the date
of the liquidation of the trust account, if less than $10.00 per share due to reductions in the value of the trust assets, less
taxes payable; provided that such liability will not apply to any claims by a third party or prospective target business who executed
a waiver of any and all rights to the monies held in the trust account (whether or not such waiver is enforceable) nor will it
apply to any claims under our indemnity of the underwriters of this offering against certain liabilities, including liabilities
under the Securities Act. However, we have not asked our sponsor to reserve for such indemnification obligations, nor have we
independently verified whether our sponsor has sufficient funds to satisfy their indemnity obligations, and believe that our sponsor&#8217;s
only assets are securities of our company. Therefore, we cannot assure you that our sponsor would be able to satisfy those obligations.
As a result, if any such claims were successfully made against the trust account, the funds available for our initial business
combination and redemptions could be reduced to less than $10.00 per public share. In such event, we may not be able to complete
our initial business combination, and you would receive such lesser amount per share in connection with any redemption of your
public shares. None of our officers or directors will indemnify us for claims by third parties, including, without limitation,
claims by vendors and prospective target businesses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In the event that the proceeds in the trust account are reduced
below (i) $10.00 per public share or (ii) such lesser amount per public share held in the trust account as of the date of the
liquidation of the trust account, due to reductions in value of the trust assets, in each case net of the amount of interest which
may be withdrawn to pay taxes, and our sponsor asserts that it is unable to satisfy its indemnification obligations or that it
has no indemnification obligations related to a particular claim, our independent directors would determine whether to take legal
action against our sponsor to enforce its indemnification obligations. While we currently expect that our independent directors
would take legal action on our behalf against our sponsor to enforce its indemnification obligations to us, it is possible that
our independent directors in exercising their business judgment may choose not to do so if, for example, the cost of such legal
action is deemed by the independent directors to be too high relative to the amount recoverable or if the independent directors
determine that a favorable outcome is not likely. We have not asked our sponsor to reserve for such indemnification obligations
and we cannot assure you that our sponsor would be able to satisfy those obligations, and believe that our sponsor&#8217;s only
assets are securities of our company. Accordingly, we cannot assure you that due to claims of creditors the actual value of the
per-share&nbsp;redemption price will not be less than $10.00 per public share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will seek to reduce the possibility that our sponsor will
have to indemnify the trust account due to claims of creditors by endeavoring to have all vendors, service providers, prospective
target businesses or other entities with which we do business execute agreements with us waiving any right, title, interest or
claim of any kind in or to monies held in the trust account. Our sponsor will also not be liable as to any claims under our indemnity
of the underwriters of this offering against certain liabilities, including liabilities under the Securities Act. We will have
access to up to approximately $1,000,000 from the proceeds of this offering with which to pay any such potential claims (including
costs and expenses incurred in connection with our liquidation, currently estimated to be no more than approximately $100,000).
In the event that we liquidate and it is subsequently determined that the reserve for claims and liabilities is insufficient,
stockholders who received funds from our trust account could be liable for claims made by creditors. In the event that our offering
expenses exceed our estimate of $750,000, we may fund such excess with funds from the funds not to be held in the trust account.
In such case, the amount of funds we intend to be held outside the trust account would decrease by a corresponding amount. Conversely,
in the event that the offering expenses are less than our estimate of $750,000, the amount of funds we intend to be held outside
the trust account would increase by a corresponding amount.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Under the DGCL, stockholders may be held liable for claims
by third parties against a corporation to the extent of distributions received by them in a dissolution. The&nbsp;<I>pro rata</I>&nbsp;portion
of our trust account distributed to our public stockholders upon the redemption of our public shares in the event we do not complete
our initial business combination within 24&nbsp;months from the closing of this offering may be considered a liquidating distribution
under Delaware law. If the corporation complies with certain procedures set forth in Section 280 of the DGCL intended to ensure
that it makes reasonable provision for all claims against it, including a 60-day&nbsp;notice period during which any third-party&nbsp;claims
can be brought against the corporation, a 90-day&nbsp;period during which the corporation may reject any claims brought, and an
additional 150-day&nbsp;waiting period before any liquidating distributions are made to stockholders, any liability of stockholders
with respect to a liquidating distribution is limited to the lesser of such stockholder&#8217;s&nbsp;<I>pro rata</I>&nbsp;share
of the claim or the amount distributed to the stockholder, and any liability of the stockholder would be barred after the third
anniversary of the dissolution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Furthermore, if the&nbsp;<I>pro rata</I>&nbsp;portion of our
trust account distributed to our public stockholders upon the redemption of our public shares in the event we do not complete
our initial business combination within 24&nbsp;months from the closing of this offering, is not considered a liquidating distribution
under Delaware law and such redemption distribution is deemed to be unlawful (potentially due to the imposition of legal proceedings
that a party may bring or due to other circumstances that are currently unknown), then pursuant to Section 174 of the DGCL, the
statute of limitations for claims of creditors could then be six years after the unlawful redemption distribution, instead of
three years, as in the case of a liquidating distribution. If we are unable to complete our initial business combination within
24&nbsp;months from the closing of this offering, we will: (i) cease all operations except for the purpose of winding up, (ii)
as promptly as reasonably possible but not more than 10 business days thereafter, redeem the public shares, at a per-share&nbsp;price,
payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held
in the trust account and not previously released to us to pay our taxes (less up to $100,000 of interest to pay dissolution expenses),
divided by the number of then outstanding public shares, which redemption will completely extinguish public stockholders&#8217;
rights as stockholders (including the right to receive further liquidating distributions, if any), and (iii) as promptly as reasonably
possible following such redemption, subject to the approval of our remaining stockholders and our board of directors, liquidate
and dissolve, subject in each case to our obligations under Delaware law to provide for claims of creditors and the requirements
of other applicable law. Accordingly, it is our intention to redeem our public shares as soon as reasonably possible following
our 24<SUP>th</SUP>&nbsp;month and, therefore, we do not intend to comply with those procedures. As such, our stockholders could
potentially be liable for any claims to the extent of distributions received by them (but no more) and any liability of our stockholders
may extend well beyond the third anniversary of such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Because we will not be complying with Section 280, Section
281(b) of the DGCL requires us to adopt a plan, based on facts known to us at such time that will provide for our payment of all
existing and pending claims or claims that may be potentially brought against us within the subsequent 10 years. However, because
we are a blank check company, rather than an operating company, and our operations will be limited to searching for prospective
target businesses to acquire, the only likely claims to arise would be from our vendors (such as lawyers, investment bankers,
etc.) or prospective target businesses. As described above, pursuant to the obligation contained in our underwriting agreement,
we will seek to have all vendors, service providers, prospective target businesses or other entities with which we do business
execute agreements with us waiving any right, title, interest or claim of any kind in or to any monies held in the trust account.
As a result of this obligation, the claims that could be made against us are significantly limited and the likelihood that any
claim that would result in any liability extending to the trust account is remote. Further, our sponsor may be liable only to
the extent necessary to ensure that the amounts in the trust account are not reduced below (i) $10.00 per public share or (ii)
such lesser amount per public share held in the trust account as of the date of the liquidation of the trust account, due to reductions
in value of the trust assets, in each case net of the amount of interest released to us to pay taxes and will not be liable as
to any claims under our indemnity of the underwriters of this offering against certain liabilities, including liabilities under
the Securities Act. In the event that an executed waiver is deemed to be unenforceable against a third party, our sponsor will
not be responsible to the extent of any liability for such third-party&nbsp;claims.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If we file a bankruptcy petition or an involuntary bankruptcy
petition is filed against us that is not dismissed, the proceeds held in the trust account could be subject to applicable bankruptcy
law, and may be included in our bankruptcy estate and subject to the claims of third parties with priority over the claims of
our stockholders. To the extent any bankruptcy claims deplete the trust account, we cannot assure you we will be able to return
$10.00 per share to our public stockholders. Additionally, if we file a bankruptcy petition or an involuntary bankruptcy petition
is filed against us that is not dismissed, any distributions received by stockholders could be viewed under applicable debtor/creditor
and/or bankruptcy laws as either a &#8220;preferential transfer&#8221; or a &#8220;fraudulent conveyance.&#8221; As a result,
a bankruptcy court could seek to recover some or all amounts received by our stockholders. Furthermore, our board of directors
may be viewed as having breached its fiduciary duty to our creditors and/or may have acted in bad faith, thereby exposing itself
and our company to claims of punitive damages, by paying public stockholders from the trust account prior to addressing the claims
of creditors. We cannot assure you that claims will not be brought against us for these reasons.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our public stockholders will be entitled to receive funds from
the trust account only upon the earlier to occur of: (i)&nbsp;the completion of our initial business combination, (ii) the redemption
of any public shares properly submitted in connection with a stockholder vote to amend any provisions of our amended and restated
certificate of incorporation to (A) modify the substance or timing of our obligation to provide for the redemption of our public
shares in connection with an initial business combination or to redeem 100% of our public shares if we do not complete our initial
business combination within 24&nbsp;months from the closing of this offering or (B) with respect to any other material provisions
relating to stockholders&#8217; rights or pre-initial&nbsp;business combination activity, and (iii) the redemption of all of our
public shares if we are unable to complete our business combination within 24&nbsp;months from the closing of this offering, subject
to applicable law. In no other circumstances will a stockholder have any right or interest of any kind to or in the trust account.
In the event we seek stockholder approval in connection with our initial business combination, a stockholder&#8217;s voting in
connection with the initial business combination alone will not result in a stockholder&#8217;s redeeming its shares to us for
an applicable&nbsp;<I>pro rata</I>&nbsp;share of the trust account. Such stockholder must have also exercised its redemption rights
as described above. These provisions of our amended and restated certificate of incorporation, like all provisions of our amended
and restated certificate of incorporation, may be amended with a stockholder vote.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Comparison of Redemption or Purchase Prices in Connection
with Our Initial Business Combination and if We Fail to Complete Our Initial Business Combination</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following table compares the redemptions and other permitted
purchases of public shares that may take place in connection with the completion of our initial business combination and if we
are unable to complete our initial business combination within 24&nbsp;months from the closing of this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Split-Segment; Name: 9 -->
<P STYLE="border-bottom: Black 0.75pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; width: 18%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; width: 25%; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Redemptions
    in Connection<BR>
    with our Initial Business<BR>
    Combination</B></FONT></TD>
    <TD STYLE="padding-top: 1pt; white-space: nowrap; width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; width: 25%; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Other
    Permitted Purchases<BR>
    of Public Shares by us or our<BR>
    Affiliates</B></FONT></TD>
    <TD STYLE="padding-top: 1pt; white-space: nowrap; width: 1%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; width: 29%; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Redemptions
    if we fail to<BR>
    Complete an Initial Business<BR>
    Combination</B></FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Calculation&nbsp;of
    redemption&nbsp;price</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Redemptions
    at the time of our initial business combination may be made pursuant to a tender offer or in connection with a stockholder
    vote. The same whether we conduct redemptions pursuant to a tender offer or in connection with a stockholder vote. In either
    case, our public stockholders may redeem their public shares for cash equal to the aggregate amount then on deposit in the
    trust account as of two business days prior to the consummation of the initial business combination (which is initially anticipated
    to be $10.00 per public share), including interest earned on the funds held in the trust account and not previously released
    to us to pay our taxes divided by the number of then outstanding public shares, subject to the limitation that no redemptions
    will take place, if all of the redemptions would cause our net tangible assets will be at least $5,000,001 either immediately
    prior to or upon consummation of our initial business combination and any limitations (including, but not limited to, cash
    requirements) agreed to in connection with the negotiation of terms of a proposed initial business combination.</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
    we seek stockholder approval of our initial business combination, our sponsor, directors, officers, advisors or their affiliates
    may purchase shares in privately-negotiated&nbsp;transactions or in the open market prior to or following completion of our
    initial business combination. There is no limit to the prices that our sponsor, directors, officers, advisors or their affiliates
    may pay in these transactions. Such purchases will be made only to the extent such purchases are able to be made in compliance
    with Rule 10b-18, which is a safe harbor from liability for manipulation under Section&nbsp;9(a)(2) and Rule&nbsp;10b-5&nbsp;of
    the Exchange Act. None of the funds in the trust account will be used to purchase shares in such transactions.</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
    we are unable to complete our initial business combination within 24&nbsp;months from the closing of this offering, we will
    redeem 100% of the public shares at a per-share&nbsp;price, payable in cash, equal to the aggregate amount, then on deposit
    in the trust account (which is initially anticipated to be $10.00 per public share including, interest earned on the funds
    held in the trust account and not previously released to us to pay our taxes (less up to $100,000 of interest to pay dissolution
    expenses)), divided by the number of then outstanding public shares.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; width: 17%; border-bottom: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; width: 1%; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; width: 25%; border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Redemptions
    in Connection<BR>
    with our Initial Business<BR>
    Combination</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; white-space: nowrap; width: 1%; border-bottom: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; width: 25%; border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Other
    Permitted Purchases<BR>
    of Public Shares by us or our<BR>
    Affiliates</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; white-space: nowrap; width: 1%; border-bottom: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; width: 30%; border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Redemptions
    if we fail to<BR>
    Complete an Initial Business<BR>
    Combination</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Impact&nbsp;to&nbsp;remaining
    stockholders</B></FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The redemptions in connection with our initial
    business combination will reduce the book value per share for our remaining stockholders, who will bear the burden of the
    deferred underwriting commissions and taxes payable.</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If the permitted purchases described above are
    made there would be no impact to our remaining stockholders because the purchase price would not be paid by us.</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The redemption of our public shares if we fail
    to complete our initial business combination will reduce the book value per share for the shares held by our initial stockholders,
    who will be our only remaining stockholders after such redemptions.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Comparison of This Offering to Those of Blank Check Companies
Subject to Rule 419</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following table compares the terms of this offering to
the terms of an offering by a blank check company subject to the provisions of Rule 419. This comparison assumes that the gross
proceeds, underwriting commissions and underwriting expenses of our offering would be identical to those of an offering undertaken
by a company subject to Rule 419, and that the underwriters will not exercise their over-allotment&nbsp;option. None of the provisions
of Rule 419 apply to our offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 10pt; width: 32%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; width: 2%; padding-top: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 10pt; width: 32%; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Terms
    of our Offering</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 10pt; white-space: nowrap; width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 10pt; width: 32%; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Terms
    under a Rule 419 Offering</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Escrow&nbsp;of&nbsp;offering&nbsp;proceeds</B></FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$200,000,000 of the net proceeds of this offering
    and the sale of the private placement warrants will be deposited into a trust account in the United States at J.P. Morgan
    Chase Bank, N.A., with Continental Stock Transfer &amp; Trust Company acting as trustee.</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Approximately $170,100,000 of the offering proceeds
    would be deposited into either an escrow account with an insured depositary institution or in a separate bank account established
    by a broker-dealer&nbsp;in which the broker-dealer&nbsp;acts as trustee for persons having the beneficial interests in the
    account.</FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 8pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Investment&nbsp;of&nbsp;net&nbsp;proceeds</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$200,000,000
    of the net offering proceeds and the sale of the private placement warrants held in trust will be invested only in U.S. government
    treasury bills with a maturity of 185&nbsp;days or less or in money market funds meeting certain conditions under Rule&nbsp;2a-7&nbsp;under
    the Investment Company Act which invest only in direct U.S. government treasury obligations.</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Proceeds
    could be invested only in specified securities such as a money market fund meeting conditions of the Investment Company Act
    or in securities that are direct obligations of, or obligations guaranteed as to principal or interest by, the United States.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 8pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Receipt&nbsp;of&nbsp;interest&nbsp;on&nbsp;escrowed&nbsp;funds</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Interest
    on proceeds from the trust account to be paid to redeeming stockholders is reduced by (i) any income or franchise taxes paid
    or payable, and (ii) in the event of our liquidation for failure to complete our initial business combination within the allotted
    time, up to $100,000 of net interest that may be released to us should we have no or insufficient working capital to fund
    the costs and expenses of our dissolution and liquidation.</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Interest
    on funds in escrow account would be held for the sole benefit of investors, unless and only after the funds held in escrow
    were released to us in connection with our completion of a business combination.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 10pt; width: 32%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; width: 2%; padding-top: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 10pt; width: 32%; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Terms
    of our Offering</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 10pt; white-space: nowrap; width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 10pt; width: 32%; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Terms
    under a Rule 419 Offering</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Limitation&nbsp;on&nbsp;fair&nbsp;value&nbsp;or&nbsp;fair
    market value&nbsp;of&nbsp;target business</B></FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In accordance with the rules of Nasdaq, our
    initial business combination must occur with one or more target businesses that together have an aggregate fair market value
    of at least 80% of the value of the assets held in the trust account (net of amounts disbursed to management for working capital
    purposes, if any, and excluding the amount of deferred underwriting discounts held in trust and taxes payable on the income
    earned on the trust account) at the time of our signing a definitive agreement in connection with our initial business combination.</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The fair value or fair market value of a target
    business must represent at least 80% of the maximum offering proceeds.</FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 8pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Trading&nbsp;of&nbsp;securities&nbsp;issued</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
    expect the units will begin trading on or promptly after the date of this prospectus. The Class A common stock and warrants
    comprising the units will begin separate trading on the 52<SUP>nd</SUP>&nbsp;day following the date of this prospectus unless
    Raymond James &amp; Associates, Inc. and EarlyBirdCapital, Inc. inform us of their decision to allow earlier separate trading,
    subject to our having filed the Current Report on Form 8-K&nbsp;described below and having issued a press release announcing
    when such separate trading will begin. We will file the Current Report on Form 8-K&nbsp;promptly after the closing of this
    offering, which closing is anticipated to take place three business days from the date of this prospectus. If the over-allotment&nbsp;option
    is exercised following the initial filing of such Current Report on Form 8-K, an additional Current Report on Form 8-K&nbsp;will
    be filed to provide updated financial information to reflect the exercise of the over-allotment&nbsp;option.</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No
    trading of the units or the underlying Class A common stock and warrants would be permitted until the completion of a business
    combination. During this period, the securities would be held in the escrow or trust account.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 8pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exercise&nbsp;of&nbsp;the&nbsp;warrants</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    warrants cannot be exercised until the later of 30 days after the completion of our initial business combination and 12&nbsp;months
    from the closing of this offering.</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    warrants could be exercised prior to the completion of a business combination, but securities received and cash paid in connection
    with the exercise would be deposited in the escrow or trust account.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 8pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Election&nbsp;to&nbsp;remain&nbsp;an&nbsp;investor</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
    will provide our public stockholders with the opportunity to redeem their public shares for cash equal to their pro rata share
    of the aggregate amount then on deposit in the trust account as of two business days prior to the consummation of our initial
    business combination, including interest earned on the funds held in the trust account and not previously released to us to
    pay</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
    prospectus containing information pertaining to the business combination required by the SEC would be sent to each investor.
    Each investor would be given the opportunity to notify the company in writing, within a period of no less than 20 business
    days and no more than 45 business days from the effective date of a post-effective&nbsp;amendment to the company&#8217;s registration
    statement,</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; padding-top: 10pt; width: 32%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 10pt; white-space: nowrap; width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 10pt; width: 32%; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Terms
    of our Offering</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 10pt; white-space: nowrap; width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 10pt; width: 32%; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Terms
    under a Rule 419 Offering</B></FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">our
    taxes, upon the completion of our initial business combination, subject to the limitations described herein. We may not be
    required by law to hold a stockholder vote. We intend to give approximately 30 days&#8217; (but not less than 10 days&#8217;
    nor more than 60 days&#8217;) prior written notice of any such meeting, if required, at which a vote shall be taken to approve
    our initial business combination. If we are not required by law and do not otherwise decide to hold a stockholder vote, we
    will, pursuant to our amended and restated certificate of incorporation, conduct the redemptions pursuant to the tender offer
    rules of the SEC and file tender offer documents with the SEC which will contain substantially the same financial and other
    information about the initial business combination and the redemption rights as is required under the SEC&#8217;s proxy rules.
    In the event we conduct redemptions pursuant to the tender offer rules, our offer to redeem will remain open for at least
    20&nbsp;business days, in accordance with Rule 14e-1(a) under the Exchange Act, and we will not be permitted to complete our
    initial business combination until the expiration of the tender offer period. If, however, we hold a stockholder vote, we
    will, like many blank check companies, offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy
    rules. If we seek stockholder approval, we will complete our initial business combination only if a majority of the outstanding
    shares of common stock voted are voted in favor of the initial business combination. Additionally, each public stockholder
    may elect to redeem their public shares irrespective of whether they vote for or against the proposed transaction. A quorum
    for such meeting will consist of the holders present in person or by proxy of shares of outstanding capital stock of the company
    representing a majority of the voting power of all outstanding shares of capital stock of the company entitled to vote at
    such meeting.</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">to
    decide if it elects to remain a stockholder of the company or require the return of its investment. If the company has not
    received the notification by the end of the 45<SUP>th</SUP>&nbsp;business day, funds and interest or dividends, if any, held
    in the trust or escrow account are automatically returned to the stockholder. Unless a sufficient number of investors elect
    to remain investors, all funds on deposit in the escrow account must be returned to all of the investors and none of the securities
    are issued.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 10pt; width: 32%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; width: 2%; padding-top: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 10pt; width: 32%; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Terms
    of our Offering</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 10pt; white-space: nowrap; width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 10pt; width: 32%; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Terms
    under a Rule 419 Offering</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Business&nbsp;combination&nbsp;deadline</B></FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If we are unable to complete an initial business
    combination within 24&nbsp;months from the closing of this offering, we will: (i) cease all operations except for the purpose
    of winding up, (ii) as promptly as reasonably possible but not more than 10 business days thereafter, redeem 100% of the public
    shares, at a per-share&nbsp;price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including
    interest earned on the funds held in the trust account and not previously released to us to pay our taxes (less up to $100,000
    of interest to pay dissolution expenses), divided by the number of then outstanding public shares, which redemption will completely
    extinguish public stockholders&#8217; rights as stockholders (including the right to receive further liquidating distributions,
    if any), and (iii) as promptly as reasonably possible following such redemption, subject to the approval of our remaining
    stockholders and our board of directors, liquidate and dissolve, subject in each case to our obligations under Delaware law
    to provide for claims of creditors and the requirements of other applicable law.</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If a business combination has not been completed
    within 24&nbsp;months after the effective date of our registration statement, funds held in the trust or escrow account are
    returned to investors.</FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 8pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Limitation&nbsp;on&nbsp;redemption&nbsp;rights&nbsp;of
    stockholders&nbsp;holding&nbsp;more&nbsp;than&nbsp;15% of&nbsp;the shares&nbsp;sold&nbsp;in&nbsp;this&nbsp;offering&nbsp;if&nbsp;we&nbsp;hold&nbsp;a
    stockholder&nbsp;vote</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
    we seek stockholder approval of our initial business combination and we do not conduct redemptions in connection with our
    initial business combination pursuant to the tender offer rules, our amended and restated certificate of incorporation will
    provide that a public stockholder (including our affiliates), together with any affiliate of such stockholder or any other
    person with whom such stockholder is acting in concert or as a &#8220;group&#8221; (as defined under Section 13 of the Exchange
    Act), will be restricted from seeking redemption rights with respect to Excess Shares (more than an aggregate of 15% of the
    shares sold in this offering). Our public stockholders&#8217; inability to redeem Excess Shares will reduce their influence
    over our ability to complete our initial business combination and they could suffer a material loss on their investment in
    us if they sell any Excess Shares in open market transactions.</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Many
    blank check companies provide no restrictions on the ability of stockholders to redeem shares based on the number of shares
    held by such stockholders in connection with an initial business combination.</FONT></TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; padding-top: 10pt; text-align: center; width: 32%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 10pt; text-align: center; white-space: nowrap; width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 10pt; width: 32%; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Terms
    of our Offering</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 10pt; text-align: center; white-space: nowrap; width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 10pt; width: 32%; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Terms
    under a Rule 419 Offering</B></FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; width: 32%; border-bottom: Black 1pt solid; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Tendering&nbsp;stock&nbsp;certificates&nbsp;in&nbsp;connection
    with&nbsp;a&nbsp;tender&nbsp;offer&nbsp;or&nbsp;redemption&nbsp;rights</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 2%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; width: 32%; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
    intend to require our public stockholders seeking to exercise their redemption rights, whether they are record holders or
    hold their shares in &#8220;street name,&#8221; to, at the holder&#8217;s option, either deliver their stock certificates
    to our transfer agent or deliver their shares to our transfer agent electronically using the Depository Trust Company&#8217;s
    DWAC (Deposit/Withdrawal At Custodian) system, prior to the date set forth in the proxy materials or tender offer documents,
    as applicable. In the case of proxy materials, this date may be up to two business days prior to the vote on the proposal
    to approve the initial business combination. In addition, if we conduct redemptions in connection with a stockholder vote,
    we intend to require a public stockholder seeking redemption of its public shares to also submit a written request for redemption
    to our transfer agent two business days prior to the vote in which the name of the beneficial owner of such shares is included.
    The proxy materials or tender offer documents, as applicable, that we will furnish to holders of our public shares in connection
    with our initial business combination will indicate whether we are requiring public stockholders to satisfy such delivery
    requirements. Accordingly, a public stockholder would have up to two business days prior to the vote on the initial business
    combination if we distribute proxy materials, or from the time we send out our tender offer materials until the close of the
    tender offer period, as applicable, to submit or tender its shares if it wishes to seek to exercise its redemption rights.</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 2%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; width: 32%; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
    order to perfect redemption rights in connection with their business combinations, holders could vote against a proposed initial
    business combination and check a box on the proxy card indicating such holders were seeking to exercise their redemption rights.
    After the business combination was approved, the Company would contact such stockholders to arrange for them to deliver their
    certificate to verify ownership.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 8pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Release
    of funds</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Except
    with respect to interest earned on the funds held in the trust account that may be released to us to pay our tax obligations,
    the proceeds from this offering and the sale of the private placement warrants held in the trust account will not be released
    from the trust account until the earliest to occur of: (i) the completion of our initial business combination, (ii) the redemption
    of any public shares properly submitted in connection with a stockholder vote to amend our amended and restated certificate
    of incorporation</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    proceeds held in the escrow account are not released until the earlier of the completion of a business combination or the
    failure to effect a business combination within the allotted time.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="border-bottom: Black 0.75pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 10pt; width: 32%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; width: 2%; padding-top: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 10pt; width: 32%; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Terms
    of our Offering</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 10pt; white-space: nowrap; width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 10pt; width: 32%; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Terms
    under a Rule 419 Offering</B></FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">to (A) modify the substance or timing of our
    obligation to provide for the redemption of our public shares in connection with an initial business combination or to redeem
    100% of our public shares if we do not complete our initial business combination within 24&nbsp;months from the closing of
    this offering or (B) with respect to any other material provisions relating to stockholders&#8217; rights or pre-initial&nbsp;business
    combination activity, and (iii) the redemption of 100% of our public shares if we are unable to complete an initial business
    combination within the required time frame (subject to the requirements of applicable law). On the completion of our initial
    business combination, all amounts held in the trust account will be released to us, less amounts released to a separate account
    controlled by the trustee for disbursal to redeeming stockholders. We will use these funds to pay amounts due to any public
    stockholders who exercise their redemption rights as described above under &#8220;Redemption rights for public stockholders
    upon completion of our initial business combination,&#8221; to pay the underwriters their deferred underwriting commissions,
    to pay all or a portion of the consideration payable to the target or owners of the target of our initial business combination
    and to pay other expenses associated with our initial business combination.</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Competition</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In identifying, evaluating and selecting a target business
for our initial business combination, we may encounter competition from other entities having a business objective similar to
ours, including other blank check companies, private equity groups and leveraged buyout funds, public companies and operating
businesses seeking strategic business combinations. Many of these entities are well established and have extensive experience
identifying and effecting business combinations directly or through affiliates. Moreover, many of these competitors possess greater
financial, technical, human and other resources than we do. Our ability to acquire larger target businesses will be limited by
our available financial resources. This inherent limitation gives others an advantage in pursuing the initial business combination
of a target business. Furthermore, our obligation to pay cash in connection with our public stockholders who exercise their redemption
rights may reduce the resources available to us for our initial business combination and our outstanding warrants, and the future
dilution they potentially represent, may not be viewed favorably by certain target businesses. Either of these factors may place
us at a competitive disadvantage in successfully negotiating an initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Facilities</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our executive offices are located at 1900 Main Street, Suite
201, Sarasota, FL 34236, and our telephone number is (937) 610-4057. Commencing on the date of this prospectus, we have agreed
to pay our sponsor a total of $10,000 per month for office space, utilities and secretarial and administrative
support. We consider our current office space adequate for our current operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Employees</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We currently have two officers. These individuals are not obligated
to devote any specific number of hours to our matters but they intend to devote as much of their time as they deem necessary to
our affairs until we have completed our initial business combination. The amount of time they will devote in any time period will
vary based on whether a target business has been selected for our initial business combination and the stage of the initial business
combination process we are in.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Periodic Reporting and Financial Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will register our units, Class A common stock and warrants
under the Exchange Act and have reporting obligations, including the requirement that we file annual, quarterly and current reports
with the SEC. In accordance with the requirements of the Exchange Act, our annual reports will contain financial statements audited
and reported on by our independent registered public accountants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will provide stockholders with audited financial statements
of the prospective target business as part of the proxy solicitation materials or tender offer documents sent to stockholders
to assist them in assessing the target business. In all likelihood, these financial statements will need to be prepared in accordance
with, or reconciled to, GAAP or IFRS, depending on the circumstances, and the historical financial statements may be required
to be audited in accordance with the standards of the PCAOB. These financial statement requirements may limit the pool of potential
targets we may conduct an initial business combination with because some targets may be unable to provide such statements in time
for us to disclose such statements in accordance with federal proxy rules and complete our initial business combination within
the prescribed time frame. We cannot assure you that any particular target business identified by us as a potential business combination
candidate will have financial statements prepared in accordance with GAAP or that the potential target business will be able to
prepare its financial statements in accordance with the requirements outlined above. To the extent that these requirements cannot
be met, we may not be able to acquire the proposed target business. While this may limit the pool of potential business combination
candidates, we do not believe that this limitation will be material.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will be required to evaluate our internal control procedures
for the fiscal year ending December&nbsp;31, 2021 as required by the Sarbanes-Oxley&nbsp;Act. Only in the event we are deemed
to be a large accelerated filer or an accelerated filer, and no longer qualify as an emerging growth company, will we be required
to have our internal control procedures audited. A target company may not be in compliance with the provisions of the Sarbanes-Oxley&nbsp;Act
regarding adequacy of their internal controls. The development of the internal controls of any such entity to achieve compliance
with the Sarbanes-Oxley&nbsp;Act may increase the time and costs necessary to complete any such business combination. Prior to
the date of this prospectus, we will file a Registration Statement on Form 8-A&nbsp;with the SEC to voluntarily register our securities
under Section 12 of the Exchange Act. As a result, we will be subject to the rules and regulations promulgated under the Exchange
Act. We have no current intention of filing a Form 15 to suspend our reporting or other obligations under the Exchange Act prior
or subsequent to the consummation of our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will remain an emerging growth company until the earlier
of (1) the last day of the fiscal year (a) following the fifth anniversary of the completion of this offering, (b) in which we
have total annual gross revenue of at least $1.07&nbsp;billion, or (c) in which we are deemed to be a large accelerated filer,
which means the market value of our shares of Class A common stock that are held by non-affiliates&nbsp;exceeds $700&nbsp;million
as of the prior June 30<SUP>th</SUP>, and (2) the date on which we have issued more than $1.0&nbsp;billion in non-convertible&nbsp;debt
during the prior three-year&nbsp;period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Legal Proceedings</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">There is no material litigation, arbitration or governmental
proceeding currently pending against us or any members of our management team in their capacity as such.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="x_009"></A>MANAGEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Officers,&nbsp;Directors&nbsp;and&nbsp;Director&nbsp;Nominees</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Upon completion of this offering, our directors and officers
will be as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; width: 22%; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; white-space: nowrap; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 13%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Age</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; white-space: nowrap; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 61%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Position</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rajesh Soin</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">73</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chairman</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Anthony Kenney</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">66</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Executive Officer and Director Nominee</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Michael Gearhardt</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">65</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Financial Officer</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mitchell Steenrod</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">54</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director Nominee</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Donald Graber</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">77</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director Nominee</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">John Bachman</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">64</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director Nominee</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Rajesh Soin</B> has been our Chairman since July 2020. Mr.
Soin founded Modern Technologies Corporation in 1984. He led the company for 18 years as Chairman and Chief Executive Officer
before taking the company public in 2002 as MTC Technologies, Inc., where he then served as Chairman of the board. In 2008, MTCT
was sold to BAE Systems Inc. in a transaction valued at approximately $450 million. Mr. Soin continued his business career by
serving as Chairman and Chief Executive Officer of Soin LLC, a holding company that controls the Soin Family enterprises and equity
investments. In addition to his entrepreneurial experience, Mr. Soin has served on multiple public and private boards throughout
his career. Mr. Soin&#8217;s most notable board positions include: Diebold Nixdorf from 2012 to 2018, Kayne Anderson Real Estate
Partners Funds II and III from 2013 to present, and Transtar Industries from 2017 to present. Mr. Soin graduated from Delhi Technological
University with a degree in mechanical engineering and received his Master&#8217;s degree in Industrial Engineering from Bradley
University. He successfully completed advanced management programs at Harvard University and The Wharton School of the University
of Pennsylvania. We believe that Mr. Soin is qualified to serve on our board of directors due to his extensive background and
experience as an executive, and his global network of business contacts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Anthony Kenney</B> has been our CEO since July 2020. Mr.
Kenney began his 43-year career with MPC in 1976. In 1990, he transitioned to Emro Marketing Company, the predecessor of Speedway
LLC. He served as Emro&rsquo;s commercial manager, controller, and treasurer, and went on to be appointed Vice-President, Finance;
Controller; and Treasurer in 1995. From 1998 through 2000, he was Vice-President, Finance and ITS for Speedway SuperAmerica. Mr.
Kenney was named Vice-President, Business Development of Marathon Ashland Petroleum in 2001 and in 2005 was named President, Speedway
SuperAmerica, which changed its name to Speedway LLC in February 2011. During Mr. Kenney&rsquo;s tenure as President of Speedway,
the company grew from primarily a nine-state Midwest convenience store chain with approximately 1,600 locations to the nation&rsquo;s
second largest company owned and operated C-Store chain. Upon Mr. Kenney&rsquo;s retirement in January of 2020, Speedway had grown
to nearly 4,000 stores across the United States with greater than $20 billion in annual sales and more than 35,000 employees.
Mr. Kenney oversaw the company&rsquo;s organic and inorganic growth strategy, including two 1,000+ store acquisitions. Mr. Kenney
graduated with a Bachelor of Science degree in accounting from Miami University in 1976. In 2000, he attended the Executive Program
at the University of Michigan School Of Business. We believe that Mr. Kenney is qualified to serve as a member of our board of
directors due to his extensive leadership experience and excellent acquisition track record.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Mike Gearhardt</B> has been our CFO since July 2020. Mr.
Gearhardt began his career with Dayco / Mark IV Industries, serving in a variety of finance and managerial roles. In 1998, Mr.
Gearhardt was appointed to the position of Executive Vice President of the Industrial Division. During his tenure as Executive
Vice President, Mr. Gearhardt participated in acquisitions and divestitures, and was a member of the team that led the company&rsquo;s
$2 billion sale to BC Partners &ndash; a European buyout firm &ndash; in 2000. From 2003 to 2008, Mr. Gearhardt served as Executive
Vice President and CFO of MTCT, where he closed several acquisitions and worked directly with the CEO on strategic initiatives.
He led the sale of the company to BAE in 2008; the transaction was valued at $450 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Mitchell Steenrod</B> will serve as one of our directors
upon the effectiveness of the registration statement of which this prospectus forms a part. Mr. Steenrod joined the board of CarMax,
Inc. in 2011 and currently serves as lead independent director. Mr. Steenrod is the retired Senior Vice President and Chief Financial
Officer of Pilot Travel Centers LLC (doing business as &ldquo;Pilot Flying J&rdquo;), the nation&rsquo;s largest operator of travel
centers (&ldquo;Pilot&rdquo;). Subsequent to a 13-year career holding various positions in the accounting organization with Marathon
Oil Company and Marathon Ashland Petroleum LLC, Mr. Steenrod joined Pilot in 2001 as controller and treasurer. In 2004, Mr. Steenrod
was promoted to Senior Vice President and Chief Financial Officer and held this position until his retirement in 2018. During
his tenure with Marathon Ashland Petroleum LLC and Pilot, Mr. Steenrod participated in several large acquisitions and business
combinations. The first was the joint venture formation between Marathon Oil Company and Ashland Petroleum Company to form Marathon
Ashland Petroleum LLC in which he served as the lead financial analyst on behalf of Marathon Oil Company. The second was the merger
of the Pilot branded travel centers with Speedway branded travel centers (owned by Marathon Ashland Petroleum LLC) to form Pilot.
In 2003, Mr. Steenrod was instrumental in acquiring 60 travel centers from The Williams Company on behalf of Pilot. In 2010, Mr.
Steenrod led all facets of the merger of Pilot and Flying J, Inc. to form the nation&rsquo;s largest travel center operator. Mr.
Steenrod was named as a defendant in his capacity as Chief Financial Officer of Pilot, in four class action lawsuits filed in
2013 arising out of a criminal investigation by the United States Attorney for the Eastern District of Tennessee over an allegedly
fraudulent scheme by Pilot to reduce and/or withhold rebates and/or discounts for diesel fuel which Pilot allegedly owed to certain
consumers. The civil litigations were settled in 2013 and the criminal investigation of Pilot concluded pursuant to a settlement
and non-prosecution agreement. Mr. Steenrod was never charged with any crime, and the testimony elicited during criminal trials
of Pilot executives demonstrated that they deliberately kept Mr. Steenrod from learning of the scheme. We believe that Mr. Steenrod
is qualified to serve on our board due to his extensive experience in leadership roles.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Donald Graber</B> will serve as one of our directors upon
the effectiveness of the registration statement of which this prospectus forms a part. Mr. Graber joined the Precision Castparts
Corporation (PCC) Board in 1995 when the company generated $400 million in revenue. Over the next 21 years the company grew to
over $10 billion in revenue via organic and very aggressive acquisitive growth. PCC consolidated the supplier side of the aerospace
industry by becoming the leading supplier of castings, forgings, fasteners, and certain airframe components used in both jet engines
and commercial &amp; defense airplane construction. PCC was sold to Berkshire Hathaway for $37.2 billion, which was Berkshire
Hathaway&#8217;s largest acquisition to that point in time. Mr. Graber served as the lead director of PCC for three years, chaired
the Nominating &amp; Governance Committee, and served on the Compensation Committee during his time on the board. Mr. Graber&#8217;s
other notable board positions include: MTCT from 2002 to 2008, Amcast Industrial Corporation from 2001 to 2003 and Huffy Corporation
from 1996 to 2004, where he also served as Chairman &amp; CEO. We believe that Mr. Graber is qualified to serve on our board due
to his extensive experience in leadership roles.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>John Bachman</B> will serve as one of our directors upon
the effectiveness of the registration statement of which this prospectus forms a part. After Mr. Bachman received his MBA from
Harvard Business School in 1988, he became an Assurance Partner at PwC. As an Assurance Partner, Mr. Bachman led financial and
accounting due diligence on deals. In 2004, Mr. Bachman was named the U.S. Strategy Leader for PwC. In this role, Mr. Bachman
created a strategic planning process using a multi-faceted approach across the matrix organization focusing on business units,
geographies, and industries. In 2007, Mr. Bachman was selected to be the Chief Operating Officer of PwC&#8217;s audit and risk
management practice in the United States, which represented over 50% of PwC&#8217;s revenue. In addition to his career with PwC,
Mr. Bachman has also served on the Board of Directors for four public companies: The Children&#8217;s Place from 2016 to present,
WEX Inc. from 2016 to present, Grocery Outlet Holding Corp. from 2019 to present and SCANA Corporation from 2018-2019. We believe
Mr. Bachman is well qualified to serve on our board due to his deep financial background and extensive experience in leadership
roles.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Number and Terms&nbsp;of Office of Officers and Directors</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will have five directors upon completion of this offering.
Our board of directors will be divided into two classes with only one class of directors being elected in each year and each class
(except for those directors appointed prior to our first annual meeting of stockholders) serving a two-year&nbsp;term. In accordance
with Nasdaq corporate governance requirements, we are not required to hold an annual meeting until one full year after our first
fiscal year end following our listing on Nasdaq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The term of office of the first class of directors, consisting
of Messrs. Steenrod, Bachman and Graber will expire at our first annual meeting of stockholders. The term of office of the second
class of directors, consisting of Messrs. Soin and Kenney, will expire at the second annual meeting of stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our officers are appointed by the board of directors and serve
at the discretion of the board of directors, rather than for specific terms of office. Our board of directors is authorized to
appoint persons to the offices set forth in our bylaws as it deems appropriate. Our bylaws provide that our officers may consist
of a Chairman of the Board, Chief Executive Officer, Chief Financial Officer, President, Vice Presidents, Secretary, Treasurer,
Assistant Secretaries and such other offices as may be determined by the board of directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Director Independence</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NASDAQ listing standards require that a majority of our board
of directors be independent. An &#8220;independent director&#8221; is defined generally as a person other than an officer or employee
of the company or its subsidiaries or any other individual having a relationship which in the opinion of the company&#8217;s board
of directors, would interfere with the director&#8217;s exercise of independent judgment in carrying out the responsibilities
of a director. Our board of directors has determined that Messrs. Steenrod, Bachman and Graber are &#8220;independent directors&#8221;
as defined in Nasdaq listing standards and applicable SEC rules. Our independent directors will have regularly scheduled meetings
at which only independent directors are present.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Officer and Director Compensation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">None of our officers has received any cash compensation for
services rendered to us. Commencing on the date of this prospectus, we have agreed to pay our sponsor a total
of $10,000 per month for office space, utilities and secretarial and administrative support. Upon completion of our initial business
combination or our liquidation, we will cease paying these monthly fees. Other than as set forth elsewhere in this prospectus,
no compensation of any kind, including any finder&#8217;s fee, reimbursement, consulting fee or monies in respect of any payment
of a loan, will be paid by us to our officers and directors prior to, or in connection with any services rendered in order to
effectuate, the consummation of our initial business combination (regardless of the type of transaction that it is). However,
these individuals will be reimbursed for any out-of-pocket&nbsp;expenses incurred in connection with activities on our behalf
such as identifying potential target businesses and performing due diligence on suitable business combinations. We do not have
a policy that prohibits our sponsor, executive officers or directors, or any of their respective affiliates, from negotiating
for the reimbursement of out-of-pocket&nbsp;expenses by a target business. Our audit committee will review on a quarterly basis
all payments that were made to our sponsor, officers or directors, or our or their affiliates. Any such payments prior to an initial
business combination will be made using funds held outside the trust account. Other than quarterly audit committee review of such
payments, we do not expect to have any additional controls in place governing our reimbursement payments to our directors and
executive officers for their out-of-pocket&nbsp;expenses incurred in connection with identifying and consummating an initial business
combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">After the completion of our initial business combination, directors
or members of our management team who remain with us may be paid consulting or management fees from the combined company. All
of these fees will be fully disclosed to stockholders, to the extent then known, in the proxy solicitation materials or tender
offer documents furnished to our stockholders in connection with a proposed initial business combination. We have not established
any limit on the amount of such fees that may be paid by the combined company to our directors or members of management. It is
unlikely the amount of such compensation will be known at the time of the proposed initial business combination, because the directors
of the post-combination&nbsp;business will be responsible for determining officer and director compensation. Any compensation
to be paid to our officers will be determined, or recommended to the board of directors for determination, either by a compensation
committee constituted solely by independent directors or by a majority of the independent directors on our board of directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We do not intend to take any action to ensure that members
of our management team maintain their positions with us after the consummation of our initial business combination, although it
is possible that some or all of our officers and directors may negotiate employment or consulting arrangements to remain with
us after our initial business combination. The existence or terms of any such employment or consulting arrangements to retain
their positions with us may influence our management&#8217;s motivation in identifying or selecting a target business but we do
not believe that the ability of our management to remain with us after the consummation of our initial business combination will
be a determining factor in our decision to proceed with any potential business combination. We are not party to any agreements
with our officers and directors that provide for benefits upon termination of employment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Committees of&nbsp;the Board of Directors</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our board of directors will have two standing committees: an
audit committee and a compensation committee. Subject to phase-in&nbsp;rules and a limited exception, NASDAQ rules and Rule 10A-3&nbsp;of
the Exchange Act require that the audit committee of a listed company be comprised solely of independent directors, and NASDAQ
rules require that the compensation committee of a listed company each be comprised solely of independent directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Audit Committee</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Prior to the consummation of this offering, we will establish
an audit committee of our board of directors. Messrs.&nbsp;Steenrod, Bachman and Graber will serve as members of our audit committee,
and Mr.&nbsp;Bachman will chair the audit committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Under Nasdaq listing standards and applicable SEC rules, we
are required to have at least three members of the audit committee, all of whom must be independent. Each of Messrs. Steenrod,
Bachman and Graber meet the independent director standard under NASDAQ listing standards and under Rule 10-A-3(b)(1) of the Exchange
Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Each member of the audit committee is financially literate
and our board of directors has determined that Mr.&nbsp;Bachman qualifies as an &#8220;audit committee financial expert&#8221;
as defined in applicable SEC rules.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will adopt an audit committee charter, which will detail
the principal functions of the audit committee, including:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#8226;</TD><TD STYLE="text-align: justify">the appointment,
                                         compensation, retention, replacement, and oversight of the work of the independent registered
                                         public accounting firm engaged by us;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#8226;</TD><TD STYLE="text-align: justify">pre-approving&nbsp;all
                                         audit and permitted non-audit&nbsp;services to be provided by the independent registered
                                         public accounting firm engaged by us, and establishing pre-approval&nbsp;policies and
                                         procedures;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#8226;</TD><TD STYLE="text-align: justify">setting
                                         clear hiring policies for employees or former employees of the independent registered
                                         public accounting firm, including but not limited to, as required by applicable laws
                                         and regulations;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#8226;</TD><TD STYLE="text-align: justify">setting
                                         clear policies for audit partner rotation in compliance with applicable laws and regulations;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#8226;</TD><TD STYLE="text-align: justify">obtaining
                                         and reviewing a report, at least annually, from the independent registered public accounting
                                         firm describing (i) the independent registered public accounting firm&#8217;s internal
                                         quality-control&nbsp;procedures, (ii)&nbsp;any material issues raised by the most recent
                                         internal quality-control&nbsp;review, or peer review, of the audit firm, or by any inquiry
                                         or investigation by governmental or professional authorities within the preceding five
                                         years respecting one or more independent audits carried out by the firm and any steps
                                         taken to deal with such issues and (iii) all relationships between the independent registered
                                         public accounting firm and us to assess the independent registered public accounting
                                         firm&#8217;s independence;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#8226;</TD><TD STYLE="text-align: justify">reviewing
                                         and approving any related party transaction required to be disclosed pursuant to Item
                                         404 of Regulation S-K&nbsp;promulgated by the SEC prior to us entering into such transaction;
                                         and</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#8226;</TD><TD STYLE="text-align: justify">reviewing
                                         with management, the independent registered public accounting firm, and our legal advisors,
                                         as appropriate, any legal, regulatory or compliance matters, including any correspondence
                                         with regulators or government agencies and any employee complaints or published reports
                                         that raise material issues regarding our financial statements or accounting policies
                                         and any significant changes in accounting standards or rules promulgated by the Financial
                                         Accounting Standards Board, the SEC or other regulatory authorities.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Compensation Committee</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Prior to the consummation of this offering, we will establish
a compensation committee of our board of directors. Messrs. Steenrod, Bachman and Graber will serve as members of our compensation
committee. Under Nasdaq listing standards and applicable SEC rules, we are required to have at least two members of the compensation
committee, all of whom must be independent. Messrs. Steenrod, Bachman and Graber are independent and Mr.&nbsp;Steenrod will chair
the compensation committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will adopt a compensation committee charter, which will
detail the principal functions of the compensation committee, including:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#8226;</TD><TD STYLE="text-align: justify">reviewing
                                         and approving on an annual basis the corporate goals and objectives relevant to our Chief
                                         Executive Officer&#8217;s compensation, if any is paid by us, evaluating our Chief Executive
                                         Officer&#8217;s performance in light of such goals and objectives and determining and
                                         approving the remuneration (if any) of our Chief Executive Officer based on such evaluation;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#8226;</TD><TD STYLE="text-align: justify">reviewing
                                         and approving on an annual basis the compensation, if any is paid by us, of all of our
                                         other officers;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#8226;</TD><TD STYLE="text-align: justify">reviewing
                                         on an annual basis our executive compensation policies and plans;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#8226;</TD><TD STYLE="text-align: justify">implementing
                                         and administering our incentive compensation equity-based&nbsp;remuneration plans;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#8226;</TD><TD STYLE="text-align: justify">assisting
                                         management in complying with our proxy statement and annual report disclosure requirements;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#8226;</TD><TD STYLE="text-align: justify">approving
                                         all special perquisites, special cash payments and other special compensation and benefit
                                         arrangements for our officers and employees;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#8226;</TD><TD STYLE="text-align: justify">if required,
                                         producing a report on executive compensation to be included in our annual proxy statement;
                                         and</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#8226;</TD><TD STYLE="text-align: justify">reviewing,
                                         evaluating and recommending changes, if appropriate, to the remuneration for directors.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Notwithstanding the foregoing, as indicated above, other than
the payment to our sponsor of $10,000 per month, for up to 24 months, for office space, utilities and secretarial
and administrative support, reimbursement of expenses, no compensation of any kind, including finders, consulting or other similar
fees, will be paid to any of our existing stockholders, officers, directors or any of their respective affiliates, prior to, or
for any services they render in order to effectuate the consummation of an initial business combination. Accordingly, it is likely
that prior to the consummation of an initial business combination, the compensation committee will only be responsible for the
review and recommendation of any compensation arrangements to be entered into in connection with such initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The charter will also provide that the compensation committee
may, in its sole discretion, retain or obtain the advice of a compensation consultant, legal counsel or other adviser and will
be directly responsible for the appointment, compensation and oversight of the work of any such adviser. However, before engaging
or receiving advice from a compensation consultant, external legal counsel or any other adviser, the compensation committee will
consider the independence of each such adviser, including the factors required by Nasdaq and the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Director Nominations</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We do not have a standing nominating committee, though we intend
to form a corporate governance and nominating committee as and when required to do so by law or NASDAQ rules. In accordance with
Rule 5605 of the NASDAQ rules, a majority of the independent directors may recommend a director nominee for selection by the board
of directors. The board of directors believes that the independent directors can satisfactorily carry out the responsibility of
properly selecting or approving director nominees without the formation of a standing nominating committee. The directors who
will participate in the consideration and recommendation of director nominees are Messrs. Steenrod, Bachman and Graber. In accordance
with Rule 5605 of the Nasdaq rules, all such directors are independent. As there is no standing nominating committee, we do not
have a nominating committee charter in place.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The board of directors will also consider director candidates
recommended for nomination by our stockholders during such times as they are seeking proposed nominees to stand for election at
the next annual meeting of stockholders (or, if applicable, a special meeting of stockholders). Our stockholders that wish to
nominate a director for election to our board of directors should follow the procedures set forth in our bylaws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We have not formally established any specific, minimum qualifications
that must be met or skills that are necessary for directors to possess. In general, in identifying and evaluating nominees for
director, the board of directors considers educational background, diversity of professional experience, knowledge of our business,
integrity, professional reputation, independence, wisdom, and the ability to represent the best interests of our stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Compensation Committee Interlocks and Insider Participation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">None of our officers currently serves, or in the past year
has served, as a member of the compensation committee of any entity that has one or more officers serving on our board of directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Code of&nbsp;Ethics</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Prior to the consummation of this offering, we will have adopted
a Code of Ethics applicable to our directors, officers and employees. We will file a copy of our Code of Ethics and our audit
and compensation committee charters as exhibits to the registration statement of which this prospectus is a part. You will be
able to review these documents by accessing our public filings at the SEC&#8217;s web site at&nbsp;<I>www.sec.gov</I>. In addition,
a copy of the Code of Ethics will be provided without charge upon request from us. We intend to disclose any amendments to or
waivers of certain provisions of our Code of Ethics in a Current Report on Form 8-K. See the section of this prospectus entitled
 &#8220;Where You Can Find Additional Information.&#8221;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Corporate Governance Guidelines</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our board of directors will adopt corporate governance guidelines
in accordance with the corporate governance rules of Nasdaq that serve as a flexible framework within which our board of directors
and its committees operate. These guidelines will cover a number of areas including board membership criteria and director qualifications,
director responsibilities, board agenda, roles of the chairman of the board, chief executive officer and presiding director, meetings
of independent directors, committee responsibilities and assignments, board member access to management and independent advisors,
director communications with third parties, director compensation, director orientation and continuing education, evaluation of
senior management and management succession planning. A&nbsp;copy of our corporate governance guidelines will be posted on our
website.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Conflicts of Interest</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Affiliates of our management team may compete with us for business
combination opportunities. If these entities decide to pursue any such opportunity, we may be precluded from procuring such opportunities.
In addition, investment ideas generated within affiliates of our management team may be suitable for both us and for another entity
and may be directed to such entity rather than to us. Members of our management team who are also employed by such entities have
no obligation to present us with any opportunity for a potential business combination of which they become aware, unless presented
to such member solely in his or her capacity as an officer of the company. Members of our management team, in their capacities
as employees or principals of their affiliates or in their other endeavors, currently are required to present certain investment
opportunities and potential business combinations to the various related entities described above, or third parties, before they
present such opportunities to us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Each of our officers and directors presently has, and any of
them in the future may have additional, fiduciary or contractual obligations to other entities pursuant to which such officer
or director is or will be required to present a business combination opportunity. Accordingly, if any of our officers or directors
becomes aware of a business combination opportunity which is suitable for an entity to which he or she has then-current&nbsp;fiduciary
or contractual obligations to present the opportunity to such entity, he or she will honor his or her fiduciary or contractual
obligations to present such opportunity to such entity. We believe, however, that the fiduciary duties or contractual obligations
of our officers or directors will not materially affect our ability to complete our initial business combination, as we believe
any such opportunities presented would be smaller than what we are interested in, or to entities that are not themselves in the
business of engaging in business combinations. Our amended and restated certificate of incorporation will provide that we renounce
our interest in any corporate opportunity offered to any director or officer unless such opportunity is expressly offered to such
person solely in his or her capacity as a director or officer of our company and such opportunity is one we are legally and contractually
permitted to undertake and would otherwise be reasonable for us to pursue, and to the extent the director or officer is permitted
to refer that opportunity to us without violating another legal obligation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Potential investors should also be aware of the following other
potential conflicts of interest:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#8226;</TD><TD STYLE="text-align: justify">None of
                                         our officers or directors is required to commit his or her full time to our affairs and,
                                         accordingly, may have conflicts of interest in allocating his or her time among various
                                         business activities.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#8226;</TD><TD STYLE="text-align: justify">In the
                                         course of their other business activities, our officers and directors may become aware
                                         of investment and business opportunities which may be appropriate for presentation to
                                         us, as well as the other entities with which they are affiliated. Our management may
                                         have conflicts of interest in determining to which entity a particular business opportunity
                                         should be presented.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#8226;</TD><TD STYLE="text-align: justify">Our initial
                                         stockholders have agreed to waive their redemption rights with respect to any founder
                                         shares and any public shares held by them in connection with the consummation of our
                                         initial business combination. Additionally, our initial stockholders have agreed to waive
                                         their redemption rights with respect to any founder&nbsp;shares held by them if&nbsp;we
                                         fail to consummate our initial business combination within 24&nbsp;months after the closing
                                         of this offering. If we do not&nbsp;complete our initial business combination within
                                         such applicable time period,&nbsp;the proceeds of the sale of the private placement warrants
                                         held&nbsp;in the trust account will be used to fund the redemption&nbsp;of our public
                                         shares, and the private placement warrants will&nbsp;expire worthless. With certain limited
                                         exceptions, the founder shares will&nbsp;not be transferable, assignable by our sponsor
                                         until the earlier of:&nbsp;(A) one year after the completion of our initial business
                                         combination&nbsp;or (B) subsequent to our initial business combination, (x) if the&nbsp;reported
                                         closing price of our Class A common stock equals&nbsp;or exceeds $12.00 per share (as
                                         adjusted for stock splits, stock&nbsp;dividends, reorganizations, recapitalizations and
                                         the like) for any 20 trading days&nbsp;within any 30 &#8212; trading day period commencing
                                         at least 150 days&nbsp;after our initial business combination, or (y) the date on which&nbsp;we
                                         complete a liquidation, merger, capital stock exchange, reorganization&nbsp;or other
                                         similar transaction that results in all of our stockholders&nbsp;having the right to
                                         exchange their shares of common stock&nbsp;for cash, securities or other property. With
                                         certain limited exceptions,&nbsp;the private placement warrants and the Class A common
                                         stock underlying&nbsp;such warrants, will not be transferable, assignable or saleable
                                         by&nbsp;our sponsor or its permitted transferees until 30 days after the completion&nbsp;of
                                         our initial business combination. Since our sponsor and officers and directors&nbsp;may
                                         directly or indirectly own common stock and warrants following&nbsp;this offering, our
                                         officers and directors may have a conflict of&nbsp;interest in determining whether a
                                         particular target business is an appropriate&nbsp;business with which to effectuate our
                                         initial business combination.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#8226;</TD><TD STYLE="text-align: justify">Our officers
                                         and directors may have a conflict of interest with respect to evaluating a particular
                                         business combination if the retention or resignation of any such officers and directors
                                         was included by a target business as a condition to any agreement with respect to our
                                         initial business combination.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#8226;</TD><TD STYLE="text-align: justify">Our sponsor,
                                         officers or directors may have a conflict of interest with respect to evaluating a business
                                         combination and financing arrangements as we may obtain loans from our sponsor or an
                                         affiliate of our sponsor or any of our officers or directors to finance transaction costs
                                         in connection with an intended initial business combination. Up to $1,500,000 of such
                                         loans may be convertible into warrants at a price of $1.00 per warrant at the option
                                         of the lender. Such warrants would be identical to the private placement warrants, including
                                         as to exercise price, exercisability and exercise period.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The conflicts described above may not be resolved in our favor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In general, officers and directors of a corporation incorporated
under the laws of the State of Delaware are required to present business opportunities to a corporation if:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#8226;</TD><TD STYLE="text-align: justify">the corporation
                                         could financially undertake the opportunity;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#8226;</TD><TD STYLE="text-align: justify">the opportunity
                                         is within the corporation&#8217;s line of business; and</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#8226;</TD><TD STYLE="text-align: justify">it would
                                         not be fair to our company and its stockholders for the opportunity not to be brought
                                         to the attention of the corporation.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Accordingly, as a result of multiple business affiliations,
our officers and directors may have similar legal obligations relating to presenting business opportunities meeting the above-listed&nbsp;criteria
to multiple entities. Furthermore, our amended and restated certificate of incorporation will provide that we renounce our interest
in any corporate opportunity offered to any director or officer unless such opportunity is expressly offered to such person solely
in his or her capacity as a director or officer of our company and such opportunity is one we are legally and contractually permitted
to undertake and would otherwise be reasonable for us to pursue, and to the extent the director or officer is permitted to refer
that opportunity to us without violating another legal obligation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Below is a table summarizing the entities to which our officers,
directors and director nominees currently have fiduciary duties or contractual obligations:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; width: 23%; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Individual<SUP>(1)(2)</SUP></B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; white-space: nowrap; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 23%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Entity<SUP>(3)</SUP></B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; white-space: nowrap; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt; width: 23%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Entity&#8217;s&nbsp;Business</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; white-space: nowrap; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 25%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Affiliation</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rajesh Soin</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Soin LLC</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Family office</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chairman and Chief
    Executive Officer</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Kayne Anderson Real
    Estate Partners Fund II</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Real estate</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>

<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Kayne Anderson Real
    Estate Partners Fund III<B><SUP>(2)</SUP></B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Real estate</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-bottom: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Transtar
    Industries</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Automotive Part
    Manufacturer</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mitchell Steenrod</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-top: 8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CarMax, Inc.</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-top: 8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Automotive Superstore</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-top: 8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">John Bachman</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Children&#8217;s Place</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Children&#8217;s apparel</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 8pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-top: 8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WEX Inc.</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-top: 8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Payment Processing</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-top: 8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Grocery Outlet Holding Corp.</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Grocery Outlets</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD></TR>
</TABLE>

<P STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt"></DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 24pt; text-align: left">(1)</TD><TD STYLE="text-align: justify">Each of the entities
                                         listed in this table has priority and preference relative to us with respect to the performance
                                         by each individual listed in this table of his obligations and the presentation by each
                                         such individual of business opportunities.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 24pt">(2)</TD><TD>Our Chief Executive Officer, Anthony Kenney, is a party to an agreement
                                         with MPC which contains non-competition and non-solicitation provisions in effect until
                                         January 3, 2021, and confidentiality obligations that continue indefinitely. Absent a
                                         waiver, Mr. Kenney will be restricted until January 3, 2021 from, among other things,
                                         serving as an officer, director owner, contractor, consultant, or employee of a business
                                         that is competitive with that of MPC or its subsidiaries (the &ldquo;Competing Business&rdquo;).
                                         In light of this agreement, we will not seek to consummate an initial business combination
                                         prior to January 3, 2021 with any target that operates a Competing Business, unless Mr.
                                         Kenney is granted a waiver. No assurance can be given that any such waiver will be granted
                                         if requested. In addition, MPC may not agree with any determination we make that a target
                                         business is not engaged in a Competing Business. Any dispute associated with the non-competition
                                         agreement could be time consuming and costly and could distract our management&rsquo;s
                                         focus from locating suitable acquisition candidates and operating our business. We do
                                         not believe that such restrictions will impact our ability to consummate our business
                                         combination because such restrictions are set to expire within a few months of the closing
                                         of this offering.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 24pt; text-align: left">(3)</TD><TD STYLE="text-align: justify">Such person is a director
                                         of the indicated entity and/or its portfolio companies, and may be obligated to show
                                         acquisitions to such entity or entities before we may pursue such acquisitions.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Accordingly, if any of the above executive officers, directors
or director nominees becomes aware of a business combination opportunity which is suitable for any of the above entities to which
he has current fiduciary or contractual obligations, he will honor his fiduciary or contractual obligations to present such business
combination opportunity to such entity, and only present it to us if such entity rejects the opportunity. We do not believe, however,
that any of the foregoing fiduciary duties or contractual obligations will materially affect our ability to complete our initial
business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are not prohibited from pursuing an initial business combination
with a company that is affiliated with our sponsor, officers or directors. In the event we seek to complete our initial business
combination with such a company, we, or a committee of independent directors, would obtain an opinion from an independent investment
banking firm or another independent entity that commonly renders valuation opinions, that such an initial business combination
is fair to our company from a financial point of view.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our officers and directors may become an officer or director
of any another special purpose acquisition company with a class of securities intended to be registered under the Exchange Act,
prior to the completion of our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In the event that we submit our initial business combination
to our public stockholders for a vote, pursuant to the letter agreement, our sponsor, officers and directors have agreed to vote
any founder shares held by them and any public shares purchased during or after the offering (including in open market and privately-negotiated&nbsp;transactions)
in favor of our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Limitation on Liability and Indemnification of Officers
and Directors</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our amended and restated certificate of incorporation will
provide that our officers and directors will be indemnified by us to the fullest extent authorized by Delaware law, as it now
exists or may in the future be amended. In addition, our amended and restated certificate of incorporation will provide that our
directors will not be personally liable for monetary damages to us or our stockholders for breaches of their fiduciary duty as
directors, unless they violated their duty of loyalty to us or our stockholders, acted in bad faith, knowingly or intentionally
violated the law, authorized unlawful payments of dividends, unlawful stock purchases or unlawful redemptions, or derived an improper
personal benefit from their actions as directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will enter into agreements with our officers and directors
to provide contractual indemnification in addition to the indemnification provided for in our amended and restated certificate
of incorporation. Our bylaws also will permit us to secure insurance on behalf of any officer, director or employee for any liability
arising out of his or her actions, regardless of whether Delaware law would permit such indemnification. We will purchase a policy
of directors&#8217; and officers&#8217; liability insurance that insures our officers and directors against the cost of defense,
settlement or payment of a judgment in some circumstances and insures us against our obligations to indemnify our officers and
directors. Except with respect to any public shares they may acquire in this offering or thereafter (in the event we do not consummate
an initial business combination), our officers and directors have agreed to waive (and any other persons who may become an officer
or director prior to the initial business combination will also be required to waive) any right, title, interest or claim of any
kind in or to any monies in the trust account, and not to seek recourse against the trust account for any reason whatsoever, including
with respect to such indemnification.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">These provisions may discourage stockholders from bringing
a lawsuit against our directors for breach of their fiduciary duty. These provisions also may have the effect of reducing the
likelihood of derivative litigation against officers and directors, even though such an action, if successful, might otherwise
benefit us and our stockholders. Furthermore, a stockholder&#8217;s investment may be adversely affected to the extent we pay
the costs of settlement and damage awards against officers and directors pursuant to these indemnification provisions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We believe that these provisions, the directors&#8217; and
officers&#8217; liability insurance and the indemnity agreements are necessary to attract and retain talented and experienced
officers and directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="x_010"></A>PRINCIPAL&nbsp;STOCKHOLDERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following table sets forth information regarding the beneficial
ownership of our common stock as of the date of this prospectus, and as adjusted to reflect the sale of our common stock included
in the units offered by this prospectus, and assuming no purchase of units in this offering, by:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;each
person known by us to be the beneficial owner of more than 5% of our outstanding shares of common stock;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;each
of our executive officers, directors and director nominees; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all
our executive officers, directors and director nominees as a group.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Unless otherwise indicated, we believe that all persons named
in the table have sole voting and investment power with respect to all shares of common stock beneficially owned by them. The
following table does not reflect record or beneficial ownership of the private placement warrants as these warrants are not exercisable
within 60 days of the date of this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In July 2020, our sponsor purchased 5,750,000 founder shares
(up to an aggregate of 750,000&nbsp;shares of which are subject to forfeiture depending on the extent to which the underwriters&#8217;
over-allotment&nbsp;option is exercised. The following table presents the number of shares and percentage of our common stock
owned by our initial stockholders before and after this offering. The post-offering&nbsp;numbers and percentages presented assume
that the underwriters do not exercise their over-allotment&nbsp;option, that our sponsor forfeits an aggregate 750,000 founder
shares on a&nbsp;<I>pro rata&nbsp;</I>basis, and that there are 25,000,000&nbsp;shares of our common stock, consisting of (i)
20,000,000&nbsp;shares of our Class&nbsp;A common stock and (ii) 5,000,000&nbsp;shares of our Class B common stock, issued and
outstanding after this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Before&nbsp;Offering</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">After&nbsp;Offering</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name&nbsp;and&nbsp;Address&nbsp;of&nbsp;Beneficial&nbsp;Owner<SUP>(1)</SUP></B></FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Number
    of<BR> Shares Beneficially Owned<SUP>(2)</SUP></B></FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Approximate
    Percentage&nbsp;of Outstanding Common Stock</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Number
    of<BR> Shares Beneficially Owned<SUP>(2)</SUP></B></FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Approximate
    Percentage of Outstanding Common Stock</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SKG
    Sponsor LLC<SUP>(3)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">100.0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">20.0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rajesh
    Soin<SUP>(3)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">100.0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">20.0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Anthony
    Kenney<SUP>(3)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Michael
    Gearhardt<SUP>(3)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mitchell
    Steenrod<SUP>(3)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Donald
    Graber<SUP>(3)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">John
    Bachman<SUP>(3)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 12%">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-size: 10pt; width: 1%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 12%">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 12%">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-size: 10pt; width: 1%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 12%">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">All&nbsp;executive&nbsp;officers&nbsp;and&nbsp;directors&nbsp;as&nbsp;a&nbsp;group&nbsp;(6
    individuals)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">100.0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">20.0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<P STYLE="margin-top: 0; margin-bottom: 0"></P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(1)</TD><TD STYLE="text-align: left">Unless otherwise
                                         noted, the business address of each of the following entities or individuals is c/o Recharge
                                         Acquisition Corp., 1900 Main Street, Ste. 201, Sarasota, FL 34236.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(2)</TD><TD STYLE="text-align: left">Interests
                                         shown consist solely of founder shares, classified as shares of Class B common stock.
                                         Such shares are convertible into shares of Class A common stock on a one-for-one&nbsp;basis,
                                         subject to adjustment, as described in the section of this prospectus entitled &#8220;Description
                                         of Securities.&#8221;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(3)</TD><TD STYLE="text-align: left">Our
                                         sponsor is the record holder of such shares. Mr. Soin is the managing member of our sponsor,
                                         and as such, has voting and investment discretion with respect to the common stock held
                                         of record by our sponsor and may be deemed to have shared beneficial ownership of the
                                         common stock held directly by our sponsor. Each of our officers and directors (or trusts
                                         for the benefit of their family members) holds a direct or indirect interest in our sponsor.
                                         Each such person disclaims any beneficial ownership of the reported shares other than
                                         to the extent of any pecuniary interest they may have therein, directly or indirectly.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Immediately after this offering, our initial stockholders will
beneficially own 20% of the then-issued&nbsp;and outstanding shares of our common stock (assuming they do not purchase any units
in this offering). If we increase or decrease the size of the offering, we will effect a stock dividend or a share contribution
back to capital, or other appropriate mechanism, as applicable, with respect to our Class B common stock immediately prior to
the consummation of the offering in such amount as to maintain the ownership of our initial stockholders at 20% of the issued
and outstanding shares of our common stock upon the consummation of this offering. Because of this ownership block, our initial
stockholders may be able to effectively influence the outcome of all matters requiring approval by our stockholders, including
the election of directors, amendments to our amended and restated certificate of incorporation and approval of significant corporate
transactions, including approval of our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The holders of the founder shares have agreed (A) to vote any
shares owned by them in favor of any proposed initial business combination and (B) not to redeem any shares in connection with
a stockholder vote to approve a proposed initial business combination or in connection with a stockholder vote to approve an amendment
to our amended and restated certificate of incorporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our sponsor and our executive officers and directors are deemed
to be our &#8220;promoters&#8221; as such term is defined under the federal securities laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Restrictions on Transfers of Founder Shares and&nbsp;Private
Placement Warrants</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The founder shares, private placement warrants and any shares
of Class A common stock issued upon conversion or exercise thereof are each subject to transfer restrictions pursuant to lock-up&nbsp;provisions
in a letter agreement with us to be entered into by our sponsor, officers and directors. Those lock-up&nbsp;provisions provide
that such securities are not transferable or salable (i) in the case of the founder shares, until the earlier of (A) one year
after the completion of our initial business combination or (B) subsequent to our initial business combination, (x) if the reported
closing price of our Class A common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations,
recapitalizations and the like) for any 20 trading days within any 30-trading&nbsp;day period commencing at least 150 days after
our initial business combination, or (y) the date on which we complete a liquidation, merger, capital stock exchange, reorganization
or other similar transaction that results in all of our stockholders having the right to exchange their shares of common stock
for cash, securities or other property, and (ii) in the case of the private placement warrants and the Class A common stock underlying
such warrants, until 30 days after the completion of our initial business combination, except in each case (a) to our officers
or directors, any affiliates or family members of any of our officers or directors, any members of our sponsor, or any affiliates
of our sponsor, (b) in the case of an individual, by gift to a member of one of the members of the individual&#8217;s immediate
family or to a trust, the beneficiary of which is a member of one of the individual&#8217;s immediate family, an affiliate of
such person or to a charitable organization; (c) in the case of an individual, by virtue of laws of descent and distribution upon
death of the individual; (d) in the case of an individual, pursuant to a qualified domestic relations order; (e) by private sales
or transfers made in connection with any forward purchase agreement or similar arrangement or in connection with the consummation
of an initial business combination at prices no greater than the price at which the shares or warrants were originally purchased;
(f) in the event of our liquidation prior to the completion of our initial business combination; or (g) by virtue of the laws
of Delaware or the organizational documents of our sponsor upon dissolution of our sponsor; provided, however, that in the case
of clauses (a) through (e) or (g) these permitted transferees must enter into a written agreement agreeing to be bound by these
transfer restrictions and the other restrictions contained in the letter agreement and by the same agreements entered into by
our sponsor with respect to such securities (including provisions relating to voting, the trust account and liquidation distributions
described elsewhere in this prospectus).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Registration Rights</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The holders of (i) the founder shares, which were issued in
a private placement prior to the closing of this offering, (ii) private placement warrants, which will be issued in a private
placement simultaneously with the closing of this offering and the shares of Class A common stock underlying such private placement
warrants and (iii) private placement warrants that may be issued upon conversion of working capital loans (and the securities
underlying such securities) will have registration rights to require us to register a sale of any of our securities held by them
pursuant to a registration rights agreement to be signed prior to or on the effective date of this offering. These holders of
these securities will be entitled to make up to three demands, excluding short form registration demands, that we register such
securities for sale under the Securities Act. In addition, these holders will have &#8220;piggy-back&#8221; registration rights
to include their securities in other registration statements filed by us, subject to certain limitations. We will bear the expenses
incurred in connection with the filing of any such registration statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="x_011"></A>CERTAIN RELATIONSHIPS
AND RELATED PARTY TRANSACTIONS</B></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In July 2020, our sponsor purchased 5,750,000 founder shares
(up to an aggregate of 750,000&nbsp;shares of which are subject to forfeiture depending on the extent to which the underwriters&#8217;
over-allotment&nbsp;option is exercised. The number of founder shares issued was determined based on the expectation that such
founder shares would represent 20% of the outstanding shares upon completion of this offering. If we increase or decrease the
size of the offering we will effect a stock dividend or a share contribution back to capital or other appropriate mechanism, as
applicable, with respect to our Class B common stock immediately prior to the consummation of the offering in such amount as to
maintain the ownership of our initial stockholders at 20% of the issued and outstanding shares of our common stock upon the consummation
of this offering. Up to 750,000 founder shares are subject to forfeiture by our sponsor depending on the extent to which the underwriters&#8217;
over-allotment&nbsp;option is exercised. The founder shares (including the Class A common stock issuable upon exercise thereof)
may not, subject to certain limited exceptions, be transferred, assigned or sold by the holder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our sponsor has committed, pursuant to a written agreement,
to purchase an aggregate of 5,750,000 (or 6,350,000 if the over-allotment&nbsp;option is exercised in full) private placement
warrants for a purchase price of $1.00 per warrant in a private placement that will occur simultaneously with the closing of this
offering. As such, our sponsor&#8217;s interest in this transaction is valued at between $5,750,000 and $6,350,000, depending
on the number of private placement warrants purchased. Each private placement warrant entitles the holder thereof to purchase
one share of our Class A common stock at a price of $11.50 per share. The private placement warrants (including the Class&nbsp;A
common stock issuable upon exercise thereof) may not, subject to certain limited exceptions, be transferred, assigned or sold
by the holder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Commencing on the date of this prospectus, we have agreed to
pay our sponsor a total of $10,000 per month for office space, utilities and secretarial and administrative support.
Upon completion of our initial business combination or our liquidation, we will cease paying these monthly fees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Notwithstanding the foregoing, as indicated above, other than
the payment to our sponsor of $10,000 per month, for up to 24 months, for office space, utilities and secretarial
and administrative support, reimbursement of expenses, no compensation of any kind, including any finder&#8217;s fee, reimbursement,
consulting fee or monies in respect of any payment of a loan, will be paid by us to our sponsor, officers and directors, or any
affiliate of our sponsor or officers, prior to, or in connection with any services rendered in order to effectuate, the consummation
of an initial business combination (regardless of the type of transaction that it is). However, these individuals will be reimbursed
for any out-of-pocket&nbsp;expenses incurred in connection with activities on our behalf such as identifying potential target
businesses and performing due diligence on suitable business combinations. We do not have a policy that prohibits our sponsor,
executive officers or directors, or any of their respective affiliates, from negotiating for the reimbursement of out-of-pocket&nbsp;expenses
by a target business. Our audit committee will review on a quarterly basis all payments that were made to our sponsor, officers,
directors or our or any of their affiliates and will determine which expenses and the amount of expenses that will be reimbursed.
There is no cap or ceiling on the reimbursement of out-of-pocket&nbsp;expenses incurred by such persons in connection with activities
on our behalf.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Prior to the closing of this offering, our sponsor has agreed
to loan us up to an aggregate of $300,000 to be used for a portion of the expenses of this offering. As of July 22, 2020, we had
borrowed $38,878 under such promissory notes. These loans are non-interest&nbsp;bearing, unsecured and are due at the earlier
of December 31, 2020 or the closing of this offering. The loan will be repaid upon the closing of this offering out of the estimated
$750,000 of offering proceeds that has been allocated to the payment of offering expenses (other than underwriting commissions)
not held in the trust account. The value of our sponsor&#8217;s interest in this transaction corresponds to the principal amount
outstanding under any such loan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In addition, in order to finance transaction costs in connection
with an intended initial business combination, our sponsor or an affiliate of our sponsor or certain of our officers and directors
may, but are not obligated to, loan us funds as may be required. If we complete an initial business combination, we would repay
such loaned amounts. In the event that the initial business combination does not close, we may use a portion of the working capital
held outside the trust account to repay such loaned amounts but no proceeds from our trust account would be used for such repayment.
Up to $1,500,000 of such loans may be convertible into warrants at a price of $1.00 per warrant at the option of the lender. The
warrants would be identical to the private placement warrants, including as to exercise price, exercisability and exercise period.
The terms of such loans by our officers and directors, if any, have not been determined and no written agreements exist with respect
to such loans. We do not expect to seek loans from parties other than our sponsor or an affiliate of our sponsor as we do not
believe third parties will be willing to loan such funds and provide a waiver against any and all rights to seek access to funds
in our trust account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">After our initial business combination, members of our management
team who remain with us may be paid consulting, management or other fees from the combined company with any and all amounts being
fully disclosed to our stockholders, to the extent then known, in the proxy solicitation materials or tender offer documents,
as applicable, furnished to our stockholders. It is unlikely the amount of such compensation will be known at the time of distribution
of such proxy solicitation materials or tender offer documents, as applicable, as it will be up to the directors of the post-combination&nbsp;business
to determine executive and director compensation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will enter into a registration rights agreement with respect
to the private placement warrants, the warrants issuable upon conversion of working capital loans (if any) and the shares of Class
A common stock issuable upon exercise of the foregoing and upon conversion of the founder shares, which is described under the
section of this prospectus entitled &#8220;Description of Securities &#8212; Registration Rights.&#8221;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Policy for&nbsp;Approval of Related Party Transactions</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The audit committee of our board of directors will adopt a
policy setting forth the policies and procedures for its review and approval or ratification of &#8220;related party transactions.&#8221;
A &#8220;related party transaction&#8221; is any consummated or proposed transaction or series of transactions: (i) in which the
company was or is to be a participant; (ii) the amount of which exceeds (or is reasonably expected to exceed) $120,000 in the
aggregate over the duration of the transaction (without regard to profit or loss); and (iii) in which a &#8220;related party&#8221;
had, has or will have a direct or indirect material interest. &#8220;Related parties&#8221; under this policy will include: (i)
our directors, nominees for director or executive officers; (ii) any record or beneficial owner of more than 5% of any class of
our voting securities; (iii) any immediate family member of any of the foregoing if the foregoing person is a natural person;
and (iv) any other person who maybe a &#8220;related person&#8221; pursuant to Item 404 of Regulation S-K&nbsp;under the Exchange
Act. Pursuant to the policy, the audit committee will consider (i) the relevant facts and circumstances of each related party
transaction, including if the transaction is on terms comparable to those that could be obtained in arm&#8217;s-length&nbsp;dealings
with an unrelated third party, (ii) the extent of the related party&#8217;s interest in the transaction, (iii) whether the transaction
contravenes our code of ethics or other policies, (iv) whether the audit committee believes the relationship underlying the transaction
to be in the best interests of the company and its stockholders and (v) the effect that the transaction may have on a director&#8217;s
status as an independent member of the board and on his or her eligibility to serve on the board&#8217;s committees. Management
will present to the audit committee each proposed related party transaction, including all relevant facts and circumstances relating
thereto. Under the policy, we may consummate related party transactions only if our audit committee approves or ratifies the transaction
in accordance with the guidelines set forth in the policy. The policy will not permit any director or executive officer to participate
in the discussion of, or decision concerning, a related person transaction in which he or she is the related party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="x_012"></A>DESCRIPTION OF SECURITIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to our amended and restated certificate of incorporation,
our authorized capital stock consists of 100,000,000&nbsp;shares of Class A common stock, $0.0001 par value, 10,000,000&nbsp;shares
of Class B common stock, $0.0001 par value, and 1,000,000&nbsp;shares of undesignated preferred stock, $0.0001 par value. The
following description summarizes the material terms of our capital stock. Because it is only a summary, it may not contain all
the information that is important to you.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Units</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Each unit has an offering price of $10.00 and consists of one
share of Class A common stock and one-half&nbsp;of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase
one share of our Class A common stock at a price of $11.50 per share, subject to adjustment as described in this prospectus. Only
whole warrants are exercisable. No fractional warrants will be issued upon separation of the units and only whole warrants will
trade.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We expect the Class A common stock and warrants comprising
the units will begin separate trading on the 52<SUP>nd</SUP>&nbsp;day following the date of this prospectus unless Raymond James
 &amp; Associates, Inc. and EarlyBirdCapital, Inc. inform us of their decision to allow earlier separate trading, subject to our
having filed the Current Report on Form 8-K&nbsp;described below and having issued a press release announcing when such separate
trading will begin. Once the shares of Class A common stock and warrants commence separate trading, holders will have the option
to continue to hold units or separate their units into the component securities. Holders will need to have their brokers contact
our transfer agent in order to separate the units into shares of Class A common stock and warrants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In no event will the Class A common stock and warrants be traded
separately until we have filed a Current Report on Form 8-K&nbsp;with the SEC, which includes an audited balance sheet reflecting
our receipt of the gross proceeds at the closing of this offering. We will file a Current Report on Form 8-K&nbsp;which includes
this audited balance sheet upon the completion of this offering, which closing is anticipated to take place three business days
after the date of this prospectus. If the underwriters&#8217; over-allotment&nbsp;option is exercised following the initial filing
of such Current Report on Form 8-K, a second or amended Current Report on Form 8-K&nbsp;will be filed to provide updated financial
information to reflect the exercise of the underwriters&#8217; over-allotment&nbsp;option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Common Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Upon the closing of this offering, 25,000,000&nbsp;shares of
our common stock will be outstanding (assuming no exercise of the underwriters&#8217; over-allotment&nbsp;option and the corresponding
forfeiture of 750,000 founder shares by our sponsor), consisting of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,000,000&nbsp;shares
of our Class A common stock underlying the units being offered in this offering; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,000,000&nbsp;shares
of Class B common stock held by our initial stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If we increase or decrease the size of the offering we will
effect a stock dividend or a share contribution back to capital or other appropriate mechanism, as applicable, with respect to
our Class B common stock immediately prior to the consummation of this offering in such amount as to maintain the ownership of
our initial stockholders at 20% of the issued and outstanding shares of our common stock upon the consummation of this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Common stockholders of record are entitled to one vote for
each share held on all matters to be voted on by stockholders. Holders of record of the Class A common stock and holders of record
of the Class B common stock will vote together as a single class on all matters submitted to a vote of our stockholders, with
each share of common stock entitling the holder to one vote except as required by law. Unless specified in our amended and restated
certificate of incorporation or bylaws, or as required by applicable provisions of the DGCL or applicable stock exchange rules,
the affirmative vote of a majority of our shares of common stock that are voted is required to approve any such matter voted on
by our stockholders. Our board of directors will be divided into two classes, each of which will generally serve for a term of
two years with only one class of directors being elected in each year. There is no cumulative voting with respect to the election
of directors, with the result that the holders of more than 50% of the shares voted for the election of directors can elect all
of the directors. Our stockholders are entitled to receive ratable dividends when, as and if declared by the board of directors
out of funds legally available therefor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Because our amended and restated certificate of incorporation
authorizes the issuance of up to 100,000,000&nbsp;shares of Class A common stock, if we were to enter into an initial business
combination, we may (depending on the terms of such an initial business combination) be required to increase the number of shares
of Class A common stock which we are authorized to issue at the same time as our stockholders vote on the initial business combination
to the extent we seek stockholder approval in connection with our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In accordance with NASDAQ corporate governance requirements,
we are not required to hold an annual meeting until no later than one year after our first full fiscal year end following our
listing on Nasdaq. Under Section 211(b) of the DGCL, we are, however, required to hold an annual meeting of stockholders for the
purposes of electing directors in accordance with our bylaws, unless such election is made by written consent in lieu of such
a meeting. We may not hold an annual meeting of stockholders to elect new directors prior to the consummation of our initial business
combination, and thus we may not be in compliance with Section 211(b) of the DGCL, which requires an annual meeting. Therefore,
if our stockholders want us to hold an annual meeting prior to the consummation of our initial business combination, they may
attempt to force us to hold one by submitting an application to the Delaware Court of Chancery in accordance with Section 211(c)
of the DGCL.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will provide our stockholders with the opportunity to redeem
all or a portion of their public shares upon the completion of our initial business combination at a per-share&nbsp;price, payable
in cash, equal to the aggregate amount then on deposit in the trust account as of two business days prior to the consummation
of our initial business combination, including interest earned on the funds held in the trust account and not previously released
to us to pay our taxes, divided by the number of then outstanding public shares, subject to the limitations described herein.
The amount in the trust account is initially anticipated to be approximately $10.00 per public share. The per-share&nbsp;amount
we will distribute to investors who properly redeem their shares will not be reduced by deferred underwriting commissions we will
pay to the underwriters. Our sponsor, officers and directors have entered into a letter agreement with us, pursuant to which they
have agreed to waive their redemption rights with respect to any founder shares and any public shares held by them in connection
with the completion of our initial business combination. We will provide our public stockholders with the opportunity to redeem
all or a portion of their public shares upon the completion of our initial business combination either (i) in connection with
a stockholder meeting called to approve the initial business combination or (ii) without a stockholder vote by means of a tender
offer. If we seek stockholder approval, we will complete our initial business combination only if a majority of the outstanding
shares of common stock voted are voted in favor of the initial business combination. A quorum for such meeting will consist of
the holders present in person or by proxy of shares of outstanding capital stock of the Company representing a majority of the
voting power of all outstanding shares of capital stock of the Company entitled to vote at such meeting. If we conduct redemptions
by means of a tender offer, the tender offer documents will contain substantially the same financial and other information about
the initial business combination and the redemption rights as is required under the SEC&#8217;s proxy rules.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If we seek stockholder approval, the participation of our sponsor,
officers, directors, advisors or any of their affiliates in privately negotiated transactions (as described in this prospectus),
if any, could result in the approval of our initial business combination even if a majority of our public stockholders vote, or
indicate their intention to vote, against such business combination. For purposes of seeking approval of the majority of our outstanding
shares of common stock voted, non-votes&nbsp;will have no effect on the approval of our initial business combination once a quorum
is obtained. We intend to give approximately 30 days&#8217; (but not less than 10 days&#8217; nor more than 60 days&#8217;) prior
written notice of any such meeting, if required, at which a vote shall be taken to approve our initial business combination. These
quorum and voting thresholds, and the voting agreements of our initial stockholders, may make it more likely that we will consummate
our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If we seek stockholder approval of our initial business combination
and we do not conduct redemptions in connection with our initial business combination pursuant to the tender offer rules, our
amended and restated certificate of incorporation will provide that a public stockholder, together with any affiliate of such
stockholder or any other person with whom such stockholder is acting in concert or as a &#8220;group&#8221; (as defined under
Section 13 of the Exchange Act), will be restricted from redeeming its shares with respect to more than an aggregate of 15% of
the shares of common stock sold in this offering, which we refer to as the Excess Shares. However, we would not be restricting
our stockholders&#8217; ability to vote all of their shares (including Excess Shares) for or against our initial business combination.
Our stockholders&#8217; inability to redeem the Excess Shares will reduce their influence over our ability to complete our initial
business combination, and such stockholders could suffer a material loss in their investment if they sell such Excess Shares on
the open market. Additionally, such stockholders will not receive redemption distributions with respect to the Excess Shares if
we complete the initial business combination. And, as a result, such stockholders will continue to hold that number of shares
exceeding 15% and, in order to dispose such shares would be required to sell their stock in open market transactions, potentially
at a loss.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If we seek stockholder approval in connection with our initial
business combination, pursuant to a letter agreement, our sponsor, officers and directors have agreed to vote their founder shares
and any public shares purchased during or after this offering (including in open market and privately-negotiated transactions)
in favor of our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As a result, in addition to our initial stockholders&#8217;
founder shares, we would need only 7,500,001, or 37.5%, of the 20,000,000 public shares sold in this offering to be voted in favor
of an initial business combination in order to have our initial business combination approved (assuming all outstanding shares
are voted and the over-allotment&nbsp;option is not exercised). Additionally, each public stockholder may elect to redeem its
public shares irrespective of whether they vote for or against the proposed transaction or whether they were a stockholder on
the record date for the stockholder meeting held to approve the proposed transaction (subject to the limitation described in the
preceding paragraph).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to our amended and restated certificate of incorporation,
if we are unable to complete our initial business combination within 24&nbsp;months from the closing of this offering, we will
(i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than 10 business
days thereafter redeem the public shares, at a per-share&nbsp;price, payable in cash, equal to the aggregate amount then on deposit
in the trust account, including interest earned on the funds held in the trust account and not previously released to us to pay
our taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding public shares,
which redemption will completely extinguish public stockholders&#8217; rights as stockholders (including the right to receive
further liquidating distributions, if any), and (iii) as promptly as reasonably possible following such redemption, subject to
the approval of our remaining stockholders and our board of directors, liquidate and dissolve, subject in each case to our obligations
under Delaware law to provide for claims of creditors and the requirements of other applicable law. Our sponsor, officers and
directors have entered into a letter agreement with us, pursuant to which they have agreed to waive their rights to liquidating
distributions from the trust account with respect to any founder shares held by them if we fail to complete our initial business
combination within 24&nbsp;months from the closing of this offering. However, if our initial stockholders acquire public shares
in or after this offering, they will be entitled to liquidating distributions from the trust account with respect to such public
shares if we fail to complete our initial business combination within the prescribed time period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In the event of a liquidation, dissolution or winding up of
the Company after an initial business combination, our stockholders are entitled to share ratably in all assets remaining available
for distribution to them after payment of liabilities and after provision is made for each class of stock, if any, having preference
over the common stock. Our stockholders have no preemptive or other subscription rights. There are no sinking fund provisions
applicable to the common stock, except that we will provide our stockholders with the opportunity to redeem their public shares
for cash equal to their&nbsp;<I>pro&nbsp;rata&nbsp;</I>share of the aggregate amount then on deposit in the trust account, including
interest (which will be net of taxes paid by us) upon the completion of our initial business combination, subject to the limitations
described herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Founder Shares</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The founder shares are identical to the shares of Class A common
stock included in the units being sold in this offering, and holders of founder shares have the same stockholder rights as public
stockholders, except that (i)&nbsp;the founder shares are subject to certain transfer restrictions, as described in more detail
below, (ii) our sponsor, officers and directors have entered into a letter agreement with us, pursuant to which they have agreed
(A) to waive their redemption rights with respect to any founder shares and any public shares held by them in connection with
the completion of our initial business combination, (B) to waive their redemption rights with respect to their founder shares
and public shares in connection with a stockholder vote to approve an amendment to our amended and restated certificate of incorporation
to (i) modify the substance or timing of our obligation to provide for the redemption of our public shares in connection with
an initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination
within 24&nbsp;months from the closing of this offering or (ii) with respect to any other material provisions relating to stockholders&#8217;
rights or pre-initial&nbsp;business combination activity, and (C) to waive their rights to liquidating distributions from the
trust account with respect to any founder shares held by them if we fail to complete our initial business combination within 24&nbsp;months
from the closing of this offering, although they will be entitled to liquidating distributions from the trust account with respect
to any public shares they hold if we fail to complete our initial business combination within such time period, (iii) the founder
shares are shares of our Class B common stock that will automatically convert into shares of our Class A common stock at the time
of our initial business combination on a one-for-one&nbsp;basis, subject to adjustment pursuant to certain anti-dilution&nbsp;rights
as described herein and (iv) are entitled to registration rights. If we submit our initial business combination to our public
stockholders for a vote, our sponsor, officers and directors have agreed (and its permitted transferees will agree) pursuant to
the letter agreement to vote any founder shares held by them and any public shares purchased during or after this offering (including
in open market and privately-negotiated&nbsp;transactions) in favor of our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In the case that additional shares of Class A common stock
or equity-linked&nbsp;securities are issued or deemed issued in connection with our initial business combination, the number of
shares of Class A common stock issuable upon conversion of all founder shares will equal, in the aggregate, on an as-converted&nbsp;basis,
20% of the sum of the total number of all shares of common stock outstanding upon the completion of this offering, plus the total
number of shares of Class A common stock issued, or deemed issued or issuable upon conversion or exercise of any equity-linked&nbsp;securities
or rights issued or deemed issued, by the Company in connection with or in relation to the consummation of the initial business
combination, excluding any shares of Class A common stock or equity-linked&nbsp;securities exercisable for or convertible into
shares of Class A common stock issued, or to be issued, to any seller in the initial business combination and any private placement-equivalent&nbsp;warrants
issued to our sponsor, officers or directors upon conversion of working capital loans; provided that such conversion of founder
shares will never occur on a less than one for one basis. We cannot determine at this time whether a majority of the holders of
our Class B common stock at the time of any future issuance would agree to waive such adjustment to the conversion ratio. They
may waive such adjustment due to (but not limited to) the following: (i) closing conditions that are part of the agreement for
our initial business combination; (ii) negotiation with Class A stockholders on structuring an initial business combination; or
(iii) negotiation with parties providing financing that would trigger the anti-dilution&nbsp;provisions of the Class B common
stock. If such adjustment is not waived, the issuance would not reduce the percentage ownership of holders of our Class B common
stock, but would reduce the percentage ownership of holders of our Class A common stock. If such adjustment is waived, the issuance
would reduce the percentage ownership of holders of both classes of our common stock. The term &#8220;equity-linked&nbsp;securities&#8221;
refers to any debt or equity securities that are convertible, exercisable or exchangeable for shares of Class A common stock issued
in a financing transaction in connection with our initial business combination, including but not limited to a private placement
of equity or debt. Securities could be &#8220;deemed issued&#8221; for purposes of the conversion rate adjustment if such shares
are issuable upon the conversion or exercise of convertible securities, warrants or similar securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">With certain limited exceptions, the founder shares are not
transferable, assignable or salable (except to our officers and directors and other persons or entities affiliated with our sponsor,
each of whom will be subject to the same transfer restrictions) until the earlier of (A) one year after the completion of our
initial business combination or (B)&nbsp;subsequent to our initial business combination, (x) if the reported closing price of
our Class A common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations
and the like) for any 20 trading days within any 30-trading&nbsp;day period commencing at least 150 days after our initial business
combination or (y) the date, following the completion of our initial business combination, on which we complete a liquidation,
merger, capital stock exchange, reorganization or other similar transaction that results in all of our stockholders having the
right to exchange their shares of common stock for cash, securities or other property.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Preferred Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our amended and restated certificate of incorporation will
provide that shares of preferred stock may be issued from time to time in one or more series. Our board of directors will be authorized
to fix the voting rights, if any, designations, powers, preferences, the relative, participating, optional or other special rights
and any qualifications, limitations and restrictions thereof, applicable to the shares of each series. Our board of directors
will be able to, without stockholder approval, issue preferred stock with voting and other rights that could adversely affect
the voting power and other rights of the holders of the common stock and could have anti-takeover&nbsp;effects. The ability of
our board of directors to issue preferred stock without stockholder approval could have the effect of delaying, deferring or preventing
a change of control of us or the removal of existing management. We have no preferred stock outstanding at the date hereof. Although
we do not currently intend to issue any shares of preferred stock, we cannot assure you that we will not do so in the future.
No shares of preferred stock are being issued or registered in this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Redeemable Warrants</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Public Stockholders&#8217; Warrants</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Each whole warrant entitles the registered holder to purchase
one share of our Class A common stock at a price of $11.50 per share, subject to adjustment as discussed below, at any time commencing
on the later of 12&nbsp;months from the closing of this offering and 30 days after the completion of our initial business combination.
Pursuant to the warrant agreement, a warrantholder may exercise its warrants only for a whole number of Class A common stock.
This means only a whole warrant may be exercised at a given time by a warrantholder. No fractional warrants will be issued upon
separation of the units and only whole warrants will trade. Accordingly, unless you purchase at least two units, you will not
be able to receive or trade a whole warrant. The warrants will expire five years after the completion of our initial business
combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will not be obligated to deliver any shares of Class A common
stock pursuant to the exercise of a warrant and will have no obligation to settle such warrant exercise unless a registration
statement under the Securities Act with respect to the shares of Class A common stock underlying the warrants is then effective
and a current prospectus relating thereto is current, subject to our satisfying our obligations described below with respect to
registration. No warrant will be exercisable and we will not be obligated to issue shares of Class A common stock upon exercise
of a warrant unless Class A common stock issuable upon such warrant exercise has been registered, qualified or deemed to be exempt
under the securities laws of the state of residence of the registered holder of the warrants. In the event that the conditions
in the two immediately preceding sentences are not satisfied with respect to a warrant, the holder of such warrant will not be
entitled to exercise such warrant and such warrant may have no value and expire worthless. In no event will we be required to
net cash settle any warrant. In the event that a registration statement is not effective for the exercised warrants, the purchaser
of a unit containing such warrant, if not cash settled, will have paid the full purchase price for the unit solely for the share
of Class A common stock underlying such unit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are not registering the shares of Class A common stock issuable
upon exercise of the warrants at this time. However, we have agreed that as soon as practicable, but in no event later than 15
business days after the closing of our initial business combination, we will use our best efforts to file with the SEC a registration
statement registering the issuance of the shares of Class A common stock issuable upon exercise of the warrants, to cause such
registration statement to become effective and to maintain a current prospectus relating to those shares of Class A common stock
until the warrants expire or are redeemed, as specified in the warrant agreement. If a registration statement covering the shares
of Class A common stock issuable upon exercise of the warrants is not effective by the 60<SUP>th</SUP>&nbsp;business day after
the closing of our initial business combination or within a specified period following the consummation of our initial business
combination, warrantholders may, until such time as there is an effective registration statement and during any period when we
shall have failed to maintain an effective registration statement, exercise warrants on a &#8220;cashless basis&#8221; pursuant
to the exemption provided by Section 3(a)(9) of the Securities Act; provided that such exemption is available. If that exemption,
or another exemption, is not available, holders will not be able to exercise their warrants on a cashless basis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Once the warrants become exercisable, we may call the warrants
for redemption:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;in
whole and not in part;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;at
a price of $0.01 per warrant;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;upon
not less than 30 days&#8217; prior written notice of redemption (the &#8220;30-day&nbsp;redemption period&#8221;) to each warrantholder;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if,
and only if, the reported closing price of the Class A common stock equals or exceeds $18.00 per share (as adjusted for stock
splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading&nbsp;day
period ending three business days before we send the notice of redemption to the warrantholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If and when the warrants become redeemable by us, we may not
exercise our redemption right if the issuance of shares of common stock upon exercise of the warrants is not exempt from registration
or qualification under applicable state blue sky laws or we are unable to effect such registration or qualification. We will use
our best efforts to register or qualify such shares of common stock under the blue sky laws of the state of residence in those
states in which the warrants were initially offered by us in this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We have established the last of the redemption criteria discussed
above to prevent a redemption call unless there is at the time of the call a significant premium to the warrant exercise price.
If the foregoing conditions are satisfied and we issue a notice of redemption of the warrants, each warrantholder will be entitled
to exercise its warrant prior to the scheduled redemption date. However, the price of the Class A common stock may fall below
the $18.00 redemption trigger price (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the
like), as well as the $11.50 warrant exercise price after the redemption notice is issued.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If we call the warrants for redemption as described above,
our management will have the option to require any holder that wishes to exercise its warrant to do so on a cashless basis. In
determining whether to require all holders to exercise their warrants on a cashless basis, our management will consider, among
other factors, our cash position, the number of warrants that are outstanding and the dilutive effect on our stockholders of issuing
the maximum number of shares of Class A common stock issuable upon the exercise of our warrants. If our management takes advantage
of this option, all holders of warrants would pay the exercise price by surrendering their warrants for that number of shares
of Class A common stock equal to the quotient obtained by dividing (x) the product of the number of shares of Class A common stock
underlying the warrants multiplied by and the excess of the &#8220;fair market value&#8221; (defined below) over the exercise
price of the warrants by (y) the fair market value. The &#8220;fair market value&#8221; shall mean the average reported closing
price of the Class A common stock for the 10 trading days ending on the third trading day prior to the date on which the notice
of redemption is sent to the holders of warrants. If our management takes advantage of this option, the notice of redemption will
contain the information necessary to calculate the number of shares of Class A common stock to be received upon exercise of the
warrants, including the &#8220;fair market value&#8221; in such case. Requiring a cashless exercise in this manner will reduce
the number of shares to be issued and thereby lessen the dilutive effect of a warrant redemption. We believe this feature is an
attractive option to us if we do not need the cash from the exercise of the warrants after our initial business combination. If
we call our warrants for redemption and our management does not take advantage of this option, our sponsor and its permitted transferees
would still be entitled to exercise their private placement warrants for cash or on a cashless basis using the same formula described
above that other warrantholders would have been required to use had all warrantholders been required to exercise their warrants
on a cashless basis, as described in more detail below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">A holder of a warrant may notify us in writing in the event
it elects to be subject to a requirement that such holder will not have the right to exercise such warrant, to the extent that
after giving effect to such exercise, such person (together with such person&#8217;s affiliates), to the warrant agent&#8217;s
actual knowledge, would beneficially own in excess of 4.9% or 9.8% (or such other amount as a holder may specify) of the shares
of Class A common stock outstanding immediately after giving effect to such exercise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If the number of outstanding shares of Class A common stock
is increased by a stock dividend payable in shares of Class A common stock, or by a split-up&nbsp;of shares of Class A common
stock or other similar event, then, on the effective date of such stock dividend, split-up&nbsp;or similar event, the number of
shares of Class A common stock issuable on exercise of each warrant will be increased in proportion to such increase in the outstanding
shares of Class A common stock. A rights offering to holders of Class A common stock entitling holders to purchase shares of Class
A common stock at a price less than the fair market value will be deemed a stock dividend of a number of shares of Class A common
stock equal to the product of (i) the number of shares of Class A common stock actually sold in such rights offering (or issuable
under any other equity securities sold in such rights offering that are convertible into or exercisable for Class A common stock)
and (ii) one minus the quotient of (x) the price per share of Class A common stock paid in such rights offering divided by (y)
the fair market value. For these purposes (i) if the rights offering is for securities convertible into or exercisable for Class
A common stock, in determining the price payable for Class A common stock, there will be taken into account any consideration
received for such rights, as well as any additional amount payable upon exercise or conversion and (ii) fair market value means
the volume weighted average price of Class A common stock as reported during the 10 trading day period ending on the trading day
prior to the first date on which the shares of Class A common stock trade on the applicable exchange or in the applicable market,
regular way, without the right to receive such rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In addition, if we, at any time while the warrants are outstanding
and unexpired, pay a dividend or make a distribution in cash, securities or other assets to the holders of Class A common stock
on account of such shares of Class A common stock (or other shares of our capital stock into which the warrants are convertible),
other than (a) as described above, (b) certain ordinary cash dividends, (c) to satisfy the redemption rights of the holders of
Class&nbsp;A common stock in connection with a proposed initial business combination, (d) to satisfy the redemption rights of
the holders of Class A common stock in connection with a stockholder vote to amend our amended and restated certificate of incorporation
to (i) modify the substance or timing of our obligation to provide for the redemption of our public shares in connection with
an initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination
within 24&nbsp;months from the closing of this offering or (ii) with respect to any other material provisions relating to stockholders&#8217;
rights or pre-initial&nbsp;business combination activity, or (e) in connection with the redemption of our public shares upon our
failure to complete our initial business combination, then the warrant exercise price will be decreased, effective immediately
after the effective date of such event, by the amount of cash and/or the fair market value of any securities or other assets paid
on each share of Class A common stock in respect of such event.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If the number of outstanding shares of our Class A common stock
is decreased by a consolidation, combination, reverse stock split or reclassification of shares of Class A common stock or other
similar event, then, on the effective date of such consolidation, combination, reverse stock split, reclassification or similar
event, the number of shares of Class A common stock issuable on exercise of each warrant will be decreased in proportion to such
decrease in outstanding shares of Class A common stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Whenever the number of shares of Class A common stock purchasable
upon the exercise of the warrants is adjusted, as described above, the warrant exercise price will be adjusted by multiplying
the warrant exercise price immediately prior to such adjustment by a fraction (x) the numerator of which will be the number of
shares of Class A common stock purchasable upon the exercise of the warrants immediately prior to such adjustment, and (y) the
denominator of which will be the number of shares of Class A common stock so purchasable immediately thereafter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In case of any reclassification or reorganization of the outstanding
shares of Class A common stock (other than those described above or that solely affects the par value of such shares of Class
A common stock), or in the case of any merger or consolidation of us with or into another corporation (other than a consolidation
or merger in which we are the continuing corporation and that does not result in any reclassification or reorganization of our
outstanding shares of Class A common stock), or in the case of any sale or conveyance to another corporation or entity of the
assets or other property of us as an entirety or substantially as an entirety in connection with which we are dissolved, the holders
of the warrants will thereafter have the right to purchase and receive, upon the basis and upon the terms and conditions specified
in the warrants and in lieu of the shares of our Class A common stock immediately theretofore purchasable and receivable upon
the exercise of the rights represented thereby, the kind and amount of shares of stock or other securities or property (including
cash) receivable upon such reclassification, reorganization, merger or consolidation, or upon a dissolution following any such
sale or transfer, that the holder of the warrants would have received if such holder had exercised their warrants immediately
prior to such event. If less than 70% of the consideration receivable by the holders of Class A common stock in such a transaction
is payable in the form of Class A common stock in the successor entity that is listed for trading on a national securities exchange
or is quoted in an established over-the-counter&nbsp;market, or is to be so listed for trading or quoted immediately following
such event, and if the registered holder of the warrant properly exercises the warrant within 30 days following public disclosure
of such transaction, the warrant exercise price will be reduced as specified in the warrant agreement based on the Black-Scholes&nbsp;value
(as defined in the warrant agreement) of the warrant. The purpose of such exercise price reduction is to provide additional value
to holders of the warrants when an extraordinary transaction occurs during the exercise period of the warrants pursuant to which
the holders of the warrants otherwise do not receive the full potential value of the warrants. This formula is to compensate the
warrantholder for the loss of the option value portion of the warrant due to the requirement that the warrantholder exercise the
warrant within 30 days of the event. The Black-Scholes&nbsp;model is an accepted pricing model for estimating fair market value
where no quoted market price for an instrument is available.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The warrants will be issued in registered form under a warrant
agreement between Continental Stock Transfer &amp; Trust Company, as warrant agent, and us. You should review a copy of the warrant
agreement, which will be filed as an exhibit to the registration statement of which this prospectus is a part, for a complete
description of the terms and conditions applicable to the warrants. The warrant agreement provides that the terms of the warrants
may be amended without the consent of any holder to cure any ambiguity or correct any defective provision, and that all other
modifications or amendments will require the vote or written consent of the holders of at least a majority of the then outstanding
public warrants and, solely with respect to any amendment to the terms of the private placement warrants, a majority of the then
outstanding private placement warrants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The warrants may be exercised upon surrender of the warrant
certificate on or prior to the expiration date at the offices of the warrant agent, with the exercise form on the reverse side
of the warrant certificate completed and executed as indicated, accompanied by full payment of the exercise price (or on a cashless
basis, if applicable), by certified or official bank check payable to us, for the number of warrants being exercised. The warrantholders
do not have the rights or privileges of holders of Class A common stock or any voting rights until they exercise their warrants
and receive shares of Class A common stock. After the issuance of shares of Class A common stock upon exercise of the warrants,
each holder will be entitled to one vote for each share held of record on all matters to be voted on by stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">No fractional shares will be issued upon exercise of the warrants.
If, upon exercise of the warrants, a holder would be entitled to receive a fractional interest in a share, we will, upon exercise,
round down to the nearest whole number of shares of Class A common stock to be issued to the warrantholder. As a result, warrantholders
not purchasing an even number of warrants must sell any odd number of warrants in order to obtain full value from the fractional
interests that will not be issued.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In addition, if (x) we issue additional shares of Class A common
stock or equity-linked&nbsp;securities for capital raising purposes in connection with the closing of our initial business combination
at a Newly Issued Price of less than $9.20 per share of Class A common stock (with such issue price or effective issue price to
be determined in good faith by our board of directors and, in the case of any such issuance to our sponsor or its affiliates,
without taking into account any founder shares held by our sponsor or such affiliates, as applicable, prior to such issuance),
(y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon,
available for the funding of our initial business combination on the date of the consummation of our initial business combination
(net of redemptions), and (z) the Market Value is below $9.20 per share, the exercise price of the warrants will be adjusted (to
the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, and the $18.00 per share redemption
trigger price described above will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and
the Newly Issued Price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> We have agreed that, subject to applicable law, any action,
proceeding or claim against us arising out of or relating in any way to the warrant agreement will be brought and enforced in
the courts of the State of New York or the United States District Court for the Southern District of New York, and we irrevocably
submit to such jurisdiction, which jurisdiction will be the exclusive forum for any such action, proceeding or claim. See &ldquo;Risk
Factors &mdash; Our warrant agreement will designate the courts of the State of New York or the United States District Court for
the Southern District of New York as the sole and exclusive forum for certain types of actions and proceedings that may be initiated
by holders of our warrants, which could limit the ability of warrant holders to obtain a favorable judicial forum for disputes
with our company.&rdquo; This provision applies to claims under the Securities Act but does not apply to claims under the Exchange
Act or any claim for which the federal district courts of the United States of America are the sole and exclusive forum. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Private Placement Warrants</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The private placement warrants (including the Class A common
stock issuable upon exercise of the private placement warrants) will not be transferable, assignable or salable until 30 days
after the completion of our initial business combination (except, among other limited exceptions as described under the section
of this prospectus entitled &#8220;Principal Stockholders &#8212; Restrictions on Transfers of Founder Shares and Private Placement
Warrants,&#8221; to our officers and directors and other persons or entities affiliated with our sponsor) and they will not be
redeemable by us so long as they are held by our sponsor or its permitted transferees. Except as described below, the private
placement warrants have terms and provisions that are identical to those of the warrants being sold as part of the units in this
offering, including as to exercise price, exercisability and exercise period. If the private placement warrants are held by holders
other than the sponsor or its permitted transferees, the private placement warrants will be redeemable by us and exercisable by
the holders on the same basis as the warrants included in the units being sold in this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If holders of the private placement warrants elect to exercise
them on a cashless basis, they would pay the exercise price by surrendering their warrants for that number of shares of Class
A common stock equal to the quotient obtained by dividing (x) the product of the number of shares of Class A common stock underlying
the warrants multiplied by the excess of the &#8220;fair market value&#8221; (defined below) over the exercise price of the warrants
by (y) the fair market value. The &#8220;fair market value&#8221; means the average reported closing price of the Class A common
stock for the 10 trading days ending on the third trading day prior to the date on which the notice of warrant exercise is sent
to the warrant agent. The reason that we have agreed that these warrants will be exercisable on a cashless basis so long as they
are held by the sponsor or its permitted transferees is because it is not known at this time whether they will be affiliated with
us following an initial business combination. If they remain affiliated with us, their ability to sell our securities in the open
market will be significantly limited. We expect to have policies in place that prohibit insiders from selling our securities except
during specific periods of time. Even during such periods of time when insiders will be permitted to sell our securities, an insider
cannot trade in our securities if he or she is in possession of material non-public&nbsp;information. Accordingly, unlike public
stockholders who could exercise their warrants sell the shares of Class A common stock issuable upon exercise of the warrants
freely in the open market, the insiders could be significantly restricted from doing so. As a result, we believe that allowing
the holders to exercise such warrants on a cashless basis is appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In order to finance transaction costs in connection with an
intended initial business combination, our sponsor or an affiliate of our sponsor or certain of our officers and directors may,
but are not obligated to, loan us funds as may be required. Up to $1,500,000 of such loans may be convertible into warrants at
a price of $1.00 per warrant at the option of the lender. Such warrants would be identical to the private placement warrants,
including as to exercise price, exercisability and exercise period. The terms of such working capital loans by our sponsor or
their affiliates, or our officers and directors, if any, have not been determined and no written agreements exist with respect
to such loans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our sponsor has agreed not to transfer, assign or sell any
of the private placement warrants (including the Class&nbsp;A common stock issuable upon exercise of any of these warrants) until
the date that is 30 days after the date we complete our initial business combination, except that, among other limited exceptions
as described under the section of this prospectus entitled &#8220;Principal Stockholders &#8212; Restrictions on Transfers of
Founder Shares and Private Placement Warrants&#8221; made to our officers and directors and other persons or entities affiliated
with our sponsor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Dividends</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We have not paid any cash dividends on our common stock to
date and do not intend to pay cash dividends prior to the completion of an initial business combination. The payment of cash dividends
in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial conditions
subsequent to completion of an initial business combination. The payment of any cash dividends subsequent to an initial business
combination will be within the discretion of our board of directors at such time. If we increase or decrease the size of this
offering we will effect a stock dividend or a share contribution back to capital or other appropriate mechanism, as applicable,
with respect to our Class B common stock immediately prior to the consummation of the offering in such amount as to maintain the
ownership of our initial stockholders at 20% of the issued and outstanding shares of our common stock upon the consummation of
this offering. Further, if we incur any indebtedness, our ability to declare dividends may be limited by restrictive covenants
we may agree to in connection therewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Our Transfer Agent and Warrant Agent</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The transfer agent for our common stock and warrant agent for
our warrants is Continental Stock Transfer &amp; Trust Company. We have agreed to indemnify Continental Stock Transfer &amp; Trust
Company in its roles as transfer agent and warrant agent, its agents and each of its stockholders, directors, officers and employees
against all claims and losses that may arise out of acts performed or omitted for its activities in that capacity, except for
any liability due to any gross negligence, willful misconduct or bad faith of the indemnified person or entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Our&nbsp;Amended and Restated Certificate of Incorporation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our amended and restated certificate of incorporation contains
certain requirements and restrictions relating to this offering that will apply to us until the completion of our initial business
combination. These provisions cannot be amended without the approval of the holders of 65% of our common stock. Our initial stockholders,
who will collectively beneficially own 20% of our common stock upon the closing of this offering (assuming they do not purchase
any units in this offering), will participate in any vote to amend our amended and restated certificate of incorporation and will
have the discretion to vote in any manner they choose. Specifically, our amended and restated certificate of incorporation will
provide, among other things, that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if
we are unable to complete our initial business combination within 24&nbsp;months from the closing of this offering, we will: (i)
cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible, but not more than 10 business
days thereafter redeem 100% of the public shares, at a per-share&nbsp;price, payable in cash, equal to the aggregate amount then
on deposit in the trust account, including interest earned on the funds held in the trust account and not previously released
to us to pay our taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding
public shares, which redemption will completely extinguish public stockholders&#8217; rights as stockholders (including the right
to receive further liquidating distributions, if any), and (iii) as promptly as reasonably possible following such redemption,
subject to the approval of our remaining stockholders and our board of directors, liquidate and dissolve, subject in each case
to our obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;prior
to our initial business combination, we may not issue additional shares of capital stock that would entitle the holders thereof
to (i) receive funds from the trust account, (ii) vote on any initial business combination or (iii) vote on matters related to
our pre-initial&nbsp;business combination activity;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;although
we do not intend to enter into an initial business combination with a target business that is affiliated with our sponsor, our
directors or our officers, we are not prohibited from doing so. In the event we enter into such a transaction, we, or a committee
of independent directors, will obtain an opinion from an independent investment banking firm or another independent entity that
commonly renders valuation opinions, that such an initial business combination is fair to our company from a financial point of
view;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if
a stockholder vote on our initial business combination is not required by law and we do not decide to hold a stockholder vote
for business or other legal reasons, we will offer to redeem our public shares pursuant to Rule 13e-4&nbsp;and Regulation 14E
of the Exchange Act, and will file tender offer documents with the SEC prior to completing our initial business combination, which
contain substantially the same financial and other information about our initial business combination and the redemption rights
as is required under Regulation 14A of the Exchange Act; whether or not we maintain our registration under the our Exchange Act
or our listing on Nasdaq, we will provide our public stockholders with the opportunity to redeem their public shares by one of
the two methods listed above;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;so
long as we obtain and maintain a listing for our securities on Nasdaq, Nasdaq rules require that our initial business combination
must occur with one or more target businesses that together have an aggregate fair market value of at least 80% of the value of
the assets held in the trust account (net of amounts disbursed to management for working capital purposes, if any, and excluding
the amount of deferred underwriting discounts held in trust and taxes payable on the income earned on the trust account) at the
time of our signing a definitive agreement in connection with our initial business combination.;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if
our stockholders approve an amendment to our amended and restated certificate of incorporation to (A) modify the substance or
timing of our obligation to provide for the redemption of our public shares in connection with an initial business combination
or to redeem 100% of our public shares if we do not complete our initial business combination within 24&nbsp;months from the closing
of this offering or (B) with respect to any other material provisions relating to stockholders&#8217; rights or pre-initial&nbsp;business
combination activity, we will provide our public stockholders with the opportunity to redeem all or a portion of their shares
of Class A common stock upon such approval at a per-share&nbsp;price, payable in cash, equal to the aggregate amount then on deposit
in the trust account, including interest earned on the funds held in the trust account and not previously released to us to pay
our taxes, divided by the number of then outstanding public shares; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;we
will not effectuate our initial business combination with another blank check company or a similar company with nominal operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In addition, our amended and restated certificate of incorporation
will provide that we will only redeem our public shares so long as (after such redemption) our net tangible assets will be at
least $5,000,001 either immediately prior to or upon consummation of our initial business combination and after payment of deferred
underwriters&#8217; fees and commissions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Certain Anti-Takeover Provisions of Delaware&nbsp;Law and
our Amended and Restated Certificate of Incorporation and Bylaws</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will be subject to the provisions of Section 203 of the
DGCL regulating corporate takeovers upon completion of this offering. This statute prevents certain Delaware corporations, under
certain circumstances, from engaging in a &#8220;business combination&#8221; with:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
stockholder who owns 15% or more of our outstanding voting stock (otherwise known as an &#8220;interested stockholder&#8221;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;an
affiliate of an interested stockholder; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;an
associate of an interested stockholder, for three years following the date that the stockholder became an interested stockholder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">A &#8220;business combination&#8221; includes a merger or sale
of more than 10% of our assets. However, the above provisions of Section 203 do not apply if:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;our
board of directors approves the transaction that made the stockholder an &#8220;interested stockholder,&#8221; prior to the date
of the transaction;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;after
the completion of the transaction that resulted in the stockholder becoming an interested stockholder, that stockholder owned
at least 85% of our voting stock outstanding at the time the transaction commenced, other than statutorily excluded shares of
common stock; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;on
or subsequent to the date of the transaction, the initial business combination is approved by our board of directors and authorized
at a meeting of our stockholders, and not by written consent, by an affirmative vote of at least two-thirds&nbsp;of the outstanding
voting stock not owned by the interested stockholder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our amended and restated certificate of incorporation will
provide that our board of directors will be classified into two classes of directors. As a result, in most circumstances, a person
can gain control of our board only by successfully engaging in a proxy contest at two or more annual meetings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our authorized but unissued common stock and preferred stock
are available for future issuances without stockholder approval and could be utilized for a variety of corporate purposes, including
future offerings to raise additional capital, acquisitions and employee benefit plans. The existence of authorized but unissued
and unreserved common stock and preferred stock could render more difficult or discourage an attempt to obtain control of us by
means of a proxy contest, tender offer, merger or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Exclusive forum for certain lawsuits</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> Our amended and restated certificate of incorporation will
require, to the fullest extent permitted by law, that derivative actions brought in our name, actions against directors, officers
and employees for breach of fiduciary duty and certain other actions may be brought only in the Court of Chancery in the State
of Delaware, except any action (A) as to which the Court of Chancery in the State of Delaware determines that there is an indispensable
party not subject to the jurisdiction of the Court of Chancery (and the indispensable party does not consent to the personal jurisdiction
of the Court of Chancery within ten days following such determination), (B) which is vested in the exclusive jurisdiction of a
court or forum other than the Court of Chancery or (C) for which the Court of Chancery does not have subject matter jurisdiction.
If an action is brought outside of Delaware, the stockholder bringing the suit will be deemed to have consented to service of
process on such stockholder&rsquo;s counsel. Although we believe this provision benefits us by providing increased consistency
in the application of law in the types of lawsuits to which it applies, a court may determine that this provision is unenforceable,
and to the extent it is enforceable, the provision may have the effect of discouraging lawsuits against our directors and officers. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> Our amended and restated certificate of incorporation will
provide that the exclusive forum provision will be applicable to the fullest extent permitted by applicable law, subject to certain
exceptions. Section 27 of the Exchange Act creates exclusive federal jurisdiction over all suits brought to enforce any duty or
liability created by the Exchange Act or the rules and regulations thereunder. As a result, the exclusive forum provision will
not apply to suits brought to enforce any duty or liability created by the Exchange Act or any other claim for which the federal
courts have exclusive jurisdiction. In addition, our amended and restated certificate of incorporation provides that, unless we
consent in writing to the selection of an alternative forum, the federal district courts of the United States of America shall,
to the fullest extent permitted by law, be the exclusive forum for the resolution of any complaint asserting a cause of action
arising under the Securities Act of 1933, as amended, or the rules and regulations promulgated thereunder. We note, however, that
there is uncertainty as to whether a court would enforce this provision and that investors cannot waive compliance with the federal
securities laws and the rules and regulations thereunder. Section 22 of the Securities Act creates concurrent jurisdiction for
state and federal courts over all suits brought to enforce any duty or liability created by the Securities Act or the rules and
regulations thereunder. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Special meeting of stockholders</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our bylaws provide that special meetings of our stockholders
may be called only by a majority vote of our board of directors, by our Chief Executive Officer or Chairman.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Advance notice requirements for stockholder&nbsp;proposals
and director nominations</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0">Our bylaws provide that stockholders seeking
to bring business before our annual meeting of stockholders, or to nominate candidates for election as directors at our annual
meeting of stockholders, must provide timely notice of their intent in writing. To be timely, a stockholder&#8217;s notice will
need to be received by our secretary at our principal executive offices not later than the close of business on the 90<SUP>th</SUP>&nbsp;day
nor earlier than the opening of business on the 120<SUP>th</SUP>&nbsp;day prior to the anniversary date of the immediately preceding
annual meeting of stockholders. Pursuant to Rule 14a-8&nbsp;of the Exchange Act, proposals seeking inclusion in our annual proxy
statement must comply with the notice periods contained therein. Our bylaws also specify certain requirements as to the form and
content of a stockholders&#8217; meeting. These provisions may preclude our stockholders from bringing matters before our annual
meeting of stockholders or from making nominations for directors at our annual meeting of stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Action by written&nbsp;consent</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Subsequent to the consummation of the offering, any action
required or permitted to be taken by our common stockholders must be effected by a duly called annual or special meeting of such
stockholders and may not be effected by written consent of the stockholders other than with respect to our Class B common stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Classified Board of Directors</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our board of directors will initially be divided into two classes,
Class I and Class II, with members of each class serving staggered two-year&nbsp;terms. Our amended and restated certificate of
incorporation will provide that the authorized number of directors may be changed only by resolution of the board of directors.
Subject to the terms of any preferred stock, any or all of the directors may be removed from office at any time, but only for
cause and only by the affirmative vote of holders of a majority of the voting power of all then outstanding shares of our capital
stock entitled to vote generally in the election of directors, voting together as a single class. Any vacancy on our board of
directors, including a vacancy resulting from an enlargement of our board of directors, may be filled only by vote of a majority
of our directors then in office.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Class&nbsp;B Common Stock Consent Right</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For so long as any shares of Class B common stock remain outstanding,
we may not, without the prior vote or written consent of the holders of a majority of the shares of Class B common stock then
outstanding, voting separately as a single class, amend, alter or repeal any provision of our certificate of incorporation, whether
by merger, consolidation or otherwise, if such amendment, alteration or repeal would alter or change the powers, preferences or
relative, participating, optional or other or special rights of the Class B common stock. Any action required or permitted to
be taken at any meeting of the holders of Class B common stock may be taken without a meeting, without prior notice and without
a vote, if a consent or consents in writing, setting forth the action so taken, shall be signed by the holders of the outstanding
Class B common stock having not less than the minimum number of votes that would be necessary to authorize or take such action
at a meeting at which all shares of Class B common stock were present and voted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Securities&nbsp;Eligible for Future Sale</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Immediately after the consummation of this offering (assuming
no exercise of the underwriters&#8217; over-allotment&nbsp;option) we will have 25,000,000 (or 28,750,000 if the underwriters&#8217;
over-allotment&nbsp;option is exercised in full) shares of common stock outstanding. Of these shares, the 20,000,000&nbsp;shares
(or 23,000,000 if the underwriters&#8217; over-allotment&nbsp;option is exercised in full) sold in this offering will be freely
tradable without restriction or further registration under the Securities Act, except for any shares purchased by one of our affiliates
within the meaning of Rule 144 under the Securities Act. All of the remaining 5,000,000 (or 5,750,000 if the underwriters&#8217;
over-allotment&nbsp;option is exercised in full) shares and all 5,750,000 (or 6,350,000 if the underwriters&#8217; over-allotment&nbsp;option
is exercised in full) private placement warrants are restricted securities under Rule 144, in that they were issued in private
transactions not involving a public offering, and the shares of Class B common stock and private placement warrants are subject
to transfer restrictions as set forth elsewhere in this prospectus. These restricted securities will be entitled to registration
rights as more fully described below under &#8220;&#8212; Registration Rights.&#8221;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Rule 144</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to Rule 144, a person who has beneficially owned restricted
shares of our common stock or warrants for at least six months would be entitled to sell their securities; provided that (i) such
person is not deemed to have been one of our affiliates at the time of, or at any time during the three months preceding, a sale
and (ii) we are subject to the Exchange Act periodic reporting requirements for at least three months before the sale and have
filed all required reports under Section 13 or 15(d) of the Exchange Act during the 12&nbsp;months (or such shorter period as
we were required to file reports) preceding the sale.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Persons who have beneficially owned restricted shares of our
common stock or warrants for at least six months but who are our affiliates at the time of, or at any time during the three months
preceding, a sale, would be subject to additional restrictions, by which such person would be entitled to sell within any three-month&nbsp;period
only a number of securities that does not exceed the greater of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1%
of the total number of shares of Class A common stock then outstanding, which will equal 200,000&nbsp;shares immediately after
this offering (or 230,000 if the underwriters exercise their over-allotment&nbsp;option in full); or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
average weekly reported trading volume of the Class A common stock during the four calendar weeks preceding the filing of a notice
on Form 144 with respect to the sale.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Sales by our affiliates under Rule 144 are also limited by
manner of sale provisions and notice requirements and to the availability of current public information about us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Restrictions on&nbsp;the Use of Rule 144 by Shell Companies
or Former&nbsp;Shell Companies</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Rule 144 is not available for the resale of securities initially
issued by shell companies (other than business combination related shell companies) or issuers that have been at any time previously
a shell company. However, Rule 144 also includes an important exception to this prohibition if the following conditions are met:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
issuer of the securities that was formerly a shell company has ceased to be a shell company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
issuer of the securities is subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
issuer of the securities has filed all Exchange Act reports and materials required to be filed, as applicable, during the preceding
12&nbsp;months (or such shorter period that the issuer was required to file such reports and materials), other than Current Reports
on Form 8-K; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;at
least one year has elapsed from the time that the issuer filed current Form 10 type information with the SEC&nbsp;reflecting its
status&nbsp;as an entity that is not a shell company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As a result, our initial stockholders will be able to sell
their founder shares and private placement warrants, as applicable, pursuant to Rule 144 without registration one year after we
have completed our initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Registration Rights</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The holders of (i) the founder shares, which were issued in
a private placement prior to the closing of this offering, (ii) private placement warrants, which will be issued in a private
placement simultaneously with the closing of this offering and the shares of Class A common stock underlying such private placement
warrants and (iii) private placement warrants that may be issued upon conversion of working capital loans (and their underlying
securities) will have registration rights to require us to register a sale of any of our securities held by them pursuant to a
registration rights agreement to be signed prior to or on the effective date of this offering. These holders of these securities
will be entitled to make up to three demands, excluding short form registration demands, that we register such securities for
sale under the Securities Act. In addition, these holders will have &#8220;piggy-back&#8221; registration rights to include their
securities in other registration statements filed by us, subject to certain limitations. We will bear the expenses incurred in
connection with the filing of any such registration statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Listing&nbsp;of Securities</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> We have applied to list our units, Class A common stock
and warrants on Nasdaq under the symbols &#8220;RCHGU,&#8221; &#8220;RCHG&#8221; and &#8220;RCHGW,&#8221; respectively. We expect
that our units will be listed on Nasdaq on or promptly after the effective date of the registration statement. Following the date
the shares of our Class A common stock and warrants are eligible to trade separately, we anticipate that the shares of our Class
A common stock and warrants will be listed separately and as a unit on Nasdaq. We cannot guarantee that our securities will be
approved for listing on Nasdaq. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="x_013"></A>U.S.&nbsp;FEDERAL
INCOME TAX CONSIDERATIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following discussion is a summary of certain material U.S.
federal income tax consequences of the acquisition, ownership and disposition of our units, shares of Class A common stock and
warrants, which we refer to collectively as our securities. Because the components of a unit are separable at the option of the
holder, the holder of a unit generally should be treated, for U.S. federal income tax purposes, as the owner of the underlying
Class A common stock and one-half&nbsp;of one redeemable warrant components of the unit, as the case may be. As a result, the
discussion below with respect to actual holders of Class A common stock and warrants should also apply to holders of units (as
the deemed owners of the underlying Class A common stock and warrants that comprise the units). This discussion applies only to
securities that are held as capital assets within the meaning of Section 1221 of the Internal Revenue Code of 1986, as amended
(the &#8220;Code&#8221;), for U.S. federal income tax purposes and is applicable only to holders who purchased units in this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This discussion is a summary only and does not describe all
of the tax consequences that may be relevant to you in light of your particular circumstances, including, but not limited to,
the alternative minimum tax, the Medicare tax on certain investment income and the different consequences that may apply if you
are subject to special rules that apply to certain types of investors, including, but not limited to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;financial
institutions or financial services entities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;broker-dealers;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;governments
or agencies or instrumentalities thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;regulated
investment companies;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;real
estate investment trusts;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;expatriates
or former long-term&nbsp;residents of the United States;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;insurance
companies;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;dealers
or traders subject to a mark-to-market&nbsp;method of accounting with respect to the securities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;persons
holding the securities as part of a &#8220;straddle,&#8221; hedge, integrated investment or similar transaction;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S.
holders (as defined below) whose functional currency is not the U.S. dollar;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;partnerships
or other pass-through&nbsp;entities or arrangements for U.S. federal income tax purposes and any beneficial owners of such entities
or arrangements; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;tax-exempt&nbsp;entities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If a partnership (including an entity or arrangement treated
as a partnership for U.S. federal income tax purposes) or other pass through entity holds our units, shares of Class A common
stock or warrants, the U.S. federal income tax treatment of a partner in the partnership or equity holder in the pass through
entity generally will depend upon the status of the partner or equity holder, upon the activities of the partnership or other
pass through entity and upon certain determinations made at the partner or equity holder level. Accordingly, we urge partners
in partnerships (including entities or arrangements treated as partnerships for U.S. federal income tax purposes) and equity holders
in such other pass through entities considering the purchase of our securities to consult their tax advisors regarding the U.S.
federal income tax considerations of the purchase, ownership and disposition of our securities by such partnership or pass through
entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This discussion is based on the Code and administrative pronouncements,
judicial decisions and final, temporary and proposed Treasury regulations as of the date hereof, which are subject to change,
possibly on a retroactive basis, and changes to any of which subsequent to the date of this prospectus may affect the tax consequences
described herein. This discussion does not address any aspect of state, local or non-U.S. taxation, or any U.S. federal taxes
other than income taxes (such as gift and estate taxes).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We have not sought and will not seek any rulings from the IRS
regarding the matters discussed below. There can be no assurance that the IRS or court will not take a contrary position regarding
the tax consequences of the purchase, ownership and disposition of our securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">You are urged to consult your tax advisor with respect to the
application of U.S. federal tax laws to your particular situation, as well as any tax consequences arising under the laws of any
state, local or foreign jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Personal Holding Company Status</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We could be subject to a second level of U.S. federal income
tax on a portion of our income if we are determined to be a personal holding company, or PHC, for U.S. federal income tax purposes.
A U.S. corporation generally will be classified as a PHC for U.S. federal income tax purposes in a given taxable year if (i) at
any time during the last half of such taxable year, five or fewer individuals (without regard to their citizenship or residency
and including as individuals for this purpose certain entities such as certain tax-exempt&nbsp;organizations, pension funds and
charitable trusts) own or are deemed to own (pursuant to certain constructive ownership rules) more than 50% of the stock of the
corporation by value and (ii) at least 60% of the corporation&#8217;s adjusted ordinary gross income, as determined for U.S. federal
income tax purposes, for such taxable year consists of PHC income (which includes, among other things, dividends, interest, certain
royalties, annuities and, under certain circumstances, rents).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Depending on the date and size of our initial business combination,
it is possible that at least 60% of our adjusted ordinary gross income may consist of PHC income. In addition, depending on the
concentration of our stock in the hands of individuals, including the members of our sponsor and certain tax-exempt&nbsp;organizations,
pension funds and charitable trusts, it is possible that more than 50% of our stock may be owned or deemed owned (pursuant to
the constructive ownership rules) by such persons during the last half of a taxable year. Thus, no assurance can be given that
we will not be a PHC following this offering or in the future. If we are or were to become a PHC in a given taxable year, we would
be subject to an additional PHC tax, currently 20%, on our undistributed PHC income, which generally includes our taxable income,
subject to certain adjustments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Allocation of Purchase Price and Characterization of a Unit</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">No statutory, administrative or judicial authority directly
addresses the treatment of a unit or instruments similar to a unit for U.S. federal income tax purposes and, therefore, that treatment
is not entirely clear. The acquisition of a unit should be treated for U.S. federal income tax purposes as the acquisition of
one share of our Class A common stock and one-half&nbsp;of one warrant to acquire one share of our Class A common stock. For U.S.
federal income tax purposes, each holder of a unit must allocate the purchase price paid by such holder for such unit between
the one share of Class A common stock and the one-half&nbsp;of one warrant based on the relative fair market value of each at
the time of issuance. The price allocated to each share of Class A common stock and the one-half&nbsp;of one warrant should be
the stockholder&#8217;s tax basis in such share or one-half&nbsp;of one warrant, as the case may be. Any disposition of a unit
should be treated for U.S. federal income tax purposes as a disposition of the share of Class A common stock and one-half&nbsp;of
one warrant comprising the unit, and the amount realized on the disposition should be allocated between the Class A common stock
and the one-half&nbsp;of one warrant based on their respective relative fair market value at the time of disposition. The separation
of shares of Class A common stock and warrants comprising units should not be a taxable event for U.S. federal income tax purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The foregoing treatment of the shares of Class A common stock
and warrants and a holder&#8217;s purchase price allocation are not binding on the Internal Revenue Service (&#8220;IRS&#8221;)
or the courts. Because there are no authorities that directly address instruments that are similar to the units, no assurance
can be given that the IRS or the courts will agree with the characterization described above or the discussion below. Accordingly,
each prospective investor is urged to consult its own tax advisors regarding the tax consequences of an investment in a unit (including
alternative characterizations of a unit). The balance of this discussion assumes that the characterization of the units described
above is respected for U.S. federal income tax purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>U.S.&nbsp;Holders</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This section applies to you if you are a &#8220;U.S. holder.&#8221;
A U.S. holder is a beneficial owner of our units, shares of Class A common stock or warrants who or that is, for U.S. federal
income tax purposes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;an
individual who is a citizen or resident of the United States;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
corporation (or other entity taxable as a corporation for U.S. federal income tax purposes) organized in or under the laws of
the United States, any state thereof or the District of Columbia;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;an
estate the income of which is includible in gross income for U.S. federal income tax purposes regardless of its source; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
trust, if (i) a court within the United States is able to exercise primary supervision over the administration of the trust and
one or more United States persons (as defined in the Code) have authority to control all substantial decisions of the trust or
(ii) it has a valid election in effect under Treasury Regulations to be treated as a United States person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Taxation of&nbsp;Distributions.&nbsp;&nbsp;&nbsp;&nbsp;</I>If
we pay distributions in cash or other property to U.S. holders of shares of our Class&nbsp;A common stock, such distributions
generally will constitute dividends for U.S. federal income tax purposes to the extent paid from our current or accumulated earnings
and profits, as determined under U.S. federal income tax principles. Distributions in excess of current and accumulated earnings
and profits will constitute a return of capital that will be applied against and reduce (but not below zero) the U.S. holder&#8217;s
adjusted tax basis in our Class A common stock. Any remaining excess will be treated as gain realized on the sale or other disposition
of the Class A common stock and will be treated as described under &#8220;U.S. Holders &#8212; Gain or Loss on Sale, Taxable Exchange
or Other Taxable Disposition of Class A Common Stock and Warrants&#8221; below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dividends we pay to a U.S. holder that is a taxable corporation
generally will qualify for the dividends received deduction if the requisite holding period is satisfied. With certain exceptions
(including, but not limited to, dividends treated as investment income for purposes of investment interest deduction limitations),
and provided certain holding period requirements are met, dividends we pay to a non-corporate&nbsp;U.S. holder generally will
constitute &#8220;qualified dividends&#8221; that will be subject to tax at the maximum tax rate accorded to long-term&nbsp;capital
gains. It is unclear whether the redemption rights with respect to the Class A common stock described in this prospectus may prevent
a U.S. holder from satisfying the applicable holding period requirements with respect to the dividends received deduction or the
preferential tax rate on qualified dividend income, as the case may be. If the holding period requirements are not satisfied,
then a corporation may not be able to qualify for the dividends received deduction and would have taxable income equal to the
entire dividend amount, and non-corporate&nbsp;holders may be subject to tax on such dividend at regular ordinary income tax rates
instead of the preferential rate that applies to qualified dividend income.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Gain or Loss on Sale, Taxable&nbsp;Exchange or Other Taxable
Disposition of Class A Common Stock&nbsp;and Warrants.&nbsp;&nbsp;&nbsp;&nbsp;</I>Upon a sale or other taxable disposition of
our Class A common stock or warrants which, in general, would include a redemption of Class A common stock or warrants that is
treated as a sale of such securities as described below, and including, as a result of a dissolution and liquidation in the event
we do not consummate an initial business combination within the required time period, a U.S. holder generally will recognize capital
gain or loss in an amount equal to the difference between the amount realized and the U.S. holder&#8217;s adjusted tax basis in
the Class A common stock or warrants. Any such capital gain or loss generally will be long-term&nbsp;capital gain or loss if the
U.S. holder&#8217;s holding period for the Class A common stock or warrants so disposed of exceeds one year. It is unclear, however,
whether the redemption rights with respect to the Class A common stock described in this prospectus may suspend the running of
the applicable holding period for this purpose. If the running of the holding period for the Class&nbsp;A common stock is suspended,
then non-corporate&nbsp;U.S. holders may not be able to satisfy the one-year&nbsp;holding period requirement for long-term&nbsp;capital
gain treatment, in which case any gain on a sale or taxable disposition of the shares or warrants would be subject to short-term&nbsp;capital
gain treatment and would be taxed at regular ordinary income tax rates. Long-term&nbsp;capital gains recognized by non-corporate&nbsp;U.S.
holders will be eligible to be taxed at reduced rates. The deductibility of capital losses is subject to limitations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Generally, the amount of gain or loss recognized by a U.S.
holder is an amount equal to the difference between (i) the sum of the amount of cash and the fair market value of any property
received in such disposition (or, if the Class A common stock or warrants are held as part of units at the time of the disposition,
the portion of the amount realized on such disposition that is allocated to the Class A common stock or the warrants based upon
the then fair market value of the Class A common stock and the warrants included in the units) and (ii) the U.S. holder&#8217;s
adjusted tax basis in its Class A common stock or warrants so disposed of. A U.S. holder&#8217;s adjusted tax basis in its Class
A common stock or warrants generally will equal the U.S. holder&#8217;s acquisition cost (that is, as discussed above, the portion
of the purchase price of a unit allocated to a share of Class A common stock or one-half&nbsp;of one warrant or, as discussed
below, the U.S. holder&#8217;s initial basis for Class A common stock received upon exercise of warrants) less, in the case of
a share of Class A common stock, any prior distributions treated as a return of capital.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Redemption of&nbsp;Class A Common Stock.&nbsp;&nbsp;&nbsp;&nbsp;</I>In
the event that a U.S. holder&#8217;s Class A common stock is redeemed pursuant to the redemption provisions described in this
prospectus under the section of this prospectus entitled &#8220;Description of Securities &#8212; Common Stock&#8221; or if we
purchase a U.S. holder&#8217;s Class A common stock in an open market transaction (each of which we refer to as a &ldquo;redemption&rdquo;),
the treatment of the transaction for U.S. federal income tax purposes will depend on whether the redemption qualifies as a sale
of the Class A common stock under Section 302 of the Code. If the redemption qualifies as a sale of common stock, the U.S. holder
will be treated as described under &#8220;U.S. Holders &#8212; Gain or Loss on Sale, Taxable Exchange or Other Taxable Disposition
of Class A Common Stock and Warrants&#8221; above. If the redemption does not qualify as a sale of common stock, the U.S. holder
will be treated as receiving a corporate distribution with the tax consequences described above under &#8220;U.S. Holders &#8212;
Taxation of Distributions.&#8221; Whether a redemption qualifies for sale treatment will depend largely on the total number of
shares of our stock treated as held by the U.S. holder (including any stock constructively owned by the U.S. holder as a result
of owning warrants) relative to all of our shares outstanding both before and after the redemption. The redemption of Class A
common stock generally will be treated as a sale of the Class A common stock (rather than as a corporate distribution) if the
redemption (i) is &#8220;substantially disproportionate&#8221; with respect to the U.S. holder, (ii) results in a &#8220;complete
termination&#8221; of the U.S. holder&#8217;s interest in us or (iii) is &#8220;not essentially equivalent to a dividend&#8221;
with respect to the U.S. holder. These tests are explained more fully below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In determining whether any of the foregoing tests are satisfied,
a U.S. holder takes into account not only stock actually owned by the U.S. holder, but also shares of our stock that are constructively
owned by it. A U.S. holder may constructively own, in addition to stock owned directly, stock owned by certain related individuals
and entities in which the U.S. holder has an interest or that have an interest in such U.S. holder, as well as any stock the U.S.
holder has a right to acquire by exercise of an option, which would generally include Class A common stock which could be acquired
pursuant to the exercise of the warrants. In order to meet the substantially disproportionate test, the percentage of our outstanding
voting stock actually and constructively owned by the U.S. holder immediately following the redemption of Class A common stock
must, among other requirements, be less than 80% of the percentage of our outstanding voting stock actually and constructively
owned by the U.S. holder immediately before the redemption. There will be a complete termination of a U.S. holder&#8217;s interest
if either (i) all of the shares of our stock actually and constructively owned by the U.S. holder are redeemed or (ii) all of
the shares of our stock actually owned by the U.S. holder are redeemed and the U.S. holder is eligible to waive, and effectively
waives in accordance with specific rules, the attribution of stock owned by certain family members and the U.S. holder does not
constructively own any other shares of our stock. The redemption of the Class A common stock will not be essentially equivalent
to a dividend if the redemption results in a &#8220;meaningful reduction&#8221; of the U.S. holder&#8217;s proportionate interest
in us. Whether the redemption will result in a meaningful reduction in a U.S. holder&#8217;s proportionate interest in us will
depend on the particular facts and circumstances. However, the IRS has indicated in a published ruling that even a small reduction
in the proportionate interest of a small minority stockholder in a publicly held corporation who exercises no control over corporate
affairs may constitute such a &#8220;meaningful reduction.&#8221; A U.S. holder should consult with its own tax advisors as to
the tax consequences of a redemption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If none of the foregoing tests is satisfied, then the redemption
will be treated as a corporate distribution and the tax effects will be as described under &#8220;U.S. Holders &#8212; Taxation
of Distributions,&#8221; above. After the application of those rules, any remaining tax basis of the U.S. holder in the redeemed
Class A common stock will be added to the U.S.&nbsp;holder&#8217;s adjusted tax basis in its remaining stock, or, if it has none,
to the U.S. holder&#8217;s adjusted tax basis in its warrants or possibly in other stock constructively owned by it.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Exercise or Lapse of a Warrant.&nbsp;&nbsp;&nbsp;&nbsp;</I>Except
as discussed below with respect to the cashless exercise of a warrant, a U.S.&nbsp;holder generally will not recognize taxable
gain or loss on the acquisition of common stock upon exercise of a warrant for cash. The U.S. holder&#8217;s tax basis in the
share of our Class A common stock received upon exercise of the warrant generally will be an amount equal to the sum of the U.S.
holder&#8217;s initial investment in the warrant (i.e.,&nbsp;the portion of the U.S. holder&#8217;s purchase price for a unit
that is allocated to the warrant, as described above under &#8220;&#8212;&nbsp;Allocation of Purchase Price and Characterization
of a Unit&#8221;) and the exercise price. It is unclear whether the U.S. holder&#8217;s holding period for the Class A common
stock received upon exercise of the warrants will begin on the date following the date of exercise or on the date of exercise
of the warrants; in either case, the holding period will not include the period during which the U.S. holder held the warrants.
If a warrant is allowed to lapse unexercised, a U.S. holder generally will recognize a capital loss equal to such holder&#8217;s
tax basis in the warrant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The tax consequences of a cashless exercise of a warrant are
not clear under current tax law. A cashless exercise may be tax-free, either because the exercise is not a realization event or
because the exercise is treated as a recapitalization for U.S. federal income tax purposes. In either tax-free&nbsp;situation,
a U.S. holder&#8217;s basis in the Class&nbsp;A common stock received would equal the holder&#8217;s basis in the warrants exercised
therefor. If the cashless exercise were treated as not being a realization event, it is unclear whether a U.S. holder&#8217;s
holding period in the Class A common stock would be treated as commencing on the date following the date of exercise or on the
date of exercise of the warrant. If the cashless exercise were treated as a recapitalization, the holding period of the Class
A common stock would include the holding period of the warrants exercised therefor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">It is also possible that a cashless exercise could be treated
in whole or in part as a taxable exchange in which gain or loss would be recognized. In such event, a U.S. holder may be deemed
to have surrendered a number of warrants with an aggregate fair market value equal to the exercise price for the total number
of warrants to be exercised. The U.S. holder would recognize capital gain or loss in an amount equal to the difference between
the fair market value of the Class A common stock represented by the warrants deemed surrendered and the U.S. holder&#8217;s tax
basis in the warrants deemed surrendered. In this case, a U.S. holder&#8217;s tax basis in the Class A common stock received would
equal the sum of the U.S. holder&#8217;s initial investment in the warrants exercised (i.e., the portion of the U.S. holder&#8217;s
purchase price for a unit that is allocated to the warrant, as described above under &#8220;&#8212; Allocation of Purchase Price
and Characterization of a Unit&#8221;) and the exercise price of such warrants. It is unclear whether a U.S. holder&#8217;s holding
period for the Class A common stock would commence on the date following the date of exercise or on the date of exercise of the
warrant; in either case, the holding period would not include the period during which the U.S. holder held the warrant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Due to the absence of authority on the U.S. federal income
tax treatment of a cashless exercise, including when a U.S. holder&#8217;s holding period would commence with respect to the Class
A common stock received, there can be no assurance which, if any, of the alternative tax consequences and holding periods described
above would be adopted by the IRS or a court of law. Accordingly, U.S. holders should consult their tax advisors regarding the
tax consequences of a cashless exercise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Possible&nbsp;Constructive Distributions.&nbsp;&nbsp;&nbsp;&nbsp;</I>The
terms of each warrant provide for an adjustment to the number of shares of Class A common stock for which the warrant may be exercised
or to the exercise price of the warrant in certain events, as discussed in the section of this prospectus entitled &#8220;Description
of Securities &#8212; Redeemable Warrants &#8212; Public Stockholders&#8217; Warrants.&#8221; An adjustment which has the effect
of preventing dilution generally is not taxable. The U.S. holders of the warrants would, however, be treated as receiving a constructive
distribution from us if, for example, the adjustment to the number of such shares or to such exercise price increases the warrantholders&#8217;
proportionate interest in our assets or earnings and profits (e.g., through an increase in the number of shares of Class A common
stock that would be obtained upon exercise or through a decrease in the exercise price of the warrant). Such constructive distribution
would be subject to tax in the same manner as if the U.S. holders of the warrants received a cash distribution from us equal to
the fair market value of such increased interest resulting from the adjustment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Information Reporting and Backup&nbsp;Withholding.&nbsp;&nbsp;&nbsp;&nbsp;</I>In
general, information reporting requirements may apply to dividends paid to a U.S. holder and to the proceeds of the sale or other
disposition of our units, shares of Class A common stock and warrants, unless the U.S. holder is an exempt recipient. Backup withholding
may apply to such payments if the U.S. holder fails to provide a taxpayer identification number, a certification of exempt status
or has been notified by the IRS that it is subject to backup withholding (and such notification has not been withdrawn).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Backup withholding is not an additional tax. Any amounts withheld
under the backup withholding rules will be allowed as a refund or a credit against a U.S. holder&#8217;s U.S. federal income tax
liability provided the required information is timely furnished to the IRS.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">All U.S. holders should consult their tax advisors regarding
the application of information reporting and backup withholding to them.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Non-U.S. Holders</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This section applies to you if you are a &#8220;Non-U.S. holder.&#8221;
As used herein, the term &#8220;Non-U.S. holder&#8221; means a beneficial owner of our units, Class A common stock or warrants
who or that is for U.S. federal income tax purposes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
non-resident&nbsp;alien individual (other than certain former citizens and residents of the United States subject to&nbsp;U.S.
tax as expatriates);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
foreign corporation; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;an
estate or trust that is not a U.S. holder;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">but generally does not include an individual who is present
in the United States for 183 days or more in the taxable year of disposition. If you are such an individual, you should consult
your tax advisor regarding the U.S. federal income tax consequences of the acquisition, ownership or sale or other disposition
of our securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Taxation of Distributions.&nbsp;&nbsp;&nbsp;&nbsp;</I>In
general, any distributions (including constructive distributions) we make to a Non-U.S. holder of shares of our Class A common
stock, to the extent paid out of our current or accumulated earnings and profits (as determined under U.S. federal income tax
principles), will constitute dividends for U.S. federal income tax purposes and, provided such dividends are not effectively connected
with the Non-U.S. holder&#8217;s conduct of a trade or business within the United States, we will be required to withhold tax
from the gross amount of the dividend at a rate of 30%, unless such Non-U.S. holder is eligible for a reduced rate of withholding
tax under an applicable income tax treaty and provides proper certification of its eligibility for such reduced rate (usually
on an IRS Form W-8BEN&nbsp;or W-8BEN-E). In the case of any constructive dividend, it is possible that this tax would be withheld
from any amount owed to a Non-U.S. holder by the applicable withholding agent, including cash distributions on other property
or sales proceeds from warrants or other property subsequently paid or credited to such holder. Any distribution not constituting
a dividend will be treated first as reducing (but not below zero) the Non-U.S. holder&#8217;s adjusted tax basis in its shares
of our Class A common stock and, to the extent such distribution exceeds the Non-U.S. holder&#8217;s adjusted tax basis, as gain
realized from the sale or other disposition of the Class A common stock, which will be treated as described under &#8220;Non-U.S.
Holders &#8212; Gain on Sale, Taxable Exchange or Other Taxable Disposition of Class A Common Stock and Warrants&#8221; below.
In addition, if we determine that we are classified as a &#8220;United States real property holding corporation&#8221; (see &#8220;Non-U.S.
Holders &#8212; Gain on Sale, Taxable Exchange or Other Taxable Disposition of Class A Common Stock and Warrants&#8221; below),
we will withhold 15% of any distribution that exceeds our current and accumulated earnings and profits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The withholding tax does not apply to dividends paid to a Non-U.S.
holder who provides a Form W-8ECI, certifying that the dividends are effectively connected with the Non-U.S. holder&#8217;s conduct
of a trade or business within the United States. Instead, such dividends generally will be subject to U.S. federal income tax,
net of certain deductions, at the same graduated individual or corporate rates applicable to U.S. holder (subject to an exemption
or reduction in such tax as may be provided by an applicable income tax treaty). A Non-U.S. corporation receiving effectively
connected dividends may also be subject to an additional &#8220;branch profits tax&#8221; imposed at a rate of 30% (or a lower
applicable treaty rate).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Gain on Sale, Taxable&nbsp;Exchange or Other Taxable Disposition
of Class A Common&nbsp;Stock and Warrants.&nbsp;&nbsp;&nbsp;&nbsp;</I>A Non-U.S. holder generally will not be subject to U.S.
federal income or withholding tax in respect of gain recognized on a sale, taxable exchange or other taxable disposition of our
Class A common stock, which would include a dissolution and liquidation in the event we do not complete an initial business combination
within the required time period, or warrants (including an expiration or redemption of our warrants), in each case without regard
to whether those securities were held as part of a unit, unless:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
gain is effectively connected with the conduct of a trade or business by the Non-U.S. holder within the United States (and, under
certain income tax treaties, is attributable to a United States permanent establishment or fixed base maintained by the Non-U.S.
holder); or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;we
are or have been a &#8220;United States real property holding corporation&#8221; for U.S. federal income tax purposes at any time
during the shorter of the five-year&nbsp;period ending on the date of disposition or the period that the Non-U.S. holder held
our Class A common stock, and, in the case where shares of our Class&nbsp;A common stock are regularly traded on an established
securities market, the Non-U.S. holder has owned, directly or constructively, more than 5% of our Class A common stock at any
time within the shorter of the five-year&nbsp;period preceding the disposition or such Non-U.S. holder&#8217;s holding period
for the shares of our Class A common stock. There can be no assurance that our Class A common stock will be treated as regularly
traded on an established securities market for this purpose.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Unless an applicable treaty provides otherwise, gain described
in the first bullet point above will be subject to tax at generally applicable U.S. federal income tax rates as if the Non-U.S.
holder were a United States resident. Any gains described in the first bullet point above of a Non-U.S. holder that is a foreign
corporation may also be subject to an additional &#8220;branch profits tax&#8221; at a 30% rate (or lower treaty rate).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If the second bullet point above applies to a Non-U.S. holder,
gain recognized by such holder on the sale, exchange or other disposition of our Class A common stock or warrants will be subject
to tax at generally applicable U.S. federal income tax rates. In addition, a buyer of our Class A common stock or warrants from
such holder may be required to withhold U.S. federal income tax at a rate of 15% of the amount realized upon such disposition.
We cannot determine whether we will be a United States real property holding corporation in the future until we complete an initial
business combination. We will be classified as a United States real property holding corporation if the fair market value of our
 &#8220;United States real property interests&#8221; equals or exceeds 50% of the sum of the fair market value of our worldwide
real property interests plus our other assets used or held for use in a trade or business, as determined for U.S. federal income
tax purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Redemption of&nbsp;Class A Common Stock.&nbsp;&nbsp;&nbsp;&nbsp;</I>The
characterization for U.S. federal income tax purposes of the redemption of a Non-U.S. holder&#8217;s Class A common stock generally
will correspond to the U.S. federal income tax characterization of such a redemption of a U.S. holder&#8217;s Class A common stock,
as described under &#8220;U.S. Holders&nbsp;&#8212;Redemption of Class A Common Stock&#8221; above, and the consequences of the
redemption to the Non-U.S. holder will be as described above under &#8220;Non-U.S. Holders &#8212; Taxation of Distributions&#8221;
and &#8220;Non-U.S. Holders &#8212; Gain on Sale, Taxable Exchange or Other Taxable Disposition of Class A Common Stock and Warrants,&#8221;
as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Exercise of a Warrant.&nbsp;&nbsp;&nbsp;&nbsp;</I>The U.S.
federal income tax treatment of a Non-U.S. holder&#8217;s exercise of a warrant, or the lapse of a warrant held by a Non-U.S.
holder, generally will correspond to the U.S. federal income tax treatment of the exercise or lapse of a warrant by a U.S. holder,
as described under &#8220;U.S. Holders &#8212; Exercise or Lapse of a Warrant&#8221; above, although to the extent a cashless
exercise results in a taxable exchange, the consequences would be similar to those described above in &#8220;Non-U.S. Holders
 &#8212; Gain on Sale, Taxable Exchange or Other Taxable Disposition of Class A Common Stock and Warrants.&#8221;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Possible Constructive Distributions</I>.&nbsp;&nbsp;&nbsp;&nbsp;The
terms of each warrant provide for an adjustment to the number of shares of Class A common stock for which the warrant may be exercised
or to the exercise price of the warrant in certain events, as discussed in the section of this prospectus entitled &#8220;Description
of Securities &#8212; Redeemable Warrants &#8212; Public Stockholders&#8217; Warrants.&#8221; An adjustment which has the effect
of preventing dilution generally is not taxable. The Non-U.S. holders of the warrants would, however, be treated as receiving
a constructive distribution from us if, for example, the adjustment to the number of such shares or to such exercise price increases
the warrantholders&#8217; proportionate interest in our assets or earnings and profits (e.g., through an increase in the number
of shares of Class&nbsp;A common stock that would be obtained upon exercise or through a decrease in the exercise price of the
warrant) as a result of a distribution of cash or other property, such as other securities, to the holders of shares of our Class
A common stock, or as a result of the issuance of a stock dividend to holders of shares of our Class A common stock, in each case
which is taxable to the holders of such shares as a distribution. Such constructive distribution would be subject to tax in the
same manner as if the Non-U.S. holders of the warrants received a cash distribution from us equal to the fair market value of
such increased interest resulting from the adjustment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Information Reporting and Backup Withholding.&nbsp;&nbsp;&nbsp;&nbsp;</I>Information
returns will be filed with the IRS in connection with payments of dividends and the proceeds from a sale or other disposition
of our units, shares of Class A common stock and warrants. A Non-U.S. holder may have to comply with certification procedures
to establish that it is not a United States person in order to avoid information reporting and backup withholding requirements.
The certification procedures required to claim a reduced rate of withholding under a treaty generally will satisfy the certification
requirements necessary to avoid the backup withholding as well.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Backup withholding is not an additional tax. The amount of
any backup withholding from a payment to a Non-U.S. holder will be allowed as a credit against such holder&#8217;s U.S. federal
income tax liability and may entitle such holder to a refund; provided that the required information is timely furnished to the
IRS.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">All Non-U.S. holders should consult their tax advisors regarding
the application of information reporting and backup withholding to them.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>FATCA Withholding Taxes.&nbsp;&nbsp;&nbsp;&nbsp;</I>Sections
1471 through 1474 of the Code and the Treasury Regulations and administrative guidance promulgated thereunder (commonly referred
as the &#8220;Foreign Account Tax Compliance Act&#8221; or &#8220;FATCA&#8221;) generally impose withholding at a rate of 30%
in certain circumstances on dividends in respect of our securities which are held by or through certain foreign financial institutions
(including investment funds), unless any such institution (1) enters into, and complies with, an agreement with the IRS to report,
on an annual basis, information with respect to interests in, and accounts maintained by, the institution that are owned by certain
U.S. persons and by certain non-U.S. entities that are wholly or partially owned by U.S. persons and to withhold on certain payments,
or (2) if required under an intergovernmental agreement between the United States and an applicable foreign country, reports such
information to its local tax authority, which will exchange such information with the U.S. authorities. An intergovernmental agreement
between the United States and an applicable foreign country may modify these requirements. Accordingly, the entity through which
our securities are held will affect the determination of whether such withholding is required. Similarly, dividends in respect
of our securities held by an investor that is a non-financial&nbsp;non-U.S. entity that does not qualify under certain exceptions
will generally be subject to withholding at a rate of 30%, unless such entity either (1) certifies to us or the applicable withholding
agent that such entity does not have any &#8220;substantial United States owners&#8221; or (2) provides certain information regarding
the entity&#8217;s &#8220;substantial United States owners,&#8221; which will in turn be provided to the U.S. Department of Treasury.
All prospective investors should consult their tax advisors regarding the possible implications of FATCA on their investment in
our securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Thirty&nbsp;<I>percent&nbsp;</I>withholding under FATCA was
scheduled to apply to payments of gross proceeds from the sale or other disposition of property that produces U.S.-source&nbsp;interest
or dividends beginning on January&nbsp;1, 2019, but on December&nbsp;13, 2018, the IRS released proposed regulations that, if
finalized in their proposed form, would eliminate the obligation to withhold on gross proceeds. Such proposed regulations also
delayed withholding on certain other payments received from other foreign financial institutions that are allocable, as provided
for under final Treasury Regulations, to payments of U.S.-source&nbsp;dividends, and other fixed or determinable annual or periodic
income. Although these proposed Treasury Regulations are not final, taxpayers generally may rely on them until final Treasury
Regulations are issued.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Split-Segment; Name: 13 -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="x_014"></A>UNDERWRITING</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Raymond James &amp; Associates, Inc. and EarlyBirdCapital,
Inc. are acting as joint book-running&nbsp;managers of the offering and as representatives of the underwriters named below. Subject
to the terms and conditions set forth in the underwriting agreement between us and Raymond James &amp; Associates, Inc. and EarlyBirdCapital,
Inc., we have agreed to sell to the underwriters, and each of the underwriters has agreed, severally and not jointly, to purchase
from us, the respective number of units shown opposite its name below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif">Underwriter</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">Number&nbsp;of&nbsp;Units</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 87%; text-align: left">Raymond James &amp; Associates, Inc.</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">EarlyBirdCapital, Inc.</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">Total</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">20,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The underwriting agreement will provide that the obligations
of the underwriters to purchase the units included in this offering are subject to all applicable laws and regulations and certain
conditions precedent such as the receipt by the underwriters of officers&#8217; certificates and legal opinions and approval of
certain legal matters by their counsel. The underwriting agreement will provide that the underwriters will purchase all of the
units if any of them are purchased (other than those covered by the over-allotment&nbsp;option described below). We have agreed
to indemnify the underwriters and certain of their controlling persons against certain liabilities, including liabilities under
the Securities Act, and to contribute to payments that the underwriters may be required to make in respect of those liabilities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The underwriters have advised us that, following the completion
of this offering, they currently intend to make a market in the units as permitted by applicable laws and regulations. However,
the underwriters are not obligated to do so, and the underwriters may discontinue any market-making&nbsp;activities at any time
without notice in their sole discretion. Accordingly, no assurance can be given as to the liquidity of the trading market for
the units, that you will be able to sell any of the units held by you at a particular time or that the prices that you receive
when you sell will be favorable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The underwriters are offering the units subject to their acceptance
of the units from us and subject to prior sale. The underwriters reserve the right to withdraw, cancel or modify offers to the
public and to reject orders in whole or in part. In addition, the underwriters have advised us that they do not intend to confirm
sales to any account over which they exercise discretionary authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Commission and Expenses</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The underwriters have advised us that they propose to offer
the units to the public at the initial public offering price set forth on the cover page of this prospectus and to certain dealers,
which may include the underwriters, at that price less a concession not in excess of $___ per unit. The underwriters may allow,
and certain dealers may reallow, a discount from the concession not in excess of $___ per unit to certain brokers and dealers.
After the offering, the initial public offering price, concession and reallowance to dealers may be reduced by the representatives.
No such reduction will change the amount of proceeds to be received by us as set forth on the cover page of this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following table shows the public offering price, the underwriting
discounts and commissions that we are to pay the underwriters and the proceeds, before expenses, to us in connection with this
offering. Such amounts are shown assuming both no exercise and full exercise of the underwriters&#8217; option to purchase additional
units.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Paid&nbsp;by&nbsp;Recharge
    Acquisition Corp.<SUP>(2)</SUP></B></FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">No
    Exercise</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Full
    Exercise</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 74%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Per&nbsp;Unit<SUP>(1)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">0.55</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">0.55</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total<SUP>(1)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">11,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">12,650,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.20
per unit, or $4,000,000 in the aggregate (or $4,600,000 in the aggregate if the underwriters&#8217; option to purchase additional
units is exercised in full), is payable upon the closing of this offering. $0.35 per unit, or $7,000,000 in the aggregate (or
$8,050,000 in the aggregate if the underwriters&#8217; option to purchase additional units is exercised in full) payable to the
underwriters for deferred underwriting commissions will be placed in a trust account located in the United States as described
herein. The deferred commissions will be released to the underwriters only on and concurrently with completion of an initial business
combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If we do not complete our initial business combination within
24&nbsp;months from the closing of this offering, the underwriters have agreed that (i) they will forfeit any rights or claims
to their deferred underwriting discounts and commissions, including any accrued interest thereon, then in the trust account and
(ii) the deferred underwriters&#8217; discounts and commissions will be distributed on a&nbsp;<I>pro rata&nbsp;</I>basis, together
with any accrued interest thereon (which interest will be net of taxes payable) to the public stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We estimate expenses payable by us in connection with this
offering, other than the underwriting discounts and commissions referred to above, will be approximately $750,000. We have agreed
to pay for FINRA-related&nbsp;fees and expenses of the underwriters&#8217; legal counsel, not to exceed $15,000 and have agreed
to provide Raymond James &amp; Associates, Inc. with a right of first refusal  to participate as lead underwriter or placement
agent, with at least 50% of the economics for any such offering, for any public or private securities offerings up to the consummation
of our initial business combination. In accordance with FINRA Rule 5110(f)(2)(E)(i), such right of first refusal shall not have
a duration of more than three years from the effective date of the registration statement of which this prospectus forms a part.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Determination of&nbsp;Offering Price</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Prior to this offering, there has not been a public market
for our securities. Consequently, the initial public offering price for our units was determined by negotiations between us and
the representatives. Among the factors considered in these negotiations were the history and prospects of companies whose principal
business is the acquisition of other companies, prior offerings of those companies, our management, our capital structure, and
currently prevailing general conditions in equity securities markets, including current market valuations of publicly traded companies
considered comparable to our company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We offer no assurances that the initial public offering price
will correspond to the price at which the units will trade in the public market subsequent to the offering or that an active trading
market for the units will develop and continue after the offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Listing</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> We have applied to have our units listed on Nasdaq under
the trading symbol &#8220;RCHGU.&#8221; We expect that our Class A common stock and warrants will be listed under the symbols
 &#8220;RCHG&#8221; and &#8220;RCHGW,&#8221; respectively, once the Class A common stock and warrants begin separate trading. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Stamp Taxes</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If you purchase units offered in this prospectus, you may be
required to pay stamp taxes and other charges under the laws and practices of the country of purchase, in addition to the offering
price listed on the cover page of this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Option to&nbsp;Purchase Additional Units</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We have granted to the underwriters an option, exercisable
for 45 days from the date of this prospectus, to purchase, from time to time, in whole or in part, up to an aggregate of 3,000,000
units from us at the public offering price set forth on the cover page of this prospectus, less underwriting discounts and commissions.
If the underwriters exercise this option, each underwriter will be obligated, subject to specified conditions, to purchase a number
of additional units proportionate to that underwriter&#8217;s initial purchase commitment as indicated in the table above. This
option may be exercised only if the underwriters sell more units than the total number set forth on the cover page of this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Letter Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We, our sponsor and our officers and directors have agreed
that, for a period of 180 days from the date of this prospectus, we and they will not, without the prior written consent of Raymond
James &amp; Associates, Inc. and EarlyBirdCapital, Inc., offer, sell, contract to sell, grant any option to sell (including any
short sale), pledge, transfer, establish an open &#8220;put equivalent option&#8221; within the meaning of Rule 16a-l(h) under
the Exchange Act, as amended, or otherwise dispose of, directly or indirectly, any units, warrants, shares of common stock or
any other securities convertible into, or exercisable, or exchangeable for, shares of common stock currently or hereafter owned
either of record or beneficially, or publicly announce an intention to do any of the foregoing; provided, however, that we may
(1) issue and sell the private placement warrants, (2) issue and sell the additional units to cover our underwriters&#8217; over-allotment&nbsp;option
(if any), (3) register with the SEC pursuant to an agreement to be entered into concurrently with the issuance and sale of the
securities in this offering, the resale of the private placement warrants and shares of Class A common stock issuable upon exercise
of the warrants and the founder shares and (4) issue securities in connection with an initial business combination. Raymond James
 &amp; Associates, Inc. and EarlyBirdCapital, Inc. in their sole discretion may release any of the securities subject to these
lock-up&nbsp;agreements at any time without notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our initial stockholders have agreed not to transfer, assign
or sell any of their founder shares until the earlier to occur of (A) one year after the completion of our initial business combination
or (B) subsequent to our initial business combination, (x) if the reported closing price of our Class A common stock equals or
exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for
any 20 trading days within any 30-trading&nbsp;day period commencing at least 150 days after our initial business combination,
or (y) the date on which we complete a liquidation, merger, capital stock exchange, reorganization or other similar transaction
that results in all of our stockholders having the right to exchange their shares of common stock for cash, securities or other
property (except as described herein under the section of this prospectus entitled &#8220;Principal Stockholders&nbsp;&#8212;
Restrictions on Transfers of Founder Shares and Private Placement Warrants&#8221;). Any permitted transferees will be subject
to the same restrictions and other agreements of our initial stockholders with respect to any founder shares. We refer to such
transfer restrictions throughout this prospectus as the lock-up.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The private placement warrants (including the Class A common
stock issuable upon exercise of the private placement warrants) will not be transferable, assignable or salable until 30 days
after the completion of our initial business combination (except with respect to permitted transferees as described herein under
the section of this prospectus entitled &#8220;Principal Stockholders &#8212; Restrictions on Transfers of Founder Shares and
Private Placement Warrants&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Stabilization</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The underwriters have advised us that they, pursuant to Regulation
M under the Exchange Act, as amended, and certain persons participating in the offering may engage in short sale transactions,
purchases to cover short positions, which may include purchases pursuant to the over-allotment&nbsp;option, stabilizing transactions,
syndicate covering transactions or the imposition of penalty bids in connection with this offering. These activities may have
the effect of stabilizing or maintaining the market price of the units at a level above that which might otherwise prevail in
the open market. Establishing short sales positions may involve either &#8220;covered&#8221; short sales or &#8220;naked&#8221;
short sales.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8220;Covered&#8221; short sales are sales made in an amount
not greater than the underwriters&#8217; option to purchase additional units in this offering. The underwriters may close out
any covered short position by either exercising their option to purchase additional units or purchasing units in the open market.
In determining the source of units to close out the covered short position, the underwriters will consider, among other things,
the price of units available for purchase in the open market as compared to the price at which they may purchase units through
the option to purchase additional units.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8220;Naked&#8221; short sales are sales in excess of the
option to purchase additional units. The underwriters must close out any naked short position by purchasing units in the open
market. A naked short position is more likely to be created if the underwriters are concerned that there may be downward pressure
on the price of our units in the open market after pricing that could adversely affect investors who purchase in this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">A stabilizing bid is a bid for the purchase of units on behalf
of the underwriters for the purpose of fixing or maintaining the price of the units. A syndicate covering transaction is the bid
for or the purchase of units on behalf of the underwriters to reduce a short position incurred by the underwriters in connection
with the offering. Similar to other purchase transactions, the underwriter&#8217;s purchases to cover the syndicate short sales
may have the effect of raising or maintaining the market price of our units or preventing or retarding a decline in the market
price of our units. As a result, the price of our units may be higher than the price that might otherwise exist in the open market.
A penalty bid is an arrangement permitting the underwriters to reclaim the selling concession otherwise accruing to a syndicate
member in connection with the offering if the units originally sold by such syndicate member are purchased in a syndicate covering
transaction and therefore have not been effectively placed by such syndicate member.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Neither we nor any of the underwriters make any representation
or prediction as to the direction or magnitude of any effect that the transactions described above may have on the price of our
units. The underwriters are not obligated to engage in these activities and, if commenced, any of the activities may be discontinued
at any time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The underwriters may also engage in passive market making transactions
in our units on Nasdaq in accordance with Rule 103 of Regulation M during a period before the commencement of offers or sales
of our units in this offering and extending through the completion of distribution. A passive market maker must display its bid
at a price not in excess of the highest independent bid of that security. However, if all independent bids are lowered below the
passive market maker&#8217;s bid, that bid must then be lowered when specified purchase limits are exceeded.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Electronic Distribution</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">A prospectus in electronic format may be made available by
e-mail&nbsp;or on the web sites or through online services maintained by one or more of the underwriters or their affiliates.
In those cases, prospective investors may view offering terms online and may be allowed to place orders online. The underwriters
may agree with us to allocate a specific number of units for sale to online brokerage account holders. Any such allocation for
online distributions will be made by the underwriters on the same basis as other allocations. Other than the prospectus in electronic
format, the information on the underwriters&#8217; web sites and any information contained in any other web site maintained by
any of the underwriters is not part of this prospectus, has not been approved and/or endorsed by us or the underwriters and should
not be relied upon by investors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Other Activities and Relationships</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are not under any contractual obligation to engage any of
the underwriters to provide any services for us after this offering, and have no present intent to do so. However, any of the
underwriters may introduce us to potential target businesses or assist us in raising additional capital in the future. If any
of the underwriters provide services to us after this offering, we may pay such underwriter fair and reasonable fees that would
be determined at that time in an arm&#8217;s length negotiation; provided that no agreement will be entered into with any of the
underwriters and no fees for such services will be paid to any of the underwriters prior to the date that is 90 days from the
date of this prospectus, unless FINRA determines that such payment would not be deemed underwriters&#8217; compensation in connection
with this offering and we may pay the underwriters of this offering or any entity with which they are affiliated a finder&#8217;s
fee or other compensation for services rendered to us in connection with the completion of a business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The underwriters and certain of their affiliates are full service
financial institutions engaged in various activities, which may include securities trading, commercial and investment banking,
financial advisory, investment management, investment research, principal investment, hedging, financing and brokerage activities.
The underwriters and certain of their affiliates have, from time to time, performed, and may in the future perform, various commercial
and investment banking and financial advisory services for us and our affiliates, for which they received or will receive customary
fees and expenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In the ordinary course of their various business activities,
the underwriters and certain of their affiliates may make or hold a broad array of investments and actively trade debt and equity
securities (or related derivative securities) and financial instruments (including bank loans) for their own account and for the
accounts of their customers, and such investment and securities activities may involve securities and/or instruments issued by
us and our affiliates. The underwriters and certain of their respective affiliates may also communicate independent investment
recommendations, market color or trading ideas and/or publish or express independent research views in respect of such securities
or instruments and may at any time hold, or recommend to clients that they acquire, long and/or short positions in such securities
and instruments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Selling Restrictions</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Canada</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Resale Restrictions</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The distribution of the securities in Canada is being made
only in the provinces of Ontario, Quebec, Alberta and British Columbia on a private placement basis exempt from the requirement
that we prepare and file a prospectus with the securities regulatory authorities in each province where trades of these securities
are made. Any resale of the securities in Canada must be made under applicable securities laws, which may vary depending on the
relevant jurisdiction, and which may require resales to be made under available statutory exemptions or under a discretionary
exemption granted by the applicable Canadian securities regulatory authority. Purchasers are advised to seek legal advice prior
to any resale of the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Representations of Canadian Purchasers</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">By purchasing the securities in Canada and accepting delivery
of a purchase confirmation, a purchaser is representing to us and the dealer from whom the purchase confirmation is received that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
purchaser is entitled under applicable provincial securities laws to purchase the securities without the benefit of a prospectus
qualified under those securities laws as it is an &#8220;accredited investor&#8221; as defined under National Instrument 45-106&nbsp;&#8212;&nbsp;<I>Prospectus
Exemptions</I>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
purchaser is a &#8220;permitted client&#8221; as defined in National Instrument 31-103&nbsp;&#8212;&nbsp;<I>Registration Requirements,
Exemptions and&nbsp;Ongoing Registrant Obligations</I>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;where
required by law, the purchaser is purchasing as principal and not as agent; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
purchaser has reviewed the text above under Resale Restrictions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Statutory Rights of Action</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities legislation in certain provinces or territories
of Canada may provide a purchaser with remedies for rescission or damages if the prospectus (including any amendment thereto)
such as this document contains a misrepresentation; provided that the remedies for rescission or damages are exercised by the
purchaser within the time limit prescribed by the securities legislation of the purchaser&#8217;s province or territory. The purchaser
of these securities in Canada should refer to any applicable provisions of the securities legislation of the purchaser&#8217;s
province or territory for particulars of these rights or consult with a legal advisor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Enforcement of Legal Rights</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">All of our directors and officers, as well as the experts named
herein, may be located outside of Canada and, as a result, it may not be possible for Canadian purchasers to effect service of
process within Canada upon us or those persons. All or a substantial portion of our assets and the assets of those persons may
be located outside of Canada and, as a result, it may not be possible to satisfy a judgment against us or those persons in Canada
or to enforce a judgment obtained in Canadian courts against us or those persons outside of Canada.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Taxation and Eligibility for&nbsp;Investment</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Canadian purchasers of the securities should consult their
own legal and tax advisors with respect to the tax consequences of an investment in the securities in their particular circumstances
and about the eligibility of the securities for investment by the purchaser under relevant Canadian legislation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Australia</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This prospectus is not a disclosure document for the purposes
of Australia&#8217;s Corporations Act 2001 (Cth) of Australia, or Corporations Act, has not been lodged with the Australian Securities
 &amp; Investments Commission and is only directed to the categories of exempt persons set out below. Accordingly, if you receive
this prospectus in Australia:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">You confirm and warrant that you are either:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
 &#8220;sophisticated investor&#8221; under section 708(8)(a) or (b) of the Corporations Act;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
 &#8220;sophisticated investor&#8221; under section 708(8)(c) or (d) of the Corporations Act and that you have provided an accountant&#8217;s
certificate to the Company which complies with the requirements of section 708(8)(c)(i) or (ii) of the Corporations Act and related
regulations before the offer has been made;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
person associated with the Company under Section 708(12) of the Corporations Act; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
 &#8220;professional investor&#8221; within the meaning of section 708(11)(a) or (b) of the Corporations Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">To the extent that you are unable to confirm or warrant that
you are an exempt sophisticated investor, associated person or professional investor under the Corporations Act any offer made
to you under this prospectus is void and incapable of acceptance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">You warrant and agree that you will not offer any of the securities
issued to you pursuant to this prospectus for resale in Australia within 12&nbsp;months of those securities being issued unless
any such resale offer is exempt from the requirement to issue a disclosure document under section 708 of the Corporations Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>European Economic Area</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The units are not intended to be offered or sold to and should
not be offered or sold to any retail investor in the European Economic Area (the &#8220;EEA&#8221;). For these purposes, a retail
investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU,
as amended (&#8220;MiFID II&#8221;); or (ii)&nbsp;a customer within the meaning of Directive 2002/92/EC, as amended, where that
customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified
investor as defined in the Directive 2003/71/EC (as amended, the &#8220;Prospectus Directive&#8221;). No key information document
required by Regulation (EU) No 1286/2014, as amended (the &#8220;PRIIPs Regulation&#8221;) for offering or selling the units or
otherwise making them available to retail investors in the EEA has been prepared. Offering or selling the units or otherwise making
them available to any retail investor in the EEA may be unlawful under the PRIIPS Regulation. This prospectus has been prepared
on the basis that any offer of the units in any member state of the EEA will be made pursuant to an exemption under the Prospectus
Directive from a requirement to publish a prospectus for offers of units. This prospectus is not a prospectus for the purpose
of the Prospectus Directive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Hong Kong</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">No securities have been offered or sold, and no securities
may be offered or sold, in Hong Kong, by means of any document, other than to persons whose ordinary business is to buy or sell
shares or debentures, whether as principal or agent; or to &#8220;professional investors&#8221; as defined in the Securities and
Futures Ordinance (Cap. 571) of Hong Kong (&#8220;SFO&#8221;) and any rules made under that ordinance; or in other circumstances
which do not result in the document being a &#8220;prospectus&#8221; as defined in the Companies Ordinance (Cap. 32) of Hong Kong
(&#8220;CO&#8221;) or which do not constitute an offer or invitation to the public for the purpose of the CO or the SFO. No document,
invitation or advertisement relating to the securities has been issued or may be issued or may be in the possession of any person
for the purpose of issue (in each case whether in Hong Kong or elsewhere), which is directed at, or the contents of which are
likely to be accessed or read by, the public of Hong Kong (except if permitted under the securities laws of Hong Kong) other than
with respect to securities which are or are intended to be disposed of only to persons outside Hong Kong or only to &#8220;professional
investors&#8221; as defined in the SFO and any rules made under that Ordinance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This prospectus has not been registered with the Registrar
of Companies in Hong Kong. Accordingly, this prospectus may not be issued, circulated or distributed in Hong Kong, and the securities
may not be offered for subscription to members of the public in Hong Kong. Each person acquiring the securities will be required,
and is deemed by the acquisition of the securities, to confirm that he is aware of the restriction on offers of the securities
described in this prospectus and the relevant offering documents and that he is not acquiring, and has not been offered any securities
in circumstances that contravene any such restrictions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Israel</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This document does not constitute a prospectus under the Israeli
Securities Law, 5728-1968&nbsp;(the &#8220;Israel Securities Law&#8221;), and has not been filed with or approved by the Israel
Securities Authority. In Israel, this prospectus is being distributed only to, and is directed only at, and any offer of the units
is directed only at, (i) a limited number of persons in accordance with the Israeli Securities Law and (ii) investors listed in
the first addendum (the &#8220;Addendum&#8221;), to the Israeli Securities Law, consisting primarily of joint investment in trust
funds, provident funds, insurance companies, banks, portfolio managers, investment advisors, members of the Tel Aviv Stock Exchange,
underwriters, venture capital funds, entities with equity in excess of NIS 50&nbsp;million and &#8220;qualified individuals,&#8221;
each as defined in the Addendum (as it may be amended from time to time), collectively referred to as qualified investors (in
each case, purchasing for their own account or, where permitted under the Addendum, for the accounts of their clients who are
investors listed in the Addendum). Qualified investors are required to submit written confirmation that they fall within the scope
of the Addendum, are aware of the meaning of same and agree to it.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Japan</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The offering has not been and will not be registered under
the Financial Instruments and Exchange Law of Japan (Law No. 25 of 1948 of Japan, as amended) (&#8220;FIEL&#8221;), and the underwriters
will not offer or sell any securities, directly or indirectly, in Japan or to, or for the benefit of, any resident of Japan (which
term as used herein means any person resident in Japan, including any corporation or other entity organized under the laws of
Japan), or to others for re-offering&nbsp;or resale, directly or indirectly, in Japan or to, or for the benefit of, any resident
of Japan, except pursuant to an exemption from the registration requirements of, and otherwise in compliance with, the FIEL and
any other applicable laws, regulations and ministerial guidelines of Japan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Singapore</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This prospectus has not been and will not be lodged or registered
as a prospectus with the Monetary Authority of Singapore. Accordingly, this prospectus and any other document or material in connection
with the offer or sale, or invitation for subscription or purchase, of the securities may not be circulated or distributed, nor
may the securities be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly
or indirectly, to persons in Singapore other than (i) to an institutional investor under Section 274 of the Securities and Futures
Act, Chapter 289 of Singapore (the &#8220;SFA&#8221;), (ii) to a relevant person pursuant to Section 275(1), or any person pursuant
to Section 275(1A), and in accordance with the conditions specified in Section 275, of the SFA, or (iii) otherwise pursuant to,
and in accordance with the conditions of, any other applicable provision of the SFA. Solely for the purposes of its obligations
pursuant to Sections 309B(1)(a) and 309B(1)(c) of the SFA, the Company has determined, and hereby notifies all relevant persons
(as defined in Section 309A of the SFA) that the units are &#8220;prescribed capital markets products&#8221; (as defined in the
Securities and Futures (Capital Markets Products) Regulations 2018) and &#8220;Excluded Investment Products&#8221; (as defined
in MAS Notice SFA 04-N12: Notice on the Sale of Investment Products and MAS Notice</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">FAA-N16: Notice on Recommendations on Investment Products).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Where the securities are subscribed or purchased under Section
275 of the SFA by a relevant person which is:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
corporation (which is not an accredited investor (as defined in Section 4A of the SFA)) the sole business of which is to hold
investments and the entire share capital of which is owned by one or more individuals, each of whom is an accredited investor;
or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
trust (where the trustee is not an accredited investor) whose sole purpose is to hold investments and each beneficiary of the
trust is an individual who is an accredited investor, securities (as defined in Section&nbsp;239(1) of the SFA) of that corporation
or the beneficiaries&#8217; rights and interest (howsoever described) in that trust shall not be transferred within six months
after that corporation or that trust has acquired the securities pursuant to an offer made under Section 275 of the SFA except:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 52pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 52pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to
an institutional investor or to a relevant person defined in Section 275(2) of the SFA, or to any person arising from an offer
referred to in Section 275(1A) or Section 276(4)(i)(B) of the SFA;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 52pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 52pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;where
no consideration is or will be given for the transfer;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 52pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 52pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;where
the transfer is by operation of law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 52pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 52pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as
specified in Section 276(7) of the SFA; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 52pt; text-indent: -17pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 52pt; text-indent: -17pt">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as
specified in Regulation 32 of the Securities and Futures (Offers of Investments) (Shares and Debentures) Regulations 2005 of Singapore.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Switzerland</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The securities may not be publicly offered in Switzerland and
will not be listed on the SIX Swiss Exchange (&#8220;SIX&#8221;) or on any other stock exchange or regulated trading facility
in Switzerland. This prospectus has been prepared without regard to the disclosure standards for issuance prospectuses under art.
652a or art. 1156 of the Swiss Code of Obligations or the disclosure standards for listing prospectuses under art. 27 ff. of the
SIX Listing Rules or the listing rules of any other stock exchange or regulated trading facility in Switzerland. Neither this
prospectus nor any other offering or marketing material relating to the securities or the offering may be publicly distributed
or otherwise made publicly available in Switzerland.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Neither this prospectus nor any other offering or marketing
material relating to the offering, the Company or the securities have been or will be filed with or approved by any Swiss regulatory
authority. In particular, this prospectus will not be filed with, and the offer of securities will not be supervised by, the Swiss
Financial Market Supervisory Authority FINMA, and the offer of securities has not been and will not be authorized under the Swiss
Federal Act on Collective Investment Schemes (&#8220;CISA&#8221;). The investor protection afforded to acquirers of interests
in collective investment schemes under the CISA does not extend to acquirers of securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>United Kingdom</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This prospectus is only being distributed to, and is only directed
at, persons in the United Kingdom that are qualified investors within the meaning of Article 2(1)(e) of the Prospectus Directive
that are also (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the &#8220;Order&#8221;) and/or (ii) high net worth entities falling within Article 49(2)(a)
to (d) of the Order and other persons to whom it may lawfully be communicated (each such person being referred to as a &#8220;relevant
person&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This prospectus and its contents are confidential and should
not be distributed, published or reproduced (in whole or in part) or disclosed by recipients to any other persons in the United
Kingdom. Any person in the United Kingdom that is not a relevant person should not act or rely on this document or any of its
contents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="x_015"></A>LEGAL MATTERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ellenoff Grossman &amp; Schole LLP, New York, New York, has
passed upon the validity of the securities offered hereby on behalf of us. Certain legal matters will be passed upon on behalf
of the underwriters by Greenberg Traurig, LLP, McLean, Virginia.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="x_016"></A>EXPERTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The balance sheet of Recharge Acquisition Corp. as of July
22, 2020, and the related statements of operations, changes in stockholder&#8217;s equity and cash flows for the period July 7,
2020 (inception) through July 22, 2020, have been audited by Marcum LLP, independent registered public accounting firm, as stated
in their report (which contains an explanatory paragraph relating to substantial doubt about the ability of Recharge Acquisition
Corp. to continue as a going concern, as described in Note 1 to the financial statements) which is incorporated herein. Such financial
statements have been incorporated herein in reliance on the report of such firm given upon their authority as experts in accounting
and auditing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="x_017"></A>WHERE YOU CAN FIND
ADDITIONAL INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We have filed with the SEC a registration statement on Form
S-1&nbsp;under the Securities Act with respect to the securities we are offering by this prospectus. This prospectus does not
contain all of the information included in the registration statement. For further information about us and our securities, you
should refer to the registration statement and the exhibits and schedules filed with the registration statement. Whenever we make
reference in this prospectus to any of our contracts, agreements or other documents, the references are materially complete but
may not include a description of all aspects of such contracts, agreements or other documents, and you should refer to the exhibits
attached to the registration statement for copies of the actual contract, agreement or other document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Upon completion of this offering, we will be subject to the
information requirements of the Exchange Act and will file annual, quarterly and current event reports, proxy statements and other
information with the SEC. You can read our SEC filings, including the registration statement, over the Internet at the SEC&rsquo;s
website at&nbsp;<I>www.sec.gov</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="F-1"></A><B>RECHARGE ACQUISITION
CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INDEX TO FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 92%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 7%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PAGE</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><A HREF="#F-2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Report of Independent Registered
    Public Accounting Firm</FONT></A></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center"><A HREF="#F-2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">F-2</FONT></A></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><A HREF="#F-3"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Balance Sheet</FONT></A></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center"><A HREF="#F-3"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">F-3</FONT></A></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><A HREF="#F-4"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Statement of Operations</FONT></A></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center"><A HREF="#F-4"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">F-4</FONT></A></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><A HREF="#F-5"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Statement of Changes in Stockholder&rsquo;s
    Equity</FONT></A></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center"><A HREF="#F-5"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">F-5</FONT></A></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><A HREF="#F-6"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Statement of Cash Flows</FONT></A></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center"><A HREF="#F-6"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">F-6</FONT></A></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><A HREF="#F-7"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notes to Financial Statements</FONT></A></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center"><A HREF="#F-7"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">F-7</FONT></A></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="F-2"></A><B>REPORT OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">To the Stockholder and Board of Directors of<BR>
Recharge Acquisition Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Opinion on the Financial Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24pt">We have audited the accompanying balance
sheet of Recharge Acquisition Corp. (the &ldquo;Company&rdquo;) as of July 22, 2020, and the related statement of operations,
changes in stockholder&rsquo;s equity and cash flows for the period from July 7, 2020 (inception) through July 22, 2020, and the
related notes (collectively referred to as the &ldquo;financial statements&rdquo;). In our opinion, the financial statements present
fairly, in all material respects, the financial position of the Company as of July 22, 2020, and the results of its operations
and its cash flows for the period from July 7, 2020 (inception) through July 22, 2020 in conformity with accounting principles
generally accepted in the United States of America.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Explanatory Paragraph &mdash; Going Concern</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24pt">The accompanying financial statements have
been prepared assuming that the Company will continue as a going concern. As more fully described in Note 1 to the financial statements,
the Company&rsquo;s ability to execute its business plan is dependent upon its completion of the proposed initial public offering
described in Note 3 to the financial statements. The Company has a working capital deficiency as of July 22, 2020 and lacks the
financial resources it needs to sustain operations for a reasonable period of time, which is considered to be one year from the
issuance date of the financial statements. These conditions raise substantial doubt about the Company&rsquo;s ability to continue
as a going concern. Management&rsquo;s plans with regard to these matters are also described in Notes 1 and 3. The financial statements
do not include any adjustments that might become necessary should the Company be unable to continue as a going concern.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Basis for Opinion</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24pt">These financial statements are the responsibility
of the Company&rsquo;s management. Our responsibility is to express an opinion on the Company&rsquo;s financial statements based
on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (the
 &ldquo;PCAOB&rdquo;) and are required to be independent with respect to the Company in accordance with the U.S. federal securities
laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24pt"> We conducted our audit in accordance
with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required
to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are
required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion
on the effectiveness of the Company&rsquo;s internal control over financial reporting. Accordingly, we express no such opinion. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24pt">Our audit included performing procedures
to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures
that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures
in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made
by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides
a reasonable basis for our opinion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">/s/ Marcum LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Marcum LLP<BR>
We have served as the Company&rsquo;s auditor since 2020.<BR>
New York, NY<BR>
August 4, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="F-3"></A>RECHARGE ACQUISITION
CORP.<BR>
BALANCE SHEET<BR>
JULY 22, 2020</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-indent: -10pt; padding-left: 10pt">ASSETS</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 86%; text-align: left; text-indent: -10pt; padding-left: 10pt">Current
    asset &ndash; cash</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">25,500</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Deferred
    offering costs</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">42,500</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Total
    Assets</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">68,000</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">LIABILITIES
    AND STOCKHOLDER&rsquo;S EQUITY</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Current liabilities</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 20pt">Accrued offering
    costs</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 20pt">Promissory
    note &ndash; related party</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">38,878</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Total
    Liabilities</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">43,878</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-indent: -10pt; padding-left: 10pt">Commitments</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Stockholder&rsquo;s
    Equity</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Preferred stock,
    $0.0001 par value; 1,000,000 shares authorized, none issued and outstanding</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Class A common
    stock, $0.0001 par value; 100,000,000 shares authorized; none issued and outstanding</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Class
    B common stock, $0.0001 par value; 10,000,000 shares authorized; 5,750,000 shares issued&nbsp;and outstanding <SUP>(1)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">575</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Additional
    paid-in capital</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">24,425</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Accumulated
    deficit</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(878</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Total
    Stockholder&rsquo;s Equity</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">24,122</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Total
    Liabilities and Stockholder&rsquo;s Equity</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">68,000</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>Includes up to 750,000 shares of Class B common stock subject
                                         to forfeiture if the over-allotment option is not exercised in full or in part by the
                                         underwriters (see Note 5).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">The accompanying notes are an integral
part of the financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="F-4"></A><B>RECHARGE ACQUISITION
CORP.<BR>
STATEMENT OF OPERATIONS<BR>
FOR THE PERIOD FROM JULY 7, 2020 (INCEPTION) THROUGH JULY 22, 2020</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 86%; text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Formation
    costs</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">878</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Net
    loss</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(878</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Weighted
    average shares outstanding, basic and diluted <SUP>(1)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">5,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Basic
    and diluted net loss per common share</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(0.00</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>Excludes up to 750,000 Class B shares subject to forfeiture
                                         if the over-allotment option is not exercised in full or in part by the underwriter (see
                                         Note 5).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">The accompanying notes are an integral
part of the financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="F-5"></A>RECHARGE ACQUISITION
CORP.<BR>
STATEMENT OF CHANGES IN STOCKHOLDER&rsquo;S EQUITY<BR>
FOR THE PERIOD FROM JULY 7, 2020 (INCEPTION) THROUGH JULY 22, 2020</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Class
    B Common Stock</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">Additional <BR> Paid-in</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">Accumulated</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">Stockholder&rsquo;s</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Shares</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Amount</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Capital</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Deficit</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Equity</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-indent: -10pt; padding-left: 10pt">Balance &ndash; July 7,
    2020 (Inception)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 30%; text-align: left; text-indent: -10pt; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Issuance
    of Class B common stock to Sponsor <SUP>(1)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">5,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">575</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">24,425</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">25,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Net
    loss</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(878</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(878</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Balance
    &ndash; July 22, 2020</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">5,750,000</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">575</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">24,425</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(878</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">24,122</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>Includes up to 750,000 Class B shares subject to forfeiture
                                         if the over-allotment option is not exercised in full or in part by the underwriter (see
                                         Note 5).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">The accompanying notes are an integral
part of the financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


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    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="F-6"></A>RECHARGE ACQUISITION
CORP.<BR>
STATEMENT OF CASH FLOWS<BR>
FOR THE PERIOD FROM JULY 7, 2020 (INCEPTION) THROUGH JULY 22, 2020</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif">Cash flows from Operating Activities:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 86%; text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Net
    loss</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(878</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 30pt">Net
    cash used in operating activities</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Cash Flows
    from Financing Activities:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Proceeds from
    issuance of Class B common stock to Sponsor</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">25,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Proceeds from
    promissory note &ndash; related party</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">38,878</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Payment
    of offering costs</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(37,500</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 30pt">Net
    cash provided by financing activities</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">26,378</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Net Change
    in Cash</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">25,500</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Cash
    &ndash; Beginning</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Cash
    &ndash; Ending</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">25,500</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Supplemental
    disclosure of non-cash investing and financing activities:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Offering
    costs included in accrued offering costs</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">5,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">The accompanying notes are an integral
part of the financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="F-7"></A>RECHARGE ACQUISITION
CORP.<BR>
NOTES TO FINANCIAL STATEMENTS</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Recharge
Acquisition Corp. (the &ldquo;Company&rdquo;) is a blank check company incorporated in Delaware on July 7, 2020. </FONT>The Company
was formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization
or similar business combination with one or more businesses (a &ldquo;Business Combination&rdquo;). The Company is not limited
to a particular industry or geographic region for purposes of consummating a Business Combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The Company is an early stage and emerging
growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">As of July&nbsp;22, 2020, the Company
had not commenced any operations. All activity through July 22, 2020 relates to the Company&rsquo;s formation and the proposed
initial public offering (&ldquo;Proposed Public Offering&rdquo;), which is described below. The Company will not generate any
operating revenues until after the completion of a Business Combination, at the earliest. The Company will generate non-operating
income in the form of interest income from the proceeds derived from the Proposed Public Offering. The Company has selected December&nbsp;31
as its fiscal year end.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The Company&rsquo;s ability to commence
operations is contingent upon obtaining adequate financial resources through a Proposed Public Offering of 20,000,000 units (the
 &ldquo;Units&rdquo; and, with respect to the shares of Class&nbsp;A common stock included in the Units being offered, the &ldquo;Public
Shares&rdquo;) at $10.00 per Unit (or 23,000,000 Units if the underwriters&rsquo; over-allotment option is exercised in full),
which is discussed in Note 3, and the sale of 5,750,000 warrants (or 6,350,000 warrants if the underwriters&rsquo; over-allotment
option is exercised in full) (the &ldquo;Private Placement Warrants&rdquo;), at a price of $1.00 per Private Placement Warrant,
in a private placement to SKG Sponsor LLC (the &ldquo;Sponsor&rdquo;), that will close simultaneously with the Proposed Public
Offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The Company&rsquo;s management has broad
discretion with respect to the specific application of the net proceeds of the Proposed Public Offering and the sale of the Private
Placement Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a
Business Combination. There is no assurance that the Company will be able to complete a Business Combination successfully. The
Company must complete a Business Combination with one or more target businesses that together have an aggregate fair market value
of at least 80% of the value of the Trust Account (as defined below) (excluding the deferred underwriting commissions and taxes
payable on income earned on the Trust Account) at the time of the agreement to enter into an initial Business Combination. The
Company will only complete a Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding
voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required
to register as an investment company under the Investment Company Act of 1940, as amended (the &ldquo;Investment Company Act&rdquo;).
Upon the closing of the Proposed Public Offering, management has agreed that an amount equal to at least $10.00 per Unit sold
in the Proposed Public Offering, including the proceeds from the sale of the Private Placement Warrants, will be held in a trust
account (&ldquo;Trust Account&rdquo;), located in the United States and invested only in U.S. government securities, within the
meaning set forth in Section&nbsp;2(a)(16) of the Investment Company Act, with a maturity of 185 days or less or in any open-ended
investment company that holds itself out as a money market fund selected by the Company meeting the conditions of Rule 2a-7 of
the Investment Company Act, as determined by the Company, until the earlier of: (i)&nbsp;the completion of a Business Combination
and (ii)&nbsp;the distribution of the funds held in the Trust Account, as described below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The Company will provide its holders of
the outstanding Public Shares (the &ldquo;public stockholders&rdquo;) with the opportunity to redeem all or a portion of their
Public Shares upon the completion of a Business Combination either (i)&nbsp;in connection with a stockholder meeting called to
approve the Business Combination or (ii)&nbsp;by means of a tender offer. The decision as to whether the Company will seek stockholder
approval of a Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The public
stockholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then in the Trust Account (initially
anticipated to be $10.00 per Public Share, plus any pro rata interest earned on the funds held in the Trust Account and not previously
released to the Company to pay its tax obligations). There will be no redemption rights upon the completion of a Business Combination
with respect to the Company&rsquo;s warrants. The Public Shares subject to redemption will be recorded at redemption value and
classified as temporary equity upon the completion of the Proposed Offering in accordance with the Financial accounting Standards
Board&rsquo;s (&ldquo;FASB&rdquo;) Accounting Standards Codification (&ldquo;ASC&rdquo;) Topic 480 &ldquo;Distinguishing Liabilities
from Equity.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RECHARGE ACQUISITION CORP.<BR>
NOTES TO FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The Company will proceed with a Business
Combination only if the Company has net tangible assets of at least $5,000,001 either immediately prior to or upon such consummation
of a Business Combination and, if the Company seeks stockholder approval, a majority of the shares voted are voted in favor of
the Business Combination. If a stockholder vote is not required by law and the Company does not decide to hold a stockholder vote
for business or other reasons, the Company will, pursuant to its Amended and Restated Certificate of Incorporation (the &ldquo;Amended
and Restated Certificate of Incorporation&rdquo;), conduct the redemptions pursuant to the tender offer rules of the U.S. Securities
and Exchange Commission (&ldquo;SEC&rdquo;) and file tender offer documents with the SEC prior to completing a Business Combination.
If, however, stockholder approval of the transaction is required by law, or the Company decides to obtain stockholder approval
for business or other reasons, the Company will offer to redeem shares in conjunction with a proxy solicitation pursuant to the
proxy rules and not pursuant to the tender offer rules. If the Company seeks stockholder approval in connection with a Business
Combination, the Sponsor has agreed to vote its Founder Shares (as defined in Note 5) and any Public Shares purchased during or
after the Proposed Public Offering in favor of approving a Business Combination. Additionally, each public stockholder may elect
to redeem their Public Shares irrespective of whether they vote for or against the proposed transaction or don&rsquo;t vote at
all.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">Notwithstanding the above, if the Company
seeks stockholder approval of a Business Combination and it does not conduct redemptions pursuant to the tender offer rules, the
Amended and Restated Certificate of Incorporation provides that a public stockholder, together with any affiliate of such stockholder
or any other person with whom such stockholder is acting in concert or as a &ldquo;group&rdquo; (as defined under Section&nbsp;13
of the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;)), will be restricted from redeeming its shares
with respect to more than an aggregate of 15% or more of the Public Shares, without the prior consent of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The Sponsor has agreed (a)&nbsp;to waive
its redemption rights with respect to its Founder Shares and Public Shares held by it in connection with the completion of a Business
Combination, and (b)&nbsp;not to propose an amendment to the Amended and Restated Certificate of Incorporation (i)&nbsp;to modify
the substance or timing of the Company&rsquo;s obligation to allow redemption in connection with the Company&rsquo;s initial Business
Combination or to redeem 100% of its Public Shares if the Company does not complete a Business Combination or (ii)&nbsp;with respect
to any other provision relating to stockholders&rsquo; rights or pre-initial business combination activity, unless the Company
provides the public stockholders with the opportunity to redeem their Public Shares in conjunction with any such amendment. However,
if the Sponsor acquires Public Shares in or after the Proposed Public Offering, such Public Shares will be entitled to liquidating
distributions from the Trust Account if the Company fails to complete a Business Combination within the Combination Period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The Company will have until 24 months
from the closing of the Proposed Public Offering to complete a Business Combination (the &ldquo;Combination Period&rdquo;). If
the Company is unable to complete a Business Combination within the Combination Period, the Company will: (i)&nbsp;cease all operations
except for the purpose of winding up, (ii)&nbsp;as promptly as reasonably possible but not more than 10 business days thereafter,
redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account
including interest earned on the funds held in the Trust Account and not previously released to the Company to pay its tax obligations
(less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding Public Shares, which
redemption will completely extinguish public stockholders&rsquo; rights as stockholders (including the right to receive further
liquidating distributions, if any), and (iii)&nbsp;as promptly as reasonably possible following such redemption, subject to the
approval of the Company&rsquo;s remaining stockholders and the Company&rsquo;s board of directors, dissolve and liquidate, subject
in each case to the Company&rsquo;s obligations under Delaware law to provide for claims of creditors and the requirements of
other applicable law. There will be no redemption rights or liquidating distributions with respect to the Company&rsquo;s warrants,
which will expire worthless if the Company fails to complete a Business Combination within the Combination Period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The Sponsor has agreed to waive its liquidation
rights with respect to the Founder Shares if the Company fails to complete a Business Combination within the Combination Period.
However, if the Sponsor acquires Public Shares in or after the Proposed Public Offering, such Public Shares will be entitled to
liquidating distributions from the Trust Account if the Company fails to complete a Business Combination within the Combination
Period. The underwriters have agreed to waive their rights to their deferred underwriting commission (see Note 6) held in the
Trust Account in the event the Company does not complete a Business Combination within in the Combination Period and, in such
event, such amounts will be included with the other funds held in the Trust Account that will be available to fund the redemption
of the Public Shares. In the event of such distribution, it is possible that the per share value of the assets remaining available
for distribution will be less than the Proposed Public Offering price per Unit ($10.00).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RECHARGE ACQUISITION CORP.<BR>
NOTES TO FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">In order to protect the amounts held in
the Trust Account, the Sponsor has agreed to be liable to the Company if and to the extent any claims by a third party for services
rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into
a transaction agreement, reduce the amount of funds in the Trust Account to below the lesser of (1) $10.00 per Public Share and
(2)&nbsp;the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account,
if less than $10.00 per share due to reductions in the value of the trust assets, less taxes payable; provided that such liability
will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the
monies held in the Trust Account nor will it apply to any claims under the Company&rsquo;s indemnity of the underwriters of the
Proposed Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the
 &ldquo;Securities Act&rdquo;). Moreover, in the event that an executed waiver is deemed to be unenforceable against a third party,
the Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to reduce
the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all
vendors, service providers (except the Company&rsquo;s independent registered public accounting firm), prospective target businesses
or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest
or claim of any kind in or to monies held in the Trust Account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Going Concern Consideration </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">At July&nbsp;22, 2020, the Company had
cash of $25,500 and a working capital deficit of $18,378. The Company has incurred and expects to continue to incur significant
costs in pursuit of its financing and acquisition plans. These conditions raise substantial doubt about the Company&rsquo;s ability
to continue as a going concern within one year after the date that the financial statements are issued. Management plans to address
this uncertainty through a Proposed Public Offering as discussed in Note&nbsp;3. There is no assurance that the Company&rsquo;s
plans to raise capital or to consummate a Business Combination will be successful within the Combination Period. The Sponsor has
agreed to loan the Company up to an aggregate amount of $300,000 to be used, in part, for transaction costs incurred in connection
with the Proposed Public Offering (the &ldquo;Promissory Note&rdquo;). &nbsp;The financial statements do not include any adjustments
that might result from the outcome of this uncertainty.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>NOTE 2&mdash;SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Basis of Presentation </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The accompanying financial statements
are presented in conformity with accounting principles generally accepted in the United States of America (&ldquo;U.S. GAAP&rdquo;)
and pursuant to the rules and regulations of the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Emerging Growth Company </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The Company is an &ldquo;emerging growth
company,&rdquo; as defined in Section&nbsp;2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act
of 2012 (the &ldquo;JOBS Act&rdquo;), and it may take advantage of certain exemptions from various reporting requirements that
are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required
to comply with the independent registered public accounting firm attestation requirements of Section&nbsp;404 of the Sarbanes-Oxley
Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions
from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute
payments not previously approved.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">Further, Section&nbsp;102(b)(1) of the
JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until
private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have
a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards.
The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that
apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out
of such extended transition period which means that when a standard is issued or revised and it has different application dates
for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time
private companies adopt the new or revised standard. This may make comparison of the Company&rsquo;s financial statements with
another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using
the extended transition period difficult or impossible because of the potential differences in accounting standards used.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RECHARGE ACQUISITION CORP.<BR>
NOTES TO FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Use of Estimates </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The preparation of financial statements
in conformity with GAAP requires the Company&rsquo;s management to make estimates and assumptions that affect the reported amounts
of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the
reported amounts of expenses during the reporting period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">Making estimates requires management to
exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or
set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate,
could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ from those
estimates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Cash and Cash Equivalents </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The Company considers all short-term investments
with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents
as of July&nbsp;22, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Deferred Offering Costs </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">Deferred offering costs consist of legal,
accounting and other costs incurred through the balance sheet date that are directly related to the Proposed Public Offering and
that will be charged to stockholder&rsquo;s equity upon the completion of the Proposed Public Offering. Should the Proposed Public
Offering prove to be unsuccessful, these deferred costs, as well as additional expenses to be incurred, will be charged to operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Income Taxes </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The Company follows the asset and liability
method of accounting for income taxes under ASC 740, &ldquo;Income Taxes.&rdquo; Deferred tax assets and liabilities are recognized
for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing
assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates
expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.
The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included
the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected
to be realized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">FASB ASC 740 prescribes a recognition
threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected
to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained
upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits
as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of July&nbsp;22,
2020. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material
deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The provision for income taxes was deemed
to be de minimis for the period from July&nbsp;7, 2020 (inception) through July&nbsp;22, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Net Loss Per Common Share </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">Net loss per share is computed by dividing
net loss by the weighted average number of shares of common stock outstanding during the period. Weighted average shares were
reduced for the effect of an aggregate of 750,000 shares of common stock that are subject to forfeiture if the over-allotment
option is not exercised by the underwriters (see Note 5). At July&nbsp;22, 2020, the Company did not have any dilutive securities
or other contracts that could, potentially, be exercised or converted into shares of common stock and then share in the earnings
of the Company. As a result, diluted loss per share is the same as basic loss per share for the period presented.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RECHARGE ACQUISITION CORP.<BR>
NOTES TO FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Fair Value of Financial Instruments </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The fair value of the Company&rsquo;s
assets and liabilities, which qualify as financial instruments under FASB ASC Topic 820, &ldquo;Fair Value Measurement,&rdquo;
approximates the carrying amounts represented in the accompanying balance sheets, primarily due to their short-term nature.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Recent Accounting Pronouncements </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">Management does not believe that any recently
issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company&rsquo;s
financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>NOTE 3&mdash;PROPOSED PUBLIC OFFERING </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">Pursuant to the Proposed Public Offering,
the Company will offer for sale 20,000,000 Units (or 23,000,000 Units if the underwriters&rsquo; over-allotment option is exercised
in full) at a purchase price of $10.00 per Unit. Each Unit will consist of one share of Class&nbsp;A common stock and one-half
of one redeemable warrant (&ldquo;Public Warrant&rdquo;). Each whole Public Warrant will entitle the holder to purchase one share
of Class&nbsp;A common stock at an exercise price of $11.50 per share (see Note 7).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>NOTE 4&mdash;PRIVATE PLACEMENT </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The Sponsor has agreed to purchase an
aggregate of 5,750,000 Private Placement Warrants (or 6,350,000 warrants if the underwriters&rsquo; over-allotment option is exercised
in full) at a price of $1.00 per private Placement Warrant, for an aggregate purchase price of $5,750,000 (or $6,350,000 if the
underwriters&rsquo; over-allotment option is exercised in full), in a private placement that will occur simultaneously with the
closing of the Proposed Public Offering. Each Private Placement Warrant is exercisable to purchase one share of Class&nbsp;A common
stock at a price of $11.50 per share. The proceeds from the Private Placement Warrants will be added to the proceeds from the
Proposed Public Offering to be held in the Trust Account. If the Company does not complete a Business Combination within the Combination
Period, the proceeds of the sale of the Private Placement Warrants will be used to fund the redemption of the Public Shares (subject
to the requirements of applicable law) and the Private Placement Warrants will expire worthless.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>NOTE 5&mdash;RELATED PARTY TRANSACTIONS </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Founder Shares </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">On July&nbsp;22, 2020, the Sponsor purchased
5,750,000 shares of Class B common stock (the &ldquo;Founder Shares&rdquo;) for an aggregate consideration of $25,000. The Founder
Shares include an aggregate of up to 750,000 shares of Class&nbsp;B common stock subject to forfeiture by the Sponsor to the extent
that the underwriters&rsquo; over-allotment is not exercised in full or in part, so that the Sponsor will own, on an as-converted
basis, 20% of the Company&rsquo;s issued and outstanding shares after the Proposed Public Offering (assuming the Sponsor does
not purchase any Public Shares in the Proposed Public Offering).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The Sponsor has agreed that, subject to
certain limited exceptions, the Founder Shares will not be transferred, assigned, sold or released from escrow until the earlier
of (A)&nbsp;one year after the completion of a Business Combination or (B)&nbsp;subsequent to a Business Combination, (x)&nbsp;if
the last reported sale price of the Class&nbsp;A common stock equals or exceeds $12.00 per share (as adjusted for stock splits,
stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing
at least 150 days after a Business Combination, or (y)&nbsp;the date on which the Company completes a liquidation, merger, capital
stock exchange or other similar transaction that results in all of the stockholders having the right to exchange their common
stock for cash, securities or other property.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><B>Administrative Services Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The Company intends to enter into an agreement,
commencing on the effective date of the Proposed Public Offering through the earlier of the Company's consummation of a Business
Combination and its liquidation, to pay the Sponsor a total of up to $10,000 per month for office space, utilities and secretarial
and administrative support.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Promissory Notes&mdash;Related Party </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">On July&nbsp;7, 2020, the Company issued
the Promissory Note to the Sponsor, pursuant to which the Company may borrow up to an aggregate principal amount of $300,000.
The Promissory Note is non-interest bearing and payable on the earlier of (i)&nbsp;March&nbsp;31, 2021 or (i)&nbsp;the consummation
of the Proposed Public Offering. As of July&nbsp;22, 2020, there was $38,878 outstanding under the Promissory Note.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RECHARGE ACQUISITION CORP.<BR>
NOTES TO FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Related Party Loans </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">In order to finance transaction costs
in connection with a Business Combination, the initial stockholders or an affiliate of the initial stockholders or certain of
the Company&rsquo;s directors and officers may, but are not obligated to, loan the Company funds as may be required (&ldquo;Working
Capital Loans&rdquo;). If the Company completes a Business Combination, the Company would repay the Working Capital Loans out
of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans would be repaid only out of
funds held outside the Trust Account. In the event that a Business Combination does not close, the Company may use a portion of
proceeds held outside the Trust Account to repay the Working Capital Loans, but no proceeds held in the Trust Account would be
used to repay the Working Capital Loans. Except for the foregoing, the terms of such Working Capital Loans, if any, have not been
determined and no written agreements exist with respect to such loans. The Working Capital Loans would either be repaid upon consummation
of a Business Combination, without interest, or, at the lender&rsquo;s discretion, up to $1,500,000 of such Working Capital Loans
may be convertible into warrants of the post-Business Combination entity at a price of $1.00 per warrant. The warrants would be
identical to the Private Placement Warrants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>NOTE 6&mdash;COMMITMENTS </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Registration Rights Agreement </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The holders of the Founder Shares, Private
Placement Warrants and warrants that may be issued upon conversion of Working Capital Loans (and any Class&nbsp;A common stock
issuable upon the exercise of the Private Placement Warrants and warrants issued upon conversion of the Working Capital Loans)
will be entitled to registration rights requiring the Company to register a sale of any of its securities held by them pursuant
to a registration rights agreement to be signed prior to or on the effective date of the Proposed Public Offering. The holders
of these securities will be entitled to make up to three demands, excluding short form demands, that the Company register such
securities under the Securities Act. In addition, the holders will have certain &ldquo;piggy-back&rdquo; registration rights to
include their securities in other registration statements filed by the Company, subject to certain limitations. The Company will
bear the expenses incurred in connection with the filing of any such registration statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Underwriting Agreement </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The Company will grant the underwriters
a 45-day option from the date of the Proposed Public Offering to purchase up to 3,000,000 additional Units to cover over-allotments,
if any, at the Proposed Public Offering price less the underwriting discounts and commissions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The underwriters will be entitled to a
cash underwriting discount of $0.20 per Unit, or $4,000,000 in the aggregate (or $4,600,000 in the aggregate if the underwriters&rsquo;
over-allotment option is exercised in full), payable upon the closing of the Proposed Public Offering. In addition, the underwriters
will be entitled to a deferred fee of $0.35 per Unit, or $7,000,000 in the aggregate (or $8,050,000 in the aggregate if the underwriters&rsquo;
over-allotment option is exercised in full). The deferred fee will become payable to the underwriters from the amounts held in
the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting
agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>NOTE 7 &mdash; STOCKHOLDER&rsquo;S EQUITY </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"><B><I>Preferred Stock</I></B>&mdash;The
Company is authorized to issue 1,000,000 shares of preferred stock with a par value of $0.0001 per share with such designations,
voting and other rights and preferences as may be determined from time to time by the Company&rsquo;s board of directors. At July&nbsp;22,
2020, there were no shares of preferred stock issued or outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"><B><I>Class&nbsp;A Common Stock</I></B>&mdash;The
Company is authorized to issue 100,000,000 shares of Class&nbsp;A common stock with a par value of $0.0001 per share. Holders
of Class&nbsp;A common stock are entitled to one vote for each share. At July&nbsp;22, 2020, there were no shares of Class&nbsp;A
common stock issued or outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RECHARGE ACQUISITION CORP.<BR>
NOTES TO FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"><B><I>Class&nbsp;B Common Stock</I></B>&mdash;The
Company is authorized to issue 10,000,000 shares of Class&nbsp;B common stock with a par value of $0.0001 per share. Holders of
Class&nbsp;B common stock are entitled to one vote for each share. At July&nbsp;22, 2020, there were 5,750,000 shares of Class&nbsp;B
common stock issued and outstanding, of which an aggregate of up to 750,000 shares are subject to forfeiture to the extent that
the underwriters&rsquo; over-allotment option is not exercised in full or in part, so that the Sponsor will collectively own 20%
of the Company&rsquo;s issued and outstanding common stock after the Proposed Public Offering (assuming the Sponsor does not purchase
any Public Shares in the Proposed Public Offering).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">Holders of Class&nbsp;A common stock and
Class&nbsp;B common stock will vote together as a single class on all matters submitted to a vote of stockholders except as required
by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The shares of Class&nbsp;B common stock
will automatically convert into shares of Class&nbsp;A common stock at the time of a Business Combination on a one-for-one basis,
subject to adjustment pursuant. In the case that additional shares of Class A common stock or equity-linked&nbsp;securities are
issued or deemed issued in connection with a Business Combination, the number of shares of Class A common stock issuable upon
conversion of all Founder Shares will equal, in the aggregate, on an as-converted&nbsp;basis, 20% of the sum of the total number
of all shares of common stock outstanding upon the completion of the Proposed Public Offering, plus the total number of shares
of Class A common stock issued, or deemed issued or issuable upon conversion or exercise of any equity-linked&nbsp;securities
or rights issued or deemed issued, by the Company in connection with or in relation to the consummation of a Business Combination,
excluding any shares of Class A common stock or equity-linked&nbsp;securities exercisable for or convertible into shares of Class
A common stock issued, or to be issued, to any seller in a Business Combination and any private placement-equivalent&nbsp;warrants
issued to the Sponsor, officers or directors upon conversion of Working Capital Loans; provided that such conversion of founder
shares will never occur on a less than one for one basis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"><B><I>Warrants</I></B>&mdash;Public Warrants
may only be exercised for a whole number of shares. No fractional shares will be issued upon exercise of the Public Warrants.
The Public Warrants will become exercisable on the later of (a)&nbsp;the completion of a Business Combination or (b) 12 months
from the closing of the Proposed Public Offering. The Public Warrants will expire five years after the completion of a Business
Combination or earlier upon redemption or liquidation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The Company will not be obligated to deliver
any Class&nbsp;A common stock pursuant to the exercise of a warrant and will have no obligation to settle such warrant exercise
unless a registration statement under the Securities Act with respect to the Class&nbsp;A common stock underlying the warrants
is then effective and a prospectus relating thereto is current, subject to the Company satisfying its obligations with respect
to registration. No warrant will be exercisable and the Company will not be obligated to issue a share of Class&nbsp;A common
stock upon exercise of a warrant unless the share of Class&nbsp;A common stock issuable upon such warrant exercise has been registered,
qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the warrants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The Company has agreed that as soon as
practicable, but in no event later than 15&nbsp;business days after the closing of a Business Combination, the Company will use
its best efforts to file with the SEC and registration statement registering the issuance of the shares of Class A common stock
issuable upon exercise of the warrants, to cause such registration statement to become effective and to maintain a current prospectus
relating to those shares of Class A common stock until the warrants expire or are redeemed, as specified in the warrant agreement.
If a registration statement covering the shares of Class A common stock issuable upon exercise of the warrants is not effective
by the 60th business day after the closing of a Business Combination or within a specified period following the consummation of
a Business Combination, warrant holders may, until such time as there is an effective registration statement and during any period
when the Company shall have failed to maintain an effective registration statement, exercise warrants on a &ldquo;cashless basis&rdquo;
pursuant to the exemption provided by Section 3(a)(9) of the Securities Act; provided that such exemption is available. If that
exemption, or another exemption, is not available, holders will not be able to exercise their warrants on a cashless basis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">Once the warrants become exercisable,
the Company may redeem the Public Warrants:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.55pt"></TD><TD STYLE="width: 12.25pt">&bull;</TD><TD>in whole and not in part;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.55pt"></TD><TD STYLE="width: 12.25pt">&bull;</TD><TD>at a price of $0.01 per warrant;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.55pt"></TD><TD STYLE="width: 12.25pt">&bull;</TD><TD>upon not less than 30&nbsp;days&rsquo; prior written
                                         notice of redemption to each warrant holder; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.55pt"></TD><TD STYLE="width: 12.25pt">&bull;</TD><TD>if, and only if, the reported closing price of the Class&nbsp;A
                                         common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock
                                         dividends, reorganizations, recapitalizations and the like) for any 20 trading days within
                                         a 30-trading day period ending three business days before the Company sends the notice
                                         of redemption to the warrant holders.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RECHARGE ACQUISITION CORP.<BR>
NOTES TO FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">If and when the warrants become redeemable
by the Company, the Company may not exercise its redemption right if the issuance of shares of common stock upon exercise of the
warrants is not exempt from registration or qualification under applicable state blue sky laws or if the Company is unable to
effect such registration or qualification.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">If the Company calls the Public Warrants
for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on a
 &ldquo;cashless basis,&rdquo; as described in the warrant agreement. The exercise price and number of shares of Class&nbsp;A common
stock issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a stock dividend,
or recapitalization, reorganization, merger or consolidation. However, the warrants will not be adjusted for issuance of Class&nbsp;A
common stock at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the
warrants. If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates
the funds held in the Trust Account, holders of warrants will not receive any of such funds with respect to their warrants, nor
will they receive any distribution from the Company&rsquo;s assets held outside of the Trust Account with the respect to such
warrants. Accordingly, the warrants may expire worthless.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">In addition, if (x)&nbsp;the Company issues
additional shares of Class&nbsp;A common stock or equity-linked securities for capital raising purposes in connection with the
closing of a Business Combination at an issue price or effective issue price of less than $9.20 per Class&nbsp;A common (with
such issue price or effective issue price to be determined in good faith by the Company&rsquo;s board of directors and, in the
case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor
or such affiliates, as applicable, prior to such issuance) (the &ldquo;Newly Issued Price&rdquo;), (y)&nbsp;the aggregate gross
proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding
of a Business Combination on the date of the consummation of a Business Combination (net of redemptions), and (z)&nbsp;the volume
weighted average trading price of the Company&rsquo;s Class&nbsp;A common stock during the 20 trading day period starting on the
trading day prior to the day on which the Company consummates a Business Combination (such price, the &ldquo;Market Value&rdquo;)
is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the
higher of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger price will be adjusted (to
the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The Private Placement Warrants will be
identical to the Public Warrants underlying the Units being sold in the Proposed Public Offering, except that the Private Placement
Warrants and the Class&nbsp;A common stock issuable upon the exercise of the Private Placement Warrants will not be transferable,
assignable or salable until after the completion of a Business Combination, subject to certain limited exceptions. Additionally,
the Private Placement Warrants will be exercisable on a cashless basis and be non-redeemable so long as they are held by the initial
purchasers or their permitted transferees. If the Private Placement Warrants are held by someone other than the initial purchasers
or their permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by such holders
on the same basis as the Public Warrants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>NOTE 8&mdash;SUBSEQUENT EVENTS </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"> The Company evaluated subsequent events
and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based upon
this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial
statements. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>20,000,000
Units</B></FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Recharge
Acquisition Corp.</B></FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 0 auto; width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>PRELIMINARY
PROSPECTUS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 0 auto; width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>Joint Book-Running&nbsp;Managers</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="font-size: 10pt; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; text-indent: -10pt; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Raymond
    James</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 10pt; text-indent: -10pt; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>EarlyBirdCapital</B></FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
2020</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Until<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>,
2020, all dealers that buy, sell or trade our common stock, whether or not participating in this offering, may be required to
deliver a prospectus. This is in addition to the dealers&#8217; obligation to deliver a prospectus when acting as underwriters
and with respect to their unsold allotments or subscriptions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We have not, and the underwriter has not, authorized anyone
to provide you with any information or to make any representatives other than contained in this prospectus. We and the underwriter
take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may provide
you. We are not, and the underwriter is not, making an offer to sell securities in any jurisdiction where the offer or sale is
not permitted. You should not assume that the information contained in this prospectus is accurate as of any date other than the
date on the front of this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">No dealer, salesperson or any other person is authorized to
give any information or make any representations in connection with this offering other than those contained in this prospectus
and, if given or made, the information or representations must not be relied upon as having been authorized by us. This prospectus
does not constitute an offer to sell or a solicitation of an offer to buy any security other than the securities offered by this
prospectus, or an offer to sell or a solicitation of an offer to buy any securities by anyone in any jurisdiction in which the
offer or solicitation is not authorized or is unlawful.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PART&nbsp;II</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INFORMATION NOT REQUIRED IN PROSPECTUS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 13. Other Expenses&nbsp;of Issuance and Distribution.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The estimated expenses payable by us in connection with the
offering described in this registration statement (other than the underwriting discount and commissions) will be as follows:</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 86%; text-align: left; text-indent: -10pt; padding-left: 10pt">SEC/FINRA
    expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">64,854</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Accounting
    fees and expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">32,500</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Printing and
    engraving expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">35,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Travel and
    road show expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">25,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Directors
    &amp; officers liability insurance premiums<SUP>(1)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">125,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Legal fees
    and expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">250,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Nasdaq listing
    and filing fees</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Miscellaneous</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">212,646</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -10pt; padding-left: 10pt">Total</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-indent: -24pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.35in">(1)</TD>
    <TD>This amount represents the approximate amount of annual director and officer liability insurance premiums the registrant
    anticipates paying following the completion of its initial public offering and until it completes an initial business combination.</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 14. Indemnification of Directors and officers.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our amended and restated certificate of incorporation will
provide that all of our directors, officers, employees and agents shall be entitled to be indemnified by us to the fullest extent
permitted by Section 145 of the DGCL. Section&nbsp;145 of the Delaware General Corporation Law concerning indemnification of officers,
directors, employees and agents is set forth below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Section 145. Indemnification of officers, directors, employees
and agents; insurance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.2in">&nbsp;</TD>
    <TD STYLE="width: 0.2in">(a)</TD>
    <TD>A corporation shall have power to indemnify any person who was or is a party or is threatened to be made a party to any
    threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other
    than an action by or in the right of the corporation) by reason of the fact that the person is or was a director, officer,
    employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee
    or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys&#8217;
    fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with such
    action, suit or proceeding if the person acted in good faith and in a manner the person reasonably believed to be in or not
    opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable
    cause to believe the person&#8217;s conduct was unlawful. The termination of any action, suit or proceeding by judgment, order,
    settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that
    the person did not act in good faith and in a manner which the person reasonably believed to be in or not opposed to the best
    interests of the corporation, and, with respect to any criminal action or proceeding, had reasonable cause to believe that
    the person&#8217;s conduct was unlawful.</TD></TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>(b)</TD>
    <TD>A corporation shall have power to indemnify any person who was or is a party or is threatened to be made a party to any
    threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by
    reason of the fact that the person is or was a director, officer, employee or agent of the corporation, or is or was serving
    at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture,
    trust or other enterprise against expenses (including attorneys&#8217; fees) actually and reasonably incurred by the person
    in connection with the defense or settlement of such action or suit if the person acted in good faith and in a manner the
    person reasonably believed to be in or not opposed to the best interests of the corporation and except that no indemnification
    shall be made in respect of any claim, issue or matter as to which such person&nbsp;shall have been adjudged to be liable
    to&nbsp;the corporation unless and only to the extent that the&nbsp;Court of Chancery or the court in which such action or&nbsp;suit
    was brought shall determine upon application that, despite the&nbsp;adjudication of liability but in view of all the circumstances
    of&nbsp;the case, such person is fairly and reasonably entitled to&nbsp;indemnity for such expenses which the Court of Chancery
    or such&nbsp;other court shall deem proper.</TD></TR>

</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.2in">&nbsp;</TD>
    <TD STYLE="width: 0.2in">(c)</TD>
    <TD>To the extent that a present or former director or officer of a corporation has been successful on the merits or otherwise
    in defense of any action, suit or proceeding referred to in subsections (a) and (b) of this section, or in defense of any
    claim, issue or matter therein, such person shall be indemnified against expenses (including attorneys&#8217; fees) actually
    and reasonably incurred by such person in connection therewith.</TD></TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: left">(d)</TD><TD STYLE="text-align: justify">Any indemnification under subsections (a) and (b)
                                         of this section (unless ordered by a court) shall be made by the corporation only as
                                         authorized in the specific case upon a determination that indemnification of the present
                                         or former director, officer, employee or agent is proper in the circumstances because
                                         the person has met the applicable standard of conduct set forth in subsections (a) and
                                         (b) of this section. Such determination shall be made, with respect to a person who is
                                         a director or officer at the time of such determination, (1) by a majority vote of the
                                         directors who are not parties to such action, suit or proceeding, even though less than
                                         a quorum, or (2) by a committee of such directors designated by majority vote of such
                                         directors, even though less than a quorum, or (3) if there are no such directors, or
                                         if such directors so direct, by independent legal counsel in a written opinion, or (4)
                                         by the stockholders.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: left">(e)</TD><TD STYLE="text-align: justify">Expenses (including attorneys&#8217; fees) incurred
                                         by an officer or director in defending any civil, criminal, administrative or investigative
                                         action, suit or proceeding may be paid by the corporation in advance of the final disposition
                                         of such action, suit or proceeding upon receipt of an undertaking by or on behalf of
                                         such director or officer to repay such amount if it shall ultimately be determined that
                                         such person is not entitled to be indemnified by the corporation as authorized in this
                                         section. Such expenses (including attorneys&#8217; fees) incurred by former officers
                                         and directors or other employees and agents may be so paid upon such terms and conditions,
                                         if any, as the corporation deems appropriate.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: left">(f)</TD><TD STYLE="text-align: justify">The indemnification and advancement of expenses
                                         provided by, or granted pursuant to, the other subsections of this section shall not
                                         be deemed exclusive of any other rights to which those seeking indemnification or advancement
                                         of expenses may be entitled under any bylaw, agreement, vote of stockholders or disinterested
                                         directors or otherwise, both as to action in such person&#8217;s official capacity and
                                         as to action in another capacity while holding such office. A right to indemnification
                                         or to advancement of expenses arising under a provision of the certificate of incorporation
                                         or a bylaw shall not be eliminated or impaired by an amendment to such provision after
                                         the occurrence of the act or omission that is the subject of the civil, criminal, administrative
                                         or investigative action, suit or proceeding for which indemnification or advancement
                                         of expenses is sought, unless the provision in effect at the time of such act or omission
                                         explicitly authorizes such elimination or impairment after such action or omission has
                                         occurred.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: left">(g)</TD><TD STYLE="text-align: justify">A corporation shall have power to purchase and maintain
                                         insurance on behalf of any person who is or was a director, officer, employee or agent
                                         of the corporation, or is or was serving at the request of the corporation as a director,
                                         officer, employee or agent of another corporation, partnership, joint venture, trust
                                         or other enterprise against any liability asserted against such person and incurred by
                                         such person in any such capacity, or arising out of such person&#8217;s status as such,
                                         whether or not the corporation would have the power to indemnify such person against
                                         such liability under this section.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: left">(h)</TD><TD STYLE="text-align: justify">For purposes of this section, references to &#8220;the
                                         corporation&#8221; shall include, in addition to the resulting corporation, any constituent
                                         corporation (including any constituent of a constituent) absorbed in a consolidation
                                         or merger which, if its separate existence had continued, would have had power and authority
                                         to indemnify its directors, officers, and employees or agents, so that any person who
                                         is or was a director, officer, employee or agent of such constituent corporation, or
                                         is or was serving at the request of such constituent corporation as a director, officer,
                                         employee or agent of another corporation, partnership, joint venture, trust or other
                                         enterprise, shall stand in the same position under this section with respect to the resulting
                                         or surviving corporation as such person would have with respect to such constituent corporation
                                         if its separate existence had continued.</TD>
</TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.2in"></TD><TD STYLE="text-align: left; width: 0.2in">(i)</TD><TD STYLE="text-align: justify">For purposes
                                         of this section, references to &#8220;other enterprises&#8221; shall include employee
                                         benefit plans; references to &#8220;fines&#8221; shall include any excise taxes assessed
                                         on a person with respect to any employee benefit plan; and references to &#8220;serving
                                         at the request of the corporation&#8221; shall include any service as a director, officer,
                                         employee or agent of the corporation which imposes duties on, or involves services by,
                                         such director, officer, employee or agent with respect to an employee benefit plan, its
                                         participants or beneficiaries; and a person who acted in good faith and in a manner such
                                         person reasonably believed to be in the interest of the participants and beneficiaries
                                         of an employee benefit plan shall be deemed to have acted in a manner &#8220;not opposed
                                         to the best interests of the corporation&#8221; as referred to in this section.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: left">(j)</TD><TD STYLE="text-align: justify">The indemnification and advancement of expenses
                                         provided by, or granted pursuant to, this section shall, unless otherwise provided when
                                         authorized or ratified, continue as to a person who has ceased to be a director, officer,
                                         employee or agent and shall inure to the benefit of the heirs, executors and administrators
                                         of such a person.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: left">(k)</TD><TD STYLE="text-align: justify">The Court of Chancery is hereby vested with exclusive
                                         jurisdiction to hear and determine all actions for advancement of expenses or indemnification
                                         brought under this section or under any by law, agreement, vote of stockholders or disinterested
                                         directors, or otherwise. The Court of Chancery may summarily determine a corporation&#8217;s
                                         obligation to advance expenses (including attorneys&#8217; fees).</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to our directors, officers, and controlling persons pursuant to the foregoing provisions, or otherwise,
we have been advised that, in the opinion of the SEC, such indemnification is against public policy as expressed in the Securities
Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment
of expenses incurred or paid by a director, officer or controlling person in a successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being registered, we will, unless
in the opinion of its counsel the matter has been settled by controlling precedent, submit to the court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed
by the final adjudication of such issue.</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In accordance with Section 102(b)(7) of the DGCL, our amended
and restated certificate of incorporation, provides that no director shall be personally liable to us or any of our stockholders
for monetary damages resulting from breaches of their fiduciary duty as directors, except to the extent such limitation on or
exemption from liability is not permitted under the DGCL. The effect of this provision of our amended and restated certificate
of incorporation is to eliminate our rights and those of our stockholders (through stockholders&#8217; derivative suits on our
behalf) to recover monetary damages against a director for breach of the fiduciary duty of care as a director, including breaches
resulting from negligent or grossly negligent behavior, except, as restricted by Section 102(b)(7) of the DGCL. However, this
provision does not limit or eliminate our rights or the rights of any stockholder to seek non-monetary&nbsp;relief, such as an
injunction or rescission, in the event of a breach of a director&#8217;s duty of care.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If the DGCL is amended to authorize corporate action further
eliminating or limiting the liability of directors, then, in accordance with our amended and restated certificate of incorporation,
the liability of our directors to us or our stockholders will be eliminated or limited to the fullest extent authorized by the
DGCL, as so amended. Any repeal or amendment of provisions of our amended and restated certificate of incorporation limiting or
eliminating the liability of directors, whether by our stockholders or by changes in law, or the adoption of any other provisions
inconsistent therewith, will (unless otherwise required by law) be prospective only, except to the extent such amendment or change
in law permits us to further limit or eliminate the liability of directors on a retroactive basis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our amended and restated certificate of incorporation also
will provide that we will, to the fullest extent authorized or permitted by applicable law, indemnify our current and former officers
and directors, as well as those persons who, while directors or officers of our corporation, are or were serving as directors,
officers, employees or agents of another entity, trust or other enterprise, including service with respect to an employee benefit
plan, in connection with any threatened, pending or completed proceeding, whether civil, criminal, administrative or investigative,
against all expense, liability and loss (including, without limitation, attorneys&#8217; fees, judgments, fines, ERISA excise
taxes and penalties and amounts paid in settlement) reasonably incurred or suffered by any such person in connection with any
such proceeding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Notwithstanding the foregoing, a person eligible for indemnification
pursuant to our amended and restated certificate of incorporation indemnifies us in connection with a proceeding initiated by
such person only if such proceeding was authorized by our board of directors, except for proceedings to enforce rights to indemnification.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The right to indemnification which will be conferred by our
amended and restated certificate of incorporation is a contract right that includes the right to be paid by us the expenses incurred
in defending or otherwise participating in any proceeding referenced above in advance of its final disposition, provided, however,
that if the DGCL requires, an advancement of expenses incurred by our officer or director (solely in the capacity as an officer
or director of our corporation) will be made only upon delivery to us of an undertaking, by or on behalf of such officer or director,
to repay all amounts so advanced if it is ultimately determined that such person is not entitled to be indemnified for such expenses
under our amended and restated certificate of incorporation or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The rights to indemnification and advancement of expenses will
not be deemed exclusive of any other rights which any person covered by our amended and restated certificate of incorporation
may have or hereafter acquire under law, our amended and restated certificate of incorporation, our bylaws, an agreement, vote
of stockholders or disinterested directors, or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Any repeal or amendment of provisions of our amended and restated
certificate of incorporation affecting indemnification rights, whether by our stockholders or by changes in law, or the adoption
of any other provisions inconsistent therewith, will (unless otherwise required by law) be prospective only, except to the extent
such amendment or change in law permits us to provide broader indemnification rights on a retroactive basis, and will not in any
way diminish or adversely affect any right or protection existing at the time of such repeal or amendment or adoption of such
inconsistent provision with respect to any act or omission occurring prior to such repeal or amendment or adoption of such inconsistent
provision. Our amended and restated certificate of incorporation permits us, to the extent and in the manner authorized or permitted
by law, to indemnify and to advance expenses to persons other that those specifically covered by our amended and restated certificate
of incorporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our bylaws, which we intend to adopt immediately prior to the
closing of this offering, include the provisions relating to advancement of expenses and indemnification rights consistent with
those which will be set forth in our amended and restated certificate of incorporation. In addition, our bylaws provide for a
right of indemnity to bring a suit in the event a claim for indemnification or advancement of expenses is not paid in full by
us within a specified period of time. Our bylaws also permit us to purchase and maintain insurance, at our expense, to protect
us and/or any director, officer, employee or agent of our corporation or another entity, trust or other enterprise against any
expense, liability or loss, whether or not we would have the power to indemnify such person against such expense, liability or
loss under the DGCL.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Any repeal or amendment of provisions of our bylaws affecting
indemnification rights, whether by our board of directors, stockholders or by changes in applicable law, or the adoption of any
other provisions inconsistent therewith, will (unless otherwise required by law) be prospective only, except to the extent such
amendment or change in law permits us to provide broader indemnification rights on a retroactive basis, and will not in any way
diminish or adversely affect any right or protection existing thereunder with respect to any act or omission occurring prior to
such repeal or amendment or adoption of such inconsistent provision.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will enter into indemnification agreements with each of
our officers and directors, a form of which is to be filed as an exhibit to this Registration Statement. These agreements will
require us to indemnify these individuals to the fullest extent permitted under Delaware law against liabilities that may arise
by reason of their service to us, and to advance expenses incurred as a result of any proceeding against them as to which they
could be indemnified.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the Underwriting Agreement to be filed as Exhibit
1.1 to this Registration Statement, we have agreed to indemnify the underwriters and the underwriters have agreed to indemnify
us against certain civil liabilities that may be incurred in connection with this offering, including certain liabilities under
the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 15. Recent Sales of Unregistered Securities.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In July 2020, our sponsor purchased 5,750,000 founder shares
(up to an aggregate of 750,000&nbsp;shares of which are subject to forfeiture depending on the extent to which the underwriters&#8217;
over-allotment&nbsp;option is exercised. The number of founder shares issued was determined based on the expectation that the
founder shares would represent 20% of the outstanding shares of common stock upon completion of this offering. Such securities
were issued in connection with our organization pursuant to the exemption from registration contained in Section 4(a)(2) of the
Securities Act. Our sponsor is an accredited investor for purposes of Rule 501 of Regulation D.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In addition, our sponsor has committed, pursuant to a written
agreement, to purchase from us an aggregate of 5,750,000 warrants (or 6,350,000 warrants if the over-allotment&nbsp;option is
exercised in full) at a price of $1.00 per warrant ($5,750,000 in the aggregate, or $6,350,000 if the over-allotment&nbsp;option
is exercised in full). This purchase will take place on a private placement basis simultaneously with the completion of our initial
public offering. This issuance will be made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities
Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 16. Exhibits and Financial Statement Schedules.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.25in; text-align: left">(a)</TD><TD STYLE="text-align: justify"><I>Exhibits.&nbsp;&nbsp;&nbsp;&nbsp;</I>The
                                         list of exhibits preceding the signature page of this registration statement is incorporated
                                         herein by reference.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.25in; text-align: left">(b)</TD><TD STYLE="text-align: justify"><I>Financial
                                         Statements.&nbsp;&nbsp;&nbsp;&nbsp;</I>See page F-1&nbsp;for an index to the financial
                                         statements and schedules included in the registration statement.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 17. Undertakings.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.25in; text-align: left">(a)</TD><TD STYLE="text-align: justify">The undersigned
                                         registrant hereby undertakes to provide to the underwriters at the closing specified
                                         in the underwriting agreements, certificates in such denominations and registered in
                                         such names as required by the underwriters to permit prompt delivery to each purchaser.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: left">(b)</TD><TD STYLE="text-align: justify">Insofar as indemnification for liabilities arising
                                         under the Securities Act of 1933 may be permitted to directors, officers and controlling
                                         persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant
                                         has been advised that in the opinion of the Securities and Exchange Commission such indemnification
                                         is against public policy as expressed in the Act and is, therefore, unenforceable. In
                                         the event that a claim for indemnification against such liabilities (other than the payment
                                         by the registrant of expenses incurred or paid by a director, officer or controlling
                                         person of the registrant in the successful defense of any action, suit or proceeding)
                                         is asserted by such director, officer or controlling person in connection with the securities
                                         being registered, the registrant will, unless in the opinion of its counsel the matter
                                         has been settled by controlling precedent, submit to a court of appropriate jurisdiction
                                         the question whether such indemnification by it is against public policy as expressed
                                         in the Act and will be governed by the final adjudication of such issue.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: left">(c)</TD><TD STYLE="text-align: justify">The undersigned registrant hereby undertakes that:</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(1)</TD><TD STYLE="text-align: justify">For purposes
                                         of determining any liability under the Securities Act of 1933, the information omitted
                                         from the form of prospectus filed as part of this registration statement in reliance
                                         upon Rule 430A and contained in a form of prospectus filed by the registrant pursuant
                                         to Rule 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part
                                         of this registration statement as of the time it was declared effective.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(2)</TD><TD STYLE="text-align: justify">For the purpose
                                         of determining any liability under the Securities Act of 1933, each post-effective&nbsp;amendment
                                         that contains a form of prospectus shall be deemed to be a new registration statement
                                         relating to the securities offered therein, and the offering of such securities at that
                                         time shall be deemed to be the initial bona fide offering thereof.</TD>
</TR></TABLE>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(3)</TD><TD STYLE="text-align: justify">For the purpose
                                         of determining liability under the Securities Act of 1933 of any purchaser, if the registrant
                                         is subject to Rule 430C, each prospectus filed pursuant to Rule 424(b) as part of a registration
                                         statement relating to an offering, other than registration statements relying on Rule
                                         430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be
                                         part of and included in the registration statement as of the date it is first used after
                                         effectiveness. Provided, however, that no statement made in a registration statement
                                         or prospectus that is part of the registration statement or made in a document incorporated
                                         or deemed incorporated by reference into the registration statement or prospectus that
                                         is part of the registration statement will, as to a purchaser with a time of contract
                                         of sale prior to such first use, supersede or modify any statement that was made in the
                                         registration statement or prospectus that was part of the registration statement or made
                                         in any such document immediately prior to such date of first use.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56pt; text-indent: -0.25in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(4)</TD><TD STYLE="text-align: justify">For the purpose
                                         of determining liability of a registrant under the Securities Act of 1933 to any purchaser
                                         in the initial distribution of the securities, the undersigned registrant undertakes
                                         that in a primary offering of securities of an undersigned registrant pursuant to this
                                         registration statement, regardless of the underwriting method used to sell the securities
                                         to the purchaser, if the securities are offered or sold to such purchaser by means of
                                         any of the following communications, the undersigned registrant will be a seller to the
                                         purchaser and will be considered to offer or sell such securities to such purchaser:</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in; text-align: left">(i)</TD><TD STYLE="text-align: justify">any preliminary
                                         prospectus or prospectus of the undersigned registrant relating to the offering required
                                         to be filed pursuant to Rule 424;</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: left">(ii)</TD><TD STYLE="text-align: justify">any free writing prospectus relating to the offering
                                         prepared by or on behalf of the undersigned registrant or used or referred to by an undersigned
                                         registrant;</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: left">(iii)</TD><TD STYLE="text-align: justify">the portion of any other free writing prospectus
                                         relating to the offering containing material information about the undersigned registrant
                                         or its securities provided by or on behalf of the undersigned registrant; and</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: left">(iv)</TD><TD STYLE="text-align: justify">any other communication that is an offer in the
                                         offering made by the undersigned registrant to the purchaser.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT
INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; width: 8%; padding-right: 3pt; text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit</B></FONT> </TD>
    <TD STYLE="padding-bottom: 1pt; white-space: nowrap; width: 1%"> &nbsp; </TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 91%; text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Description</B></FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.1</FONT> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Underwriting Agreement**</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center"> <A HREF="tm2026346d2_ex3-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.1</FONT></A> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <A HREF="tm2026346d2_ex3-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certificate
    of Incorporation*</FONT></A> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.2</FONT> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Amended and Restated Certificate
    of Incorporation**</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center"> <A HREF="tm2026346d2_ex3-3.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.3</FONT></A> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <A HREF="tm2026346d2_ex3-3.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By
    Laws*</FONT></A> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.1</FONT> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Specimen Unit Certificate**</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.2</FONT> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Specimen Class A Common Stock Certificate**</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.3</FONT> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Specimen Warrant Certificate**</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.4</FONT> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Warrant Agreement between Continental
    Stock Transfer &amp; Trust Company and the Registrant**</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.1</FONT> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Opinion of Ellenoff Grossman &amp; Schole
    LLP**</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.1</FONT> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Letter Agreement among the Registrant
    and our officers directors and sponsor**</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"> <A HREF="tm2026346d2_ex10-2.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.2</FONT></A> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <A HREF="tm2026346d2_ex10-2.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Promissory
    Note, dated July 7, 2020, issued to the sponsor*</FONT></A> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.4</FONT> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Investment Management Trust Agreement
    between Continental Stock Transfer &amp; Trust Company and the Registrant**</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.5</FONT> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Registration Rights Agreement between
    the Registrant and certain security holders**</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center"> <A HREF="tm2026346d2_ex10-6.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.6</FONT></A> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <A HREF="tm2026346d2_ex10-6.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Securities
    Subscription Agreement, dated July 7, 2020, between the Registrant and the sponsor*</FONT></A> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.7</FONT> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Private Placement Warrants Purchase
    Agreement between the Registrant and the sponsor**</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.8</FONT> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Indemnity Agreement**</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"> 10.9 </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> Form of Administrative Service Agreement between the Registrant and the sponsor** </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14</FONT> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Code of Ethics**</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"><A HREF="tm2026346d2_ex23-1.htm" STYLE="-sec-extract: exhibit"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.1</FONT> </A></TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD><A HREF="tm2026346d2_ex23-1.htm" STYLE="-sec-extract: exhibit"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consent of Marcum LLP*</FONT> </A></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.2</FONT> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consent of Ellenoff Grossman &amp; Schole
    LLP (included in Exhibit 5.1)**</FONT> </TD></TR>

<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"> <A HREF="#x_018"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">24</FONT></A> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <A HREF="#x_018"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Power of Attorney (included
    in signature page)*</FONT></A> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</FONT> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Audit Committee Charter**</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.2</FONT> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Compensation Committee Charter**</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.3</FONT> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consent of Mitchell Steenrod **</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.4</FONT> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consent of Donald Graber**</FONT> </TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.5</FONT> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consent of John Bachman**</FONT> </TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"></P>



<P STYLE="margin: 0"></P>


<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; width: 0.3in">*</TD>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt">filed herewith</TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt">**</TD>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt">to be filed</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="x_018"></A>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> Pursuant to the requirements of the Securities Act of 1933,
as amended, the registrant has duly caused this amended Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Sarasota, State of Florida, on the 8<SUP>th</SUP> day of September, 2020. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Recharge Acquisition Corp.</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%"> &nbsp; </TD>
    <TD STYLE="width: 4%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT> </TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 46%"> /s/ Anthony Kenney </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Anthony Kenney</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Executive Officer </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Act of 1933,
as amended, this amended Registration Statement has been signed below by the following persons in the capacities and on the dates
indicated.</P>

<P STYLE="border-top: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; width: 31%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 48%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Position</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 19%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Date</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid"> /s/ Rajesh Soin </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chairman </FONT> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD STYLE="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">September 8, 2020</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rajesh Soin</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid"> /s/ Anthony Kenney </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Executive Officer </FONT> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD STYLE="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">September 8, 2020</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Anthony Kenney</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(principal executive officer)</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid"> /s/ Michael Gearhardt </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Financial Officer </FONT> </TD>
    <TD STYLE="white-space: nowrap"> &nbsp; </TD>
    <TD STYLE="text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">September 8, 2020</FONT> </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Michael Gearhardt</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(principal financial and accounting officer)</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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{"company-data": {"conformed-name": "Recharge Acquisition Corp.", "cik": "0001817786", "assigned-sic": "6770", "irs-number": "000000000", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-1", "act": "33", "file-number": "333-248651", "film-number": "201164211"}, "business-address": {"street1": "1129 MIAMISBURG CENTERVILLE RD.", "city": "WEST CARROLLTON", "state": "OH", "zip": "45449", "phone": "9376100457"}, "mail-address": {"street1": "1129 MIAMISBURG CENTERVILLE RD.", "city": "WEST CARROLLTON", "state": "OH", "zip": "45449"}}
As filed with the Securities and
Exchange Commission on September 8, 2020.
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
FORM S-1
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
__________________________
Recharge
Acquisition Corp.
(Exact name of registrant as specified
in its charter)
___________________________
Delaware
6770
85-1873676
(State or other jurisdiction
    of
incorporation or organization)
(Primary Standard
    Industrial
Classification Code Number)
(I.R.S. Employer
Identification Number)
1900 Main Street, Suite 201
Sarasota, Florida 34236
(937) 610-4057
(Address, Including Zip Code, and Telephone
Number, Including Area Code, of Registrant's Principal Executive Offices)
__________________________
Anthony Kenney
Chief Executive Officer
c/o Recharge Acquisition Corp.
1900 Main Street, Suite 201
Sarasota, Florida 34236
(937) 610-4057
(Name, Address, Including Zip Code, and
Telephone Number, Including Area Code, of Agent For Service)
__________________________
Copies to:
Douglas
S. Ellenoff, Esq.
Stuart Neuhauser, Esq.
Ellenoff Grossman & Schole LLP
1345 Avenue of the Americas,
New York, New York 10105
(212) 370-1300
Alan I. Annex
Jason T. Simon
Greenberg Traurig, LLP
1750 Tysons Blvd., Suite 1000
McLean, Virginia 22102
(703) 749-1300
__________________________
Approximate date of commencement of proposed sale to the
public:
As soon as practicable after the effective date of this registration statement.
If
any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under
the Securities Act of 1933 check the following box.
¨
If
this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please
check the following box and list the Securities Act registration statement number of the earlier effective registration statement
for the same offering.
¨
If
this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and
list the Securities Act registration statement number of the earlier effective registration statement for the same offering.
¨
If
this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and
list the Securities Act registration statement number of the earlier effective registration statement for the same offering.
¨
Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging
growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller
reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer
¨
Accelerated filer
¨
Non-accelerated filer
x
Smaller reporting company
x
Emerging growth company
x
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.
¨
CALCULATION OF REGISTRATION FEE
Title of Each Class of Security
    Being Registered
Amount Being
Registered
Proposed
Maximum
Offering Price
per Security
(1)
Proposed
Maximum
Aggregate
Offering Price
(1)
Amount
    of
Registration
Fee
Units,
    each consisting of one share of Class A common stock, $0.0001 par value, and one-half of one redeemable warrant
(2)
23,000,000 Units
$
10.00
$
230,000,000
$
29,854
Shares
    of Class A common stock included as part of the units
(3)
23,000,000 Shares
—
—
—
(4)
Redeemable
    warrants included as part of the units
(3)
11,500,000 Warrants
—
—
—
(4)
Total
$
230,000,000
$
29,854
(1)
Estimated
                                         solely for the purpose of calculating the registration fee.
(2)
Includes
                                         3,000,000 units, consisting of 3,000,000 shares of Class A common stock and 1,500,000
                                         redeemable warrants, which may be issued upon exercise of a 45-day option granted
                                         to the underwriters to cover over-allotments, if any.
(3)
Pursuant
                                         to Rule 416 under the Securities Act, there are also being registered an indeterminable
                                         number of additional securities as may be issued to prevent dilution resulting from stock
                                         splits, stock dividends or similar transactions.
(4)
No
                                         fee pursuant to Rule 457(g) under the Securities Act.
The Registrant hereby amends this Registration Statement
on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which
specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the
Securities Act of 1933 or until the Registration Statement shall become effective on such date as the Securities and Exchange
Commission, acting pursuant to said Section 8(a), may determine.
The information in this prospectus is not complete
and may be changed. We may not sell these securities until the registration statement filed with the U.S. Securities and Exchange
Commission is effective. This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy
these securities in any jurisdiction where the offer or sale is not permitted.
SUBJECT
    TO COMPLETION, DATED SEPTEMBER 8, 2020
PRELIMINARY PROSPECTUS
$200,000,000
Recharge Acquisition
    Corp.
20,000,000
    Units
Recharge Acquisition Corp. is a blank check company whose business
purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination
with one or more businesses, which we refer to herein as our initial business combination. We have not selected any specific business
combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly,
with any business combination target with respect to an initial business combination with us.
This is an initial public offering of our securities. Each
unit has an offering price of $10.00 and consists of one share of our Class A common stock and one-half of one redeemable
warrant. Each whole warrant entitles the holder thereof to purchase one share of our Class A common stock at a price of $11.50
per share, subject to adjustment as described herein. Only whole warrants are exercisable. No fractional warrants will be issued
upon separation of the units and only whole warrants will trade. The warrants will become exercisable on the later of 30 days
after the completion of our initial business combination and 12 months from the closing of this offering, and will expire
five years after the completion of our initial business combination or earlier upon redemption or our liquidation, as described
in this prospectus. The underwriters have a 45-day option from the date of this prospectus to purchase up to an additional
3,000,000 units to cover over-allotments, if any. We will provide our public stockholders with the opportunity to redeem all or
a portion of their shares of our Class A common stock, or public shares, upon the completion of our initial business combination,
at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account described below
as of two business days prior to the consummation of our initial business combination, including interest earned on the funds
held in the trust account and not previously released to us to pay our taxes, divided by the number of then outstanding public
shares, subject to the limitations and on the conditions described herein. If we are unable to complete our initial business combination
within 24 months from the closing of this offering, we will redeem 100% of the public shares at a per-share price, payable
in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the
trust account and not previously released to us to pay our taxes (less up to $100,000 of interest to pay dissolution expenses),
divided by the number of then outstanding public shares, subject to applicable law and certain conditions as further described
herein.
Our sponsor, SKG Sponsor LLC, has agreed to purchase an aggregate
of 5,750,000 warrants (or 6,350,000 warrants if the over-allotment option is exercised in full) at a price of $1.00 per warrant
($5,750,000 in the aggregate, or $6,350,000 if the over-allotment option is exercised in full), each exercisable to purchase
one share of our Class A common stock at a price of $11.50 per share, in a private placement that will close simultaneously with
the closing of this offering.
Our initial stockholders own an aggregate of 5,750,000 shares
of our Class B common stock (up to 750,000 shares of which are subject to forfeiture depending on the extent to which the
underwriters' over-allotment option is exercised), which will automatically convert into shares of Class A common stock
at the time of our initial business combination, subject to adjustment pursuant to certain anti-dilution rights, as described
herein.
Currently, there is no public market for our units, Class
A common stock or warrants. We have applied to list our units on the Nasdaq Capital Stock Market, or Nasdaq, under the symbol
 "RCHGU". We expect that our units will be listed on Nasdaq on or promptly after the date of this prospectus. We cannot
guarantee that our securities will be approved for listing on Nasdaq. We expect the Class A common stock and warrants comprising
the units will begin separate trading on the 52
nd
day following the date of this prospectus unless Raymond James
 & Associates, Inc. and EarlyBirdCapital, Inc., the representatives of the underwriters, inform us of their decision to allow
earlier separate trading, subject to our satisfaction of certain conditions as described further herein. Once the securities comprising
the units begin separate trading, we expect that the Class A common stock and warrants will be listed on Nasdaq under the symbols
 "RCHG" and "RCHGW," respectively.
We are an "emerging growth company" under applicable
federal securities laws and will be subject to reduced public company reporting requirements. Investing in our securities involves
a high degree of risk. See "Risk Factors" beginning on page 27 for a discussion of information that should be considered
in connection with an investment in our securities. Investors will not be entitled to protections normally afforded to investors
in Rule 419 blank check offerings.
Neither the
U.S. Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or
determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
PER
    UNIT
TOTAL
Public offering price
$
10.00
$
200,000,000
Underwriting
    discounts and commissions
(1)
$
0.55
$
11,000,000
Proceeds, before
    expenses, to Recharge Acquisition Corp.
$
9.45
$
189,000,000
(1)
$0.20
    per unit, or $4,000,000 in the aggregate (or $4,600,000 if the underwriters' over-allotment option is exercised
    in full), is payable upon the closing of this offering. Includes $0.35 per unit, or $7,000,000 (or up to $8,050,000 if
    the underwriters' over-allotment option is exercised in full) in the aggregate payable to the underwriters for
    deferred underwriting commissions to be placed in a trust account located in the United States as described herein. The deferred
    commissions will be released to the underwriters only on completion of an initial business combination, as described in this
    prospectus. See the section of this prospectus entitled "Underwriting" beginning on page 127 for a description
    of compensation and other items of value payable to the underwriters.
Of the proceeds we receive from this offering and the sale
of the private placement warrants described in this prospectus, $200.0 million or $230.0 million if the underwriters'
over-allotment option is exercised in full ($10.00 per unit in either case) will be deposited into a trust account in the
United States at J.P. Morgan Chase Bank, N.A., with Continental Stock Transfer & Trust Company acting as trustee, and $1.75 million
will be available to pay fees and expenses in connection with the closing of this offering and for working capital following the
closing of this offering.
The underwriters are offering the units for
sale on a firm commitment basis. The underwriters expect to deliver the units to the purchasers on or about            ,
2020
.
Joint
Book-Running Managers
Raymond
    James
EarlyBirdCapital
,
2020
TABLE OF CONTENTS
SUMMARY
1
RISK
    FACTORS
27
CAUTIONARY
    NOTE REGARDING FORWARD-LOOKING STATEMENTS
56
USE
    OF PROCEEDS
57
DIVIDEND
    POLICY
60
DILUTION
61
CAPITALIZATION
63
MANAGEMENT'S
    DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
64
PROPOSED
    BUSINESS
69
MANAGEMENT
94
PRINCIPAL
    STOCKHOLDERS
103
CERTAIN
    RELATIONSHIPS AND RELATED PARTY TRANSACTIONS
106
DESCRIPTION
    OF SECURITIES
107
U.S.
    FEDERAL INCOME TAX CONSIDERATIONS
120
UNDERWRITING
127
LEGAL
    MATTERS
135
EXPERTS
135
WHERE
    YOU CAN FIND ADDITIONAL INFORMATION
135
INDEX
    TO FINANCIAL STATEMENTS
F-1
We are responsible for the information contained in this
prospectus. We have not, and the underwriters have not, authorized anyone to provide you with different information, and neither
we nor the underwriters take responsibility for any other information others may give to you. We are not, and the underwriters
are not, making an offer to sell securities in any jurisdiction where the offer or sale is not permitted. You should not assume
that the information contained in this prospectus is accurate as of any date other than the date on the front of this prospectus.
i
SUMMARY
This summary only highlights the more detailed
information appearing elsewhere in this prospectus. You should read this entire prospectus carefully, including the information
under the section of this prospectus entitled "Risk Factors" and our financial statements and the related notes included
elsewhere in this prospectus, before investing. Unless otherwise stated in this prospectus, or the context otherwise requires,
references to:
•     "common
stock" are to our Class A common stock and our Class B common stock, collectively;
•     "founder
shares" are to shares of our Class B common stock held by our initial stockholders prior to this offering, and the shares
of our Class A common stock issued upon the conversion thereof as provided herein;
•     "initial
stockholders" are to our sponsor and any other holders of our founder shares prior to this offering (or their permitted
transferees);
•     "management"
or our "management team" are to our officers and directors;
•     "private
placement warrants" are to the warrants issued to our sponsor in a private placement simultaneously with the closing of
this offering;
•     "public
shares" are to shares of our Class A common stock sold as part of the units in this offering (whether they are purchased
in this offering or thereafter in the open market);
•     "public
stockholders" are to the holders of our public shares, including our initial stockholders and members of our management
team to the extent our initial stockholders and/or members of our management team purchase public shares; provided that each initial
stockholder's and member of our management team's status as a "public stockholder" shall only exist with
respect to such public shares;
•     "public
warrants" are to our redeemable warrants sold as part of the units in this offering (whether they are purchased in this
offering or thereafter in the open market), to the private placement warrants if held by third parties other than our sponsor
(or permitted transferees), and to any private placement warrants issued upon conversion of working capital loans that are sold
to third parties that are not initial purchasers of our private placement warrants or executive officers or directors (or permitted
transferees);
•     "sponsor"
are
to SKG Sponsor LLC, a Delaware limited liability company; Mr. Soin, our Chairman, is the managing member of our sponsor;
•     "trust
account" are to the trust account in the United States at J.P. Morgan Chase Bank, N.A., with Continental Stock Transfer
 & Trust Company acting as trustee, into which we will deposit certain proceeds from this offering and the sale of the private
placement warrants;
•     "warrants"
are to our redeemable warrants, which includes the public warrants as well as the private placement warrants to the extent they
are no longer held by the initial purchaser of the private placement warrants or its permitted transferees; and
•     "we,"
 "us," "Company" or "our company" are to Recharge Acquisition Corp.
Unless we tell you otherwise, the information in this prospectus
assumes that the underwriters will not exercise their over-allotment option.
1
General
We are a blank check company whose business purpose is to effect
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 prospectus 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.
We will seek to capitalize on the decades of experience and
relationships of our management team, including Anthony Kenney, our Chief Executive Officer and director nominee. Mr. Kenney previously
worked for Marathon Petroleum Corporation (NYSE: MPC) ("MPC") for the past 43 years and recently retired as President
of its Speedway division, which he led since 2005. Under his leadership, Speedway became the second largest company-owned and
operated convenience and fuel store chain in the United States with over $20 billion in revenue and 35,000 employees. Mr. Kenney
led a significant increase in the scale and scope of the business through acquisitions, and ultimately increased store count from
approximately 1,600 in 2005 to 3,923 locations nationwide in 2019. Moreover, he is recognized as having been instrumental in developing
Speedway's Loyalty Program.
We also seek to capitalize on the experience of Michael Gearhardt,
our Chief Financial Officer, who has significant public company management experience having served as Executive Vice President,
Chief Financial Officer of MTC Technologies, Inc. (NASDAQ: MTCT) ("MTCT"). During his time with MTCT, he oversaw the
completion of acquisitions and capital markets transactions and ultimately led the $450 million sale of the company to BAE Systems.
Prior to MTCT, Mr. Gearhardt worked for two decades in management and finance capacities with Mark IV Industries/Dayco Products
(NYSE – IV); during which time he was appointed to Executive Vice President, Industrial Operations and participated in a
number of acquisitions and dispositions including the $2.0 billion sale of the company. Mr. Gearhardt also has invested in and
sold several manufacturing businesses and is a Certified Public Accountant.
Management also expects to greatly benefit from the depth of
experience and relationships of our Board Members:
Rajesh Soin, our Chairman, previously founded MTCT and served
as Chairman and Chief Executive Officer for approximately 18 years until its initial public offering in 2002, when he became Chairman.
MTCT was sold to BAE Systems Inc. in 2008 for approximately $450 million. Mr. Soin is an entrepreneur with significant public
company management experience and broad relationships. He presently invests through the Soin Family office and serves on the board
of Kayne Anderson Real Estate Partners as well as Transtar Industries, which manufactures and distributes automotive original
equipment and aftermarket products. Mr. Soin previously served on the board of Diebold Nixdorf, Incorporated (NYSE: DBD) where
he was on the Governance and Compensation committees.
Mitchell Steenrod, our director nominee, is the retired Senior
Vice President and Chief Financial Officer of Pilot Travel Centers LLC (doing business as "Pilot Flying J"), the nation's
largest operator of travel centers. Mr. Steenrod joined the board of CarMax, Inc. (NYSE: KMX) in 2011 and currently serves as
the Lead Independent Director.
Donald Graber, our director nominee, previously served on the
board of Precision Castparts Corporation ("PCC") starting in 1995, was lead director for three years, chaired the
Nominating & Governance Committee and was on the Compensation Committee. PCC was ultimately sold to Berkshire Hathaway for
approximately $37 billion. Mr. Graber also previously served on the board of MTCT alongside Mr. Soin and was on the boards of
Amcast Industrial Corporation and Huffy Corporation.
John Bachman, our director nominee, previously had a long-standing
career at PricewaterhouseCoopers ("PwC") and was named U.S. Strategy Leader in 2004, when he created the first strategic
planning process using a multi-faceted approach across the matrix organization focusing on business units, geographies, and industries.
In 2007, he was elevated to Chief Operating Officer of the assurance practice in the United States, which represented over 50%
of PwC's revenue. Mr. Bachman serves on the board of The Children's Place, Inc. (NASDAQ: PLCE), WEX Inc. (NYSE: WEX)
and Grocery Outlet Holding Corp. (NASDAQ: GO), each of which is a public company. He chairs the Audit Committee of both The Children's
Place and Grocery Outlet Holding Corp.
The past performance of our management team, or their respective
affiliates, is not a guarantee either (i) of success with respect to any business combination we may consummate or (ii) that we
will be able to identify a suitable candidate for our initial business combination. No member of our management team has been
an officer or director of a special purpose acquisition corporation in the past. You should not rely on the historical record
of our management team's or their respective affiliates' performance as indicative of our future performance.
Our officers and directors may become an officer or director
of any another special purpose acquisition company with a class of securities intended to be registered under the Securities Exchange
Act of 1934, as amended, or the Exchange Act, prior to the completion of our initial business combination.
Business Strategy
Our business strategy is to identify and
complete our initial business combination with a company that complements the experience of our management team and can benefit
from their operational, marketing and finance expertise. Our selection process will leverage Mr. Kenney's broad and deep
relationship network, unique industry experience and deal sourcing capabilities to access a wide spectrum of opportunities. This
network has been developed over the past 20 years in executive positions at MPC and while managing Speedway to industry leading
success. We believe that our management team will identify a business combination that will benefit from their experience, including:
·
Long
                                         history of sourcing, structuring, acquiring, operating, developing, growing and financing
                                         businesses;
·
Significant
                                         integration experience implementing new technologies and systems to drive value and standardization;
·
Strong
                                         marketing and capital allocation decision-making to establish and maintain premium brand;
                                         and
·
Sound
                                         understanding of public company performance requirements and ability to guide private-to-public
                                         process.
Upon completion of this offering, our management
team will access their network of relationships to articulate the parameters for our search for a target company and begin the
process of reviewing and pursuing potential business combinations.
2
Acquisition Criteria
Our acquisition strategy will leverage Mr. Kenney's
network of long-standing relationships and industry contacts as well as inbound opportunities to source a business combination.
Consistent with our business strategy, we have identified the following general criteria and guidelines that we believe are important
in evaluating prospective target businesses. We will use these criteria and guidelines in evaluating acquisition opportunities,
but we may decide to enter into our initial business combination with a target business that does not meet these criteria and
guidelines. We intend to identify and acquire one or more businesses that we believe exhibit a number of the following attributes:
·
Well
                                         established market presence with recognizable brand and reputation for quality service;
·
Platform
                                         with sufficient scale and geographic concentration from which to expand through acquisitions;
·
Generates
                                         stable free cash flow or has the potential to do so near term;
·
Generates
                                         returns well in excess of the cost of capital;
·
Easily
                                         identified cost savings that can be realized near term;
·
Modest
                                         capital requirements to refurbish locations to quality standards;
·
Can
                                         benefit from new technologies and systems to meaningfully enhance financial performance;
·
Quality
                                         management and personnel with ability to contribute to growth strategy; and
·
Would
                                         benefit from being publicly traded and having access to incremental growth capital.
If the business we seek to acquire is
directly in the retail convenience store channel, we will seek the following attributes:
·
Possesses
                                         a preponderance of convenience and fuel store locations that are well situated and in
                                         good condition; and
·
Portfolio
                                         of stores with sufficient scale to expand product offerings and maximize gross profit.
These criteria and guidelines are not intended
to be exhaustive. Any evaluation relating to the merits of a particular initial business combination may be based, to the extent
relevant, on these general criteria and guidelines as well as other considerations, factors, criteria and guidelines that our
management may deem relevant. In addition to any potential business candidates we may identify on our own, we anticipate that
other target business candidates will be brought to our attention from various unaffiliated sources, including investment market
participants, private equity funds and large business enterprises seeking to divest non - core assets or divisions.
Acquisition Process
In evaluating a prospective target business,
we expect to conduct an extensive due diligence review which may encompass, as applicable and among other things, meetings with
incumbent management and employees, document reviews, interviews of customers and suppliers, inspection of facilities and a review
of financial and other information about the target and its industry. We will also utilize our management team's operational
and capital planning experience.
We are not prohibited from pursuing an initial business combination
with an initial business combination target that is affiliated with our sponsor, officers or directors or making the initial business
combination through a joint venture or other form of shared ownership with our sponsor, officers or directors. In the event we
seek to complete our initial business combination with an initial business combination target that is affiliated with our sponsor,
officers or directors, we, or a committee of independent directors, would obtain an opinion from an independent investment banking
firm or another independent entity that commonly renders valuation opinions that such an initial business combination is fair
to our company from a financial point of view.
Each of our directors and officers will,
directly or indirectly, own founder shares and/or private placement warrants following this offering and, accordingly, may have
a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate
our initial business combination. Further, such officers and directors may have a conflict of interest with respect to evaluating
a particular business combination if the retention or resignation of any such officers and directors was included by a target
business as a condition to any agreement with respect to our initial business combination.
3
Certain of our directors and officers currently have, and any
of them in the future may have additional, fiduciary or contractual obligations to another entity pursuant to which such officer
or director is or will be required to present a business combination opportunity to such entity subject to his or her fiduciary
duties. If any of our directors or officers becomes aware of a business combination opportunity that falls within the line of
business of any entity to which he or she has then-existing fiduciary or contractual obligations, he or she may be required
to present such business combination opportunity to such entity prior to presenting such business combination opportunity to us.
No members of our management team have any obligation to present
us with any opportunity for a potential business combination of which they become aware, unless presented to such member specifically
in his or her capacity as an officer or a director of the company. Members of our management team may be required to present potential
business combinations to other entities to whom they have fiduciary duties before they present such opportunities to us. Any knowledge
or presentation of such opportunities may therefore present conflicts of interest.
Initial Business Combination
In accordance with the rules of Nasdaq, our
initial business combination must occur with one or more target businesses that together have an aggregate fair market value of
at least 80% of the value of the assets held in the trust account (net of amounts disbursed to management for working capital
purposes, if any, and excluding the amount of deferred underwriting discounts held in trust and taxes payable on the income earned
on the trust account) at the time of our signing a definitive agreement in connection with our initial business combination. If
our board of directors is not able to independently determine the fair market value of the target business or businesses, we will
obtain an opinion from an independent investment banking firm that is a member of the Financial Industry Regulatory Authority
("FINRA") or an independent valuation or appraisal firm with respect to satisfaction of such criteria. Our stockholders
may not be provided with a copy of such opinion nor will they be able to rely on such opinion. We do not intend to purchase multiple
businesses in unrelated industries in conjunction with our initial business combination. Subject to this requirement, our management
will have virtually unrestricted flexibility in identifying and selecting one or more prospective businesses, although we will
not be permitted to effectuate our initial business combination with another blank check company or a similar company with nominal
operations. Additionally, pursuant to Nasdaq rules, any initial business combination must be approved by a majority of our independent
directors.
We anticipate structuring our initial business
combination so that the post-transaction company in which our public stockholders own shares will own or acquire 100% of the equity
interests or assets of the target business or businesses. We may, however, structure our initial business combination such that
the post-transaction company owns or acquires less than 100% of such interests or assets of the target business in order to meet
certain objectives of the prior owners of the target business, the target management team or stockholders or for other reasons,
but we will only complete such business combination if the post-transaction company owns or acquires 50% or more of the outstanding
voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required
to register as an investment company under the Investment Company Act of 1940, as amended (the "Investment Company Act").
Even if the post-transaction company owns or acquires 50% or more of the voting securities of the target, our stockholders prior
to the business combination may collectively own a minority interest in the post-transaction company, depending on valuations
ascribed to the target and us in the business combination transaction. For example, we could pursue a transaction in which we
issue a substantial number of new shares in exchange for all of the outstanding capital stock, shares or other equity interests
of a target. In this case, we would acquire a 100% controlling interest in the target. However, as a result of the issuance of
a substantial number of new shares, our stockholders immediately prior to our initial business combination could own less than
a majority of our issued and outstanding shares subsequent to our initial business combination. If less than 100% of the equity
interests or assets of a target business or businesses are owned or acquired by the post-transaction company, the portion of such
business or businesses that is owned or acquired is what will be valued for purposes of the 80% of fair market value test. If
the business combination involves more than one target business, the 80% of fair market value test will be based on the aggregate
value of all of the target businesses and we will treat the target businesses together as the initial business combination for
purposes of a tender offer or for seeking stockholder approval, as applicable.
4
The net proceeds of this offering and the sale of the private
placement warrants released to us from the trust account upon the closing of our initial business combination may be used as consideration
to pay the sellers of a target business with which we complete our initial business combination. If our initial business combination
is paid for using equity or debt securities, or not all of the funds released from the trust account are used for payment of the
consideration in connection with our initial business combination or used for redemption of our public shares, we may use the
balance of the cash released to us from the trust account following the closing for general corporate purposes, including for
maintenance or expansion of operations of the post-transaction businesses, the payment of principal or interest due on indebtedness
incurred in completing our initial business combination, to fund the purchase of other companies or for working capital. In addition,
we may be required to obtain additional financing in connection with the closing of our initial business combination to be used
following the closing for general corporate purposes as described above. There is no limitation on our ability to raise funds
through the issuance of equity or equity-linked securities or through loans, advances or other indebtedness in connection
with our initial business combination, including pursuant to forward purchase agreements or backstop agreements we may enter into
following consummation of this offering. Subject to compliance with applicable securities laws, we would only complete such financing
simultaneously with the completion of our initial business combination. At this time, we are not a party to any arrangement or
understanding with any third party with respect to raising any additional funds through the sale of securities or otherwise. None
of our sponsors, officers, directors or stockholders is required to provide any financing to us in connection with or after our
initial business combination. We may also obtain financing prior to the closing of our initial business combination to fund our
working capital needs and transaction costs in connection with our search for and completion of our initial business combination.
Our amended and restated certificate of incorporation will provide that, following this offering and prior to the consummation
of our initial business combination, we will be prohibited from issuing additional securities that would entitle the holders thereof
to (i) receive funds from the trust account or (ii) vote as a class with our public shares (a) on any initial business combination
or (b) to approve an amendment to our amended and restated certificate of incorporation to (x) extend the time we have to consummate
a business combination beyond 24 months from the closing of this offering or (y) amend the foregoing provisions, unless (in
connection with any such amendment to our amended and restated certificate of incorporation) we offer our public stockholders
the opportunity to redeem their public shares.
Corporate Information
Our offices are located at 1900 Main Street, Ste. 201, Sarasota,
Florida 34236, and our telephone number is (937) 610-4057.
We are an "emerging growth company," as defined
in Section 2(a) of the Securities Act of 1933, as amended, or the Securities Act, as modified by the Jumpstart Our Business Startups
Act of 2012, or the JOBS Act. As such, we are eligible to take advantage of certain exemptions from various reporting requirements
that are applicable to other public companies that are not "emerging growth companies" including, but not limited
to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002,
or the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in our periodic reports and proxy
statements, and exemptions from the requirements of holding a non-binding advisory vote on executive compensation and stockholder
approval of any golden parachute payments not previously approved. If some investors find our securities less attractive as a
result, there may be a less active trading market for our securities and the prices of our securities may be more volatile.
In addition, Section 107 of the JOBS Act also provides that
an "emerging growth company" can take advantage of the extended transition period provided in Section 7(a)(2)(B) of
the Securities Act for complying with new or revised accounting standards. In other words, an "emerging growth company"
can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We intend
to take advantage of the benefits of this extended transition period.
We will remain an emerging growth company until the earlier
of (1) the last day of the fiscal year (a) following the fifth anniversary of the completion of this offering, (b) in which we
have total annual gross revenue of at least $1.07 billion, or (c) in which we are deemed to be a large accelerated filer,
which means the market value of our Class A common stock that is held by non-affiliates exceeds $700 million as of the
prior June 30
th
, and (2) the date on which
we have issued more than $1.0 billion in non-convertible debt securities during the prior three-year period. References
herein to "emerging growth company" shall have the meaning associated with it in the JOBS Act.
5
Additionally, we are a "smaller reporting
company" as defined in Rule 10(f)(1) of Regulation S-K. Smaller reporting companies may take advantage of certain reduced
disclosure obligations, including, among other things, providing only two years of audited financial statements. We will remain
a smaller reporting company until the last day of the fiscal year in which (1) the market value of our common stock held by non-affiliates exceeds
$250 million as of the prior June 30
th
, or (2) our annual revenues exceed $100 million during such completed
fiscal year and the market value of our common stock held by non-affiliates exceeds $700 million as of the prior June
30.
6
THE OFFERING
In deciding whether to invest in our securities, you should
take into account not only the backgrounds of the members of our management team, but also the special risks we face as a blank
check company and the fact that this offering is not being conducted in compliance with Rule 419 promulgated under the Securities
Act. You will not be entitled to protections normally afforded to investors in Rule 419 blank check offerings. You should carefully
consider these and the other risks set forth in the section below entitled "Risk Factors" beginning on page 27 of
this prospectus.
Securities offered
20,000,000
(1)
units,
    at $10.00 per unit, each unit consisting of:
•   one
    share of Class A common stock; and
•   one-half of
    one redeemable warrant.
Proposed NASDAQ
    symbols
Units:
    "RCHGU"
Class
    A Common Stock: "RCHG"
Warrants:
    "RCHGW"
Trading commencement
                                         and separation of Class A common stock and warrants
The
    units are expected to begin trading on or promptly after the date of this prospectus. We expect the Class A common stock and
    warrants comprising the units will begin separate trading on the 52
nd
day following the date of this prospectus
    unless Raymond James & Associates, Inc. and EarlyBirdCapital, Inc. inform us of their decision to allow earlier separate
    trading, subject to our having filed the Current Report on Form 8-K described below and having issued a press release
    announcing when such separate trading will begin. Once the shares of Class A common stock and warrants commence separate trading,
    holders will have the option to continue to hold units or separate their units into the component securities. Holders will
    need to have their brokers contact our transfer agent in order to separate the units into shares of Class A common stock and
    warrants. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Accordingly,
    unless you purchase at least two units, you will not be able to receive or trade a whole warrant.
In
    no event will the Class A common stock and warrants be traded separately until we have filed a Current Report on Form 8-K with
    the SEC containing an audited balance sheet reflecting our receipt of the gross proceeds at the closing of this offering.
    We will file the Current Report on Form 8-K promptly after the closing of this offering, which closing is anticipated
    to take place three business days from the date of this prospectus. If the underwriters' over-allotment option
    is exercised following the initial filing of such Current Report on Form 8-K, a second or amended Current Report on Form 8-K will
    be filed to provide updated financial information to reflect the exercise of the underwriters' over-allotment option.
7
Units:
Number outstanding before this offering
0
Number outstanding after this offering
20,000,000
(1)
Common stock:
Number outstanding before this offering
5,750,000 shares
    of Class B common stock
(2)
Number outstanding after this offering
25,000,000 shares
    of Class A common stock and Class B common stock
(1)(3)
Redeemable Warrants:
Number of private placement warrants to be sold
    in a private placement simultaneously with this offering
5,750,000
(1)
Number of warrants to be outstanding after this
    offering and the private placement
15,750,000
(1)
Exercisability
Each
    whole warrant is exercisable to purchase one share of our Class A common stock. Only whole warrants are exercisable.
No
    fractional warrants will be issued upon separation of the units and only whole warrants will trade.
We
    structured each unit to contain one-half of one warrant, with each whole warrant exercisable for one share of Class A
    common stock, as compared to units issued by some other similar blank check companies that contain one whole warrant exercisable
    for one share, in order to reduce the dilutive effect of the warrants upon completion of our initial business combination
    as compared to units that each contain one warrant exercisable for one share, thus making us, we believe, a more attractive
    business combination partner for target businesses.
(1)
Assumes no exercise
                                         of the underwriters' over-allotment option and the forfeiture by our sponsor
                                         of an aggregate of 750,000 founder shares.
(2)
Includes up to
                                         an aggregate of 750,000 shares that are subject to forfeiture by our sponsor depending
                                         on the extent to which the underwriters' over-allotment option is exercised.
(3)
Comprised of 20,000,000 shares
                                         of Class A common stock and 5,000,000 shares of Class B common stock. The Class
                                         B common stock is convertible into shares of our Class A common stock on a one-for-one basis,
                                         subject to adjustment as described herein adjacent to the caption "Founder shares
                                         conversion and anti-dilution rights."
8
Exercise price
$11.50
    per share, subject to adjustment as described herein. In addition, if (x) we issue additional shares of Class A common stock
    or equity-linked securities for capital raising purposes in connection with the closing of our initial business combination
    at an issue price or effective issue price of less than $9.20 per share of Class A common stock (with such issue price or
    effective issue price to be determined in good faith by our board of directors and, in the case of any such issuance to our
    sponsor or its affiliates, without taking into account any founder shares held by our sponsor or its affiliates, prior to
    such issuance) (the "Newly Issued Price"), (y) the aggregate gross proceeds from such issuances represent more
    than 60% of the total equity proceeds, and interest thereon, available for the funding of our initial business combination
    on the date of the consummation of our initial business combination (net of redemptions), and (z) the volume weighted average
    trading price of our common stock during the 20 trading day period starting on the trading day prior to the day on which we
    consummate our initial business combination (such price, the "Market Value") is below $9.20 per share, the exercise
    price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the
    Newly Issued Price, and the $18.00 per share redemption trigger price described below under "Redemption of warrants"
    will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price.
Exercise period
The warrants will become exercisable on the later of:
•   30
        days after the completion of our initial business combination, and
•   12 months
        from the closing of this offering;
provided,
    in each case, that we have an effective registration statement under the Securities Act covering the shares of Class A common
    stock issuable upon exercise of the warrants and a current prospectus relating to them is available (or we permit holders
    to exercise their warrants on a cashless basis under the circumstances specified in the warrant agreement) and such shares
    are registered, qualified or exempt from registration under the securities, or blue sky, laws of the state of residence of
    the holder.
We
    are not registering the shares of Class A common stock issuable upon exercise of the warrants at this time. However, we have
    agreed that as soon as practicable, but in no event later than 15 business days after the closing of our initial business
    combination, we will use our best efforts to file with the SEC a registration statement covering the shares of Class A common
    stock issuable upon exercise of the warrants, to cause such registration statement to become effective and to maintain a current
    prospectus relating to those shares of Class A common stock until the warrants expire or are redeemed, as specified in the
    warrant agreement. If a registration statement covering the shares of common stock issuable upon exercise of the warrants
    is not effective by the 60
th
business day after the closing of our initial business combination, warrantholders
    may, until such time as there is an effective registration statement and during any period when we will have failed to maintain
    an effective registration statement, exercise warrants on a "cashless basis" in accordance with Section 3(a)(9)
    of the Securities Act or another exemption.
9
Notwithstanding
    the above, if our common stock is at the time of any exercise of a warrant not listed on a national securities exchange such
    that it satisfies the definition of a "covered security" under Section 18(b)(1) of the Securities Act, we
    may, at our option, require holders of public warrants who exercise their warrants to do so on a "cashless basis"
    in accordance with Section 3(a)(9) of the Securities Act and, in the event we so elect, we will not be required to file or
    maintain in effect a registration statement, and in the event we do not so elect, we will use our best efforts to register
    or qualify the shares under applicable blue sky laws to the extent an exemption is not available.
The
    warrants will expire at 5:00 p.m., New York City time, five years after the completion of our initial business combination
    or earlier upon redemption or liquidation. On the exercise of any warrant, the warrant exercise price will be paid directly
    to us and not placed in the trust account.
Redemption of warrants
    and cashless exercise
Once the warrants become exercisable, we may redeem
        the outstanding warrants (except as described herein with respect to the private placement warrants):
•    in
        whole and not in part;
•    at
        a price of $0.01 per warrant;
•    upon
        a minimum of 30 days' prior written notice of redemption, which we refer to as the 30-day redemption period;
        and
•    if,
        and only if, the reported closing price of our Class A common stock equals or exceeds $18.00 per share (as adjusted
        for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day
        period ending on the third trading day prior to the date on which we send the notice of redemption to the warrantholders.
We
    will not redeem the warrants unless a registration statement under the Securities Act covering the shares of Class A common
    stock issuable upon exercise of the warrants is effective and a current prospectus relating to those shares of Class A common
    stock is available throughout the 30-day redemption period, except if the warrants may be exercised on a cashless basis
    and such cashless exercise is exempt from registration under the Securities Act. If and when the warrants become redeemable
    by us, we may not exercise our redemption right if the issuance of shares of common stock upon exercise of the warrants is
    not exempt from registration or qualification under applicable state blue sky laws or we are unable to effect such registration
    or qualification. We will use our best efforts to register or qualify such shares of common stock under the blue sky laws
    of the state of residence in those states in which the warrants were offered by us in this offering.
10
If we call the warrants for
    redemption as described above, our management will have the option to require all holders that wish to exercise warrants to
    do so on a cashless basis. In determining whether to require all holders to exercise their warrants on a cashless basis, our
    management will consider, among other factors, our cash position, the number of warrants that are outstanding and the dilutive
    effect on our stockholders of issuing the maximum number of shares of Class A common stock issuable upon the exercise of our
    warrants. In such event, each holder would pay the exercise price by surrendering the warrants for that number of shares of
    Class A common stock equal to the quotient obtained by dividing (x) the product of the number of shares of Class A common
    stock underlying the warrants multiplied by the excess of the "fair market value" (defined below) over the exercise
    price of the warrant by (y) the fair market value. The "fair market value" shall mean the average reported closing
    price of the Class A common stock for the 10 trading days ending on the third trading day prior to the date on which the notice
    of redemption is sent to the holders of warrants. Please see the section of this prospectus entitled "Description of
    Securities — Redeemable Warrants — Public Stockholders' Warrants" for additional information.
None of the private placement warrants will
    be redeemable by us so long as they are held by our sponsor or its permitted transferees.
Founder shares
As of the date hereof, our
    sponsor holds 5,750,000 founder shares, 750,000 of which are subject to forfeiture if the underwriters' over-allotment option
    is not exercised.
11
The number of founder shares
    issued and outstanding was determined based on the expectation that the founder shares would represent 20% of the outstanding
    shares after this offering. As such, our initial stockholders will collectively own 20% of our issued and outstanding shares
    after this offering (assuming they do not purchase any units in this offering). None of our sponsor, officers or directors
    have expressed an intention to purchase any units in this offering. Up to an aggregate 750,000 founder shares will be subject
    to forfeiture by our sponsor depending on the extent to which the underwriters' over-allotment option is exercised
    so that our initial stockholders will maintain ownership of 20% of our common stock after this offering. We will effect a
    stock dividend or share contribution prior to this offering should the size of the offering change, in order to maintain such
    ownership percentage.
The founder shares are identical to the shares of Class
        A common stock included in the units being sold in this offering, except that:
•   the
        founder shares are shares of Class B common stock that automatically convert into shares of our Class A common stock at
        the time of our initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights
        as described herein;
•   the
        founder shares are subject to certain transfer restrictions, as described in more detail below;
•   the
        founder shares are entitled to registration rights;
•   our
        sponsor, officers and directors have entered into a letter agreement with us, pursuant to which they have agreed to (i) waive
        their redemption rights with respect to their founder shares and public shares in connection with the completion of our
        initial business combination, (ii) waive their redemption rights with respect to their founder shares and public shares
        in connection with a stockholder vote to approve an amendment to our amended and restated certificate of incorporation
        to (A) modify the substance or timing of our obligation to provide for the redemption of our public shares in connection
        with an initial business combination or to redeem 100% of our public shares if we do not complete our initial business
        combination within 24 months from the closing of this offering or (B) with respect to any other material provisions
        relating to stockholders' rights or pre-initial business combination activity, (iii) waive their rights to
        liquidating distributions from the trust account with respect to their founder shares if we fail to complete our initial
        business combination within 24 months from the closing of this offering, although they will be entitled to liquidating
        distributions from the trust account with respect to any public shares they hold if we fail to complete our initial business
        combination within the prescribed time frame and (iv) vote any founder shares held by them and any public shares purchased
        during or after this offering (including in open market and privately-negotiated transactions) in favor of our initial
        business combination.
12
If we submit our initial
    business combination to our public stockholders for a vote, we will complete our initial business combination only if a majority
    of the outstanding shares of common stock voted are voted in favor of the initial business combination. As a result of the
    agreement of our sponsor, officers and directors to vote their shares in favor of our initial business combination, we would
    need only 7,500,001, or 37.5%, of the 20,000,000 public shares sold in this offering to be voted in favor of our initial business
    combination in order to have our initial business combination approved (assuming all outstanding shares are voted and the
    over-allotment option is not exercised).
Transfer restrictions on founder shares
Our initial stockholders have agreed not to
    transfer, assign or sell any of their founder shares until the earlier to occur of: (A) one year after the completion of our
    initial business combination or (B) subsequent to our initial business combination, (x) if the reported closing price of our
    Class A common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations
    and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after our initial
    business combination, or (y) the date on which we complete a liquidation, merger, capital stock exchange or other similar
    transaction that results in all of our stockholders having the right to exchange their shares of common stock for cash, securities
    or other property (except as described herein under the section of this prospectus entitled "Principal Stockholders — Restrictions
    on Transfers of Founder Shares and Private Placement Warrants"). Any permitted transferees will be subject to the same
    restrictions and other agreements of our initial stockholders with respect to any founder shares. We refer to such transfer
    restrictions throughout this prospectus as the lock-up.
Founder shares conversion and
anti-dilution rights
The founder shares are shares of Class B common stock that will automatically convert into shares of our Class A common stock
    at the time of our initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights,
    as described herein. In the case that additional shares of Class A common stock or equity-linked securities are issued
    or deemed issued in connection with our initial business combination, the number of shares of Class A common stock issuable
    upon conversion of all founder shares will equal, in the aggregate, on an as-converted basis, 20% of the sum of the total
    number of all shares of common stock outstanding upon the completion of this offering, plus the total number of shares of
    Class A common stock issued, or deemed issued or issuable upon conversion or exercise of any equity-linked securities
    or rights issued or deemed issued, by the Company in connection with or in relation to the consummation of the initial business
    combination, excluding any shares of Class A common stock or equity-linked securities exercisable for or convertible
    into shares of Class A common stock issued, or to be issued, to any seller in the initial business combination and any private
    placement-equivalent warrants issued to our sponsor, officers or directors upon conversion of working capital loans;
    provided that such conversion of founder shares will never occur on a less than one for one basis;
Voting Rights
Holders of record of the Class A common stock
    and holders of record of the Class B common stock will vote together as a single class on all matters submitted to a vote
    of our stockholders, with each share of common stock entitling the holder to one vote except as required by law.
13
Private placement warrants
Our sponsor has committed,
    pursuant to a written agreement, to purchase an aggregate of 5,750,000 private placement warrants (or 6,350,000 if the over-allotment option
    is exercised in full), each exercisable to purchase one share of our Class A common stock at $11.50 per share, at a price
    of $1.00 per warrant ($5,750,000 in the aggregate or $6,350,000 in the aggregate if the over-allotment option is exercised
    in full) in a private placement that will occur simultaneously with the closing of this offering. A portion of the purchase
    price of the private placement warrants will be added to the proceeds from this offering to be held in the trust account such
    that, at the time of closing, $200.0 million (or $230.0 million if the underwriters exercise their over-allotment option
    in full) will be held in the trust account. If we do not complete our initial business combination within 24 months from
    the closing of this offering, the proceeds from the sale of the private placement warrants held in the trust account will
    be used to fund the redemption of our public shares (subject to the requirements of applicable law) and the private placement
    warrants will expire worthless.
The private placement warrants
    will be non-redeemable and exercisable on a cashless basis so long as they are held by the sponsor or its permitted transferees.
    If the private placement warrants are held by holders other than our sponsor or its permitted transferees, the private placement
    warrants will be redeemable by us and exercisable by the holders on the same basis as the warrants included in the units being
    sold in this offering.
Transfer restrictions on private placement
    warrants
The private placement warrants (including the Class A common stock issuable upon exercise of the private placement warrants)
    will not be transferable, assignable or salable until 30 days after the completion of our initial business combination (except
    as described under the section of this prospectus entitled "Principal Stockholders — Restrictions on Transfers
    of Founder Shares and Private Placement Warrants").
Cashless exercise of private placement warrants
If holders of private placement warrants elect
    to exercise them on a cashless basis, they would pay the exercise price by surrendering their warrants for that number of
    shares of Class A common stock equal to the quotient obtained by dividing (x) the product of the number of shares of Class
    A common stock underlying the warrants multiplied by the excess of the "fair market value" (defined below) over
    the exercise price of the warrants by (y) the fair market value. The "fair market value" shall mean the average
    reported closing price of the Class A common stock for the 10 trading days ending on the third trading day prior to the date
    on which the notice of warrant exercise is sent to the warrant agent. The reason that we have agreed that these warrants will
    be exercisable on a cashless basis so long as they are held by the sponsor or its permitted transferees is because it is not
    known at this time whether they will be affiliated with us following an initial business combination. If they remain affiliated
    with us, their ability to sell our securities in the open market will be significantly limited. We expect to have policies
    in place that prohibit insiders from selling our securities except during specific periods of time. Even during such periods
    of time when insiders will be permitted to sell our securities, an insider cannot trade in our securities if he or she is
    in possession of material nonpublic information. Accordingly, unlike public stockholders who could sell the shares of Class
    A common stock issuable upon exercise of the warrants freely in the open market, the insiders could be significantly restricted
    from doing so. As a result, we believe that allowing the holders to exercise such warrants on a cashless basis is appropriate.
14
Proceeds to be held in trust account
Nasdaq rules provide that
    at least 90% of the gross proceeds from this offering and the sale of the private placement warrants be deposited in a trust
    account. Of the net proceeds of this offering and the sale of the private placement warrants, $200,000,000, or $10.00 per
    unit ($230,000,000, or $10.00 per unit, if the underwriters' over-allotment option is exercised in full) will be
    placed into a trust account in the United States at J.P. Morgan Chase Bank, N.A., with Continental Stock Transfer & Trust
    Company acting as trustee, and $1,750,000 (regardless of the extent to which the underwriters' over-allotment option
    is exercised) will be used to pay expenses in connection with the closing of this offering and for working capital following
    this offering.
These proceeds include $7,000,000 (or $8,050,000
    if the underwriters' over-allotment option is exercised in full) in deferred underwriting commissions.
Except with respect to interest earned on the
    funds held in the trust account that may be released to us to pay our taxes, our amended and restated certificate of incorporation
    provides that the proceeds from this offering and the sale of the private placement warrants, will not be released from the
    trust account until the earliest of (a) the completion of our initial business combination, (b) the redemption of any public
    shares properly submitted in connection with a stockholder vote to amend our amended and restated certificate of incorporation
    to (i) modify the substance or timing of our obligation to provide for the redemption of our public shares in connection with
    an initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination
    within 24 months from the closing of this offering or (ii) with respect to any other material provisions relating to
    stockholders' rights or pre-initial business combination activity, and (c) the redemption of our public shares
    if we are unable to complete our initial business combination within 24 months from the closing of this offering, subject
    to applicable law. The proceeds deposited in the trust account could become subject to the claims of our creditors, if any,
    which could have priority over the claims of our public stockholders.
Anticipated expenses and
funding sources
Unless and until we complete our initial business combination,
        no proceeds held in the trust account will be available for our use, except the withdrawal of interest to pay our taxes
        and/or to redeem our public shares in connection with an amendment to our amended and restated certificate of incorporation,
        as described above. The proceeds held in the trust account will be invested only in U.S. government securities with a
        maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment
        Company Act that invest only in direct U.S. government treasury obligations. We will disclose in each quarterly and annual
        report filed with the SEC prior to our initial business combination whether the proceeds deposited in the trust account
        are invested in U.S. government treasury obligations or money market funds or a combination thereof. Based upon current
        interest rates, we expect the trust account to generate approximately $200,000 of interest annually assuming an interest
        rate of 0.1% per year; however, we can provide no assurances regarding this amount. Unless and until we complete our initial
        business combination, we may pay our expenses only from:
•   the
        net proceeds of this offering and the sale of the private placement warrants not held in the trust account, which will
        be approximately $1,000,000 in working capital after the payment of approximately $750,000 in expenses relating to this
        offering; and
15
•  any
    loans or additional investments from our sponsor, or an affiliate of our sponsor or certain of our officers and directors,
    although they are under no obligation to advance funds or invest in us, and provided that any such loans will not have any
    claim on the proceeds held in the trust account unless such proceeds are released to us upon completion of our initial business
    combination. Up to $1,500,000 of such loans may be convertible into warrants, at a price of $1.00 per warrant at the option
    of the lender.
Conditions to completing our initial business
    combination
In accordance with the rules of Nasdaq, our initial business combination must occur with one or more target businesses that
    together have an aggregate fair market value of at least 80% of the value of the assets held in the trust account (net of
    amounts disbursed to management for working capital purposes, if any, and excluding the amount of deferred underwriting discounts
    held in trust and taxes payable on the income earned on the trust account) at the time of our signing a definitive agreement
    in connection with our initial business combination. Our board of directors will make the determination as to the fair market
    value of our initial business combination. If our board of directors is not able to independently determine the fair market
    value of our initial business combination, we will obtain an opinion from an independent investment banking firm or another
    independent entity that commonly renders valuation opinions with respect to the satisfaction of such criteria. While we consider
    it unlikely that our board of directors will not be able to make an independent determination of the fair market value of
    our initial business combination, it may be unable to do so if it is less familiar or experienced with the business of a particular
    target or if there is a significant amount of uncertainty as to the value of a target's assets or prospects.
We anticipate
    structuring our initial business combination so that the post-transaction company in which our public stockholders own
    shares will own or acquire 100% of the equity interests or assets of the target business or businesses. However, we may structure
    our initial business combination so that the post-transaction company owns or acquires less than 100% of such interests
    or assets of the target business in order to meet certain objectives of the target management team or stockholders, or for
    other reasons. However, we will only complete an initial business combination if the post-transaction company owns or
    acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the
    target sufficient for it not to be required to register as an investment company under the Investment Company Act. Even if
    the post-transaction company owns or acquires 50% or more of the voting securities of the target, our stockholders prior
    to the initial business combination may collectively own a minority interest in the post-transaction company, depending
    on valuations ascribed to the target and us in the initial business combination. For example, we could pursue a transaction
    in which we issue a substantial number of new shares in exchange for all of the outstanding capital stock of a target. In
    this case, we would acquire a 100% controlling interest in the target. However, as a result of the issuance of a substantial
    number of new shares, our stockholders immediately prior to our initial business combination could own less than a majority
    of our outstanding shares subsequent to our initial business combination. If less than 100% of the equity interests or assets
    of a target business or businesses are owned or acquired by the post-transaction company, the portion of such business
    or businesses that is owned or acquired is what will be taken into account for purposes of Nasdaq's 80% of fair market
    value test. If the initial business combination involves more than one target business, the 80% of fair market value test
    will be based on the aggregate value of all of the transactions and we will treat the target businesses together as our initial
    business combination for purposes of seeking stockholder approval or conducting a tender offer, as applicable.
16
Permitted
purchases of public shares and public warrants by our affiliates
If
we seek stockholder approval of our initial business combination and we do not conduct redemptions in connection with our initial
business combination pursuant to the tender offer rules, our sponsor, initial stockholders, directors, officers, advisors or their
affiliates may purchase public shares or public warrants in privately-negotiated transactions or in the open market either
prior to or following the completion of our initial business combination. There is no limit on the number of shares or warrants
our initial stockholders, directors, officers, advisors or their affiliates may purchase in such transactions, subject to compliance
with applicable law and Nasdaq rules. However, they have no current commitments, plans or intentions to engage in such transactions
and have not formulated any terms or conditions for any such transactions. If they engage in such transactions, they will not
make any such purchases when they are in possession of any material non-public information not disclosed to the seller or
if such purchases are prohibited by Regulation M under the Exchange Act. Subsequent to the consummation of this offering, we will
adopt an insider trading policy which will require insiders to: (i) refrain from purchasing our securities during certain blackout
periods when they are in possession of any material non-public information and (ii) clear all trades of company securities
with a compliance officer prior to execution. We cannot currently determine whether our insiders will make such purchases pursuant
to a Rule 10b5-1 plan, as it will be dependent upon several factors, including but not limited to, the timing and size of
such purchases. Depending on such circumstances, our insiders may either make such purchases pursuant to a Rule 10b5-1 plan
or determine that such a plan is not necessary. We do not currently anticipate that such purchases, if any, would constitute a
tender offer subject to the tender offer rules under the Exchange Act or a going-private transaction subject to the going-private rules
under the Exchange Act; however, if the purchasers determine at the time of any such purchases that the purchases are subject
to such rules, the purchasers will comply with such rules. Any such purchases will be reported pursuant to Section 13 and
Section 16 of the Exchange Act to the extent such purchasers are subject to such reporting requirements. None of the funds held
in the trust account will be used to purchase shares or public warrants in such transactions prior to completion of our initial
business combination. See "Proposed Business — Permitted Purchases of Our Securities" for a description of how
our sponsor, initial stockholders, directors, officers, advisors or any of their affiliates will select which stockholders to
purchase securities from in any private transaction. Our sponsor, directors, officers, advisors or any of their affiliates will
not make any purchases if the purchases would violate Section 9(a)(2) or Rule 10b-5 of the Exchange Act.
17
The
purpose of any such purchases of shares could be to vote such shares in favor of the initial business combination and thereby
increase the likelihood of obtaining stockholder approval of the initial business combination or to satisfy a closing condition
in an agreement with a target that requires us to have a minimum net worth or a certain amount of cash at the closing of our initial
business combination, where it appears that such requirement would otherwise not be met. The purpose of any such purchases of
public warrants could be to reduce the number of public warrants outstanding or to vote such warrants on any matters submitted
to the warrantholders for approval in connection with our initial business combination. Any such purchases of our securities may
result in the completion of our initial business combination that may not otherwise have been possible. In addition, if such purchases
are made, the public "float" of our shares of Class A common stock or warrants may be reduced and the number of beneficial
holders of our securities may be reduced, which may make it difficult to maintain or obtain the quotation, listing or trading
of our securities on a national securities exchange.
Redemption
rights for public stockholders upon completion of our initial business combination
We will provide our public stockholders with the
opportunity to redeem all or a portion of their public shares upon the completion of our initial business combination at a per-share price,
payable in cash, equal to the aggregate amount then on deposit in the trust account as of two business days prior to the consummation
of our initial business combination, including interest earned on the funds held in the trust account and not previously released
to us to pay our taxes, divided by the number of then outstanding public shares, subject to the limitations described herein.
The amount in the trust account is initially anticipated to be $10.00 per public share. The per-share amount we will distribute
to investors who properly redeem their shares will not be reduced by deferred underwriting commissions we will pay to the underwriters.
There will be no redemption rights upon the completion of our initial business combination with respect to our warrants. Our sponsor,
officers and directors have entered into a letter agreement with us, pursuant to which they have agreed to waive their redemption
rights with respect to any founder shares held by them and any public shares they may acquire during or after this offering in
connection with the completion of our initial business combination or otherwise.
Manner of conducting redemptions
We will provide our public stockholders with the
opportunity to redeem all or a portion of their public shares upon the completion of our initial business combination either (i)
in connection with a stockholder meeting called to approve the initial business combination or (ii) without a stockholder
vote by means of a tender offer. The decision as to whether we will seek stockholder approval of a proposed initial business combination
or conduct a tender offer will be made by us, solely in our discretion, and will be based on a variety of factors such as the
timing of the transaction and whether the terms of the transaction would require us to seek stockholder approval under applicable
law or stock exchange listing requirements. Asset acquisitions and stock purchases would not typically require stockholder approval
while direct mergers with our company where we do not survive and any transactions where we issue more than 20% of our outstanding
common stock or seek to amend our amended and restated certificate of incorporation would require stockholder approval. So long
as we obtain and maintain a listing for our securities on Nasdaq, we will be required to comply with Nasdaq's stockholder
approval rules.
18
The requirement that we provide
    our public stockholders with the opportunity to redeem their public shares by one of the two methods listed above will be
    contained in provisions of our amended and restated certificate of incorporation and will apply whether or not we maintain
    our registration under the Exchange Act or our listing on Nasdaq. Such provisions may be amended if approved by holders of
    65% of our common stock entitled to vote thereon.
If we provide our public stockholders with the
    opportunity to redeem their public shares in connection with a stockholder meeting, we will:
•    conduct
    the redemptions in conjunction with a proxy solicitation pursuant to Regulation 14A of the Exchange Act, which regulates the
    solicitation of proxies, and not pursuant to the tender offer rules, and
•    file
    proxy materials with the SEC.
If we seek stockholder approval, we will complete
    our initial business combination only if a majority of the outstanding shares of common stock voted are voted in favor of
    the initial business combination. A quorum for such meeting will consist of the holders present in person or by proxy of shares
    of outstanding capital stock of the Company representing a majority of the voting power of all outstanding shares of capital
    stock of the Company entitled to vote at such meeting. Our initial stockholders will count towards this quorum and, pursuant
    to the letter agreement, our sponsor, officers and directors have agreed to vote their founder shares and any public shares
    purchased during or after this offering (including in open market and privately-negotiated transactions) in favor of
    our initial business combination. For purposes of seeking approval of the majority of our outstanding shares of common stock
    voted, non-votes will have no effect on the approval of our initial business combination once a quorum is obtained. As
    a result, in addition to our initial stockholders' founder shares, we would need only 7,500,001, or 37.5%, of the 20,000,000
    public shares sold in this offering to be voted in favor of an initial business combination in order to have our initial business
    combination approved (assuming all outstanding shares are voted and the over-allotment option is not exercised). We intend
    to give not less than 10 days' nor more than 60 days' prior written notice of any such meeting, if required, at
    which a vote shall be taken to approve our initial business combination. These quorum and voting thresholds, and the voting
    agreements of our initial stockholders, may make it more likely that we will consummate our initial business combination.
    Each public stockholder may elect to redeem its public shares irrespective of whether they vote for or against the proposed
    transaction or whether they were a stockholder on the record date for the stockholder meeting held to approve the proposed
    transaction.
If a stockholder vote is not required and we
    do not decide to hold a stockholder vote for business or other legal reasons, we will:
•    conduct
    the redemptions pursuant to Rule 13e-4 and Regulation 14E of the Exchange Act, which regulate issuer tender offers, and
•    file
    tender offer documents with the SEC prior to completing our initial business combination, which contain substantially the
    same financial and other information about the initial business combination and the redemption rights as is required under
    Regulation 14A of the Exchange Act, which regulates the solicitation of proxies.
19
In the event we conduct redemptions
    pursuant to the tender offer rules, our offer to redeem will remain open for at least 20 business days, in accordance with
    Rule 14e-1(a) under the Exchange Act, and we will not be permitted to complete our initial business combination until the
    expiration of the tender offer period. In addition, the tender offer will be conditioned on public stockholders not tendering
    more than a specified number of public shares, which number will be based on the requirement that we will only redeem our
    public shares so long as (after such redemption) our net tangible assets will be at least $5,000,001 either immediately prior
    to or upon consummation of our initial business combination and after payment of deferred underwriters' fees and commissions
    (so that we are not subject to the SEC's "penny stock" rules) or any greater net tangible asset or cash
    requirement that may be contained in the agreement relating to our initial business combination. If public stockholders tender
    more shares than we have offered to purchase, we will withdraw the tender offer and not complete the initial business combination.
Upon the public announcement of our initial
    business combination, if we elect to conduct redemptions pursuant to the tender offer rules, we or our sponsor will terminate
    any plan established in accordance with Rule 10b5-1 to purchase shares of our Class A common stock in the open market,
    in order to comply with Rule 14e-5 under the Exchange Act.
We intend to require our public stockholders
    seeking to exercise their redemption rights, whether they are record holders or hold their shares in "street name,"
    to, at the holder's option, either deliver their stock certificates to our transfer agent or deliver their shares to
    our transfer agent electronically using the Depository Trust Company's DWAC (Deposit/Withdrawal At Custodian) system,
    prior to the date set forth in the proxy materials or tender offer documents, as applicable. In the case of proxy materials,
    this date may be up to two business days prior to the vote on the proposal to approve the initial business combination. In
    addition, if we conduct redemptions in connection with a stockholder vote, we intend to require a public stockholder seeking
    redemption of its public shares to also submit a written request for redemption to our transfer agent two business days prior
    to the vote in which the name of the beneficial owner of such shares is included. The proxy materials or tender offer documents,
    as applicable, that we will furnish to holders of our public shares in connection with our initial business combination will
    indicate whether we are requiring public stockholders to satisfy such delivery requirements. We believe that this will allow
    our transfer agent to efficiently process any redemptions without the need for further communication or action from the redeeming
    public stockholders, which could delay redemptions and result in additional administrative cost. If the proposed initial business
    combination is not approved and we continue to search for a target company, we will promptly return any certificates or shares
    delivered by public stockholders who elected to redeem their shares.
20
Our amended and restated
    certificate of incorporation will provide that we will only redeem our public shares so long as (after such redemption) our
    net tangible assets will be at least $5,000,001 either immediately prior to or upon consummation of our initial business combination
    and after payment of deferred underwriters' fees and commissions (so that we are not subject to the SEC's "penny
    stock" rules) or any greater net tangible asset or cash requirement which may be contained in the agreement relating
    to our initial business combination. For example, the proposed initial business combination may require: (i) cash consideration
    to be paid to the target or its owners, (ii) cash to be transferred to the target for working capital or other general corporate
    purposes or (iii) the retention of cash to satisfy other conditions in accordance with the terms of the proposed initial business
    combination. In the event the aggregate cash consideration we would be required to pay for all shares of Class A common stock
    that are validly submitted for redemption plus any amount required to satisfy cash conditions pursuant to the terms of the
    proposed initial business combination exceed the aggregate amount of cash available to us, we will not complete the initial
    business combination or redeem any shares, and all shares of Class A common stock submitted for redemption will be returned
    to the holders thereof.
Limitation
    on redemption rights of stockholders holding more than 15% of the shares sold in this offering if we hold stockholder vote
Notwithstanding the foregoing redemption rights,
    if we seek stockholder approval of our initial business combination and we do not conduct redemptions in connection with our
    initial business combination pursuant to the tender offer rules, our amended and restated certificate of incorporation will
    provide that a public stockholder, together with any affiliate of such stockholder or any other person with whom such stockholder
    is acting in concert or as a "group" (as defined under Section 13 of the Exchange Act), will be restricted from
    redeeming its shares with respect to more than an aggregate of 15% of the shares sold in this offering, without our prior
    consent. We believe the restriction described above will discourage stockholders from accumulating large blocks of shares,
    and subsequent attempts by such holders to use their ability to redeem their shares as a means to force us or our management
    to purchase their shares at a significant premium to the then-current market price or on other undesirable terms. Absent
    this provision, a public stockholder holding more than an aggregate of 15% of the shares sold in this offering could threaten
    to exercise its redemption rights against an initial business combination if such holder's shares are not purchased
    by us or our management at a premium to the then-current market price or on other undesirable terms. By limiting our
    stockholders' ability to redeem to no more than 15% of the shares sold in this offering, we believe we will limit the
    ability of a small group of stockholders to unreasonably attempt to block our ability to complete our initial business combination,
    particularly in connection with an initial business combination with a target that requires as a closing condition that we
    have a minimum net worth or a certain amount of cash. However, we would not be restricting our stockholders' ability
    to vote all of their shares (including all shares held by those stockholders that hold more than 15% of the shares sold in
    this offering) for or against our initial business combination.
21
Redemption
    rights in connection with proposed amendments to our certificate of incorporation
Our amended and restated
    certificate of incorporation will provide that any of its provisions related to pre-business combination activity (including
    the requirement to deposit proceeds of this offering and the private placement of warrants into the trust account and not
    release such amounts except in specified circumstances, and to provide redemption rights to public stockholders as described
    herein) may be amended if approved by holders of 65% of our common stock entitled to vote thereon, and corresponding provisions
    of the trust agreement governing the release of funds from our trust account may be amended if approved by holders of 65%
    of our common stock entitled to vote thereon. In all other instances, our amended and restated certificate of incorporation
    may be amended by holders of a majority of our outstanding common stock entitled to vote thereon, subject to applicable provisions
    of the Delaware General Corporation Law ("DGCL") or applicable stock exchange rules. Our amended and restated
    certificate of incorporation will provide that we may not issue additional shares of capital stock that would entitle the
    holders thereof to receive funds from the trust account or vote on any initial business combination or on matters related
    to our pre-initial business combination activity. Our initial stockholders, who will collectively beneficially own 20%
    of our outstanding shares of common stock upon the closing of this offering (assuming they do not purchase any units in this
    offering), will participate in any vote to amend our amended and restated certificate of incorporation and/or trust agreement
    and will have the discretion to vote in any manner they choose. Our sponsor, executive officers, and directors have agreed,
    pursuant to a written agreement with us, that they will not propose any amendment to our amended and restated certificate
    of incorporation to (A) modify the substance or timing of our obligation to provide for the redemption of our public shares
    in connection with an initial business combination or to redeem 100% of our public shares if we do not complete our initial
    business combination within 24 months from the closing of this offering or (B) with respect to any other material provisions
    relating to stockholders' rights or pre-initial business combination activity, unless we provide our public stockholders
    with the opportunity to redeem their shares of Class A common stock upon approval of any such amendment at a per-share price,
    payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest (which interest shall
    be net of taxes payable) divided by the number of then outstanding public shares. Our sponsor, officers and directors have
    entered into a letter agreement with us pursuant to which they have agreed to waive their redemption rights with respect to
    any founder shares and any public shares held by them in connection with the completion of our initial business combination.
22
Release
    of funds in trust account on closing of our initial business combination
On the completion of our
    initial business combination, the funds held in the trust account will be used to pay amounts due to any public stockholders
    who exercise their redemption rights as described above under "Redemption rights for public stockholders upon completion
    of our initial business combination." We will use the remaining funds to pay the underwriters their deferred underwriting
    commissions, to pay all or a portion of the consideration payable to the target or owners of the target of our initial business
    combination and to pay other expenses associated with our initial business combination. If our initial business combination
    is paid for using equity or debt securities, or not all of the funds released from the trust account are used for payment
    of the consideration in connection with our initial business combination or used for redemption of our public shares, we may
    use the balance of the cash released to us from the trust account following the closing for general corporate purposes, including
    for maintenance or expansion of operations of post-transaction businesses, the payment of principal or interest due on
    indebtedness incurred in completing our initial business combination, to fund the purchase of other companies or for working
    capital.
Redemption
    of public shares and distribution and liquidation if no initial business combination
Our amended and restated certificate of incorporation
    will provide that we will have only 24 months from the closing of this offering to complete our initial business combination.
    If we are unable to complete our initial business combination within such 24-month period, we will: (i) cease all operations
    except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter,
    redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the
    trust account, including interest earned on the funds held in the trust account and not previously released to us to pay our
    taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding public shares,
    which redemption will completely extinguish public stockholders' rights as stockholders (including the right to receive
    further liquidating distributions, if any), and (iii) as promptly as reasonably possible following such redemption, subject
    to the approval of our remaining stockholders and our board of directors, liquidate and dissolve, subject in each case to
    our obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. There
    will be no redemption rights or liquidating distributions with respect to our warrants, which will expire worthless if we
    fail to complete our initial business combination within the 24-month time period.
23
Our sponsor, officers and
    directors have entered into a letter agreement with us, pursuant to which they have waived their rights to liquidating distributions
    from the trust account with respect to any founder shares held by them if we fail to complete our initial business combination
    within 24 months from the closing of this offering. However, if our initial stockholders acquire public shares in or
    after this offering, they will be entitled to liquidating distributions from the trust account with respect to such public
    shares if we fail to complete our initial business combination within the allotted 24-month time period. The underwriters
    have agreed to waive their rights to their deferred underwriting commission held in the trust account in the event we do not
    complete our initial business combination and subsequently liquidate and, in such event, such amounts will be included with
    the funds held in the trust account that will be available to fund the redemption of our public shares.
Limited payments to insiders
There will be no finder's fees, reimbursement,
        consulting fee, non-cash payments, monies in respect of any payment of a loan or other compensation paid by us to
        our sponsor, officers or directors, or any affiliate of our sponsor or officers, prior to, or in connection with any services
        rendered in order to effectuate, the consummation of our initial business combination (regardless of the type of transaction
        that it is). However, the following payments may be made to our sponsor, officers or directors, or our or their affiliates,
        none of which will be made from the proceeds of this offering held in the trust account prior to the completion of our
        initial business combination:
•   Repayment
        of up to an aggregate of up to $300,000 in loans made to us by our sponsor to cover offering-related and organizational
        expenses
•   Payment
        to our sponsor of $10,000 per month, for up to 24 months, for office space, utilities and secretarial
        and administrative support;
•   Reimbursement
        for any out-of-pocket expenses related to identifying, investigating, negotiating and completing an initial business
        combination; and
•   Repayment
        of loans which may be made by our sponsor or an affiliate of our sponsor or certain of our officers and directors to finance
        transaction costs in connection with an intended initial business combination, the terms of which have not been determined
        nor have any written agreements been executed with respect thereto. Up to $1,500,000 of such loans may be convertible
        into warrants, at a price of $1.00 per warrant at the option of the lender. The warrants would be identical to the private
        placement warrants, including as to exercise price, exercisability and exercise period. The terms of such working capital
        loans by our sponsor or its affiliates, or our officers and directors, if any, have not been determined and no written
        agreements exist with respect to such loans.
Our audit committee will
    review on a quarterly basis all payments that were made to our sponsor, officers or directors, or our or their affiliates.
24
Audit Committee
We will establish and maintain
    an audit committee to, among other things, monitor compliance with the terms described above and the other terms relating
    to this offering. If any noncompliance is identified, then the audit committee will be charged with the responsibility to
    immediately take all action necessary to rectify such noncompliance or otherwise to cause compliance with the terms of this
    offering. For more information, see the section of this prospectus entitled "Management — Committees
    of the Board of Directors — Audit Committee."
Indemnity
Our sponsor has agreed that it will be liable
    to us if and to the extent any claims by a third party for services rendered or products sold to us, or a prospective target
    business with which we have entered into a written letter of intent, confidentiality or similar agreement or business combination
    agreement, reduce the amount of funds in the trust account to below the lesser of (i) $10.00 per public share and (ii) the
    actual amount per public share held in the trust account as of the date of the liquidation of the trust account, if less than
    $10.00 per share due to reductions in the value of the trust assets, less taxes payable; provided that such liability will
    not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the
    monies held in the trust account (whether or not such waiver is enforceable), nor will it apply to any claims under our indemnity
    of the underwriters of this offering against certain liabilities, including liabilities under the Securities Act. However,
    we have not asked our sponsor to reserve for such indemnification obligations, nor have we independently verified whether
    our sponsor has sufficient funds to satisfy its indemnity obligations, and believe that our sponsor's only assets are
    securities of our company. Therefore, we cannot assure you that our sponsor would be able to satisfy those obligations. None
    of our officers or directors will indemnify us for claims by third parties, including, without limitation, claims by vendors
    and prospective target businesses.
RISKS
We are a blank check company that has conducted no operations
and has generated no revenues to date. Until we complete our initial business combination, we will have no operations and will
generate no operating revenues. In making your decision whether to invest in our securities, you should take into account not
only the background of our management team, but also the special risks we face as a blank check company. This offering is not
being conducted in compliance with Rule 419 promulgated under the Securities Act. Accordingly, you will not be entitled to protections
normally afforded to investors in Rule 419 blank check offerings. For additional information concerning how Rule 419 blank check
offerings differ from this offering, please see the section of this prospectus entitled "Proposed Business — Comparison
of This Offering to Those of Blank Check Companies Subject to Rule 419." You should carefully consider these and the
other risks set forth in the section of this prospectus entitled "Risk Factors" beginning on page 27 of this prospectus.
25
SUMMARY FINANCIAL DATA
The following table summarizes the relevant financial data
for our business and should be read with our financial statements, which are included in this prospectus. We have not had any
significant operations to date, so only balance sheet data is presented.
July 22, 2020
(Audited)
Working capital (deficiency)
$
(18,378
)
Total assets
$
68,000
Total liabilities
$
43,878
Stockholder's equity
$
24,122
If no business combination is completed within 24 months
from the closing of this offering, the proceeds then on deposit in the trust account including interest earned on the funds held
in the trust account and not previously released to us to pay our taxes (less $100,000 of interest to pay dissolution expenses),
will be used to fund the redemption of our public shares. Our sponsor, directors, director nominees and officers have entered
into a letter agreement with us, pursuant to which they have agreed to waive their rights to liquidating distributions from the
trust account with respect to any founder shares held by them if we fail to complete our initial business combination within such
time period.
26
RISK FACTORS
An investment in our securities involves a high degree of
risk. You should consider carefully all of the risks described below, together with the other information contained in this prospectus,
before making a decision to invest in our units. If any of the following events occur, our business, financial condition and operating
results may be materially adversely affected. In that event, the trading price of our securities could decline, and you could
lose all or part of your investment.
We are a blank check company with no operating history
and no revenues, and you have no basis on which to evaluate our ability to achieve our business objective.
We are a blank check company with no operating results, and
we will not commence operations until obtaining funding through this offering. Because we lack an operating history, you have
no basis upon which to evaluate our ability to achieve our business objective of completing our initial business combination with
one or more target businesses. We have no plans, arrangements or understandings with any prospective target business concerning
an initial business combination and may be unable to complete our initial business combination. If we fail to complete our initial
business combination, we will never generate any operating revenues.
Our independent registered public accounting firm's
report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a "going concern."
As of July 22, 2020, we had $25,500 in cash and a working capital
deficit of $(18,378). Further, we expect to incur significant costs in pursuit of our financing and acquisition plans. Management's
plans to address this need for capital through this offering are discussed in the section of this prospectus titled "Management's
Discussion and Analysis of Financial Condition and Results of Operations." Our plans to raise capital and to consummate
our initial business combination may not be successful. These factors, among others, raise substantial doubt about our ability
to continue as a going concern. The financial statements contained elsewhere in this prospectus do not include any adjustments
that might result from our inability to consummate this offering or our inability to continue as a going concern.
Our public stockholders may not be afforded an opportunity
to vote on our proposed initial business combination, and even if we hold a vote, holders of our founder shares will participate
in such vote, which means we may complete our initial business combination even though a majority of our public stockholders do
not support such a combination.
We may choose not to hold a stockholder vote to approve our
initial business combination unless the initial business combination would require stockholder approval under applicable law or
stock exchange listing requirements. In such case, the decision as to whether we will seek stockholder approval of a proposed
initial business combination or will allow stockholders to sell their shares to us in a tender offer will be made by us, solely
in our discretion, and will be based on a variety of factors, such as the timing of the transaction and whether the terms of the
transaction would otherwise require us to seek stockholder approval. Even if we seek stockholder approval, the holders of our
founder shares will participate in the vote on such approval. Accordingly, we may complete our initial business combination even
if holders of a majority of our outstanding public shares do not approve of the initial business combination we complete. Please
see the section of this prospectus entitled "Proposed Business — Stockholders May Not Have the Ability to Approve
Our Initial Business Combination" for additional information.
If we seek stockholder approval of our initial business
combination, our initial stockholders have agreed to vote in favor of such initial business combination, regardless of how our
public stockholders vote.
Pursuant to a letter agreement, our sponsor, officers and directors
have agreed to vote their founder shares, as well as any public shares purchased during or after this offering (including in open
market and privately-negotiated transactions), in favor of our initial business combination. As a result, in addition to
our initial stockholders' founder shares, we would need only 7,500,001, or 37.5%, of the 20,000,000 public shares sold in
this offering to be voted in favor of an initial business combination in order to have our initial business combination approved
(assuming all outstanding shares are voted and the over-allotment option is not exercised). Our initial stockholders will
own shares representing 20% of our outstanding shares of common stock immediately following the completion of this offering (assuming
they do not purchase any units in this offering). Accordingly, if we seek stockholder approval of our initial business combination,
the agreement by our initial stockholders to vote in favor of our initial business combination will increase the likelihood that
we will receive the requisite stockholder approval for such initial business combination.
Your only opportunity to affect the investment decision
regarding a potential business combination will be limited to the exercise of your redemption rights, unless we seek stockholder
approval of the initial business combination.
At the time of your investment in us, you will not be provided
with an opportunity to evaluate the specific merits or risks of our initial business combination. Accordingly, if we do not seek
stockholder approval, your only opportunity to affect the investment decision regarding a potential business combination may be
limited to exercising your redemption rights in connection with the closing of our initial business combination.
27
The ability of our public stockholders to redeem their
shares for cash may make our financial condition unattractive to potential business combination targets, which may make it difficult
for us to enter into an agreement for an initial business combination with a target.
We may seek to enter into an initial business combination agreement
with a prospective target that requires as a closing condition that we have a minimum net worth or a certain amount of cash. If
too many public stockholders exercise their redemption rights, we would not be able to meet such closing condition and, as a result,
would not be able to proceed with the initial business combination. Furthermore, we will only redeem our public shares so long
as (after such redemption) our net tangible assets will be at least $5,000,001 as described above upon consummation of our initial
business combination and after payment of deferred underwriters' fees and commissions (so that we are not subject to the
SEC's "penny stock" rules) or any greater net tangible asset or cash requirement that may be contained in the
agreement relating to our initial business combination. Consequently, if accepting all properly submitted redemption requests
would cause our net tangible assets to be less than $5,000,001 or such greater amount necessary to satisfy a closing condition,
each as described above, we would not proceed with such redemption and the related business combination and may instead search
for an alternate business combination. Prospective targets will be aware of these risks and, thus, may be reluctant to enter into
an initial business combination agreement with us.
The ability of our public stockholders to exercise redemption
rights with respect to a large number of our shares may not allow us to complete the most desirable business combination or optimize
our capital structure.
At the time we enter into an agreement for our initial business
combination, we will not know how many stockholders may exercise their redemption rights, and therefore will need to structure
the transaction based on our expectations as to the number of shares that will be submitted for redemption. If our initial business
combination agreement requires us to use a portion of the cash in the trust account to pay the purchase price, or requires us
to have a minimum amount of cash at closing, we will need to reserve a portion of the cash in the trust account to meet such requirements,
or arrange for third-party financing. In addition, if a larger number of shares are submitted for redemption than we initially
expected, we may need to restructure the transaction to reserve a greater portion of the cash in the trust account or arrange
for third-party financing. Raising additional third-party financing may involve dilutive equity issuances or the incurrence
of indebtedness at higher than desirable levels. Furthermore, this dilution would increase to the extent that the anti-dilution provision
of the Class B common stock results in the issuance of Class A shares on a greater than one-to-one basis upon conversion
of the Class B common stock at the time of our business combination. The above considerations may limit our ability to complete
the most desirable business combination available to us or optimize our capital structure. The amount of the deferred underwriting
commissions payable to the underwriters is not required to be adjusted for any shares that are redeemed in connection with an
initial business combination. The per-share amount we will distribute to stockholders who properly exercise their redemption
rights will not be reduced by deferred underwriting commissions and after such redemptions, the per-share value of shares
held by non-redeeming stockholders will reflect our obligation to pay the deferred underwriting commissions.
The ability of our public stockholders to exercise redemption
rights with respect to a large number of our shares could increase the probability that our initial business combination would
be unsuccessful and that you would have to wait for liquidation in order to redeem your stock.
If our initial business combination agreement requires us to
use a portion of the cash in the trust account to pay the purchase price, or requires us to have a minimum amount of cash at closing,
the probability that our initial business combination would be unsuccessful is increased. If our initial business combination
is unsuccessful, you would not receive your
pro rata
portion of the trust account until we liquidate the trust
account. If you are in need of immediate liquidity, you could attempt to sell your stock in the open market; however, at such
time, our stock may trade at a discount to the
pro rata
amount per share in the trust account. In either situation,
you may suffer a material loss on your investment or lose the benefit of funds expected in connection with your exercise of redemption
rights until we liquidate or you are able to sell your stock in the open market.
28
The requirement that we complete our initial business
combination within the prescribed time frame may give potential target businesses leverage over us in negotiating an initial business
combination and may decrease our ability to conduct due diligence on potential business combination targets, in particular as
we approach our dissolution deadline, which could undermine our ability to complete our initial business combination on terms
that would produce value for our stockholders.
Any potential target business with which we enter into negotiations
concerning an initial business combination will be aware that we must complete our initial business combination within 24 months
from the closing of this offering. Consequently, such target business may have leverage over us in negotiating an initial business
combination, knowing that if we do not complete our initial business combination with that particular target business, we may
be unable to complete our initial business combination with any target business. This risk will increase as we get closer to the
timeframe described above. In addition, we may have limited time to conduct due diligence and may enter into our initial business
combination on terms that we would have rejected upon a more comprehensive investigation.
We may not be able to complete our initial business combination
within the prescribed time frame, in which case we would cease all operations except for the purpose of winding up and we would
redeem our public shares and liquidate, in which case our public stockholders may receive only $10.00 per share, or less than
such amount in certain circumstances, and our warrants will expire worthless.
Our amended and restated certificate of incorporation will
provide that we must complete our initial business combination within 24 months from the closing of this offering. We may
not be able to find a suitable target business and complete our initial business combination within such time period. Our ability
to complete our initial business combination may be negatively impacted by general market conditions, political considerations,
volatility in the capital and debt markets and the other risks described herein. If we have not completed our initial business
combination within such time period, we will: (i) cease all operations except for the purpose of winding up, (ii) as promptly
as reasonably possible but not more than 10 business days thereafter, redeem the public shares, at a per-share price, payable
in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the
trust account and not previously released to us to pay our taxes (less up to $100,000 of interest to pay dissolution expenses),
divided by the number of then outstanding public shares, which redemption will completely extinguish public stockholders'
rights as stockholders (including the right to receive further liquidating distributions, if any), and (iii) as promptly as reasonably
possible following such redemption, subject to the approval of our remaining stockholders and our board of directors, liquidate
and dissolve, subject in each case to our obligations under Delaware law to provide for claims of creditors and the requirements
of other applicable law. In such case, our public stockholders may receive only $10.00 per share, and our warrants will expire
worthless. In certain circumstances, our public stockholders may receive less than $10.00 per share on the redemption of their
shares. See "— If third parties bring claims against us, the proceeds held in the trust account could be reduced and
the per-share redemption amount received by stockholders may be less than $10.00 per share" and other risk factors
below.
If we seek stockholder approval of our initial business
combination, our sponsor, directors, officers, advisors and their affiliates may elect to purchase shares or warrants from public
holders, which may influence a vote on a proposed initial business combination and reduce the public "float" of our
Class A common stock or public warrants.
If we seek stockholder approval of our initial business combination
and we do not conduct redemptions in connection with our initial business combination pursuant to the tender offer rules, our
sponsor, directors, officers, advisors or their affiliates may purchase shares or public warrants or a combination thereof, in
privately-negotiated transactions or in the open market, either prior to or following the completion of our initial business
combination, although they are under no obligation to do so. However, they have no current commitments, plans or intentions to
engage in such transactions and have not formulated any terms or conditions for any such transactions. None of the funds in the
trust account will be used to purchase shares or public warrants in such transactions. See "Proposed Business — Permitted
Purchases of Our Securities" for a description of how our sponsor, initial stockholders, directors, officers, advisors or
any of their affiliates will select which stockholders to purchase securities from in any private transaction.
29
Such a purchase may include a contractual acknowledgement that
such stockholder, although still the record holder of our shares, is no longer the beneficial owner thereof and therefore agrees
not to exercise its redemption rights. In the event that our sponsor, directors, officers, advisors or their affiliates purchase
shares in privately-negotiated transactions from public stockholders who have already elected to exercise their redemption
rights, such selling stockholders would be required to revoke their prior elections to redeem their shares. The price per share
paid in any such transactions may be different than the amount per share a public stockholder would receive if such public stockholder
elected to redeem its shares in connection with our initial business combination. The purpose of such purchases could be to vote
such shares in favor of the initial business combination and thereby increase the likelihood of obtaining stockholder approval
of the initial business combination, or to satisfy a closing condition in an agreement with a target that requires us to have
a minimum net worth or a certain amount of cash at the closing of our initial business combination, where it appears that such
requirement would otherwise not be met. The purpose of any such purchases of public warrants could be to reduce the number of
public warrants outstanding or to vote such warrants on any matters submitted to the warrantholders for approval in connection
with our initial business combination. Any such purchases of our securities may result in the completion of our initial business
combination that may not otherwise have been possible. Any such purchases will be reported pursuant to Section 13 and Section 16
of the Exchange Act to the extent such purchasers are subject to such reporting requirements.
In addition, if such purchases are made, the public "float"
of our Class A common stock or public warrants and the number of beneficial holders of our securities may be reduced, possibly
making it difficult to obtain or maintain the quotation, listing or trading of our securities on a national securities exchange.
If a stockholder fails to receive notice of our offer
to redeem our public shares in connection with our initial business combination, or fails to comply with the procedures for submitting
or tendering its shares, such shares may not be redeemed.
We will comply with the proxy rules or tender offer rules,
as applicable, when conducting redemptions in connection with our initial business combination. Despite our compliance with these
rules, if a stockholder fails to receive our proxy materials or tender offer documents, as applicable, such stockholder may not
become aware of the opportunity to redeem its shares. In addition, proxy materials or tender offer documents, as applicable, that
we will furnish to holders of our public shares in connection with our initial business combination will describe the various
procedures that must be complied with in order to validly tender or submit public shares for redemption. For example, we intend
to require our public stockholders seeking to exercise their redemption rights, whether they are record holders or hold their
shares in "street name," to, at the holder's option, either deliver their stock certificates to our transfer
agent, or to deliver their shares to our transfer agent electronically prior to the date set forth in the proxy materials or tender
offer documents, as applicable. In the case of proxy materials, this date may be up to two business days prior to the vote on
the proposal to approve the initial business combination. In addition, if we conduct redemptions in connection with a stockholder
vote, we intend to require a public stockholder seeking redemption of its public shares to also submit a written request for redemption
to our transfer agent two business days prior to the vote in which the name of the beneficial owner of such shares is included.
In the event that a stockholder fails to comply with these or any other procedures disclosed in the proxy or tender offer materials,
as applicable, its shares may not be redeemed. See the section of this prospectus entitled "Proposed Business — Submitting
Stock Certificates in Connection with Redemption Rights."
You will not have any rights or interests in funds from
the trust account, except under certain limited circumstances. To liquidate your investment, therefore, you may be forced to sell
your public shares or warrants, potentially at a loss.
Our public stockholders will be entitled to receive funds from
the trust account only upon the earliest to occur of: (i) our completion of an initial business combination, and then only in
connection with those shares of Class A common stock that such stockholder properly elected to redeem, subject to the limitations
described herein, (ii) the redemption of any public shares properly submitted in connection with a stockholder vote to amend our
amended and restated certificate of incorporation to (A) modify the substance or timing of our obligation to provide for the redemption
of our public shares in connection with an initial business combination or to redeem 100% of our public shares if we do not complete
our initial business combination within 24 months from the closing of this offering or (B) with respect to any other material
provisions relating to stockholders' rights or pre-initial business combination activity, and (iii) the redemption
of our public shares if we are unable to complete an initial business combination within 24 months from the closing of this
offering, subject to applicable law and as further described herein. In addition, if our plan to redeem our public shares if we
are unable to complete an initial business combination within 24 months from the closing of this offering is not completed
for any reason, compliance with Delaware law may require that we submit a plan of dissolution to our then-existing stockholders
for approval prior to the distribution of the proceeds held in our trust account. In that case, public stockholders may be forced
to wait beyond 24 months from the closing of this offering before they receive funds from our trust account. In no other
circumstances will a public stockholder have any right or interest of any kind in the trust account. Holders of warrants will
not have any right to the proceeds held in the trust account with respect to the warrants. Accordingly, to liquidate your investment,
you may be forced to sell your public shares or warrants, potentially at a loss.
30
Nasdaq may delist our securities from trading on its
exchange, which could limit investors' ability to make transactions in our securities and subject us to additional trading
restrictions.
We have applied to have our units listed on Nasdaq. We expect
that our units will be listed on Nasdaq on or promptly after the date of this prospectus. Following the date the shares of our
Class A common stock and warrants are eligible to trade separately, we anticipate that the shares of our Class A common stock
and warrants will be separately listed on Nasdaq. We cannot guarantee that our securities will be approved for listing on Nasdaq.
Although after giving effect to this offering we expect to meet, on a pro forma basis, the minimum initial listing standards set
forth in Nasdaq listing standards, we cannot assure you that our securities will be, or will continue to be, listed on Nasdaq
in the future or prior to our initial business combination. In order to continue listing our securities on Nasdaq prior to our
initial business combination, we must maintain certain financial, distribution and stock price levels. Generally, we must maintain
a minimum amount in stockholders' equity ($2,500,000) and a minimum number of holders of our securities (generally 300 public
holders). Additionally, in connection with our initial business combination, we will be required to demonstrate compliance with
NASDAQ's initial listing requirements, which are more rigorous than NASDAQ's continued listing requirements, in order
to continue to maintain the listing of our securities on NASDAQ. For instance, our stock price would generally be required to
be at least $4 per share, our stockholders' equity would generally be required to be at least $5,000,000 and we would be
required to have 300 round lot holders (with at least 50% of such holders holding securities with a market value of at least $2,500).
We cannot assure you that we will be able to meet those initial listing requirements at that time. If Nasdaq delists our securities
from trading on its exchange and we are not able to list our securities on another national securities exchange, we expect our
securities could be quoted on an over-the-counter market. If this were to occur, we could face significant material adverse
consequences, including:
•     a
limited availability of market quotations for our securities;
•     reduced
liquidity for our securities;
•     a
determination that our Class A common stock is a "penny stock" which will require brokers trading in our Class A common
stock to adhere to more stringent rules and possibly result in a reduced level of trading activity in the secondary trading market
for our securities;
•     a
limited amount of news and analyst coverage; and
•     a
decreased ability to issue additional securities or obtain additional financing in the future.
The National Securities Markets Improvement Act of 1996, which
is a federal statute, prevents or preempts the states from regulating the sale of certain securities, which are referred to as
 "covered securities." Because we expect that our units and eventually our Class A common stock and warrants will be
listed on Nasdaq, our units, Class A common stock and warrants will be covered securities. Although the states are preempted from
regulating the sale of our securities, the federal statute does allow the states to investigate companies if there is a suspicion
of fraud, and, if there is a finding of fraudulent activity, then the states can regulate or bar the sale of covered securities
in a particular case. While we are not aware of a state having used these powers to prohibit or restrict the sale of securities
issued by blank check companies, other than the State of Idaho, certain state securities regulators view blank check companies
unfavorably and might use these powers, or threaten to use these powers, to hinder the sale of securities of blank check companies
in their states. Further, if we were no longer listed on Nasdaq, our securities would not be covered securities and we would be
subject to regulation in each state in which we offer our securities, including in connection with our initial business combination.
You will not be entitled to protections normally afforded
to investors of many other blank check companies.
Since the net proceeds of this offering and the sale of the
private placement warrants are intended to be used to complete an initial business combination with a target business that has
not been identified, we may be deemed to be a "blank check" company under the U.S. securities laws. However, because
we will have net tangible assets in excess of $5,000,000 upon the successful completion of this offering and the sale of the private
placement warrants and will file a Current Report on Form 8-K, including an audited balance sheet demonstrating this fact,
we are exempt from rules promulgated by the SEC to protect investors in blank check companies, such as Rule 419. Accordingly,
investors will not be afforded the benefits or protections of those rules. Among other things, this means our units will be immediately
tradable and we will have a longer period of time to complete our initial business combination than companies subject to Rule
419. Moreover, if this offering were subject to Rule 419, that rule would prohibit the release of any interest earned on funds
held in the trust account to us unless and until the funds in the trust account were released to us in connection with our completion
of an initial business combination. For a more detailed comparison of our offering to offerings that comply with Rule 419, please
see the section of this prospectus entitled "Proposed Business — Comparison of This Offering to Those of Blank Check
Companies Subject to Rule 419."
31
If we seek stockholder approval of our initial business
combination and we do not conduct redemptions pursuant to the tender offer rules, and if you or a "group" of stockholders
are deemed to hold in excess of 15% of our Class A common stock, you will lose the ability to redeem all such shares in excess
of 15% of our Class A common stock.
If we seek stockholder approval of our initial business combination
and we do not conduct redemptions in connection with our initial business combination pursuant to the tender offer rules, our
amended and restated certificate of incorporation will provide that a public stockholder, together with any affiliate of such
stockholder or any other person with whom such stockholder is acting in concert or as a "group" (as defined under
Section 13 of the Exchange Act), will be restricted from seeking redemption rights with respect to more than an aggregate of 15%
of the shares sold in this offering without our prior consent, which we refer to as the "Excess Shares." However,
we would not be restricting our stockholders' ability to vote all of their shares (including Excess Shares) for or against
our initial business combination. Your inability to redeem the Excess Shares will reduce your influence over our ability to complete
our initial business combination and you could suffer a material loss on your investment in us if you sell Excess Shares in open
market transactions. Additionally, you will not receive redemption distributions with respect to the Excess Shares if we complete
our initial business combination. And as a result, you will continue to hold that number of shares exceeding 15% and, in order
to dispose of such shares, would be required to sell your stock in open market transactions, potentially at a loss.
Because of our limited resources and the significant
competition for business combination opportunities, it may be more difficult for us to complete our initial business combination.
If we are unable to complete our initial business combination, our public stockholders may receive only approximately $10.00 per
share on our redemption of our public shares, or less than such amount in certain circumstances, and our warrants will expire
worthless.
We expect to encounter competition from other entities having
a business objective similar to ours, including private investors (which may be individuals or investment partnerships), other
blank check companies and other entities, domestic and international, competing for the types of businesses we intend to acquire.
Many of these individuals and entities are well-established and have extensive experience in identifying and effecting, directly
or indirectly, acquisitions of companies operating in or providing services to various industries. Many of these competitors possess
similar or greater technical, human and other resources to ours, and our financial resources will be relatively limited when contrasted
with those of many of these competitors. While we believe there are numerous target businesses we could potentially acquire with
the net proceeds of this offering and the sale of the private placement warrants, our ability to compete with respect to the acquisition
of certain target businesses that are sizable will be limited by our available financial resources. This inherent competitive
limitation gives others an advantage in pursuing the acquisition of certain target businesses. Furthermore, because we are obligated
to pay cash for the shares of Class A common stock which our public stockholders redeem in connection with our initial business
combination, target companies will be aware that this may reduce the resources available to us for our initial business combination.
Any of these obligations may place us at a competitive disadvantage in successfully negotiating an initial business combination.
If we are unable to complete our initial business combination, our public stockholders may receive only approximately $10.00 per
share on the liquidation of our trust account and our warrants will expire worthless. In certain circumstances, our public stockholders
may receive less than $10.00 per share upon our liquidation. See "— If third parties bring claims against us, the
proceeds held in the trust account could be reduced and the per-share redemption amount received by stockholders may be less
than $10.00 per share" and other risk factors below.
32
If the net proceeds of this offering and the sale of
the private placement warrants not being held in the trust account are insufficient to allow us to operate for at least the next
24 months, we may be unable to complete our initial business combination, in which case our public stockholders may only receive
$10.00 per share, or less than such amount in certain circumstances, and our warrants will expire worthless.
The funds available to us outside of the trust account may
not be sufficient to allow us to operate for at least the next 24 months following the closing of this offering, assuming
that our initial business combination is not completed during that time. We believe that, upon the closing of this offering, the
funds available to us outside of the trust account will be sufficient to allow us to operate for at least the next 24 months;
however, we cannot assure you that our estimate is accurate. Of the funds available to us, we could use a portion of the funds
available to us to pay fees to consultants to assist us with our search for a target business. We could also use a portion of
the funds as a down payment or to fund a "no-shop" provision (a provision in letters of intent or merger agreements
designed to keep target businesses from "shopping" around for transactions with other companies or investors on terms
more favorable to such target businesses) with respect to a particular proposed initial business combination, although we do not
have any current intention to do so. If we entered into a letter of intent or merger agreement where we paid for the right to
receive exclusivity from a target business and were subsequently required to forfeit such funds (whether as a result of our breach
or otherwise), we might not have sufficient funds to continue searching for, or conduct due diligence with respect to, a target
business. Of the net proceeds of this offering and the sale of the private placement warrants, only approximately $1,000,000 will
be available to us initially outside the trust account to fund our working capital requirements. In the event that our offering
expenses exceed our estimate of $750,000, we may fund such excess with funds not to be held in the trust account. In such case,
the amount of funds we intend to be held outside the trust account would decrease by a corresponding amount. Conversely, in the
event that the offering expenses are less than our estimate of $750,000, the amount of funds we intend to be held outside the
trust account would increase by a corresponding amount. If we are required to seek additional capital, we would need to borrow
funds from our sponsor, management team or other third parties to operate or may be forced to liquidate. None of our sponsor,
or any affiliate of our sponsor or any of our officers and directors is under any obligation to advance funds to us in such circumstances.
Any such advances would be repaid only from funds held outside the trust account or from funds released to us upon completion
of our initial business combination. Up to $1,500,000 of such loans may be convertible into private placement-equivalent warrants
at a price of $1.00 per warrant at the option of the lender. Prior to the completion of our initial business combination, we do
not expect to seek advances or loans from parties other than our sponsor or an affiliate of our sponsor as we do not believe third
parties will be willing to loan such funds and provide a waiver against any and all rights to seek access to funds in our trust
account. If we are unable to obtain these loans, we may be unable to complete our initial business combination. If we are unable
to complete our initial business combination, our public stockholders may receive only approximately $10.00 per share on the liquidation
of our trust account and our warrants will expire worthless. In certain circumstances, our public stockholders may receive less
than $10.00 per share upon our liquidation. See "— If third parties bring claims against us, the proceeds held in
the trust account could be reduced and the per-share redemption amount received by stockholders may be less than $10.00 per
share" and other risk factors below.
Subsequent to the completion of our initial business
combination, we may be required to take write-downs or write-offs, restructuring and impairment or other charges that could have
a significant negative effect on our financial condition, results of operations and our stock price, and which could cause you
to lose some or all of your investment.
Even if we conduct extensive due diligence on a target business
with which we combine, we cannot assure you that this diligence will identify all material issues that may be present within a
particular target business, that it would be possible to uncover all material issues through a customary amount of due diligence,
or that factors outside of the target business and outside of our control will not later arise. As a result of these factors,
we may be forced to later write-down or write-off assets, restructure our operations or incur impairment or other charges
that could result in our reporting losses. Even if our due diligence successfully identifies certain risks, unexpected risks may
arise and previously known risks may materialize in a manner not consistent with our preliminary risk analysis. Even though these
charges may be non-cash items and not have an immediate impact on our liquidity, the fact that we report charges of this
nature could contribute to negative market perceptions about us or our securities. In addition, charges of this nature may cause
us to violate net worth or other covenants to which we may be subject as a result of assuming pre-existing debt held by a
target business or by virtue of our obtaining debt financing to partially finance the initial business combination or thereafter.
Accordingly, any stockholders who choose to remain stockholders following the initial business combination could suffer a reduction
in the value of their shares. Such stockholders are unlikely to have a remedy for such reduction in value.
33
If third parties bring claims against us, the proceeds
held in the trust account could be reduced and the per-share redemption amount received by stockholders may be less than $10.00
per share.
Our placing of funds in the trust account may not protect those
funds from third-party claims against us. Although we will seek to have all vendors, service providers, prospective target
businesses and other entities with which we do business execute agreements with us waiving any right, title, interest or claim
of any kind in or to any monies held in the trust account for the benefit of our public stockholders, such parties may not execute
such agreements, or even if they execute such agreements, they may not be prevented from bringing claims against the trust account,
including, but not limited to, fraudulent inducement, breach of fiduciary responsibility or other similar claims, as well as claims
challenging the enforceability of the waiver, in each case in order to gain advantage with respect to a claim against our assets,
including the funds held in the trust account. If any third party refuses to enter into an agreement waiving such claims to the
monies held in the trust account, our management will consider whether competitive alternatives are reasonably available to us,
and will only enter into an agreement with such third party if our management believes that such third party's engagement
would be in our best interests under the circumstances. Marcum LLP, our independent registered public accounting firm, and the
underwriters of the offering, will not execute agreements with us waiving such claims to the monies held in the trust account.
Examples of possible instances where we may engage a third
party that refuses to execute a waiver include the engagement of a third-party consultant whose particular expertise or skills
are believed by management to be significantly superior to those of other consultants that would agree to execute a waiver or
in cases where management is unable to find a service provider willing to execute a waiver. In addition, there is no guarantee
that such entities will agree to waive any claims they may have in the future as a result of, or arising out of, any negotiations,
contracts or agreements with us and will not seek recourse against the trust account for any reason. Upon redemption of our public
shares, if we are unable to complete our initial business combination within the prescribed timeframe, or upon the exercise of
a redemption right in connection with our initial business combination, we will be required to provide for payment of claims of
creditors that were not waived that may be brought against us within the 10 years following redemption. Accordingly, the per-share redemption
amount received by public stockholders could be less than the $10.00 per share initially held in the trust account, due to claims
of such creditors. Pursuant to the letter agreement, the form of which is filed as Exhibit 10.1 to the registration statement
of which this prospectus forms a part, our sponsor has agreed that it will be liable to us if and to the extent any claims by
a third party for services rendered or products sold to us, or a prospective target business with which we have entered into a
written letter of intent, confidentiality or similar agreement or business combination agreement, reduce the amount of funds in
the trust account to below the lesser of (i) $10.00 per public share and (ii) the actual amount per public share held in the trust
account as of the date of the liquidation of the trust account, if less than $10.00 per share due to reductions in the value of
the trust assets, less taxes payable; provided that such liability will not apply to any claims by a third party or prospective
target business who executed a waiver of any and all rights to the monies held in the trust account (whether or not such waiver
is enforceable) nor will it apply to any claims under our indemnity of the underwriters of this offering against certain liabilities,
including liabilities under the Securities Act. However, we have not asked our sponsor to reserve for such indemnification obligations,
nor have we independently verified whether our sponsor has sufficient funds to satisfy its indemnity obligations, and believe
that our sponsor's only assets are securities of our company. As a result, if any such claims were successfully made against
the trust account, the funds available for our initial business combination and redemptions could be reduced to less than $10.00
per public share. In such event, we may not be able to complete our initial business combination, and you would receive such lesser
amount per share in connection with any redemption of your public shares. Therefore, we cannot assure you that our sponsor would
be able to satisfy those obligations. None of our officers or directors will indemnify us for claims by third parties, including,
without limitation, claims by vendors and prospective target businesses.
34
Our directors may decide not to enforce the indemnification
obligations of our sponsor, resulting in a reduction in the amount of funds in the trust account available for distribution to
our public stockholders.
In the event that the proceeds in the trust account are reduced
below the lesser of (i) $10.00 per share and (ii) the actual amount per share held in the trust account as of the date of
the liquidation of the trust account if less than $10.00 per share due to reductions in the value of the trust assets, in each
case net of the interest, which may be withdrawn to pay taxes, and our sponsor asserts that it is unable to satisfy its obligations
or that it has no indemnification obligations related to a particular claim, our independent directors would determine whether
to take legal action against our sponsor to enforce its indemnification obligations.
While we currently expect that our independent directors would
take legal action on our behalf against our sponsor to enforce its indemnification obligations to us, it is possible that our
independent directors, in exercising their business judgment and subject to their fiduciary duties, may choose not to do so in
any particular instance if, for example, the cost of such legal action is deemed by the independent directors to be too high relative
to the amount recoverable or if the independent directors determine that a favorable outcome is not likely. If our independent
directors choose not to enforce these indemnification obligations, the amount of funds in the trust account available for distribution
to our public stockholders may be reduced below $10.00 per share.
We may not have sufficient funds to satisfy indemnification
claims of our directors and executive officers.
We have agreed to indemnify our officers and directors to the
fullest extent permitted by law. However, our officers and directors have agreed to waive (and any other persons who may become
an officer or director prior to the initial business combination will also be required to waive) any right, title, interest or
claim of any kind in or to any monies in the trust account and not to seek recourse against the trust account for any reason whatsoever.
Accordingly, any indemnification provided will be able to be satisfied by us only if (i) we have sufficient funds outside of the
trust account or (ii) we consummate an initial business combination. Our obligation to indemnify our officers and directors may
discourage stockholders from bringing a lawsuit against our officers or directors for breach of their fiduciary duty. These provisions
also may have the effect of reducing the likelihood of derivative litigation against our officers and directors, even though such
an action, if successful, might otherwise benefit us and our stockholders. Furthermore, a stockholder's investment may be
adversely affected to the extent we pay the costs of settlement and damage awards against our officers and directors pursuant
to these indemnification provisions.
If, after we distribute the proceeds in the trust account
to our public stockholders, we file a bankruptcy petition or an involuntary bankruptcy petition is filed against us that is not
dismissed, a bankruptcy court may seek to recover such proceeds, and we and our board may be exposed to claims of punitive damages.
If, after we distribute the proceeds in the trust account to
our public stockholders, we file a bankruptcy petition or an involuntary bankruptcy petition is filed against us that is not dismissed,
any distributions received by stockholders could be viewed under applicable debtor/creditor and/or bankruptcy laws as either a
 "preferential transfer" or a "fraudulent conveyance." As a result, a bankruptcy court could seek to recover
all amounts received by our stockholders. In addition, our board of directors may be viewed as having breached its fiduciary duty
to our creditors and/or having acted in bad faith, thereby exposing itself and us to claims of punitive damages, by paying public
stockholders from the trust account prior to addressing the claims of creditors.
If, before distributing the proceeds in the trust account
to our public stockholders, we file a bankruptcy petition or an involuntary bankruptcy petition is filed against us that is not
dismissed, the claims of creditors in such proceeding may have priority over the claims of our stockholders and the per-share
amount that would otherwise be received by our stockholders in connection with our liquidation may be reduced.
If, before distributing the proceeds in the trust account to
our public stockholders, we file a bankruptcy petition or an involuntary bankruptcy petition is filed against us that is not dismissed,
the proceeds held in the trust account could be subject to applicable bankruptcy law, and may be included in our bankruptcy estate
and subject to the claims of third parties with priority over the claims of our stockholders. To the extent any bankruptcy claims
deplete the trust account, the per-share amount that would otherwise be received by our stockholders in connection with our
liquidation may be reduced.
35
The securities in which we invest the funds held in the
trust account could bear a negative rate of interest, which could reduce the value of the assets held in trust such that the per-share
redemption amount received by public shareholders may be less than $10.00 per share
The proceeds held in the trust account will be invested only
in U.S. government treasury obligations with a maturity of 185 days or less or in money market funds meeting certain conditions
under Rule 2a-7 under the Investment Company Act, which invest only in direct U.S. government treasury obligations. While short-term
U.S. government treasury obligations currently yield a positive rate of interest, they have briefly yielded negative interest
rates in recent years. Central banks in Europe and Japan pursued interest rates below zero in recent years, and the Open Market
Committee of the Federal Reserve has not ruled out the possibility that it may in the future adopt similar policies in the United
States. In the event that we are unable to complete our initial business combination or make certain amendments to our amended
and restated memorandum and articles of association, our public shareholders are entitled to receive their pro-rata share of the
proceeds held in the trust account, plus any interest income, net of taxes paid or payable (less, in the case we are unable to
complete our initial business combination, $100,000 of interest). Negative interest rates could reduce the value of the assets
held in trust such that the per-share redemption amount received by public shareholders may be less than $10.00 per share.
If we are deemed to be an investment company under the
Investment Company Act, we may be required to institute burdensome compliance requirements and our activities may be restricted,
which may make it difficult for us to complete our initial business combination.
If we are deemed to be an investment company under the Investment
Company Act, our activities may be restricted, including:
•     restrictions
on the nature of our investments; and
•     restrictions
on the issuance of securities, each of which may make it difficult for us to complete our initial business combination.
In addition, we may have imposed upon us burdensome requirements,
including:
•     registration
as an investment company;
•     adoption
of a specific form of corporate structure; and
•     reporting,
record keeping, voting, proxy and disclosure requirements and other rules and regulations.
In order not to be regulated as an investment company under
the Investment Company Act, unless we can qualify for an exclusion, we must ensure that we are engaged primarily in a business
other than investing, reinvesting or trading in securities and that our activities do not include investing, reinvesting, owning,
holding or trading "investment securities" constituting more than 40% of our total assets (exclusive of U.S. government
securities and cash items) on an unconsolidated basis. Our business will be to identify and complete an initial business combination
and thereafter to operate the post-transaction business or assets for the long term. We do not plan to buy businesses or
assets with a view to resale or profit from their resale. We do not plan to buy unrelated businesses or assets or to be a passive
investor.
We do not believe that our anticipated principal activities
will subject us to the Investment Company Act. To this end, the proceeds held in the trust account may only be invested in U.S.
 "government securities," within the meaning of Section 2(a)(16) of the Investment Company Act, having a maturity of
185 days or less or in money market funds meeting certain conditions under Rule 2a-7 promulgated under the Investment Company
Act, which invest only in direct U.S. government treasury obligations. Pursuant to the trust agreement, the trustee is not permitted
to invest in other securities or assets. By restricting the investment of the proceeds to these instruments, and by having a business
plan targeted at acquiring and growing businesses for the long term (rather than on buying and selling businesses in the manner
of a merchant bank or private equity fund), we intend to avoid being deemed an "investment company" within the meaning
of the Investment Company Act. This offering is not intended for persons who are seeking a return on investments in government
securities or investment securities. The trust account is intended as a holding place for funds pending the earliest to occur
of: (i) the completion of our initial business combination; (ii) the redemption of any public shares properly submitted in connection
with a stockholder vote to amend our amended and restated certificate of incorporation to (A) modify the substance or timing of
our obligation to provide for the redemption of our public shares in connection with an initial business combination or to redeem
100% of our public shares if we do not complete our initial business combination within 24 months from the closing of this
offering or (B) with respect to any other material provisions relating to stockholders' rights or pre-initial business
combination activity; or (iii) absent an initial business combination within 24 months from the closing of this offering,
our return of the funds held in the trust account to our public stockholders as part of our redemption of the public shares. If
we do not invest the proceeds as discussed above, we may be deemed to be subject to the Investment Company Act. If we were deemed
to be subject to the Investment Company Act, compliance with these additional regulatory burdens would require additional expenses
for which we have not allotted funds and may hinder our ability to complete an initial business combination or may result in our
liquidation. If we are unable to complete our initial business combination, our public stockholders may receive only approximately
$10.00 per share, or less in certain circumstances described herein, on the liquidation of our trust account and our warrants
will expire worthless.
Changes in laws or regulations, or a failure to comply
with any laws and regulations, may adversely affect our business, including our ability to negotiate and complete our initial
business combination and results of operations.
We are subject to laws and regulations enacted by national,
regional and local governments. In particular, we will be required to comply with certain SEC and other legal requirements. Compliance
with, and monitoring of, applicable laws and regulations may be difficult, time consuming and costly.
36
Those laws and regulations and their interpretation and application
may also change from time to time and those changes could have a material adverse effect on our business, investments and results
of operations. In addition, a failure to comply with applicable laws or regulations, as interpreted and applied, could have a
material adverse effect on our business, including our ability to negotiate and complete our initial business combination and
results of operations.
Our stockholders may be held liable for claims by third
parties against us to the extent of distributions received by them upon redemption of their shares.
Under the DGCL, stockholders may be held liable for claims
by third parties against a corporation to the extent of distributions received by them in a dissolution. The
pro rata
portion
of our trust account distributed to our public stockholders upon the redemption of our public shares in the event we do not complete
our initial business combination within 24 months from the closing of this offering may be considered a liquidating distribution
under Delaware law. If a corporation complies with certain procedures set forth in Section 280 of the DGCL intended to ensure
that it makes reasonable provision for all claims against it, including a 60-day notice period during which any third-party claims
can be brought against the corporation, a 90-day period during which the corporation may reject any claims brought, and an
additional 150-day waiting period before any liquidating distributions are made to stockholders, any liability of stockholders
with respect to a liquidating distribution is limited to the lesser of such stockholder's
pro rata
share
of the claim or the amount distributed to the stockholder, and any liability of the stockholder would be barred after the third
anniversary of the dissolution. However, it is our intention to redeem our public shares as soon as reasonably possible following
the 24
th
month from the closing of this offering in the event we do not complete our initial business combination
and, therefore, we do not intend to comply with the foregoing procedures.
Because we will not be complying with Section 280, Section
281(b) of the DGCL requires us to adopt a plan, based on facts known to us at such time that will provide for our payment of all
existing and pending claims or claims that may be potentially brought against us within the 10 years following our dissolution.
However, because we are a blank check company, rather than an operating company, and our operations will be limited to searching
for prospective target businesses to acquire, the only likely claims to arise would be from our vendors (such as lawyers, investment
bankers, etc.) or prospective target businesses. If our plan of distribution complies with Section 281(b) of the DGCL, any liability
of stockholders with respect to a liquidating distribution is limited to the lesser of such stockholder's pro rata share
of the claim or the amount distributed to the stockholder, and any liability of the stockholder would likely be barred after the
third anniversary of the dissolution. We cannot assure you that we will properly assess all claims that may be potentially brought
against us. As such, our stockholders could potentially be liable for any claims to the extent of distributions received by them
(but no more) and any liability of our stockholders may extend beyond the third anniversary of such date.
Furthermore, if the
pro rata
portion of our
trust account distributed to our public stockholders upon the redemption of our public shares in the event we do not complete
our initial business combination within 24 months from the closing of this offering is not considered a liquidating distribution
under Delaware law and such redemption distribution is deemed to be unlawful (potentially due to the imposition of legal proceedings
that a party may bring or due to other circumstances that are currently unknown), then pursuant to Section 174 of the DGCL, the
statute of limitations for claims of creditors could then be six years after the unlawful redemption distribution, instead of
three years, as in the case of a liquidating distribution.
We may not hold an annual meeting of stockholders until
after the consummation of our initial business combination, which could delay the opportunity for our stockholders to elect directors.
In accordance with Nasdaq rules, we are not required to hold
an annual meeting until one year after the first fiscal year ending following our initial listing. We may not hold an annual meeting
of stockholders until after we consummate a business combination (unless required by Nasdaq), and thus may not be in compliance
with Section 211(b) of the DGCL, which requires an annual meeting of stockholders be held for the purposes of electing directors
in accordance with a company's bylaws unless such election is made by written consent in lieu of such a meeting. Therefore,
if our stockholders want us to hold an annual meeting prior to our consummation of a business combination, they may attempt to
force us to hold one by submitting an application to the Delaware Court of Chancery in accordance with Section 211(c) of the DGCL.
37
We are not registering the shares of Class A common stock
issuable upon exercise of the warrants under the Securities Act or any state securities laws at this time, and such registration
may not be in place when an investor desires to exercise warrants, thus precluding such investor from being able to exercise its
warrants except on a cashless basis. If the issuance of the shares upon exercise of warrants is not registered, qualified or exempt
from registration or qualification, the holder of such warrant will not be entitled to exercise such warrant and such warrant
may have no value and expire worthless.
We are not registering the shares of Class A common stock issuable
upon exercise of the warrants under the Securities Act or any state securities laws at this time. However, under the terms of
the warrant agreement, we have agreed that as soon as practicable, but in no event later than 15 business days after the closing
of our initial business combination, we will use our best efforts to file with the SEC a registration statement for the registration
under the Securities Act of the shares of Class A common stock issuable upon exercise of the warrants and thereafter will use
our best efforts to cause the same to become effective within 60 business days following our initial business combination and
to maintain a current prospectus relating to the Class A common stock issuable upon exercise of the warrants, until the expiration
of the warrants in accordance with the provisions of the warrant agreement. We cannot assure you that we will be able to do so
if, for example, any facts or events arise which represent a fundamental change in the information set forth in the registration
statement or prospectus, the financial statements contained or incorporated by reference therein are not current or correct or
the SEC issues a stop order. If the shares issuable upon exercise of the warrants are not registered under the Securities Act,
we will be required to permit holders to exercise their warrants on a cashless basis. However, no warrant will be exercisable
for cash or on a cashless basis, and we will not be obligated to issue any shares to holders seeking to exercise their warrants,
unless the issuance of the shares upon such exercise is registered or qualified under the securities laws of the state of the
exercising holder, or an exemption from registration is available. Notwithstanding the foregoing, if a registration statement
covering the Class A common stock issuable upon exercise of the warrants is not effective within a specified period following
the consummation of our initial business combination, warrantholders may, until such time as there is an effective registration
statement and during any period when we shall have failed to maintain an effective registration statement, exercise warrants on
a "cashless basis" pursuant to the exemption provided by Section 3(a)(9) of the Securities Act; provided that such
exemption is available. If that exemption, or another exemption, is not available, holders will not be able to exercise their
warrants on a cashless basis. In no event will we be required to net cash settle any warrant, or issue securities or other compensation
in exchange for the warrants in the event that we are unable to register or qualify the shares underlying the warrants under applicable
state securities laws and there is no exemption available. If the issuance of the shares upon exercise of the warrants is not
so registered or qualified or exempt from registration or qualification, the holder of such warrant will not be entitled to exercise
such warrant and such warrant may have no value and expire worthless. In such event, holders who acquired their warrants as part
of a purchase of units will have paid the full unit purchase price solely for the shares of Class A common stock included in the
units. If and when the warrants become redeemable by us, we may not exercise our redemption right if the issuance of shares of
common stock upon exercise of the warrants is not exempt from registration or qualification under applicable state blue sky laws
or we are unable to effect such registration or qualification. We will use our best efforts to register or qualify such shares
of common stock under the blue sky laws of the state of residence in those states in which the warrants were initially offered
by us in this offering. However, there may be instances in which holders of our public warrants may be unable to exercise such
public warrants but holders of our private warrants may be able to exercise such private warrants.
If you exercise your public warrants on a "cashless
basis," you will receive fewer shares of Class A common stock from such exercise than if you were to exercise such warrants
for cash.
Under the following circumstances, the exercise of the public
warrants may be required or permitted to be made on a cashless basis: (i) If a registration statement covering the shares of Class
A common stock issuable upon exercise of the warrants is not effective by the 60
th
business day after the closing
of our initial business combination, warrantholders may, until such time as there is an effective registration statement and during
any period when we shall have failed to maintain an effective registration statement, exercise warrants on a "cashless basis"
in accordance with Section 3(a)(9) of the Securities Act or another exemption; (ii) if our common stock is at the time of any
exercise of a warrant not listed on a national securities exchange such that it satisfies the definition of a "covered security"
under Section 18(b)(1) of the Securities Act, we may, at our option, require holders of public warrants who exercise their warrants
to do so on a "cashless basis" in accordance with Section 3(a)(9) of the Securities Act and, in the event we so elect,
we will not be required to file or maintain in effect a registration statement; and in the event we do not so elect, we will use
our best efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available;
and (iii) if we call the public warrants for redemption, our management will have the option to require all holders that wish
to exercise warrants to do so on a cashless basis. In the event of an exercise on a cashless basis, a holder would pay the warrant
exercise price by surrendering the warrants for that number of shares of Class A common stock equal to the quotient obtained by
dividing (x) the product of the number of shares of Class A common stock underlying the warrants multiplied by the excess of the
 "fair market value" (as defined in the next sentence) over the exercise price of the warrants by (y) the fair market
value. The "fair market value" is the average reported closing price of the Class A common stock for the 10 trading
days ending on the third trading day prior to the date on which the notice of exercise is received by the warrant agent or on
which the notice of redemption is sent to the holders of warrants, as applicable. As a result, you would receive fewer shares
of Class A common stock from such exercise than if you were to exercise such warrants for cash.
38
The grant of registration rights to our initial stockholders
may make it more difficult to complete our initial business combination, and the future exercise of such rights may adversely
affect the market price of our Class A common stock.
Pursuant to an agreement to be entered into concurrently with
the issuance and sale of the securities in this offering, our initial stockholders and their permitted transferees can demand
that we register the resale of private placement warrants, the shares of Class A common stock issuable upon exercise of the founder
shares and the private placement warrants held, or to be held, by them and holders of warrants that may be issued upon conversion
of working capital loans may demand that we register the resale of such warrants or the Class A common stock issuable upon exercise
of such warrants. We will bear the cost of registering these securities. The registration and availability of such a significant
number of securities for trading in the public market may have an adverse effect on the market price of our Class A common stock.
In addition, the existence of the registration rights may make our initial business combination more costly or difficult to conclude.
This is because the stockholders of the target business may increase the equity stake they seek in the combined entity or ask
for more cash consideration to offset the negative impact on the market price of our Class A common stock that is expected when
the securities owned by our initial stockholders or holders of working capital loans or their respective permitted transferees
are registered for resale.
Because we are neither limited to evaluating a target
business in a particular industry sector nor have we selected any specific target businesses with which to pursue our initial
business combination, you will be unable to ascertain the merits or risks of any particular target business's operations.
We will seek to complete an initial business combination with
companies in a variety of industries, except that we will not, under our amended and restated certificate of incorporation, be
permitted to effectuate our initial business combination with another blank check company or similar company with nominal operations.
Because we have not yet selected or approached any specific target business with respect to a business combination, there is no
basis to evaluate the possible merits or risks of any particular target business's operations, results of operations, cash
flows, liquidity, financial condition or prospects. To the extent we complete our initial business combination, we may be affected
by numerous risks inherent in the business operations with which we combine. For example, if we combine with a financially unstable
business or an entity lacking an established record of sales or earnings, we may be affected by the risks inherent in the business
and operations of a financially unstable or a development stage entity. Although our officers and directors will endeavor to evaluate
the risks inherent in a particular target business, we cannot assure you that we will properly ascertain or assess all of the
significant risk factors or that we will have adequate time to complete due diligence. Furthermore, some of these risks may be
outside of our control and leave us with no ability to control or reduce the chances that those risks will adversely impact a
target business. We also cannot assure you that an investment in our units will ultimately prove to be more favorable to investors
than a direct investment, if such opportunity were available, in a business combination target. Accordingly, any stockholders
who choose to remain stockholders following our initial business combination could suffer a reduction in the value of their securities.
Such stockholders are unlikely to have a remedy for such reduction in value.
39
Past performance by our management team and their affiliates
may not be indicative of future performance of an investment in the Company.
Information regarding performance by, or businesses associated
with, our management team or businesses associated with them is presented for informational purposes only. Past performance by
our management team is not a guarantee either (i) of success with respect to any business combination we may consummate or (ii)
that we will be able to locate a suitable candidate for our initial business combination. You should not rely on the historical
record of the performance of our management team's or businesses associated with them as indicative of our future performance
of an investment in the Company or the returns the Company will, or is likely to, generate going forward.
We may seek business combination opportunities in industries
or sectors that may or may not be outside of our management's area of expertise.
Although our management team has expertise across a variety
of industries and sectors, we will consider an initial business combination outside of our management's area of expertise
if an initial business combination candidate is presented to us and we determine that such candidate offers an attractive business
combination opportunity for our company or we are unable to identify a suitable candidate in a sector or industry in which a member
of our management team has expertise after having expanded a reasonable amount of time and effort in an attempt to do so. Although
our management will endeavor to evaluate the risks inherent in any particular business combination candidate, we cannot assure
you that we will adequately ascertain or assess all of the significant risk factors. We also cannot assure you that an investment
in our units will not ultimately prove to be less favorable to investors in this offering than a direct investment, if such an
opportunity were available, in an initial business combination candidate. In the event we elect to pursue a business combination
outside of the areas of our management's expertise, our management's expertise may not be directly applicable to its
evaluation or operation, and the information contained in this prospectus regarding the areas of our management's expertise
would not be relevant to an understanding of the business that we elect to acquire. As a result, our management may not be able
to ascertain or assess adequately all of the relevant risk factors. Accordingly, any stockholders who choose to remain stockholders
following our initial business combination could suffer a reduction in the value of their shares. Such stockholders are unlikely
to have a remedy for such reduction in value.
Although we have identified general criteria and guidelines
that we believe are important in evaluating prospective target businesses, we may enter into our initial business combination
with a target that does not meet such criteria and guidelines, and as a result, the target business with which we enter into our
initial business combination may not have attributes entirely consistent with our general criteria and guidelines.
Although we have identified general criteria and guidelines
for evaluating prospective target businesses, it is possible that a target business with which we enter into our initial business
combination will not have all of these positive attributes. If we complete our initial business combination with a target that
does not meet some or all of these guidelines, such combination may not be as successful as a combination with a business that
does meet all of our general criteria and guidelines. In addition, if we announce a prospective business combination with a target
that does not meet our general criteria and guidelines, a greater number of stockholders may exercise their redemption rights,
which may make it difficult for us to meet any closing condition with a target business that requires us to have a minimum net
worth or a certain amount of cash. In addition, if stockholder approval of the transaction is required by law, or we decide to
obtain stockholder approval for business or other reasons, it may be more difficult for us to attain stockholder approval of our
initial business combination if the target business does not meet our general criteria and guidelines. If we are unable to complete
our initial business combination, our public stockholders may receive only approximately $10.00 per share, or less in certain
circumstances as described herein, on the liquidation of our trust account and our warrants will expire worthless. In certain
circumstances, our public stockholders may receive less than $10.00 per share on the redemption of their shares. See "—
If third parties bring claims against us, the proceeds held in the trust account could be reduced and the per-share redemption
amount received by stockholders may be less than $10.00 per share" and other risk factors herein.
40
We may seek business combination opportunities with a
financially unstable business or an entity lacking an established record of revenue, cash flow or earnings, which could subject
us to volatile revenues, cash flows or earnings or difficulty in retaining key personnel.
To the extent we complete our initial business combination
with an early stage company, a financially unstable business or an entity lacking an established record of revenues or earnings,
we may be affected by numerous risks inherent in the operations of the business with which we combine. These risks include investing
in a business without a proven business model or with limited historic financial data, volatile revenues or earnings, intense
competition and difficulties in obtaining and retaining key personnel. Although our officers and directors will endeavor to evaluate
the risks inherent in a particular target business, we may not be able to properly ascertain or assess all of the relevant risk
factors and we may not have adequate time to complete due diligence. Furthermore, some of these risks may be outside of our control
and leave us with no ability to control or reduce the chances that those risks will adversely impact a target business.
We are not required to obtain an opinion from an independent
investment banking firm or another independent entity that commonly renders valuation opinions, and consequently, you may have
no assurance from an independent source that the price we are paying for the target(s) of our initial business combination is
fair to our company from a financial point of view.
Unless we complete our initial business combination with an
affiliated entity or our board of directors cannot independently determine the fair market value of the target business or businesses
(including with the assistance of financial advisors), we are not required to obtain an opinion from an independent investment
banking firm or another independent entity that commonly renders valuation opinions that the price we are paying is fair to our
company from a financial point of view. If no opinion is obtained, our stockholders will be relying on the judgment of our board
of directors, who will determine fair market value based on standards generally accepted by the financial community. Such standards
used will be disclosed in our proxy materials or tender offer documents, as applicable, related to our initial business combination.
We may issue additional shares of Class A common stock
or preferred stock to complete our initial business combination or under an employee incentive plan after completion of our initial
business combination. We may also issue shares of Class A common stock upon the conversion of the Class B common stock at a ratio
greater than one-to-one at the time of our initial business combination as a result of the anti-dilution provisions contained
in our amended and restated certificate of incorporation. Any such issuances would dilute the interest of our stockholders and
likely present other risks.
Our amended and restated certificate of incorporation authorizes
the issuance of up to 100,000,000 shares of Class A common stock, par value $0.0001 per share, 10,000,000 shares of
Class B common stock, par value $0.0001 per share, and 1,000,000 shares of preferred stock, par value $0.0001 per share.
Immediately after this offering, there will be 80,000,000 and 5,000,000 (assuming, in each case, that the underwriters have not
exercised their over-allotment option) authorized but unissued shares of Class A common stock and Class B common stock, respectively,
available for issuance, which amount does not take into account the shares of Class A common stock reserved for issuance upon
exercise of outstanding warrants or the shares of Class A common stock issuable upon conversion of Class B common stock. Immediately
after the consummation of this offering, there will be no shares of preferred stock issued and outstanding. Shares of Class B
common stock are convertible into shares of our Class A common stock initially at a one-for-one ratio but subject to
adjustment as set forth herein, including in certain circumstances in which we issue Class A common stock or equity-linked securities
related to our initial business combination.
We may issue a substantial number of additional shares of Class
A common stock or preferred stock to complete our initial business combination or under an employee incentive plan after completion
of our initial business combination (although our amended and restated certificate of incorporation will provide that we may not
issue additional shares of capital stock that would entitle the holders thereof to receive funds from the trust account or vote
on any initial business combination or on matters related to our pre-initial business combination activity. We may also issue
shares of Class A common stock upon conversion of the Class B common stock at a ratio greater than one-to-one at the time
of our initial business combination as a result of the anti-dilution provisions contained in our amended and restated certificate
of incorporation. However, our amended and restated certificate of incorporation will provide, among other things, that prior
to our initial business combination, we may not issue additional shares of capital stock that would entitle the holders thereof
to (i) receive funds from the trust account, (ii) vote on any initial business combination or (iii) vote on matters related to
our pre-initial business combination activity. These provisions of our amended and restated certificate of incorporation,
like all provisions of our amended and restated certificate of incorporation, may be amended with the approval of our stockholders.
However, our executive officers, directors and director nominees have agreed, pursuant to a written agreement with us, that they
will not propose any amendment to our amended and restated certificate of incorporation to (A) modify the substance or timing
of our obligation to provide for the redemption of our public shares in connection with an initial business combination or to
redeem 100% of our public shares if we do not complete our initial business combination within 24 months from the closing
of this offering or (B) with respect to any other material provisions relating to stockholders' rights or pre-initial business
combination activity, unless we provide our public stockholders with the opportunity to redeem their shares of common stock upon
approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the
trust account, including interest (which interest shall be net of taxes payable), divided by the number of then outstanding public
shares.
41
The issuance of additional shares of common or preferred stock:
•     may
significantly dilute the equity interest of investors in this offering;
•     may
subordinate the rights of holders of common stock if preferred stock is issued with rights senior to those afforded our common
stock;
•     could
cause a change of control if a substantial number of shares of our common stock are issued, which may affect, among other things,
our ability to use our net operating loss carry forwards, if any, and could result in the resignation or removal of our present
officers and directors; and
•     may
adversely affect prevailing market prices for our units, Class A common stock and/or warrants.
Resources could be wasted in researching business combinations
that are not completed, which could materially adversely affect subsequent attempts to locate and acquire or merge with another
business. If we are unable to complete our initial business combination, our public stockholders may receive only approximately
$10.00 per share, or less than such amount in certain circumstances, on the liquidation of our trust account and our warrants
will expire worthless.
We anticipate that the investigation of each specific target
business and the negotiation, drafting and execution of relevant agreements, disclosure documents and other instruments will require
substantial management time and attention and substantial costs for accountants, attorneys, consultants and others. If we decide
not to complete a specific initial business combination, the costs incurred up to that point for the proposed transaction likely
would not be recoverable. Furthermore, if we reach an agreement relating to a specific target business, we may fail to complete
our initial business combination for any number of reasons, including those beyond our control. Any such event will result in
a loss to us of the related costs incurred, which could materially adversely affect subsequent attempts to locate and acquire
or merge with another business. If we are unable to complete our initial business combination, our public stockholders may receive
only approximately $10.00 per share on the liquidation of our trust account and our warrants will expire worthless. In certain
circumstances, our public stockholders may receive less than $10.00 per share on the redemption of their shares. See "—
If third parties bring claims against us, the proceeds held in the trust account could be reduced and the per-share redemption
amount received by stockholders may be less than $10.00 per share" and other risk factors herein.
Our ability to successfully effect our initial business
combination and to be successful thereafter will be totally dependent upon the efforts of our key personnel, some of whom may
join us following our initial business combination. The loss of key personnel could negatively impact the operations and profitability
of our post-combination business.
Our ability to successfully effect our initial business combination
is dependent upon the efforts of our key personnel. The role of our key personnel in the target business, however, cannot presently
be ascertained. Although some of our key personnel may remain with the target business in senior management or advisory positions
following our initial business combination, it is likely that some or all of the management of the target business will remain
in place. While we intend to closely scrutinize any individuals we engage after our initial business combination, we cannot assure
you that our assessment of these individuals will prove to be correct. These individuals may be unfamiliar with the requirements
of operating a company regulated by the SEC, which could cause us to have to expend time and resources helping them become familiar
with such requirements. In addition, the officers and directors of an initial business combination candidate may resign upon completion
of our initial business combination. The departure of an initial business combination target's key personnel could negatively
impact the operations and profitability of our post-combination business. The role of an initial business combination candidate's
key personnel upon the completion of our initial business combination cannot be ascertained at this time. Although we contemplate
that certain members of an initial business combination candidate's management team will remain associated with the initial
business combination candidate following our initial business combination, it is possible that members of the management of an
initial business combination candidate will not wish to remain in place. The loss of key personnel could negatively impact the
operations and profitability of our post-combination business.
42
We are dependent upon our officers and directors and
their departure could adversely affect our ability to operate.
Our operations are dependent upon a relatively small group
of individuals and, in particular, our officers and directors. We believe that our success depends on the continued service of
our executive officers and directors, at least until we have completed our initial business combination. In addition, our officers
and directors are not required to commit any specified amount of time to our affairs and, accordingly, will have conflicts of
interest in allocating management time among various their business activities, including identifying potential business combinations
and monitoring the related due diligence, negotiations and other activities. We do not have an employment agreement with, or key-man insurance
on the life of, any of our directors or officers. The unexpected loss of the services of one or more of our directors or officers
could have a detrimental effect on us.
Our key personnel may negotiate employment or consulting
agreements as well as reimbursement of out-of-pocket expenses, if any, with a target business in connection with a particular
business combination. These agreements may provide for them to receive compensation or reimbursement for out-of-pocket expenses,
if any, following our initial business combination and as a result, may cause them to have conflicts of interest in determining
whether a particular business combination is the most advantageous.
Our key personnel may be able to remain with the combined company
after the completion of our initial business combination only if they are able to negotiate employment or consulting agreements
in connection with the initial business combination. Additionally, they may negotiate reimbursement of any out-of-pocket expenses
incurred on our behalf prior to the consummation of our initial business combination, should they choose to do so. Such negotiations
would take place simultaneously with the negotiation of the initial business combination and could provide for such individuals
to receive compensation in the form of cash payments and/or our securities for services they would render to us after the completion
of the initial business combination, or as reimbursement for such out-of-pocket expenses. The personal and financial interests
of such individuals may influence their motivation in identifying and selecting a target business. However, we believe the ability
of such individuals to remain with us after the completion of our initial business combination will not be the determining factor
in our decision as to whether or not we will proceed with any potential business combination. There is no certainty, however,
that any of our key personnel will remain with us after the completion of our initial business combination. We cannot assure you
that any of our key personnel will remain in senior management or advisory positions with us. The determination as to whether
any of our key personnel will remain with us will be made at the time of our initial business combination.
We may have a limited ability to assess the management
of a prospective target business and, as a result, may affect our initial business combination with a target business whose management
may not have the skills, qualifications or abilities to manage a public company, which could, in turn, negatively impact the value
of our stockholders' investment in us.
When evaluating the desirability of effecting our initial business
combination with a prospective target business, our ability to assess the target business's management may be limited due
to a lack of time, resources or information. Our assessment of the capabilities of the target's management, therefore, may
prove to be incorrect and such management may lack the skills, qualifications or abilities we suspected. Should the target's
management not possess the skills, qualifications or abilities necessary to manage a public company, the operations and profitability
of the post-combination business may be negatively impacted. Accordingly, any stockholders who choose to remain stockholders
following the initial business combination could suffer a reduction in the value of their shares. Such stockholders are unlikely
to have a remedy for such reduction in value.
43
Our officers and directors will allocate their time to
other businesses thereby causing conflicts of interest in their determination as to how much time to devote to our affairs. This
conflict of interest could have a negative impact on our ability to complete our initial business combination.
Our officers and directors are not required to, and will not,
commit their full time to our affairs, which may result in a conflict of interest in allocating their time between our operations
and our search for an initial business combination and their other businesses. Each of our officers is engaged in other business
endeavors for which he may be entitled to substantial compensation and our officers are not obligated to contribute any specific
number of hours per week to our affairs. Our officers and directors may also serve as officers or board members for other entities,
including other special purpose acquisition companies with a class of securities intended to be registered under the Exchange
Act. If our officers' and directors' other business affairs require them to devote substantial amounts of time to
such affairs in excess of their current commitment levels, it could limit their ability to devote time to our affairs which may
have a negative impact on our ability to complete our initial business combination. For a complete discussion of our officers'
and directors' other business affairs, please see the section of this prospectus entitled "Management — Directors
and Officers."
Certain of our officers and directors are now, and all
of them may in the future become, affiliated with entities engaged in business activities similar to those intended to be conducted
by us and, accordingly, may have conflicts of interest in allocating their time and determining to which entity a particular business
opportunity should be presented.
Following the completion of this offering and until we consummate
our initial business combination, we intend to engage in the business of identifying and combining with one or more businesses.
Our officers and directors may become an officer or director of any another special purpose acquisition company with a class of
securities intended to be registered under the Exchange Act, prior to the completion of our initial business combination. Our
officers and directors also may become aware of business opportunities that may be appropriate for presentation to us and the
other entities to which they owe certain fiduciary or contractual duties.
Accordingly, they may have conflicts of interest in determining
to which entity a particular business opportunity should be presented. These conflicts may not be resolved in our favor and a
potential target business may be presented to another entity prior to its presentation to us. Our amended and restated certificate
of incorporation will provide that we renounce our interest in any corporate opportunity offered to any director or officer unless
such opportunity is expressly offered to such person solely in his or her capacity as a director or officer of our company and
such opportunity is one we are legally and contractually permitted to undertake and would otherwise be reasonable for us to pursue,
and to the extent the director or officer is permitted to refer that opportunity to us without violating another legal obligation.
For a complete discussion of our officers' and directors'
business Conflict of Interests and the potential conflicts of interest that you should be aware of, please see the sections of
this prospectus entitled "Management — Officers, Directors and Director Nominees," "Management —
Conflicts of Interest" and "Certain Relationships and Related Party Transactions."
Our officers, directors, security holders and their respective
affiliates may have competitive pecuniary interests that conflict with our interests.
We have not adopted a policy that expressly prohibits our directors,
officers, security holders or affiliates from having a direct or indirect pecuniary or financial interest in any investment to
be acquired or disposed of by us or in any transaction to which we are a party or have an interest. In fact, we may enter into
an initial business combination with a target business that is affiliated with our sponsor, our directors or officers. We do not
have a policy that expressly prohibits any such persons from engaging for their own account in business activities of the types
conducted by us. Accordingly, such persons or entities may have a conflict between their interests and ours.
The personal and financial interests of our directors and officers
may influence their motivation in timely identifying and selecting a target business and completing a business combination. Consequently,
our directors' and officers' discretion in identifying and selecting a suitable target business may result in a conflict
of interest when determining whether the terms, conditions and timing of a particular business combination are appropriate and
in our stockholders' best interest. If this were the case, it would be a breach of their fiduciary duties to us as a matter
of Delaware law and we or our stockholders might have a claim against such individuals for infringing on our stockholders'
rights. However, we might not ultimately be successful in any claim we may make against them for such reason.
44
We may engage in an initial business combination with
one or more target businesses that have relationships with entities that may be affiliated with our sponsor, officers, directors
or existing holders that may raise potential conflicts of interest.
In light of the involvement of our sponsor, officers and directors
with other entities, we may decide to acquire one or more businesses affiliated with our sponsor, officers or directors. Our directors
also serve as officers and board members for other entities, including, without limitation, those described under the section
of this prospectus entitled "Management — Conflicts of Interest." Such entities may compete with us for business
combination opportunities. Our sponsor, officers and directors are not currently aware of any specific opportunities for us to
complete our initial business combination with any entities with which they are affiliated, and there have been no substantive
discussions concerning an initial business combination with any such entity or entities. Although we will not be specifically
focusing on, or targeting, any transaction with any affiliated entities, we would pursue such a transaction if we determined that
such affiliated entity met our criteria for an initial business combination as set forth in the section of this prospectus entitled
 "Proposed Business — Selection of a Target Business and Structuring of our Initial Business Combination" and
such transaction was approved by a majority of our disinterested directors. Despite our agreement to obtain an opinion from an
independent investment banking firm or another independent entity that commonly renders valuation opinions, regarding the fairness
to the Company and our stockholders from a financial point of view of an initial business combination with one or more domestic
or international businesses affiliated with our officers, directors or existing holders, potential conflicts of interest still
may exist and, as a result, the terms of the initial business combination may not be as advantageous to our public stockholders
as they would be absent any conflicts of interest. These risks may become more acute as the 24-month deadline for the completion
of our initial business combination.
Since our sponsor, officers and directors will lose their
entire investment in us if our initial business combination is not completed (except with respect to any public shares the may
hold), a conflict of interest may arise in determining whether a particular business combination target is appropriate for our
initial business combination.
In July 2020, our sponsor purchased 5,750,000 founder shares,
750,000 of which are subject to forfeiture if the underwriters' over-allotment option is not exercised. The number
of founder shares issued was determined based on the expectation that such founder shares would represent 20% of the outstanding
shares after this offering. The founder shares will be worthless if we do not complete an initial business combination. In addition,
our sponsor has committed to purchase an aggregate of 5,750,000 (or 6,350,000 if the underwriters' over-allotment option
is exercised in full) private placement warrants, each exercisable for one share of our Class A common stock at $11.50 per share,
for a purchase price of $5,750,000 (or $6,350,000 if the underwriters' over-allotment option is exercised in full),
or $1.00 per warrant, that will also be worthless if we do not complete an initial business combination. Holders of founder shares
have agreed (A) to vote any shares owned by them in favor of any proposed initial business combination and (B) not to redeem any
founder shares in connection with a stockholder vote to approve a proposed initial business combination or in connection with
a stockholder vote to approve an amendment to our amended and restated certificate of incorporation. In addition, we may obtain
loans from our sponsor, affiliates of our sponsor or an officer or director. The personal and financial interests of our officers
and directors may influence their motivation in identifying and selecting a target business combination, completing an initial
business combination and influencing the operation of the business following the initial business combination.
We may issue notes or other debt securities, or otherwise
incur substantial debt, to complete an initial business combination, which may adversely affect our leverage and financial condition
and thus negatively impact the value of our stockholders' investment in us.
Although we have no commitments as of the date of this prospectus
to issue any notes or other debt securities, or to otherwise incur outstanding debt following this offering, we may choose to
incur substantial debt to complete our initial business combination. We have agreed that we will not incur any indebtedness unless
we have obtained from the lender a waiver of any right, title, interest or claim of any kind in or to the monies held in the trust
account. As such, no issuance of debt will affect the per-share amount available for redemption from the trust account. Nevertheless,
the incurrence of debt could have a variety of negative effects, including:
45
•      default
and foreclosure on our assets if our operating revenues after an initial business combination are insufficient to repay our debt
obligations;
•      acceleration
of our obligations to repay the indebtedness even if we make all principal and interest payments when due if we breach certain
covenants that require the maintenance of certain financial ratios or reserves without a waiver or renegotiation of that covenant;
•      our
immediate payment of all principal and accrued interest, if any, if the debt security is payable on demand;
•      our
inability to obtain necessary additional financing if the debt security contains covenants restricting our ability to obtain such
financing while the debt security is outstanding;
•      our
inability to pay dividends on our common stock;
•      using
a substantial portion of our cash flow to pay principal and interest on our debt, which will reduce the funds available for dividends
on our common stock if declared, our ability to pay expenses, make capital expenditures and acquisitions, and fund other general
corporate purposes;
•      limitations
on our flexibility in planning for and reacting to changes in our business and in the industry in which we operate;
•      increased
vulnerability to adverse changes in general economic, industry and competitive conditions and adverse changes in government regulation;
•      limitations
on our ability to borrow additional amounts for expenses, capital expenditures, acquisitions, debt service requirements, and execution
of our strategy; and
•      other
disadvantages compared to our competitors who have less debt.
We may be able to complete only one business combination
with the proceeds of this offering and the sale of the private placement warrants, which will cause us to be solely dependent
on a single business, which may have a limited number of products or services and limited operating activities. This lack of diversification
may negatively impact our operating results and profitability.
Of the net proceeds from this offering and the sale of the
private placement warrants, $200,000,000 (or $230,000,000 if the underwriters' over-allotment option is exercised in
full) will be available to complete our initial business combination and pay related fees and expenses (which includes up to $7,000,000,
or up to $8,050,000 if the over-allotment option is exercised in full, for the payment of deferred underwriting commissions
being held in the trust account).
We may effectuate our initial business combination with a single
target business or multiple target businesses simultaneously or within a short period of time. However, we may not be able to
effectuate our initial business combination with more than one target business because of various factors, including the existence
of complex accounting issues and the requirement that we prepare and file pro forma financial statements with the SEC that present
operating results and the financial condition of several target businesses as if they had been operated on a combined basis. By
completing our initial business combination with only a single entity, our lack of diversification may subject us to numerous
economic, competitive and regulatory developments. Further, we would not be able to diversify our operations or benefit from the
possible spreading of risks or offsetting of losses, unlike other entities which may have the resources to complete several business
combinations in different industries or different areas of a single industry. Accordingly, the prospects for our success may be:
•     solely
dependent upon the performance of a single business, property or asset, or
•     dependent
upon the development or market acceptance of a single or limited number of products, processes or services.
This lack of diversification may subject us to numerous economic,
competitive and regulatory risks, any or all of which may have a substantial adverse impact upon the particular industry in which
we may operate subsequent to our initial business combination.
46
We may attempt to simultaneously complete business combinations
with multiple prospective targets, which may hinder our ability to complete our initial business combination and give rise to
increased costs and risks that could negatively impact our operations and profitability.
If we determine to simultaneously acquire several businesses
that are owned by different sellers, we will need for each of such sellers to agree that our purchase of its business is contingent
on the simultaneous closings of the other business combinations, which may make it more difficult for us, and delay our ability,
to complete our initial business combination. We do not, however, intend to purchase multiple businesses in unrelated industries
in conjunction with our initial business combination. With multiple business combinations, we could also face additional risks,
including additional burdens and costs with respect to possible multiple negotiations and due diligence investigations (if there
are multiple sellers) and the additional risks associated with the subsequent assimilation of the operations and services or products
of the acquired companies in a single operating business. If we are unable to adequately address these risks, it could negatively
impact our profitability and results of operations.
We may attempt to complete our initial business combination
with a private company about which little information is available, which may result in an initial business combination with a
company that is not as profitable as we suspected, if at all.
In pursuing our initial business combination strategy, we may
seek to effectuate our initial business combination with a privately-held company. Very little public information generally
exists about private companies, and we could be required to make our decision on whether to pursue a potential initial business
combination on the basis of limited information, which may result in an initial business combination with a company that is not
as profitable as we suspected, if at all.
Our management may not be able to maintain control of
a target business after our initial business combination.
We may structure an initial business combination so that the
post-transaction company in which our public stockholders own shares will own less than 100% of the equity interests or assets
of a target business, but we will only complete such business combination if the post-transaction company owns or acquires
50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient
for us not to be required to register as an investment company under the Investment Company Act. We will not consider any transaction
that does not meet such criteria. Even if the post-transaction company owns 50% or more of the voting securities of the target,
our stockholders prior to the initial business combination may collectively own a minority interest in the post business combination
company, depending on valuations ascribed to the target and us in the initial business combination. For example, we could pursue
a transaction in which we issue a substantial number of new shares of Class A common stock in exchange for all of the outstanding
capital stock of a target. In this case, we would acquire a 100% interest in the target. However, as a result of the issuance
of a substantial number of new shares of common stock, our stockholders immediately prior to such transaction could own less than
a majority of our outstanding shares of common stock subsequent to such transaction. In addition, other minority stockholders
may subsequently combine their holdings resulting in a single person or group obtaining a larger share of our stock than we initially
acquired. Accordingly, this may make it more likely that our management will not be able to maintain our control of the target
business. We cannot provide assurance that, upon loss of control of a target business, new management will possess the skills,
qualifications or abilities necessary to profitably operate such business.
We do not have a specified maximum redemption threshold.
The absence of such a redemption threshold may make it possible for us to complete an initial business combination with which
a substantial majority of our stockholders do not agree.
Our amended and restated certificate of incorporation will
not provide a specified maximum redemption threshold, except that we will only redeem our public shares so long as (after such
redemption) our net tangible assets will be at least $5,000,001 either immediately prior to or upon consummation of our initial
business combination and after payment of deferred underwriters' fees and commissions (such that we are not subject to the
SEC's "penny stock" rules) or any greater net tangible asset or cash requirement that may be contained in the
agreement relating to our initial business combination. As a result, we may be able to complete our initial business combination
even though a substantial majority of our public stockholders do not agree with the transaction and have redeemed their shares
or, if we seek stockholder approval of our initial business combination and do not conduct redemptions in connection with our
initial business combination pursuant to the tender offer rules, have entered into privately-negotiated agreements to sell
their shares to our sponsor, officers, directors, advisors or their affiliates. In the event the aggregate cash consideration
we would be required to pay for all shares of Class A common stock that are validly submitted for redemption plus any amount required
to satisfy cash conditions pursuant to the terms of the proposed initial business combination exceed the aggregate amount of cash
available to us, we will not complete the initial business combination or redeem any shares, all shares of Class A common stock
submitted for redemption will be returned to the holders thereof, and we instead may search for an alternate business combination.
47
In order to effectuate an initial business combination,
blank check companies have, in the recent past, amended various provisions of their charters and other governing instruments,
including their warrant agreements. We cannot assure you that we will not seek to amend our amended and restated certificate of
incorporation or governing instruments in a manner that will make it easier for us to complete our initial business combination
that our stockholders may not support.
In order to effectuate an initial business combination, blank
check companies have, in the recent past, amended various provisions of their charters and modified governing instruments, including
their warrant agreements. For example, blank check companies have amended the definition of business combination, increased redemption
thresholds, changed industry focus and extended the time to consummate an initial business combination and, with respect to their
warrants, amended their warrant agreements to require the warrants to be exchanged for cash and/or other securities. Amending
our amended and restated certificate of incorporation will require the approval of holders of 65% of our common stock, and amending
our warrant agreement will require a vote of holders of at least a majority of the public warrants and, solely with respect to
any amendment to the terms of the private placement warrants or any provision of our warrant agreement with respect to the private
placement warrants, a majority of the number of the then outstanding private placement warrants. In addition, our amended and
restated certificate of incorporation will require us to provide our public stockholders with the opportunity to redeem their
public shares for cash if we propose an amendment to our amended and restated certificate of incorporation to (A) modify the substance
or timing of our obligation to provide for the redemption of our public shares in connection with an initial business combination
or to redeem 100% of our public shares if we do not complete our initial business combination within 24 months from the closing
of this offering or (B) with respect to any other material provisions relating to stockholders' rights or pre-initial business
combination activity. To the extent any such amendments would be deemed to fundamentally change the nature of any securities offered
through this registration statement, we would register, or seek an exemption from registration for, the affected securities. We
cannot assure you that we will not seek to amend our charter or governing instruments or extend the time to consummate an initial
business combination in order to effectuate our initial business combination.
The provisions of our amended and restated certificate
of incorporation that relate to our pre-business combination activity (and corresponding provisions of the agreement governing
the release of funds from our trust account), including an amendment to permit us to withdraw funds from the trust account such
that the per share amount investors will receive upon any redemption or liquidation is substantially reduced or eliminated, may
be amended with the approval of holders of 65% of our common stock, which is a lower amendment threshold than that of some other
blank check companies. It may be easier for us, therefore, to amend our amended and restated certificate of incorporation and
the trust agreement to facilitate the completion of an initial business combination that some of our stockholders may not support.
Our amended and restated certificate of incorporation will
provide that any of its provisions related to pre-initial business combination activity (including the requirement to deposit
proceeds of this offering and the private placement of warrants into the trust account and not release such amounts except in
specified circumstances, and to provide redemption rights to public stockholders as described herein and including to permit us
to withdraw funds from the trust account such that the per share amount investors will receive upon any redemption or liquidation
is substantially reduced or eliminated) may be amended if approved by holders of 65% of our common stock entitled to vote thereon,
and corresponding provisions of the trust agreement governing the release of funds from our trust account may be amended if approved
by holders of 65% of our common stock entitled to vote thereon. In all other instances, our amended and restated certificate of
incorporation may be amended by holders of a majority of our outstanding common stock entitled to vote thereon, subject to applicable
provisions of the DGCL or applicable stock exchange rules. We may not issue additional securities that can vote on amendments
to our amended and restated certificate of incorporation. Our initial stockholders, who will collectively beneficially own up
to 20% of our common stock upon the closing of this offering (assuming they do not purchase any units in this offering), will
participate in any vote to amend our amended and restated certificate of incorporation and/or trust agreement and will have the
discretion to vote in any manner they choose. As a result, we may be able to amend the provisions of our amended and restated
certificate of incorporation, which govern our pre-initial business combination behavior more easily than some other blank
check companies, and this may increase our ability to complete an initial business combination with which you do not agree. Our
stockholders may pursue remedies against us for any breach of our amended and restated certificate of incorporation.
48
Our sponsor, officers and directors have agreed, pursuant to
a written agreement with us, that they will not propose any amendment to our amended and restated certificate of incorporation
to (A) modify the substance or timing of our obligation to provide for the redemption of our public shares in connection with
an initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination
within 24 months from the closing of this offering or (B) with respect to any other material provisions relating to stockholders'
rights or pre-initial business combination activity, unless we provide our public stockholders with the opportunity to redeem
their shares of Class A common stock upon approval of any such amendment at a per-share price, payable in cash, equal to
the aggregate amount then on deposit in the trust account (including interest, net of taxes), divided by the number of then outstanding
public shares. These agreements are contained in a letter agreement that we have entered into with our sponsor, officers and directors.
Our stockholders are not parties to, or third-party beneficiaries of, these agreements and, as a result, will not have the
ability to pursue remedies against our sponsor, officers or directors for any breach of these agreements. As a result, in the
event of a breach, our stockholders would need to pursue a stockholder derivative action, subject to applicable law.
Our letter agreement with our sponsor, director nominees,
and officers may be amended without stockholder approval.
Our letter agreement with our sponsor, directors, director
nominees, and officers contains provisions relating to transfer restrictions of our founder shares and sponsor warrants, indemnification
of the trust account, waiver of redemption rights and participation in liquidation distributions from the trust account. This
letter agreement may be amended without stockholder approval (although releasing the parties from the restriction not to transfer
our founder shares for 180 days following the date of this prospectus will require the prior written consent of the underwriters).
While we do not expect our board to approve any amendment to this agreement prior to our initial business combination, it may
be possible that our board, in exercising its business judgment and subject to its fiduciary duties, chooses to approve one or
more amendments to this agreement. Any such amendments to the letter agreement would not require approval from our stockholders
and may have an adverse effect on the value of an investment in our securities.
We may be unable to obtain additional financing to complete
our initial business combination or to fund the operations and growth of a target business, which could compel us to restructure
or abandon a particular business combination.
We have not selected any specific business combination target
but intend to target businesses with enterprise values that are greater than we could acquire with the net proceeds of this offering
and the sale of the private placement warrants. As a result, if the cash portion of the purchase price exceeds the amount available
from the trust account, net of amounts needed to satisfy any redemption by public stockholders, we may be required to seek additional
financing to complete such proposed initial business combination. We cannot assure you that such financing will be available on
acceptable terms, if at all. To the extent that additional financing proves to be unavailable when needed to complete our initial
business combination, we would be compelled to either restructure the transaction or abandon that particular business combination
and seek an alternative target business candidate. Further, we may be required to obtain additional financing in connection with
the closing of our initial business combination for general corporate purposes, including for maintenance or expansion of operations
of the post-transaction businesses, the payment of principal or interest due on indebtedness incurred in completing our initial
business combination, or to fund the purchase of other companies. If we are unable to complete our initial business combination,
our public stockholders may receive only approximately $10.00 per share plus any
pro rata
interest earned on
the funds held in the trust account and not previously released to us to pay our taxes on the liquidation of our trust account
and our warrants will expire worthless. In addition, even if we do not need additional financing to complete our initial business
combination, we may require such financing to fund the operations or growth of the target business. The failure to secure additional
financing could have a material adverse effect on the continued development or growth of the target business. None of our sponsor,
officers, directors or stockholders is required to provide any financing to us in connection with or after our initial business
combination. If we are unable to complete our initial business combination, our public stockholders may only receive approximately
$10.00 per share on the liquidation of our trust account, and our warrants will expire worthless. Furthermore, as described in
the risk factor entitled "— If third parties bring claims against us, the proceeds held in the trust account could
be reduced and the per-share redemption amount received by stockholders may be less than $10.00 per share," under certain
circumstances our public stockholders may receive less than $10.00 per share upon the liquidation of the trust account.
49
Our initial stockholders may exert a substantial influence
on actions requiring a stockholder vote, potentially in a manner that you do not support.
Upon the closing of this offering, our initial stockholders
will own shares representing 20% of our issued and outstanding shares of common stock (assuming they do not purchase any units
in this offering). Accordingly, they may exert a substantial influence on actions requiring a stockholder vote, potentially in
a manner that you do not support, including amendments to our amended and restated certificate of incorporation and approval of
major corporate transactions. If our initial stockholders purchase any units in this offering or if our initial stockholders purchase
any additional shares of common stock in the aftermarket or in privately-negotiated transactions, this would increase their
control. Factors that would be considered in making such additional purchases would include consideration of the current trading
price of our Class A common stock. In addition, our board of directors, whose members were elected by our initial stockholders,
is and will be divided into two classes, each of which will generally serve for a term of two years with only one class of directors
being elected in each year. We may not hold an annual meeting of stockholders to elect new directors prior to the completion of
our initial business combination, in which case all of the current directors will continue in office until at least the completion
of the initial business combination. If there is an annual meeting, as a consequence of our "staggered" board of directors,
only a minority of the board of directors will be considered for election and our initial stockholders, because of their ownership
position, will have considerable influence regarding the outcome. Accordingly, our initial stockholders will continue to exert
control at least until the completion of our initial business combination.
Our sponsor paid an aggregate amount of $25,000 or approximately
$0.004 per founder share, and, accordingly, you will experience immediate and substantial dilution from the purchase of our Class
B common stock.
The difference between the public offering price per share
(allocating all of the unit purchase price to the Class A common stock and none to the warrant included in the unit) and the pro
forma net tangible book value per share of our Class A common stock after this offering constitutes the dilution to you and the
other investors in this offering. Our sponsor acquired the founder shares at a nominal price, significantly contributing to this
dilution. Upon the closing of this offering, and assuming no value is ascribed to the warrants included in the units, you and
the other public stockholders will incur an immediate and substantial dilution of approximately 91.8% (or $9.18 per share, assuming
no exercise of the underwriters' over-allotment option), the difference between the pro forma net tangible book value
per share of $0.82 and the initial offering price of $10.00 per unit. In addition, because of the anti-dilution rights of
the founder shares, any equity or equity-linked securities issued or deemed issued in connection with our initial business
combination would be disproportionately dilutive to our Class A common stock and would be exacerbated to the extent the public
stockholders seek redemptions from the trust account.
We may amend the terms of the warrants in a manner that
may be adverse to holders of public warrants with the approval by the holders of at least a majority of the then outstanding public
warrants. As a result, the exercise price of your warrants could be increased, the exercise period could be shortened and the
number of shares of our Class A common stock purchasable upon exercise of a warrant could be decreased, all without your approval.
Our warrants will be issued in registered form under a warrant
agreement between Continental Stock Transfer & Trust Company, as warrant agent, and us. The warrant agreement provides that
the terms of the warrants may be amended without the consent of any holder to cure any ambiguity or correct any defective provision,
but requires the approval by the holders of at least a majority of the then outstanding public warrants to make any change that
adversely affects the interests of the registered holders of public warrants. Accordingly, we may amend the terms of the public
warrants in a manner adverse to a holder of public warrants if holders of at least a majority of the then outstanding public warrants
approve of such amendment. Although our ability to amend the terms of the public warrants with the consent of at least a majority
of the then outstanding public warrants is unlimited, examples of such amendments could be amendments to, among other things,
increase the exercise price of the warrants, convert the warrants into cash or stock, shorten the exercise period or decrease
the number of shares of our Class A common stock purchasable upon exercise of a warrant.
50
Our warrant agreement will designate the courts of
the State of New York or the United States District Court for the Southern District of New York as the sole and exclusive forum
for certain types of actions and proceedings that may be initiated by holders of our warrants, which could limit the ability of
warrant holders to obtain a favorable judicial forum for disputes with our company.
Our warrant agreement will provide that, subject to applicable
law, (i) any action, proceeding or claim against us arising out of or relating in any way to the warrant agreement, including
under the Securities Act, will be brought and enforced in the courts of the State of New York or the United States District Court
for the Southern District of New York, and (ii) that we irrevocably submit to such jurisdiction, which jurisdiction shall be the
exclusive forum for any such action, proceeding or claim. We will waive any objection to such exclusive jurisdiction and that
such courts represent an inconvenient forum.
Notwithstanding the foregoing, these provisions of the warrant
agreement will not apply to suits brought to enforce any liability or duty created by the Exchange Act or any other claim for
which the federal district courts of the United States of America are the sole and exclusive forum. Any person or entity purchasing
or otherwise acquiring any interest in any of our warrants shall be deemed to have notice of and to have consented to the forum
provisions in our warrant agreement. If any action, the subject matter of which is within the scope the forum provisions of the
warrant agreement, is filed in a court other than a court of the State of New York or the United States District Court for the
Southern District of New York (a "foreign action") in the name of any holder of our warrants, such holder shall be
deemed to have consented to: (x) the personal jurisdiction of the state and federal courts located in the State of New York in
connection with any action brought in any such court to enforce the forum provisions (an "enforcement action"), and
(y) having service of process made upon such warrant holder in any such enforcement action by service upon such warrant holder's
counsel in the foreign action as agent for such warrant holder.
This choice-of-forum provision may limit a warrant holder's
ability to bring a claim in a judicial forum that it finds favorable for disputes with our company, which may discourage such
lawsuits. Alternatively, if a court were to find this provision of our warrant agreement inapplicable or unenforceable with respect
to one or more of the specified types of actions or proceedings, we may incur additional costs associated with resolving such
matters in other jurisdictions, which could materially and adversely affect our business, financial condition and results of operations
and result in a diversion of the time and resources of our management and board of directors.
We may redeem your unexpired warrants prior to their
exercise at a time that is disadvantageous to you, thereby making your warrants worthless.
We have the ability to redeem outstanding warrants at any time
after they become exercisable and prior to their expiration, at a price of $0.01 per warrant; provided that the reported closing
price of our Class A common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations,
recapitalizations and the like) for any 20 trading days within a 30 trading-day period ending on the third trading day prior
to the date on which we give proper notice of such redemption to the warrantholders and provided certain other conditions are
met. If and when the warrants become redeemable by us, we may not exercise our redemption right if the issuance of shares of common
stock upon exercise of the warrants is not exempt from registration or qualification under applicable state blue sky laws or we
are unable to effect such registration or qualification. We will use our best efforts to register or qualify such shares of common
stock under the blue sky laws of the state of residence in those states in which the warrants were initially offered by us in
this offering. Redemption of the outstanding warrants could force you (i) to exercise your warrants and pay the exercise
price therefor at a time when it may be disadvantageous for you to do so, (ii) to sell your warrants at the then-current market
price when you might otherwise wish to hold your warrants or (iii) to accept the nominal redemption price which, at the time the
outstanding warrants are called for redemption, is likely to be substantially less than the market value of your warrants. None
of the private placement warrants will be redeemable by us so long as they are held by the sponsor or its permitted transferees.
Our warrants and founder shares may have an adverse effect
on the market price of our Class A common stock and make it more difficult to effectuate our initial business combination.
We will be issuing warrants to purchase 10,000,000 shares
of our Class A common stock (or up to 11,500,000 shares of Class A common stock if the underwriters' over-allotment option
is exercised in full) as part of the units offered by this prospectus and, simultaneously with the closing of this offering, we
will be issuing in a private placement warrants to purchase an aggregate of 5,750,000 (or up to 6,350,000 if the underwriters'
over-allotment option is exercised in full) shares of Class A common stock at $11.50 per share. Our initial stockholders
currently own an aggregate of 5,750,000 founder shares, 750,000 of which are subject to forfeiture if the underwriters'
over-allotment option is not exercised. The founder shares are convertible into shares of Class A common stock on a one-for-one basis,
subject to adjustment as set forth herein. In addition, if our sponsor or an affiliate of our sponsor or certain of our officers
and directors make any working capital loans, up to $1,500,000 of such loans may be converted into warrants, at the price of $1.00
per warrant at the option of the lender. Such warrants would be identical to the private placement warrants, including as to exercise
price, exercisability and exercise period.
To the extent we issue shares of Class A common stock to effectuate
an initial business combination, the potential for the issuance of a substantial number of additional shares of Class A common
stock upon exercise of these warrants and conversion rights could make us a less attractive business combination vehicle to a
target business. Any such issuance will increase the number of issued and outstanding shares of our Class A common stock and reduce
the value of the shares of Class A common stock issued to complete the initial business combination. Therefore, our warrants and
founder shares may make it more difficult to effectuate an initial business combination or increase the cost of acquiring the
target business.
The private placement warrants are identical to the warrants
sold as part of the units in this offering except that, so long as they are held by our sponsor or its permitted transferees,
(i) they will not be redeemable by us, (ii) they (including the Class A common stock issuable upon exercise of these warrants)
may not, subject to certain limited exceptions, be transferred, assigned or sold by our sponsor until 30 days after the completion
of our initial business combination, (iii) they may be exercised by the holders on a cashless basis and (iv) the holders thereof
(including with respect to shares of Class A common stock issuable upon exercise of such warrants) are entitled to registration
rights.
51
Because each unit contains one-half of one redeemable
warrant and only a whole warrant may be exercised, the units may be worth less than units of other blank check companies.
Each unit contains one-half of one redeemable warrant.
No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Accordingly, unless you
purchase at least two units, you will not be able to receive or trade a whole warrant. This is different from other offerings
similar to ours whose units include one share of common stock and one warrant to purchase one share. We have established the components
of the units in this way in order to reduce the dilutive effect of the warrants upon completion of an initial business combination
since the warrants will be exercisable in the aggregate for one half of the number of shares compared to units that each contain
a warrant to purchase one share, thus making us, we believe, a more attractive business combination partner for target businesses.
Nevertheless, this unit structure may cause our units to be worth less than if they included a warrant to purchase one share.
A provision of our warrant agreement may make it more
difficult for use to consummate an initial business combination.
Unlike some other blank check companies, if
(i)   we issue
additional shares of Class A common stock or equity-linked securities for capital raising purposes in connection with the
closing of our initial business combination at a Newly Issued Price of less than $9.20 per share;
(ii)  the aggregate
gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the
funding of our initial business combination on the date of the consummation of our initial business combination (net of redemptions),
and
(iii) the Market Value
is below $9.20 per share,
then the exercise price of the warrants will be adjusted to
be equal to 115% of the higher of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger price
will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price. This
may make it more difficult for us to consummate an initial business combination with a target business.
The determination of the offering price of our units,
the size of this offering and terms of the units is more arbitrary than the pricing of securities and size of an offering of an
operating company in a particular industry. You may have less assurance, therefore, that the offering price of our units properly
reflects the value of such units than you would have in a typical offering of an operating company.
Prior to this offering there has been no public market for
any of our securities. The public offering price of the units and the terms of the warrants were negotiated between us and the
underwriters. In determining the size of this offering, management held customary organizational meetings with representatives
of the underwriters, both prior to our inception and thereafter, with respect to the state of capital markets, generally, and
the amount the underwriters believed they reasonably could raise on our behalf. Factors considered in determining the size of
this offering, prices and terms of the units, including the Class A common stock and warrants underlying the units, include:
•     the
history and prospects of companies whose principal business is the acquisition of other companies;
•     prior
offerings of those companies;
•     our
prospects for acquiring an operating business;
•     a
review of debt to equity ratios in leveraged transactions;
•     our
capital structure;
•     an
assessment of our management and their experience in identifying operating companies;
•     general
conditions of the securities markets at the time of this offering; and
•     other
factors as were deemed relevant.
Although these factors were considered, the determination of
our offering size, price and terms of the units is more arbitrary than the pricing of securities of an operating company in a
particular industry since we have no historical operations or financial results.
52
There is currently no market for our securities and a
market for our securities may not develop, which would adversely affect the liquidity and price of our securities.
There is currently no market for our securities. Stockholders
therefore have no access to information about prior market history on which to base their investment decision. Following this
offering, the price of our securities may vary significantly due to one or more potential business combinations and general market
or economic conditions. Furthermore, an active trading market for our securities may never develop or, if developed, it may not
be sustained. You may be unable to sell your securities unless a market can be established and sustained.
Because we must furnish our stockholders with target
business financial statements, we may lose the ability to complete an otherwise advantageous initial business combination with
some prospective target businesses.
The federal proxy rules require that the proxy statement with
respect to the vote on an initial business combination include historical and pro forma financial statement disclosure. We will
include the same financial statement disclosure in connection with our tender offer documents, whether or not they are required
under the tender offer rules. These financial statements may be required to be prepared in accordance with, or be reconciled to,
accounting principles generally accepted in the United States of America ("GAAP") or international financial reporting
standards as issued by the International Accounting Standards Board ("IFRS") depending on the circumstances and the
historical financial statements may be required to be audited in accordance with the standards of the Public Company Accounting
Oversight Board (United States) ("PCAOB"). These financial statement requirements may limit the pool of potential
target businesses we may acquire because some targets may be unable to provide such financial statements in time for us to disclose
such statements in accordance with federal proxy rules and complete our initial business combination within the prescribed time
frame.
We are an emerging growth company and a smaller reporting
company within the meaning of the Securities Act, and if we take advantage of certain exemptions from disclosure requirements
available to emerging growth companies and smaller reporting companies, this could make our securities less attractive to investors
and may make it more difficult to compare our performance with other public companies.
We are an "emerging growth company" within the
meaning of the Securities Act, as modified by the JOBS Act, and we may take advantage of certain exemptions from various reporting
requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to,
not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced
disclosure obligations regarding executive compensation in our periodic reports and proxy statements, and exemptions from the
requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute
payments not previously approved. As a result, our stockholders may not have access to certain information they may deem important.
We could be an emerging growth company for up to five years, although circumstances could cause us to lose that status earlier,
including if the market value of our Class A common stock held by non-affiliates exceeds $700 million as of any June
30 before that time, in which case we would no longer be an emerging growth company as of the following December 31. We cannot
predict whether investors will find our securities less attractive because we will rely on these exemptions. If some investors
find our securities less attractive as a result of our reliance on these exemptions, the trading prices of our securities may
be lower than they otherwise would be, there may be a less active trading market for our securities and the trading prices of
our securities may be more volatile.
Further, Section 102(b)(1) of the JOBS Act exempts emerging
growth companies from being required to comply with new or revised financial accounting standards until private companies (that
is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered
under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that
a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth
companies but any such an election to opt out is irrevocable. We have elected not to opt out of such extended transition period,
which means that when a standard is issued or revised and it has different application dates for public or private companies,
we, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised
standard. This may make comparison of our financial statements with another public company which is neither an emerging growth
company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because
of the potential differences in accountant standards used.
53
Additionally, we are a "smaller reporting company"
as defined in Rule 10(f)(1) of Regulation S-K. Smaller reporting companies may take advantage of certain reduced disclosure obligations,
including, among other things, providing only two years of audited financial statements. We will remain a smaller reporting company
until the last day of the fiscal year in which (1) the market value of our common stock held by non-affiliates exceeds $250 million
as of the end of the prior June 30
th
, or (2) our annual revenues exceeded $100 million during such completed fiscal
year and the market value of our common stock held by non-affiliates exceeds $700 million as of the prior June 30
th
.
To the extent we take advantage of such reduced disclosure obligations, it may also make comparison of our financial statements
with other public companies difficult or impossible.
Compliance obligations under the Sarbanes-Oxley Act may
make it more difficult for us to effectuate our initial business combination, require substantial financial and management resources,
and increase the time and costs of completing an initial business combination.
Section 404 of the Sarbanes-Oxley Act requires that we
evaluate and report on our system of internal controls beginning with our Annual Report on Form 10-K for the year ending
December 31, 2021. Only in the event we are deemed to be a large accelerated filer or an accelerated filer, and no longer
qualify as an emerging growth company, will we be required to comply with the independent registered public accounting firm attestation
requirement on our internal control over financial reporting. Further, for as long as we remain an emerging growth company, we
will not be required to comply with the independent registered public accounting firm attestation requirement on our internal
control over financial reporting. The fact that we are a blank check company makes compliance with the requirements of the Sarbanes-Oxley Act
particularly burdensome on us as compared to other public companies because a target company with which we seek to complete our
initial business combination may not be in compliance with the provisions of the Sarbanes-Oxley Act regarding adequacy of
its internal controls. The development of the internal control of any such entity to achieve compliance with the Sarbanes-Oxley Act
may increase the time and costs necessary to complete any such business combination.
Provisions in our amended and restated certificate of
incorporation and Delaware law may inhibit a takeover of us, which could limit the price investors might be willing to pay in
the future for our Class A common stock and could entrench management.
Our amended and restated certificate of incorporation contains
provisions that may discourage unsolicited takeover proposals that stockholders may consider to be in their best interests. These
provisions include a staggered board of directors and the ability of the board of directors to designate the terms of and issue
new series of preferred shares, which may make the removal of management more difficult and may discourage transactions that otherwise
could involve payment of a premium over prevailing market prices for our securities.
We are also subject to anti-takeover provisions under
Delaware law, which could delay or prevent a change of control. Together these provisions may make the removal of management more
difficult and may discourage transactions that otherwise could involve payment of a premium over prevailing market prices for
our securities.
Our amended and restated certificate of incorporation
will require, to the fullest extent permitted by law, that derivative actions brought in our name, actions against our directors,
officers, other employees or stockholders for breach of fiduciary duty and certain other actions may be brought only in the Court
of Chancery in the State of Delaware and, if brought outside of Delaware, the stockholder bringing the suit will, subject to certain
exceptions, be deemed to have consented to service of process on such stockholder's counsel, which may have the effect of
discouraging lawsuits against our directors, officers, other employees or stockholders.
Our amended and restated certificate of incorporation will
require, to the fullest extent permitted by law, that derivative actions brought in our name, actions against our directors, officers,
other employees or stockholders for breach of fiduciary duty and certain other actions may be brought only in the Court of Chancery
in the State of Delaware and, if brought outside of Delaware, the stockholder bringing the suit will be deemed to have consented
to service of process on such stockholder's counsel except any action (A) as to which the Court of Chancery in the State
of Delaware determines that there is an indispensable party not subject to the jurisdiction of the Court of Chancery (and the
indispensable party does not consent to the personal jurisdiction of the Court of Chancery within ten days following such determination),
(B) which is vested in the exclusive jurisdiction of a court or forum other than the Court of Chancery or (C) for which the Court
of Chancery does not have subject matter jurisdiction. Any person or entity purchasing or otherwise acquiring any interest in
shares of our capital stock shall be deemed to have notice of and consented to the forum provisions in our amended and restated
certificate of incorporation. This choice of forum provision may limit or make more costly a stockholder's ability to bring
a claim in a judicial forum that it finds favorable for disputes with us or any of our directors, officers, other employees or
stockholders, which may discourage lawsuits with respect to such claims. Alternatively, if a court were to find the choice of
forum provision contained in our amended and restated certificate of incorporation to be inapplicable or unenforceable in an action,
we may incur additional costs associated with resolving such action in other jurisdictions, which could harm our business, operating
results and financial condition.
Our amended and restated certificate of incorporation will
provide that the exclusive forum provision will be applicable to the fullest extent permitted by applicable law, subject to certain
exceptions. Section 27 of the Exchange Act creates exclusive federal jurisdiction over all suits brought to enforce any duty or
liability created by the Exchange Act or the rules and regulations thereunder. As a result, the exclusive forum provision will
not apply to suits brought to enforce any duty or liability created by the Exchange Act or any other claim for which the federal
courts have exclusive jurisdiction. In addition, our amended and restated certificate of incorporation provides that, unless we
consent in writing to the selection of an alternative forum, the federal district courts of the United States of America shall,
to the fullest extent permitted by law, be the exclusive forum for the resolution of any complaint asserting a cause of action
arising under the Securities Act of 1933, as amended, or the rules and regulations promulgated thereunder. We note, however, that
there is uncertainty as to whether a court would enforce this provision and that investors cannot waive compliance with the federal
securities laws and the rules and regulations thereunder. Section 22 of the Securities Act creates concurrent jurisdiction for
state and federal courts over all suits brought to enforce any duty or liability created by the Securities Act or the rules and
regulations thereunder.
Cyber incidents or attacks directed at us could result
in information theft, data corruption, operational disruption and/or financial loss.
We depend on digital technologies, including information systems,
infrastructure and cloud applications and services, including those of third parties with which we may deal. Sophisticated and
deliberate attacks on, or security breaches in, our systems or infrastructure, or the systems or infrastructure of third parties
or the cloud, could lead to corruption or misappropriation of our assets, proprietary information and sensitive or confidential
data. As an early stage company without significant investments in data security protection, we may not be sufficiently protected
against such occurrences. We may not have sufficient resources to adequately protect against, or to investigate and remediate
any vulnerability to, cyber incidents. It is possible that any of these occurrences, or a combination of them, could have adverse
consequences on our business and lead to financial loss.
Our search for a business combination, and any target
business with which we ultimately consummate a business combination, may be materially adversely affected by the recent coronavirus
("COVID-19") outbreak and the status of debt and equity markets.
In December 2019, a novel strain of coronavirus was reported
to have surfaced in Wuhan, China, which has and is continuing to spread throughout China and other parts of the world, including
the United States. On January 30, 2020, the World Health Organization declared the outbreak of COVID-19 a "Public Health
Emergency of International Concern." On January 31, 2020, U.S. Health and Human Services Secretary Alex M. Azar II declared
a public health emergency for the United States to aid the U.S. healthcare community in responding to COVID-19, and on March 11,
2020 the World Health Organization characterized the outbreak as a "pandemic". The COVID-19 outbreak has resulted
in, and a significant outbreak of other infectious diseases could result in, a widespread health crisis that could adversely affect
the economies and financial markets worldwide, and the business of any potential target business with which we consummate a business
combination could be materially and adversely affected. Furthermore, we may be unable to complete a business combination if continued
concerns relating to COVID-19 continue to restrict travel, limit the ability to have meetings with potential investors or the
target company's personnel, vendors and services providers are unavailable to negotiate and consummate a transaction in
a timely manner. The extent to which COVID-19 impacts our search for a business combination will depend on future developments,
which are highly uncertain and cannot be predicted, including new information which may emerge concerning the severity of COVID-19
and the actions to contain COVID-19 or treat its impact, among others. If the disruptions posed by COVID-19 or other matters of
global concern continue for an extensive period of time, our ability to consummate a business combination, or the operations of
a target business with which we ultimately consummate a business combination, may be materially adversely affected.
In addition, our ability to consummate a transaction may be
dependent on the ability to raise equity and debt financing, which may be impacted by COVID-19 and other events, including increased
market volatility, decreased market liquidity and third-party financing being unavailable on terms acceptable to us or at all.
54
If we effect our initial business combination with a
company with locations or operations or opportunities outside of the United States, we would be subject to a variety of additional
risks that may negatively impact our operations.
If we effect our initial business combination with a company
with locations or operations or opportunities outside of the United States, we would be subject to any special considerations
or risks associated with companies operating in an international setting, including any of the following:
•     higher
costs and difficulties inherent in managing cross-border business operations and complying with different commercial and
legal requirements of overseas markets;
•     rules
and regulations regarding currency redemption;
•     complex
corporate withholding taxes on individuals;
•     laws
governing the manner in which future business combinations may be effected;
•     tariffs
and trade barriers;
•     regulations
related to customs and import/export matters;
•     longer
payment cycles and challenges in collecting accounts receivable;
•     tax
issues, including, but not limited to, tax law changes and variations in tax laws as compared to the United States;
•     currency
fluctuations and exchange controls;
•     rates
of inflation;
•     cultural
and language differences;
•     employment
regulations;
•     changes
in industry, regulatory or environmental standards within the jurisdictions where we operate;
•     crime,
strikes, riots, civil disturbances, terrorist attacks, natural disasters and wars;
•     deterioration
of political relations with the United States; and
•     government
appropriations of assets.
We may not be able to adequately address these additional risks.
If we were unable to do so, our operations might suffer, which may adversely impact our results of operations and financial condition.
An investment in this offering may result in uncertain
or adverse U.S. federal income tax consequences.
An investment in this offering may result in uncertain U.S.
federal income tax consequences. For instance, because there are no authorities that directly address instruments similar to the
units we are issuing in this offering, the allocation an investor makes with respect to the purchase price of a unit between the
share of Class A common stock and the one half of one redeemable warrant to purchase one share of our Class A common stock included
in each unit could be challenged by the Internal Revenue Service or the courts. Furthermore, the U.S. federal income tax consequences
of a cashless exercise of warrants included in the units we are issuing in this offering is unclear under current law, and the
adjustment to the exercise price and/or redemption price of the warrants could give rise to dividend income to investors without
a corresponding payment of cash. Finally, it is unclear whether the redemption rights with respect to our shares of common stock
suspend the running of a U.S. holder's holding period for purposes of determining whether any gain or loss realized by such
holder on the sale or exchange of common stock is long term capital gain or loss and for determining whether any dividend we pay
would be considered "qualified dividends" for U.S. federal income tax purposes. See the section titled "U.S.
Federal Income Tax Considerations" for a summary of the material U.S. federal income tax considerations applicable to an
investment in our securities. Prospective investors are urged to consult their tax advisors with respect to these and other tax
consequences applicable to their specific circumstances when purchasing, holding or disposing of our securities.
We may be subject to an increased rate of tax on our
income if we are treated as a personal holding company.
Depending on the date and size of our initial business combination,
it is possible that we could be treated as a "personal holding company" for U.S. federal income tax purposes. A U.S.
corporation generally will be classified as a personal holding company for U.S. federal income tax purposes in a given taxable
year if more than 50% of its ownership (by value) is concentrated, within a certain period of time, in five or fewer individuals
(without regard to their citizenship or residency and including as individuals for this purpose certain entities such as certain
tax-exempt organizations, pension funds, and charitable trusts), and at least 60% of its income is comprised of certain passive
items. See the section titled "U.S. Federal Tax Considerations — Personal Holding Company Status" for more detailed
information.
Business combinations with companies in the convenience
store industry entail special considerations and risks.
Business combinations with convenience stores and businesses
related to the convenience store business entail special considerations and risks. If we are successful in completing a business
combination with such a target business, we will be subject to, and possibly adversely affected by, the following risks:
·
Pandemics
                                         or disease outbreaks such as COVID-19 have, and may continue to have, adverse impacts
                                         on the convenience store industry.
·
In
                                         addition, the general economic and other impacts related to responsive actions taken
                                         by governments and others to mitigate the spread of COVID-19, including but not limited
                                         to "stay-at-home," "shelter-in-place" and other travel restrictions,
                                         social distancing requirements, limitations on certain businesses' hours and operations,
                                         limits on public gatherings and other events, and restrictions on how certain products
                                         can be sold, have, and may continue to, result in declines in store traffic and overall
                                         demand, increased operating costs, and potentially reduced unit growth.
·
The
                                         convenience store and retail fuel industries are highly competitive and often characterized
                                         by ease of entry and constant change in the number and type of retailers offering convenience
                                         store/retail fuel products and services.
·
Industry
                                         profitability is significantly affected by changes in retail fuel margins.
·
In
                                         addition, the supply of fuel and wholesale purchase costs could be adversely affected
                                         in the event of a shortage, which could result from, among other things, lack of capacity
                                         at United States oil refineries and an interrupted supply of fuel.
·
Technological
                                         advances and consumer behavior in reducing fuel use and governmental mandates to improve
                                         fuel efficiency could lessen the demand for petroleum-based motor fuel, which may have
                                         a material adverse effect on the business, financial condition, and results of operation.
·
A
                                         significant percentage of industry sales are made with the use of credit cards. Because
                                         the interchange fees paid when credit cards are used to make purchases are based on transaction
                                         amounts, higher fuel prices at the pump and higher gallon movement result in higher credit
                                         card expenses.
·
Current
                                         economic conditions, including those resulting from the COVID-19 pandemic, higher interest
                                         rates, higher fuel and other energy costs, inflation, increases or fluctuations in commodity
                                         prices such as cheese and coffee, higher levels of unemployment, higher consumer debt
                                         levels and lower consumer discretionary spending, higher tax rates and other changes
                                         in tax laws or other economic factors may affect input costs and consumer spending or
                                         buying habits, and could adversely affect the costs of the products sold in convenience
                                         stores and the consumer demand for such products.
·
Sales
                                         of tobacco products have historically accounted for an important portion of the total
                                         sales of convenience store merchandise. Significant increases in wholesale cigarette
                                         costs and tax increases on tobacco products, as well as future legislation and national
                                         and local campaigns to discourage smoking in the United States, may have an adverse effect
                                         on the demand for tobacco products, and therefore reduce revenues and profits.
·
Retail
                                         convenience store operations are subject to extensive local, state and federal governmental
                                         laws and regulations relating to, among other things, the sale of alcohol, tobacco, lottery
                                         and lotto, employment conditions, including minimum wage requirements, and public accessibility
                                         requirements.
·
In
                                         the normal course of business as a gasoline and merchandise retailer, convenience store
                                         operators obtain large amounts of personal data, including credit and debit card information
                                         from customers. A breakdown or a breach in systems that results in the unauthorized release
                                         of individually identifiable customer or other sensitive data could occur and have a
                                         material adverse effect on the operator's reputation, operating results and financial
                                         condition.
·
Depending
                                         on the regions of operations, convenience store operators may be susceptible to tornadoes,
                                         hurricanes, thunderstorms, extended periods of rain or unseasonably cold temperatures,
                                         flooding, ice storms, and heavy snow. Inclement weather conditions could damage facilities
                                         or could have a significant impact on consumer behavior, travel, and convenience store
                                         traffic patterns as well as ability to operate convenience store locations.
·
Because
                                         convenience store operators depend on their management's and other team members'
                                         experience and knowledge of the industry, business could be adversely affected if there
                                         is employee attrition, or if there is difficulty in recruiting and retaining any such
                                         team members.
Any of the foregoing could have an adverse impact
on our operations following a business combination. However, our efforts in identifying prospective target businesses will not
be limited to the convenience store industry. Accordingly, if we acquire a target business in another industry, these risks we
will be subject to risks attendant with the specific industry in which we operate or target business which we acquire, which may
or may not be different than those risks listed above.
55
CAUTIONARY NOTE
REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this prospectus may constitute "forward-looking statements"
for purposes of the federal securities laws. Our forward-looking statements include, but are not limited to, statements regarding
our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any
statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying
assumptions, are forward-looking statements. The words "anticipate," "believe," "continue,"
 "could," "estimate," "expect," "intend," "may," "might,"
 "plan," "possible," "potential," "predict," "project," "should,"
 "would" and similar expressions may identify forward-looking statements, but the absence of these words does
not mean that a statement is not forward-looking. Forward-looking statements in this prospectus may include, for example,
statements about:
•     our
ability to select an appropriate target business or businesses;
•     our
ability to complete our initial business combination;
•     our
expectations around the performance of the prospective target business or businesses;
•     our
success in retaining or recruiting, or changes required in, our officers, key employees or directors following our initial business
combination;
•     our
officers and directors allocating their time to other businesses and potentially having conflicts of interest with our business
or in approving our initial business combination;
•     our
potential ability to obtain additional financing to complete our initial business combination;
•     our
pool of prospective target businesses;
•     the
ability of our officers and directors to generate a number of potential acquisition opportunities;
•     our
public securities' potential liquidity and trading;
•     the
lack of a market for our securities;
•     the
use of proceeds not held in the trust account or available to us from interest income on the trust account balance;
•     the
trust account not being subject to claims of third parties; or
•     our
financial performance following this offering.
The forward-looking statements contained in this prospectus
are based on our current expectations and beliefs concerning future developments and their potential effects on us. There can
be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements
involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results
or performance to be materially different from those expressed or implied by these forward-looking statements. These risks
and uncertainties include, but are not limited to, those factors described under the section of this prospectus entitled "Risk
Factors" beginning on page 27. Should one or more of these risks or uncertainties materialize, or should any of our assumptions
prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We
undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required under applicable securities laws.
56
USE OF PROCEEDS
We are offering 20,000,000 units at an offering price of $10.00
per unit. We estimate that the net proceeds of this offering together with the funds we will receive from the sale of the private
placement warrants will be used as set forth in the following table.
Without
Over-Allotment
Option
Over-Allotment
Option Fully
Exercised
Gross
    proceeds
Gross
    proceeds from units offered to public
(1)
$
200,000,000
$
230,000,000
Gross
    proceeds from private placement warrants offered in the private placement
5,750,000
6,350,000
Total
    gross proceeds
$
205,750,000
$
236,350,000
Offering
    expenses
(2)
Underwriting
    commissions (2% of gross proceeds from units offered to public, excluding deferred portion)
(3)
$
4,000,000
$
4,600,000
Legal fees
    and expenses
250,000
250,000
Accounting
    fees and expenses
32,500
32,500
SEC/FINRA Expenses
64,854
64,854
Travel and
    road show
25,000
25,000
Nasdaq listing
    and filing fees
5,000
5,000
Director and
    Officer liability insurance premiums
125,000
125,000
Printing and
    engraving expenses
35,000
35,000
Miscellaneous
212,646
212,646
Total offering
    expenses (excluding underwriting commissions)
$
750,000
$
750,000
Proceeds
    after offering expenses
$
201,000,000
$
231,000,000
Held
    in trust account
(3)
$
200,000,000
$
230,000,000
% of public
    offering size
100
%
100
%
Not
    held in trust account
$
1,000,000
$
1,000,000
The following table shows the estimated use of the approximately
$1,000,000 of net proceeds not held in the trust account.
(4)
Amount
% of Total
Legal,
    accounting, due diligence, travel, and other expenses in connection with any business combination
(5)
$
425,000
42.5
%
Legal and accounting
    fees related to regulatory reporting obligations
150,000
15.0
%
NASDAQ continued
    listing fees
75,000
7.5
%
Payment for
    office space, utilities and secretarial and administrative support ($10,000 per month for up to 24 months)
240,000
24.0
%
Working
    capital to cover miscellaneous expenses (including taxes)
110,000
11.0
%
Total
$
1,000,000
100.0
%
(1)      Includes
amounts payable to public stockholders who properly redeem their shares in connection with our successful completion of our initial
business combination. Includes gross proceeds from this offering of $200,000,000 (or $230,000,000 if the underwriters' overallotment
option is exercised in full).
(2)     A
portion of the offering expenses will be paid from the proceeds of loans from our sponsor of up to an aggregate of $300,000 as
described in this prospectus. As of July 22, 2020, we had borrowed $38,878 (of up to $300,000 available to us) under the promissory
notes with our sponsor to be used for a portion of the expenses of this offering. These amounts will be repaid upon completion
of this offering out of the offering proceeds that has been allocated for the payment of offering expenses (other than underwriting
commissions). In the event that offering expenses are more than as set forth in this table, they will be repaid using a portion
of the $1,000,000 of offering proceeds not held in the trust account and set aside for post-closing working capital expenses.
In the event that offering expenses are less than set forth in this table, any such amounts will be used for post-closing working
capital expenses.
57
(3)     The
underwriters have agreed to defer underwriting commissions equal to 3.5% of the gross proceeds of this offering. Upon completion
of our initial business combination, $7,000,000, which constitutes the underwriter's deferred commissions (or $8,050,000
if the underwriters' over-allotment option is exercised in full) will be paid to the underwriters from the funds held
in the trust account, and the remaining funds, less amounts released to the trustee to pay redeeming stockholders, will be released
to us and can be used to pay all or a portion of the purchase price of the business or businesses with which our initial business
combination occurs or for general corporate purposes, including payment of principal or interest on indebtedness incurred in connection
with our initial business combination, to fund the purchases of other companies or for working capital. The underwriters will
not be entitled to any interest accrued on the deferred underwriting discounts and commissions.
(4)     These
expenses are estimates only and do not include interest which may be available to us from the trust account. Our actual expenditures
for some or all of these items may differ from the estimates set forth herein. For example, we may incur greater legal and accounting
expenses than our current estimates in connection with negotiating and structuring our initial business combination based upon
the level of complexity of such business combination. In the event we identify an initial business combination target in a specific
industry subject to specific regulations, we may incur additional expenses associated with legal due diligence and the engagement
of special legal counsel. In addition, our staffing needs may vary and as a result, we may engage a number of consultants to assist
with legal and financial due diligence. We do not anticipate any change in our intended use of proceeds, other than fluctuations
among the current categories of allocated expenses, which fluctuations, to the extent they exceed current estimates for any specific
category of expenses, would not be available for our expenses.
(5)     Includes
estimated amounts that may also be used in connection with our initial business combination to fund a "no shop" provision
and commitment fees for financing.
We may increase or decrease the total number of units sold
to the public in this offering. If we decide to proceed with an offering that results in an increase in the total number of units
sold to the public, we would have additional proceeds from the offering available to pursue an acquisition. If we proceed with
an offering that results in a decrease in the total number of shares sold to the public, we would have reduced proceeds from the
offering available to pursue an acquisition. Such an increase or decrease may impact the size of the initial business combination
we may pursue. In addition, the proceeds held in trust would correspondingly increase or decrease such that 100% of the gross
proceeds from this offering will be held in trust. The underwriter's option to purchase additional units to cover over-allotments and
the amount of private placement warrants that our sponsor will purchase will correspondingly increase or decrease. We would issue
additional founder shares in the event we increase the total number of units sold in this offering and our sponsor would forfeit
founder shares it holds in the event we decrease the total number of units sold in this offering so that the number of shares
of Class A common stock issuable upon conversion of all shares of Class B common stock will equal, in the aggregate,
on an as-converted basis, 20% of the sum of the total number of all shares of common stock outstanding upon completion
of this offering the total number of shares of Class A common stock issued, or deemed issued or issuable upon conversion or exercise
of any equity-linked securities or rights issued or deemed issued, by the Company in connection with or in relation to the
consummation of the initial business combination, excluding any shares of Class A common stock or equity-linked securities
exercisable for or convertible into shares of Class A common stock issued, or to be issued, to any seller in the initial business
combination and any private placement-equivalent warrants issued to our sponsor, officers or directors upon conversion of
working capital loans.
Of the net proceeds of this offering and the sale of the private
placement warrants, $200,000,000 (or $230,000,000 if the underwriters' over-allotment option is exercised in full),
including $7,000,000 (or $8,050,000 if the underwriters' over-allotment option is exercised in full) of deferred underwriting
commissions, will be placed in a trust account in the United States at J.P. Morgan Chase Bank, N.A., with Continental Stock Transfer
 & Trust Company acting as trustee, and will be invested only in U.S. government treasury bills with a maturity of 185 days
or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act, which invest
only in direct U.S. government treasury obligations. We estimate that the interest earned on the trust account will be approximately
$200,000 per year, assuming an interest rate of 0.1% per year; however, we can provide no assurance regarding this amount. Except
with respect to interest earned on the funds held in the trust account that may be released to us to pay our tax obligations,
the proceeds from this offering and the sale of the private placement warrants will not be released from the trust account until
the earliest to occur of: (a) the completion of our initial business combination, (b) the redemption of any public shares properly
submitted in connection with a stockholder vote to amend our amended and restated certificate of incorporation to (i) modify the
substance or timing of our obligation to provide for the redemption of our public shares in connection with an initial business
combination or to redeem 100% of our public shares if we do not complete our initial business combination within 24 months
from the closing of this offering or (ii) with respect to any other material provisions relating to stockholders' rights
or pre-initial business combination activity, and (c) the redemption of our public shares if we are unable to complete our
initial business combination within 24 months from the closing of this offering, subject to applicable law.
58
The net proceeds released to us from the trust account upon
the closing of our initial business combination may be used as consideration to pay the sellers of a target business with which
we complete our initial business combination. If our initial business combination is paid for using equity or debt securities,
or not all of the funds released from the trust account are used for payment of the consideration in connection with our initial
business combination or used for redemption of our public shares, we may use the balance of the cash released from the trust account
following the closing for general corporate purposes, including for maintenance or expansion of operations of the post-transaction company,
the payment of principal or interest due on indebtedness incurred in completing our initial business combination, to fund the
purchase of other companies or for working capital. There is no limitation on our ability to raise funds through the issuance
of equity-linked securities or through loans, advances or other indebtedness in connection with our initial business combination,
including pursuant to forward purchase agreements or backstop arrangements we may enter into following consummation of this offering.
However, our amended and restated certificate of incorporation will provide that, following this offering and prior to the consummation
of our initial business combination, we will be prohibited from issuing additional securities that would entitle the holders thereof
to (i) receive funds from the trust account or (ii) vote as a class with our public shares (a) on any initial business combination
or (b) to approve an amendment to our amended and restated certificate of incorporation to (x) extend the time we have to consummate
a business combination beyond 24 months from the closing of this offering or (y) amend the foregoing provisions, unless (in
connection with any such amendment to our amended and restated certificate of incorporation) we offer our public stockholders
the opportunity to redeem their public shares.
We believe that amounts not held in trust will be sufficient
to pay the costs and expenses to which such proceeds are allocated. This belief is based on the fact that while we may begin preliminary
due diligence of a target business in connection with an indication of interest, we intend to undertake in-depth due diligence,
depending on the circumstances of the relevant prospective business combination, only after we have negotiated and signed a letter
of intent or other preliminary agreement that addresses the terms of an initial business combination. However, if our estimate
of the costs of undertaking in-depth due diligence and negotiating an initial business combination is less than the actual
amount necessary to do so, we may be required to raise additional capital, the amount, availability and cost of which is currently
unascertainable. If we are required to seek additional capital, we could seek such additional capital through loans or additional
investments from our sponsor, members of our management team or their affiliates, but such persons are not under any obligation
to advance funds to, or invest in, us.
Commencing on the date of this prospectus, we have agreed to
pay our sponsor a total of $10,000 per month for office space, utilities and secretarial and administrative support.
Upon completion of our initial business combination or our liquidation, we will cease paying these monthly fees.
Prior to the closing of this offering, our sponsor has agreed
to loan us up to an aggregate of $300,000 to be used for a portion of the expenses of this offering. As of July 22, 2020, we had
borrowed $38,878 under the promissory notes with our sponsor to be used for a portion of the expenses of this offering. These
loans are non-interest bearing, unsecured and are due at the earlier of December 31, 2020 or the closing of this offering.
The loan will be repaid upon the closing of this offering out of offering proceeds not held in the trust account.
In addition, in order to finance transaction costs in connection
with an intended initial business combination, our sponsor or an affiliate of our sponsor or certain of our officers and directors
may, but are not obligated to, loan us funds as may be required. If we complete our initial business combination, we would repay
such loaned amounts out of the proceeds of the trust account released to us. Otherwise, such loans would be repaid only out of
funds held outside the trust account. In the event that our initial business combination does not close, we may use a portion
of the working capital held outside the trust account to repay such loaned amounts but no proceeds from our trust account would
be used to repay such loaned amounts. Up to $1,500,000 of such loans may be convertible into warrants, at a price of $1.00 per
warrant at the option of the lender. The warrants would be identical to the private placement warrants, including as to exercise
price, exercisability and exercise period. The terms of such loans by our officers and directors, if any, have not been determined
and no written agreements exist with respect to such loans. We do not expect to seek loans from parties other than our sponsor
or an affiliate of our sponsor as we do not believe third parties will be willing to loan such funds and provide a waiver against
any and all rights to seek access to funds in our trust account.
We will only redeem our public shares so long as (after such
redemption) our net tangible assets will be at least $5,000,001 either immediately prior to or upon consummation of our initial
business combination and after payment of deferred underwriters' fees and commissions (so that we are not subject to the
SEC's "penny stock" rules) and the agreement for our initial business combination may require as a closing condition
that we have a minimum net worth or a certain amount of cash. If too many public stockholders exercise their redemption rights
so that we cannot satisfy the net tangible asset requirement or any net worth or cash requirements, we would not proceed with
the redemption of our public shares or the initial business combination, and instead may search for an alternate business combination.
59
A public stockholder will be entitled to receive funds from
the trust account only upon the earliest to occur of: (i) our completion of an initial business combination, (ii) the redemption
of any public shares properly submitted in connection with a stockholder vote to amend our amended and restated certificate of
incorporation to (A) modify the substance or timing of our obligation to provide for the redemption of our public shares in connection
with an initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination
within 24 months from the closing of this offering or (B) with respect to any other material provisions relating to stockholders'
rights or pre-initial business combination activity, and (iii) the redemption of our public shares if we are unable to complete
our initial business combination within 24 months following the closing of this offering, subject to applicable law and as
further described herein and any limitations (including, but not limited to, cash requirements) created by the terms of the proposed
initial business combination. In no other circumstances will a public stockholder have any right or interest of any kind to or
in the trust account.
Our sponsor, officers and directors have entered into a letter
agreement with us, pursuant to which they have agreed to waive their redemption rights with respect to any founder shares and
any public shares held by them in connection with the completion of our initial business combination. In addition, our initial
stockholders have agreed to waive their rights to liquidating distributions from the trust account with respect to any founder
shares held by them if we fail to complete our initial business combination within the prescribed time frame. However, if our
sponsor or any of our officers, directors or affiliates acquires public shares in or after this offering, they will be entitled
to liquidating distributions from the trust account with respect to such public shares if we fail to complete our initial business
combination within the prescribed time frame.
DIVIDEND POLICY
We have not paid any cash dividends on our common stock to
date and do not intend to pay cash dividends prior to the completion of our initial business combination. The payment of cash
dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition
subsequent to completion of our initial business combination. The payment of any cash dividends subsequent to our initial business
combination will be within the discretion of our board of directors at such time. If we increase or decrease the size of the offering
we will effect a stock dividend or a share contribution back to capital or other appropriate mechanism, as applicable, with respect
to our Class B common stock immediately prior to the consummation of the offering in such amount as to maintain the ownership
of our initial stockholders at 20% of the issued and outstanding shares of our common stock upon the consummation of this offering.
Further, if we incur any indebtedness in connection with our initial business combination, our ability to declare dividends may
be limited by restrictive covenants we may agree to in connection therewith.
60
DILUTION
The difference between the public offering price per share
of Class A common stock, assuming no value is attributed to the warrants included in the units we are offering pursuant to this
prospectus or the private placement warrants, and the pro forma net tangible book value per share of our Class A common stock
after this offering constitutes the dilution to investors in this offering. Such calculation does not reflect any dilution associated
with the sale and exercise of warrants, including the private placement warrants, which would cause the actual dilution to the
public stockholders to be higher, particularly where a cashless exercise is utilized. Net tangible book value per share is determined
by dividing our net tangible book value, which is our total tangible assets less total liabilities (including the value of Class
A common stock which may be redeemed for cash), by the number of outstanding shares of our Class A common stock.
At July 22, 2020, our net tangible book value was $(18,378),
or approximately $(0.00) per share of common stock. After giving effect to the sale of 20,000,000 shares of Class A common stock
included in the units we are offering by this prospectus (or 23,000,000 shares of Class A common stock if the underwriters'
over-allotment option is exercised in full), the sale of the private placement warrants and the deduction of underwriting commissions
and estimated expenses of this offering, our pro forma net tangible book value at July 22, 2020 would have been $5,000,002, or
approximately $0.82 per share (or $0.72 per share if the underwriters' over-allotment option is exercised in full), representing
an immediate increase in net tangible book value (as decreased by the value of the approximately 18,902,412 shares of Class A
common stock that may be redeemed for cash, or 21,797,412 shares of Class A common stock if the underwriters' over-allotment
option is exercised in full) of $0.82 per share (or $0.72 per share if the underwriters' over-allotment option is exercised
in full) to our initial stockholders as of the date of this prospectus and immediate dilution to public stockholders from this
offering will be $9.18 per share (or $9.28 if the underwriters' over-allotment option is exercised in full).
The following table illustrates the dilution to the public
stockholders on a per-share basis, assuming no value is attributed to the warrants included in the units or the private placement
warrants:
No
    exercise of
over-allotment
option
Exercise of
over-allotment
option in full
Public offering price
$
10.00
$
10.00
Net tangible book value before this offering
$
(0.00
)
$
(0.00
)
Increase attributable to public
    stockholders and sale of the private placement warrants
$
0.82
$
0.72
Pro forma net tangible book value
    after this offering
$
0.82
$
0.72
Dilution to public stockholders
$
9.18
$
9.28
Percentage of dilution to public stockholders
91.8
%
92.8
%
For purposes of presentation, we have reduced
our pro forma net tangible book value after this offering (assuming no exercise of the underwriters' over-allotment option)
by $189,024,120 because holders of up to approximately 94.5% of our public shares may redeem their shares for a
pro rata
share
of the aggregate amount then on deposit in the trust account at a per share redemption price equal to the amount in the trust
account as set forth in our tender offer or proxy materials (initially anticipated to be the aggregate amount held in trust two
days prior to the commencement of our tender offer or stockholders' meeting, including interest earned on the funds held
in the trust account and not previously released to us to pay our taxes), divided by the number of shares of Class A common stock
sold in this offering.
61
The following table sets forth information with respect to
our initial stockholders and the public stockholders:
Shares
    Purchased
Total
    Consideration
Average
Number
Percentage
Amount
Percentage
Price
Per Share
Initial
    Stockholders
(1)
5,000,000
20.000
%
$
25,000
0.012
%
$
0.005
Public Stockholders
20,000,000
80.000
%
200,000,000
99.988
%
$
10.000
25,000000
100.000
%
$
200,025,000
100.00
%
(1)     Assumes
no exercise of the underwriters' over-allotment option and the corresponding forfeiture of an aggregate of 750,000 shares
of Class B common stock held by our sponsor and conversion of Class B common stock into Class A common stock on a one for-one basis.
The dilution to public stockholders would increase to the extent that the anti-dilution provisions of the Class B common
shares result in the issuance of Class A common shares on a greater than one-to-one basis upon such conversion.
The pro forma net tangible book value per share after this
offering is calculated as follows:
Without
Over-allotment
With
Over-allotment
Numerator:
Net tangible book value before this offering
$
(18,378
)
$
(18,378
)
Plus: Offering costs paid in advance, excluded from
    tangible book value before this offering
42,500
42,500
Net
    proceeds from this offering and sale of the private placement warrants, net of expenses
(1)
201,000,000
231,000,000
Less: Deferred underwriting commissions
(7,000,000
)
(8,050,000
)
Less:
    Proceeds held in trust subject to redemption to maintain net tangible assets of $5,000,001
(2)
(189,024,120
)
(217,974,120
)
$
5,000,002
$
5,000,002
Without
Over-allotment
With
Over-allotment
Denominator:
Shares of Class B common stock outstanding
    prior to this offering
5,750,000
5,750,000
Shares of Class B common stock forfeited if over-allotment
    is not exercised
(750,000
)
—
Shares of Class A common stock included in the units
    offered
20,000,000
23,000,000
Less: Shares subject to redemption
(18,902,412
)
(21,797,412
)
6,097,588
6,952,588
(1)     Expenses
applied against gross proceeds include offering expenses of $750,000 and underwriting commissions of $4,000,000 (or $4,600,000
if the underwriters' over-allotment option is exercised in full) (excluding deferred underwriting fees). See "Use
of Proceeds."
(2)     If
we seek stockholder approval of our initial business combination and we do not conduct redemptions in connection with our initial
business combination pursuant to the tender offer rules, our sponsor, initial stockholders, directors, executive officers, advisors
or their affiliates may purchase shares or public warrants' in privately-negotiated transactions or in the open market,
either prior to or following the completion of our initial business combination. In the event of any such purchases of our shares
prior to the completion of our initial business combination, the number of shares of Class A common stock subject to redemption
will be reduced by the amount of any such purchases, increasing the pro forma net tangible book value per share. See "Proposed
Business — Effecting Our Initial Business Combination" and "Proposed Business — Permitted Purchases of
Our Securities."
62
CAPITALIZATION
The following table sets forth our capitalization at July 22,
2020, and as adjusted to give effect to the sale of our units in this offering and the sale of the private placement warrants
and the application of the estimated net proceeds derived from the sale of such securities, assuming no exercise by the underwriters
of its over-allotment option:
July
    22, 2020
Actual
As
    Adjusted
Promissory note – related party
$
38,878
$
—
Deferred underwriting commissions
—
7,000,000
Class
    A common stock, $0.0001 par value, 100,000,000 shares authorized; -0- and 18,902,412 shares are subject to possible redemption,
    actual and as adjusted, respectively
(2)(3)
—
189,024,120
Preferred
    stock, $0.0001 par value, 1,000,000 shares authorized; none issued and outstanding, actual and as adjusted
—
—
Class
    A common stock, $0.0001 par value, 100,000,000 shares authorized, -0- and 1,097,588 shares issued and outstanding (excluding-0-
    and 18,902,412 shares subject to redemption), actual and adjusted, respectively
—
110
Class
    B common stock, $0.0001 par value, 10,000,000 shares authorized, 5,750,000 and 5,000,000 shares issued and outstanding, actual
    and as adjusted, respectively
(3)
575
500
Additional paid-in capital
24,425
5,000,270
Accumulated deficit
(878
)
(878
)
Total stockholders' equity
24,122
5,000,002
Total capitalization
$
63,000
$
201,024,122
(1)     Our
sponsor has agreed to loan us up to an aggregate of $300,000 to be used for a portion of the expenses of this offering. The "as
adjusted" information gives effect to the repayment of any loans made under this note out of the proceeds from this offering
and the sale of the private placement warrants. As of July 22, 2020, we had borrowed $38,878 under the promissory notes with our
sponsor to be used for a portion of the expenses of this offering.
(2)     Upon
the completion of our initial business combination, we will provide our public stockholders with the opportunity to redeem their
public shares for cash equal to their
pro rata
share of the aggregate amount then on deposit in the trust
account as of two business days prior to the consummation of the initial business combination, including interest earned on the
funds held in the trust account and not previously released to us to pay our taxes, subject to the limitations described herein
whereby our net tangible assets will be maintained at a minimum of $5,000,001 either immediately prior to or upon consummation
of our initial business combination and any limitations (including, but not limited to, cash requirements) created by the terms
of the proposed initial business combination.
(3)     Actual
share amount is prior to any forfeiture of founder shares by our sponsor and as adjusted amount assumes no exercise of the underwriters'
over-allotment option.
63
MANAGEMENT'S
DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS
Overview
We are a blank check company whose business purpose is to effect
a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or
more businesses. We have not selected any specific business combination target and we have not, nor has anyone on our behalf,
initiated any substantive discussions, directly or indirectly, with any business combination target with respect to an initial
business combination with us. We intend to effectuate our initial business combination using cash from the proceeds of this offering
and the private placement of the private placement warrants, the proceeds of the sale of our shares in connection with our initial
business combination (pursuant to forward purchase agreements or backstop agreements we may enter into following the consummation
of this offering or otherwise), 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.
The issuance of additional shares in connection with an initial
business combination to the owners of the target or other investors:
•     may
significantly dilute the equity interest of investors in this offering, which dilution would increase if the anti-dilution provisions in
the Class B common stock resulted in the issuance of Class A shares on a greater than one-to-one basis upon conversion
of the Class B common stock;
•     may
subordinate the rights of holders of our common stock if preferred stock is issued with rights senior to those afforded our common
stock;
•     could
cause a change in control if a substantial number of shares of our common stock is issued, which may affect, among other things,
our ability to use our net operating loss carry forwards, if any, and could result in the resignation or removal of our present
officers and directors;
•     may
have the effect of delaying or preventing a change of control of us by diluting the stock ownership or voting rights of a person
seeking to obtain control of us; and
•     may
adversely affect prevailing market prices for our Class A common stock and/or warrants.
Similarly, if we issue debt securities or otherwise incur significant
debt to bank or other lenders or the owners of a target, it could result in:
•     default
and foreclosure on our assets if our operating revenues after an initial business combination are insufficient to repay our debt
obligations;
•     acceleration
of our obligations to repay the indebtedness even if we make all principal and interest payments when due if we breach certain
covenants that require the maintenance of certain financial ratios or reserves without a waiver or renegotiation of that covenant;
•     our
immediate payment of all principal and accrued interest, if any, if the debt is payable on demand;
•     our
inability to obtain necessary additional financing if the debt contains covenants restricting our ability to obtain such financing
while the debt is outstanding;
•     our
inability to pay dividends on our common stock;
•     using
a substantial portion of our cash flow to pay principal and interest on our debt, which will reduce the funds available for dividends
on our common stock if declared, our ability to pay expenses, make capital expenditures and acquisitions, and fund other general
corporate purposes;
•     limitations
on our flexibility in planning for and reacting to changes in our business and in the industry in which we operate;
•     increased
vulnerability to adverse changes in general economic, industry and competitive conditions and adverse changes in government regulation;
•     limitations
on our ability to borrow additional amounts for expenses, capital expenditures, acquisitions, debt service requirements, and execution
of our strategy; and
•     other
purposes and other disadvantages compared to our competitors who have less debt.
64
As indicated in the accompanying financial statements, at July
22, 2020, we had $25,500 of cash, and will rely on loans from our sponsor for operating costs until the close of this offering.
Further, we expect to incur significant costs in the pursuit of our initial business combination plans. We cannot assure you that
our plans to raise capital or to complete our initial business combination will be successful.
Results of Operations and Known Trends or Future Events
We have neither engaged in any operations nor generated any
revenues to date. Our only activities since inception have been organizational activities and those necessary to prepare for this
offering. Following this offering, we will not generate any operating revenues until after completion of our initial business
combination. We will generate non-operating income in the form of interest income on cash and cash equivalents after this
offering. There has been no significant change in our financial or trading position and no material adverse change has occurred
since the date of our audited financial statements. After this offering, we expect to incur increased expenses as a result of
being a public company (for legal, financial reporting, accounting and auditing compliance), as well as expenses as we conduct
due diligence on prospective business combination candidates. We expect our expenses to increase substantially after the closing
of this offering.
Liquidity and Capital Resources
Our liquidity needs will be satisfied prior to the completion
of this offering through up to an aggregate of $300,000 in loans available from our sponsor under unsecured promissory notes.
As of July 22, 2020, we had borrowed $38,878 under such promissory notes. We estimate that the net proceeds from (i) the sale
of the units in this offering, after deducting offering expenses of approximately $750,000, underwriting commissions of $4,000,000
($4,600,000 if the underwriters' over-allotment option is exercised in full) (excluding deferred underwriting commissions
of $7,000,000 (or $8,050,000 if the underwriters' over-allotment option is exercised in full)), and (ii) the sale of
the private placement warrants for a purchase price of $5,750,000 (or $6,350,000 if the over-allotment option is exercised
in full), will be $201,000,000 (or $231,000,000 if the underwriters' over-allotment option is exercised in full). Of
this amount, $200,000,000 (or $230,000,000 if the underwriters' over-allotment option is exercised in full) will be
held in the trust account, which includes $7,000,000 (or $8,050,000 if the underwriters' over-allotment option is exercised
in full) of deferred underwriting commissions. The proceeds held in the trust account will be invested only in U.S. government
treasury obligations with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under
the Investment Company Act, which invest only in direct U.S. government treasury obligations. The remaining approximately $1,000,000
will not be held in the trust account. In the event that our offering expenses exceed our estimate of $750,000, we may fund such
excess with funds not to be held in the trust account. In such case, the amount of funds we intend to be held outside the trust
account would decrease by a corresponding amount. Conversely, in the event that the offering expenses are less than our estimate
of $750,000, the amount of funds we intend to be held outside the trust account would increase by a corresponding amount.
We intend to use substantially all of the funds held in the
trust account, including any amounts representing interest earned on the trust account (less taxes paid and deferred underwriting
commissions) to complete our initial business combination. We may withdraw interest to pay taxes. We estimate our annual franchise
tax obligations, based on the number of shares of our common stock authorized and outstanding after the completion of this offering,
to be $200,000, which is the maximum amount of annual franchise taxes payable by us as a Delaware corporation per annum, which
we may pay from funds from this offering held outside of the trust account or from interest earned on the funds held in our trust
account and released to us for this purpose. Our annual income tax obligations will depend on the amount of interest and other
income earned on the amounts held in the trust account. We expect the interest earned on the amount in the trust account will
be sufficient to pay our income taxes. To the extent that our capital stock or debt is used, in whole or in part, as consideration
to complete our initial business combination, the remaining proceeds held in the trust account will be used as working capital
to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.
65
Prior to the completion of our initial business combination,
we will have available to us the approximately $1,000,000 of proceeds held outside the trust account. We will use these funds
to, among other expenditures described herein, identify and evaluate target businesses, perform business due diligence on prospective
target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives
or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete
an initial business combination.
In order to fund working capital deficiencies or finance transaction
costs in connection with an intended initial business combination, our sponsor or an affiliate of our sponsor or certain of our
officers and directors may, but are not obligated to, loan us funds as may be required. If we complete our initial business combination,
we would repay such loaned amounts. In the event that our initial business combination does not close, we may use a portion of
the working capital held outside the trust account to repay such loaned amounts, but no proceeds from our trust account would
be used for such repayment. Up to $1,500,000 of such loans may be convertible into warrants, at a price of $1.00 per warrant at
the option of the lender. The warrants would be identical to the private placement warrants, including as to exercise price, exercisability
and exercise period. The terms of such loans by our sponsor, officers and directors, if any, have not been determined and no written
agreements exist with respect to such loans. We do not expect to seek loans from parties other than our sponsor or an affiliate
of our sponsor as we do not believe third parties will be willing to loan such funds and provide a waiver against any and all
rights to seek access to funds in our trust account.
We expect our primary liquidity requirements during that period
to include approximately $425,000 for legal, accounting, due diligence, travel and other expenses associated with structuring,
negotiating and documenting successful business combinations; $150,000 for legal and accounting fees related to regulatory reporting
requirements; $75,000 for Nasdaq continued listing fees; $240,000 for office space, utilities and secretarial and administrative
support; and approximately $110,000 for working capital that will be used for miscellaneous expenses and reserves.
These amounts are estimates and may differ materially from
our actual expenses. In addition, we could use a portion of the funds not being placed in trust to pay commitment fees for financing,
fees to consultants to assist us with our search for a target business or as a down payment or to fund a "no-shop"
provision (a provision designed to keep target businesses from "shopping" around for transactions with other companies
or investors on terms more favorable to such target businesses) with respect to a particular proposed initial business combination,
although we do not have any current intention to do so.
If we entered into an agreement where we paid for the right
to receive exclusivity from a target business, the amount that would be used as a down payment or to fund a "no-shop"
provision would be determined based on the terms of the specific business combination and the amount of our available funds at
the time. Our forfeiture of such funds (whether as a result of our breach or otherwise) could result in our not having sufficient
funds to continue searching for, or conducting due diligence with respect to, prospective target businesses.
We do not believe we will need to raise additional funds following
this offering in order to meet the expenditures required for operating our business. However, if our estimates of the costs of
identifying a target business, undertaking in-depth due diligence and negotiating an initial business combination are less
than the actual amount necessary to do so, we may have insufficient funds available to operate our business prior to our initial
business combination. Moreover, we may need to obtain additional financing either to complete our initial business combination
or because we become obligated to redeem a significant number of our public shares upon completion of our initial business combination,
in which case we may issue additional securities or incur debt in connection with such business combination. In addition, we intend
to target businesses with enterprise values that are greater than we could acquire with the net proceeds of this offering and
the sale of the private placement warrants, and, as a result, if the cash portion of the purchase price exceeds the amount available
from the trust account, net of amounts needed to satisfy any redemptions by public stockholders, we may be required to seek additional
financing to complete such proposed initial business combination. We may also obtain financing prior to the closing of our initial
business combination to fund our working capital needs and transaction costs in connection with our search for and completion
of our initial business combination. There is no limitation on our ability to raise funds through the issuance of equity or equity-linked securities
or through loans, advances or other indebtedness in connection with our initial business combination, including pursuant to forward
purchase agreements or backstop agreements we may enter into following consummation of this offering. Subject to compliance with
applicable securities laws, we would only complete such financing simultaneously with the completion of our initial business combination.
If we are unable to complete our initial business combination because we do not have sufficient funds available to us, we will
be forced to cease operations and liquidate the trust account. In addition, following our initial business combination, if cash
on hand is insufficient, we may need to obtain additional financing in order to meet our obligations. Our amended and restated
certificate of incorporation will provide that, following this offering and prior to the consummation of our initial business
combination, we will be prohibited from issuing additional securities that would entitle the holders thereof to (i) receive funds
from the trust account or (ii) vote as a class with our public shares (a) on any initial business combination or (b) to approve
an amendment to our amended and restated certificate of incorporation to (x) extend the time we have to consummate a business
combination beyond 24 months from the closing of this offering or (y) amend the foregoing provisions, unless (in connection
with any such amendment to our amended and restated certificate of incorporation) we offer our public stockholders the opportunity
to redeem their public shares.
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Controls and Procedures
We are not currently required to maintain an effective system
of internal controls as defined by Section 404 of the Sarbanes-Oxley Act. We will be required to comply with the internal
control requirements of the Sarbanes-Oxley Act for the fiscal year ending December 31, 2021. Only in the event that
we are deemed to be a large accelerated filer or an accelerated filer and no longer an emerging growth company would we be required
to comply with the independent registered public accounting firm attestation requirement. Further, for as long as we remain an
emerging growth company as defined in the JOBS Act, we intend to take advantage of certain exemptions from various reporting requirements
that are applicable to other public companies that are not emerging growth companies, including, but not limited to, not being
required to comply with the independent registered public accounting firm attestation requirement.
Prior to the closing of this offering, we have not completed
an assessment, nor has our independent registered public accounting firm tested our systems, of internal controls. We expect to
assess the internal controls of our target business or businesses prior to the completion of our initial business combination
and, if necessary, to implement and test additional controls as we may determine are necessary in order to state that we maintain
an effective system of internal controls. A target business may not be in compliance with the provisions of the Sarbanes-Oxley Act
regarding the adequacy of internal controls. Many small and mid-sized target businesses we may consider for our initial business
combination may have internal controls that need improvement in areas such as:
•     staffing
for financial, accounting and external reporting areas, including segregation of duties;
•     reconciliation
of accounts;
•     proper
recording of expenses and liabilities in the period to which they relate;
•     evidence
of internal review and approval of accounting transactions;
•     documentation
of processes, assumptions and conclusions underlying significant estimates; and
•     documentation
of accounting policies and procedures.
Because it will take time, management involvement and perhaps
outside resources to determine what internal control improvements are necessary for us to meet regulatory requirements and market
expectations for our operation of a target business, we may incur significant expense in meeting our public reporting responsibilities,
particularly in the areas of designing, enhancing, or remediating internal and disclosure controls. Doing so effectively may also
take longer than we expect, thus increasing our exposure to financial fraud or erroneous financing reporting.
Once our management's report on internal controls is
complete, we will retain our independent registered public accounting firm to audit and render an opinion on such report when
required by Section 404 of the Sarbanes-Oxley Act. The independent registered public accounting firm may identify additional
issues concerning a target business's internal controls while performing their audit of internal control over financial
reporting.
Quantitative and Qualitative Disclosures about Market Risk
The net proceeds of this offering and the sale of the private
placement warrants held in the trust account will be invested in U.S. government treasury bills with a maturity of 185 days or
less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest only
in direct U.S. government treasury obligations. Due to the short-term nature of these investments, we believe there will
be no associated material exposure to interest rate risk.
67
Related Party Transactions
In July 2020, our sponsor purchased 5,750,000 founder shares
(up to an aggregate of 750,000 shares of which are subject to forfeiture depending on the extent to which the underwriters'
over-allotment option is exercised. The number of founder shares issued was determined based on the expectation that such
founder shares would represent 20% of the outstanding shares upon completion of this offering. The per share purchase price of
the founder shares was determined by dividing the amount of cash contributed to the Company by the aggregate number of founder
shares issued. If we increase or decrease the size of the offering, we will effect a stock dividend or a share contribution back
to capital or other appropriate mechanism, as applicable, with respect to our Class B common stock immediately prior to the consummation
of the offering in such amount as to maintain the ownership of our initial stockholders at 20% of the issued and outstanding shares
of our common stock upon the consummation of this offering.
Our sponsor, officers and directors, or any of their respective
affiliates, will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as
identifying potential target businesses and performing due diligence on suitable business combinations. Our audit committee will
review on a quarterly basis all payments that were made to our sponsor, officers, directors or our or their affiliates and will
determine which expenses and the amount of expenses that will be reimbursed. There is no cap or ceiling on the reimbursement of
out-of-pocket expenses incurred by such persons in connection with activities on our behalf.
Commencing on the date of this prospectus, we have agreed to
pay our sponsor a total of $10,000 per month for office space, utilities and secretarial and administrative support.
Upon completion of our initial business combination or our liquidation, we will cease paying these monthly fees.
Prior to the consummation of this offering, our sponsor has
agreed to loan us up to an aggregate of $300,000 to be used for a portion of the expenses of this offering. As of July 22, 2020,
we had borrowed $38,878 under the promissory notes with our sponsor to be used for a portion of the expenses of this offering.
These loans are non-interest bearing, unsecured and are due at the earlier of December 31, 2020 or the closing of this offering.
The loans will be repaid upon the closing of this offering out of the $750,000 offering proceeds that has been allocated to the
payment of offering expenses (other than underwriting commissions) not held in trust.
In addition, in order to finance transaction costs in connection
with an intended initial business combination, our sponsor or an affiliate of our sponsor or certain of our officers and directors
may, but are not obligated to, loan us funds as may be required. If we complete our initial business combination, we would repay
such loaned amounts. In the event that our initial business combination does not close, we may use a portion of the working capital
held outside the trust account to repay such loaned amounts but no proceeds from our trust account would be used for such repayment.
Up to $1,500,000 of such loans may be convertible into warrants, at a price of $1.00 per warrant at the option of the lender.
Such warrants would be identical to the private placement warrants, including as to exercise price, exercisability and exercise
period. The terms of such loans by our officers and directors, if any, have not been determined and no written agreements exist
with respect to such loans. We do not expect to seek loans from parties other than our sponsor or an affiliate of our sponsor
as we do not believe third parties will be willing to loan such funds and provide a waiver against any and all rights to seek
access to funds in our trust account.
Our sponsor has committed to purchase an aggregate of 5,750,000
private placement warrants (or 6,350,000 if the underwriters' over-allotment option is exercised in full) at a price
of $1.00 per warrant ($5,750,000 in the aggregate or $6,350,000 if the underwriters' over-allotment option is exercised
in full) in a private placement that will occur simultaneously with the closing of this offering. Each private placement warrant
entitles the holder thereof to purchase one share of our Class A common stock at a price of $11.50 per share. Our sponsor will
be permitted to transfer the private placement warrants held by them to certain permitted transferees, including our officers
and directors and other persons or entities affiliated with or related to them, but the transferees receiving such securities
will be subject to the same agreements with respect to such securities as our sponsor. Otherwise, these warrants will not, subject
to certain limited exceptions, be transferable or salable until 30 days after the completion of our initial business combination.
The private placement warrants will be non-redeemable so long as they are held by our sponsor or its permitted transferees.
The private placement warrants may also be exercised by our sponsor and its permitted transferees for cash or on a cashless basis.
Otherwise, the private placement warrants have terms and provisions that are identical to those of the warrants being sold as
part of the units in this offering, including as to exercise price, exercisability and exercise period.
Pursuant to a registration rights agreement we will enter into
with our initial stockholders on or prior to the closing of this offering, we may be required to register certain securities for
sale under the Securities Act. These holders, and holders of warrants issued upon conversion of working capital loans, if any,
are entitled under the registration rights agreement to make up to three demands that we register certain of our securities held
by them for sale under the Securities Act and to have the securities covered thereby registered for resale pursuant to Rule 415
under the Securities Act. In addition, these holders have the right to include their securities in other registration statements
filed by us. We will bear the costs and expenses of filing any such registration statements. See the section of this prospectus
entitled "Certain Relationships and Related Party Transactions."
Off-Balance Sheet Arrangements; Commitments and Contractual
Obligations
As of July 22, 2020, we did not have any off-balance sheet
arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K and did not have any commitments or contractual obligations.
JOBS Act
On April 5, 2012, the JOBS Act was signed into law. The
JOBS Act contains provisions that, among other things, relax certain reporting requirements for qualifying public companies. We
will qualify as an "emerging growth company" and under the JOBS Act will be allowed to comply with new or revised
accounting pronouncements based on the effective date for private (not publicly-traded) companies. We are electing to delay the
adoption of new or revised accounting standards, and as a result, we may not comply with new or revised accounting standards on
the relevant dates on which adoption of such standards is required for non-emerging growth companies. As a result, our financial
statements may not be comparable to companies that comply with new or revised accounting pronouncements as of public company effective
dates.
Additionally, we are in the process of evaluating the benefits
of relying on the other reduced reporting requirements provided by the JOBS Act. Subject to certain conditions set forth in the
JOBS Act, if, as an "emerging growth company," we choose to rely on such exemptions we may not be required to, among
other things, (i) provide an independent registered public accounting firm's attestation report on our system of internal
controls over financial reporting pursuant to Section 404 of the Sarbanes Oxley Act, (ii) provide all of the compensation disclosure
that may be required of non-emerging growth public companies under the Dodd-Frank Wall Street Reform and Consumer Protection
Act, (iii) comply with any requirement that may be adopted by the PCAOB regarding mandatory audit firm rotation or a supplement
to the report of independent registered public accounting firm providing additional information about the audit and the financial
statements (auditor discussion and analysis) and (iv) disclose certain executive compensation related items such as the correlation
between executive compensation and performance and comparisons of the CEO's compensation to median employee compensation.
These exemptions will apply for a period of five years following the completion of this offering or until we are no longer an
emerging growth company, whichever is earlier.
Additionally, we are a "smaller reporting company"
as defined in Rule 10(f)(1) of Regulation S-K. Smaller reporting companies may take advantage of certain reduced disclosure obligations,
including, among other things, providing only two years of audited financial statements. We will remain a smaller reporting company
until the last day of the fiscal year in which (1) the market value of our common stock held by non-affiliates exceeds $250 million
as of the prior June 30th, or (2) our annual revenues exceed $100 million during such completed fiscal year and the market value
of our common stock held by non-affiliates exceeds $700 million as of the prior June 30.
68
PROPOSED BUSINESS
Overview
We are a blank check company whose business purpose is to effect
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 prospectus 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.
We will seek to capitalize on the decades of experience and
relationships of our management team, including Anthony Kenney, our Chief Executive Officer and director nominee. Mr. Kenney previously
worked for MPC for the past 43 years and recently retired as President of its Speedway division, which he led since 2005. Under
his leadership, Speedway became the second largest company-owned and operated convenience and fuel store chain in the United States
with over $20 billion in revenue and 35,000 employees. Mr. Kenney led a significant increase in the scale and scope of the business
through acquisitions, and ultimately increased store count from approximately 1,600 in 2005 to 3,923 locations nationwide in 2019.
Moreover, he is recognized as having been instrumental in developing Speedway's Loyalty Program.
We also seek to capitalize on the experience of Michael Gearhardt,
our Chief Financial Officer, who has significant public company management experience having served as Executive Vice President,
Chief Financial Officer of MTCT, Inc. During his time with MTCT, he oversaw the completion of acquisitions and capital markets
transactions and ultimately led the $450 million sale of the company to BAE Systems. Prior to MTCT, Mr. Gearhardt worked for two
decades in management and finance capacities with Mark IV Industries/Dayco Products (NYSE: IV); during which time he was appointed
to Executive Vice President, Industrial Operations and participated in a number of acquisitions and dispositions including the
$2.0 billion sale of the company. Mr. Gearhardt also has invested in and sold several manufacturing businesses and is a Certified
Public Accountant.
Management also expects to greatly benefit from the depth of
experience and relationships of our Board Members:
Rajesh Soin, our Chairman, previously founded MTCT and served
as Chairman and Chief Executive Officer for approximately 18 years until its initial public offering in 2002, when he became Chairman.
MTCT was sold to BAE Systems Inc. in 2008 for approximately $450 million. Mr. Soin is an entrepreneur with significant public
company management experience and broad relationships. He presently invests through the Soin Family office and serves on the board
of Kayne Anderson Real Estate Partners as well as Transtar Industries, which manufactures and distributes automotive original
equipment and aftermarket products. Mr. Soin previously served on the board of Diebold Nixdorf, Incorporated (NYSE: DBD) where
he was on the Governance and Compensation committees.
Mitchell Steenrod, our director nominee, is the retired Senior
Vice President and Chief Financial Officer of Pilot Travel Centers LLC (doing business as "Pilot Flying J"), the nation's
largest operator of travel centers. Mr. Steenrod joined the board of CarMax, Inc. (NYSE: KMX) in 2011 and currently serves as
the Lead Independent Director.
Donald Graber, our director nominee, previously served on the
board of PCC starting in 1995 and was lead director for three years, chaired the Nominating & Governance Committee and was
on the Compensation Committee. PCC was ultimately sold to Berkshire Hathaway for approximately $37 billion. Mr. Graber also previously
served on the board of MTCT alongside Mr. Soin and was on the boards of Amcast Industrial Corporation and Huffy Corporation.
John Bachman, our director nominee, previously had a long-standing
career at PwC and was named U.S. Strategy Leader in 2004, when he created the first strategic planning process using a multi-faceted
approach across the matrix organization focusing on business units, geographies, and industries. In 2007, he was elevated to Chief
Operating Officer of the assurance practice in the United States, which represented over 50% of PwC's revenue. Mr. Bachman
serves on the board of The Children's Place, Inc. (NASDAQ: PLCE), WEX Inc. (NYSE: WEX) and Grocery Outlet Holding Corp.
(NASDAQ: GO), each of which is a public company. He chairs the Audit Committee of both The Children's Place and Grocery Outlet
Holding Corp.
The past performance of our management team, or their respective
affiliates, is not a guarantee either (i) of success with respect to any business combination we may consummate or (ii) that we
will be able to identify a suitable candidate for our initial business combination. No member of our management team has been
an officer or director of a special purpose acquisition corporation in the past. You should not rely on the historical record
of our management team's or their respective affiliates' performance as indicative of our future performance.
Our officers and directors may become an officer or director
of any another special purpose acquisition company with a class of securities intended to be registered under the Exchange Act,
prior to the completion of our initial business combination.
Business Strategy
Our business strategy is to identify and
complete our initial business combination with a company that complements the experience of our management team and can benefit
from their operational, marketing and finance expertise. Our selection process will leverage Mr. Kenney's broad and deep
relationship network, unique industry experience and deal sourcing capabilities to access a wide spectrum of opportunities. This
network has been developed over the past 20 years in executive positions at MPC and while managing Speedway to industry leading
success. We believe that our management team will identify a business combination that will benefit from their experience, including
their:
69
·
Long
                                         history of sourcing, structuring, acquiring, operating, developing, growing and financing
                                         businesses;
·
Significant
                                         integration experience implementing new technologies and systems to drive value and standardization;
·
Strong
                                         marketing and capital allocation decision-making to establish and maintain premium brand;
                                         and
·
Sound
                                         understanding of public company performance requirements and ability to guide private-to-public
                                         process.
Upon completion of this offering, our
management team will access their network of relationships to articulate the parameters for our search for a target company and
begin the process of reviewing and pursuing potential business combinations.
Acquisition Criteria
Our acquisition strategy will leverage
Mr. Kenney's network of long-standing relationships and industry contacts as well as inbound opportunities to source
a business combination. Consistent with our business strategy, we have identified the following general criteria and guidelines
that we believe are important in evaluating prospective target businesses. We will use these criteria and guidelines in evaluating
acquisition opportunities, but we may decide to enter into our initial business combination with a target business that does not
meet these criteria and guidelines. We intend to identify and acquire one or more businesses that we believe exhibit a number
of the following attributes:
·
Well
                                         established market presence with recognizable brand and reputation for quality service;
·
Platform
                                         with sufficient scale and geographic concentration from which to expand through acquisitions;
·
Generates
                                         stable free cash flow or has the potential to do so near term;
·
Generates
                                         returns well in excess of the cost of capital;
·
Easily
                                         identified cost savings that can be realized near term;
·
Modest
                                         capital requirements to refurbish locations to quality standards;
·
Can
                                         benefit from new technologies and systems to meaningfully enhance financial performance;
·
Quality
                                         management and personnel with ability to contribute to growth strategy; and
·
Would
                                         benefit from being publicly traded and having access to incremental growth capital.
If the business we seek to acquire is
directly in the retail convenience store channel, we will seek the following attributes:
·
Possesses
                                         a preponderance of convenience and fuel store locations that are well situated and in
                                         good condition; and
·
Portfolio
                                         of stores with sufficient scale to expand product offerings and maximize gross profit.
These criteria and guidelines are not
intended to be exhaustive. Any evaluation relating to the merits of a particular initial business combination may be based, to
the extent relevant, on these general criteria and guidelines as well as other considerations, factors, criteria and guidelines
that our management may deem relevant. In addition to any potential business candidates we may identify on our own, we anticipate
that other target business candidates will be brought to our attention from various unaffiliated sources, including investment
market participants, private equity funds and large business enterprises seeking to divest non - core assets or divisions.
Acquisition Process
In evaluating a prospective target business,
we expect to conduct an extensive due diligence review which may encompass, as applicable and among other things, meetings with
incumbent management and employees, document reviews, interviews of customers and suppliers, inspection of facilities and a review
of financial and other information about the target and its industry. We will also utilize our management team's operational
and capital planning experience.
Each of our directors and officers will,
directly or indirectly, own founder shares and/or private placement warrants following this offering and, accordingly, may have
a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate
our initial business combination. Further, such officers and directors may have a conflict of interest with respect to evaluating
a particular business combination if the retention or resignation of any such officers and directors was included by a target
business as a condition to any agreement with respect to our initial business combination.
Certain of our directors and officers currently have, and any
of them in the future may have additional, fiduciary or contractual obligations to another entity pursuant to which such officer
or director is or will be required to present a business combination opportunity to such entity subject to his or her fiduciary
duties. If any of our directors or officers becomes aware of a business combination opportunity that falls within the line of
business of any entity to which he or she has then-existing fiduciary or contractual obligations, he or she may be required
to present such business combination opportunity to such entity prior to presenting such business combination opportunity to us.
70
No members of our management team have any obligation to present
us with any opportunity for a potential business combination of which they become aware, unless presented to such member specifically
in his or her capacity as an officer or a director of the company. Members of our management team may be required to present potential
business combinations to other entities to whom they have fiduciary duties before they present such opportunities to us. Any knowledge
or presentation of such opportunities may therefore present conflicts of interest.
Initial Business Combination
In accordance with the rules of Nasdaq, our initial business
combination must occur with one or more target businesses that together have an aggregate fair market value of at least 80% of
the value of the assets held in the trust account (net of amounts disbursed to management for working capital purposes, if any,
and excluding the amount of deferred underwriting discounts held in trust and taxes payable on the income earned on the trust
account) at the time of our signing a definitive agreement in connection with our initial business combination. If our board of
directors is not able to independently determine the fair market value of our initial business combination, we will obtain an
opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions with
respect to the satisfaction of such criteria. While we consider it unlikely that our board of directors will not be able to make
an independent determination of the fair market value of our initial business combination, it may be unable to do so if it is
less familiar or experienced with the business of a particular target or if there is a significant amount of uncertainty as to
the value of a target's assets or prospects. Additionally, pursuant to Nasdaq rules, any initial business combination must
be approved by a majority of our independent directors.
We anticipate structuring our initial business combination
so that the post-transaction company in which our public stockholders own shares will own or acquire 100% of the equity interests
or assets of the target business or businesses. We may however, structure our initial business combination in such a way so that
the post-transaction company owns or acquires less than 100% of such interests or assets of the target business in order
to meet certain objectives of the target management team or stockholders, or for other reasons. However, we will only complete
an initial business combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities
of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an
investment company under the Investment Company Act. Even if the post-transaction company owns or acquires 50% or more of
the voting securities of the target, our stockholders prior to the initial business combination may collectively own a minority
interest in the post-transaction company, depending on valuations ascribed to the target and us in the initial business combination.
For example, we could pursue a transaction in which we issue a substantial number of new shares in exchange for all of the outstanding
capital stock of a target. In this case, we would acquire a 100% controlling interest in the target. However, as a result of the
issuance of a substantial number of new shares, our stockholders immediately prior to our initial business combination could own
less than a majority of our outstanding shares subsequent to our initial business combination. If less than 100% of the equity
interests or assets of a target business or businesses are owned or acquired by the post-transaction company, the portion
of such business or businesses that is owned or acquired is what will be taken into account for purposes of Nasdaq's 80%
of fair market value test. If the initial business combination involves more than one target business, the 80% of fair market
value test will be based on the aggregate value of all of the transactions and we will treat the target businesses together as
our initial business combination for purposes of seeking stockholder approval or conducting a tender offer, as applicable.
The net proceeds of this offering and the sale of the private
placement warrants released to us from the trust account upon the closing of our initial business combination may be used as consideration
to pay the sellers of a target business with which we complete our initial business combination. If our initial business combination
is paid for using equity or debt securities, or not all of the funds released from the trust account are used for payment of the
consideration in connection with our initial business combination or used for redemption of our public shares, we may use the
balance of the cash released to us from the trust account following the closing for general corporate purposes, including for
maintenance or expansion of operations of the post-transaction businesses, the payment of principal or interest due on indebtedness
incurred in completing our initial business combination, to fund the purchase of other companies or for working capital. In addition,
we may be required to obtain additional financing in connection with the closing of our initial business combination to be used
following the closing for general corporate purposes as described above. There is no limitation on our ability to raise funds
through the issuance of equity or equity-linked securities or through loans, advances or other indebtedness in connection
with our initial business combination, including pursuant to forward purchase agreements or backstop agreements we may enter into
following consummation of this offering. Subject to compliance with applicable securities laws, we would only complete such financing
simultaneously with the completion of our initial business combination. At this time, we are not a party to any arrangement or
understanding with any third party with respect to raising any additional funds through the sale of securities or otherwise. None
of our sponsor, officers, directors or stockholders is required to provide any financing to us in connection with or after our
initial business combination. We may also obtain financing prior to the closing of our initial business combination to fund our
working capital needs and transaction costs in connection with our search for and completion of our initial business combination.
Our amended and restated certificate of incorporation will provide that, following this offering and prior to the consummation
of our initial business combination, we will be prohibited from issuing additional securities that would entitle the holders thereof
to (i) receive funds from the trust account or (ii) vote as a class with our public shares (a) on any initial business combination
or (b) to approve an amendment to our amended and restated certificate of incorporation to (x) extend the time we have to consummate
a business combination beyond 24 months from the closing of this offering or (y) amend the foregoing provisions, unless (in
connection with any such amendment to our amended and restated certificate of incorporation) we offer our public stockholders
the opportunity to redeem their public shares.
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Our Business Combination Process
In evaluating prospective business combinations, we expect
to conduct a due diligence review process that will encompass, among other things, a review of historical and projected financial
and operating data, meetings with management and their advisors and, as applicable, on-site inspection of facilities and
assets, discussion with customers and suppliers, legal reviews and other reviews as we deem appropriate. We will also utilize
the expertise of our management team and board of directors in analyzing companies and evaluating operating projections, financial
projections and determining the appropriate return expectations given the risk profile of the target business.
Members of our management team may directly or indirectly own
our common stock and warrants following this offering, and, accordingly, may have a conflict of interest in determining whether
a particular target business is an appropriate business with which to effectuate our initial business combination. Further, each
of our officers and directors may have a conflict of interest with respect to evaluating a particular business combination if
the retention or resignation of any such officers and directors was included by a target business as a condition to any agreement
with respect to our initial business combination.
Our sponsor and members of our management team are, in the
ordinary course of business, continuously made aware of potential acquisition or investment opportunities, one or more of which
we may desire to pursue for an initial business combination. We have not, however, selected any specific business combination
target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any
business combination target with respect to an initial business combination with us.
Each of our officers and directors presently has, and any of
them in the future may have additional, fiduciary or contractual obligations to other entities pursuant to which such officer
or director is or will be required to present a business combination opportunity. Accordingly, if any of our officers or directors
become aware of a business combination opportunity that is suitable for an entity to which he or she has then-current fiduciary
or contractual obligations to present the opportunity to such entity, he or she will honor his or her fiduciary or contractual
obligations to present such opportunity to such entity. We believe, however, that the fiduciary duties or contractual obligations
of our officers or directors will not materially affect our ability to complete our initial business combination, as we believe
any such opportunities presented would be smaller than what we are interested in, in different fields than what we would be interested
in, or that such fiduciary duties or contractual obligations are to entities that are not themselves in the business of engaging
in business combinations. Our amended and restated certificate of incorporation will provide that we renounce our interest in
any corporate opportunity offered to any director or officer unless such opportunity is expressly offered to such person solely
in his or her capacity as a director or officer of our company and such opportunity is one we are legally and contractually permitted
to undertake and would otherwise be reasonable for us to pursue, and to the extent the director or officer is permitted to refer
that opportunity to us without violating another legal obligation.
Our Management Team
Members of our management team are not obligated to devote
any specific number of hours to our matters but they intend to devote as much of their time as they deem necessary to our affairs
until we have completed our initial business combination. The amount of time that any member of our management team will devote
in any time period will vary based on whether a target business has been selected for our initial business combination and the
current stage of the initial business combination process.
We believe our management team's operating and transaction
experience and relationships with companies will provide us with a substantial number of potential business combination targets.
Over the course of their careers, the members of our management team have developed a broad network of contacts and corporate
relationships. This network has grown through the activities of our management team sourcing, acquiring and financing businesses,
our management team's relationships with sellers, financing sources and target management teams and the experience of our
management team in executing transactions under varying economic and financial market conditions. See the section of this prospectus
entitled "Management" for a more complete description of our management team's experience.
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Status as a Public Company
We believe our structure will make us an attractive business
combination partner to target businesses. As a public company, we offer a target business an alternative to the traditional initial
public offering through a merger or other business combination with us. Following an initial business combination, we believe
the target business would have greater access to capital and additional means of creating management incentives that are better
aligned with stockholders' interests than it would as a private company. A target business can further benefit by augmenting
its profile among potential new customers and vendors and aid in attracting talented employees. In a business combination transaction
with us, the owners of the target business may, for example, exchange their shares of stock in the target business for our shares
of Class A common stock (or shares of a new holding company) or for a combination of our shares of Class A common stock and cash,
allowing us to tailor the consideration to the specific needs of the sellers.
Although there are various costs and obligations associated
with being a public company, we believe target businesses will find this method a more expeditious and cost-effective method
to becoming a public company than the typical initial public offering. The typical initial public offering process takes a significantly
longer period of time than the typical business combination transaction process, and there are significant expenses and market
and other uncertainties in the initial public offering process, including underwriting discounts and commissions, marketing and
road show efforts that may not be present to the same extent in connection with an initial business combination with us.
Furthermore, once a proposed initial business combination is
completed, the target business will have effectively become public, whereas an initial public offering is always subject to the
underwriters' ability to complete the offering, as well as general market conditions, which could delay or prevent the offering
from occurring or could have negative valuation consequences. Following an initial business combination, we believe the target
business would then have greater access to capital and an additional means of providing management incentives consistent with
stockholders' interests and the ability to use its shares as currency for acquisitions. Being a public company can offer
further benefits by augmenting a company's profile among potential new customers and vendors and aid in attracting talented
employees.
While we believe that our structure and our management team's
backgrounds will make us an attractive business partner, some potential target businesses may view our status as a blank check
company, such as our lack of an operating history and our ability to seek stockholder approval of any proposed initial business
combination, negatively.
We are an "emerging growth company," as defined
in Section 2(a) of the Securities Act, as modified by the JOBS Act. As such, we are eligible to take advantage of certain exemptions
from various reporting requirements that are applicable to other public companies that are not emerging growth companies, including,
but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements
of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in our periodic
reports and proxy statements and exemptions from the requirements of holding a non-binding advisory vote on executive compensation
and stockholder approval of any golden parachute payments not previously approved. If some investors find our securities less
attractive as a result, there may be a less active trading market for our securities and the prices of our securities may be more
volatile.
In addition, Section 107 of the JOBS Act also provides that
an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities
Act for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption
of certain accounting standards until those standards would otherwise apply to private companies. We intend to take advantage
of the benefits of this extended transition period.
We will remain an emerging growth company until the earlier
of (1) the last day of the fiscal year (a) following the fifth anniversary of the completion of this offering, (b) in which we
have total annual gross revenue of at least $1.07 billion or (c) in which we are deemed to be a large accelerated filer,
which means the market value of our Class A common stock that is held by non-affiliates exceeds $700 million as of the
prior June 30
th
and (2) the date on which we have issued more than $1.0 billion in non-convertible debt
securities during the prior three-year period.
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Financial Position
With funds available for an initial business combination initially
in the amount of $193,000,000, after payment of $7,000,000 of deferred underwriting fees (or $221,950,000 after payment of up
to $8,050,000 of deferred underwriting fees if the underwriters' over-allotment option is exercised in full), in each
case before fees and expenses associated with our initial business combination, we offer a target business a variety of options
such as creating a liquidity event for its owners, providing capital for the potential growth and expansion of its operations
or strengthening its balance sheet by reducing its debt or leverage ratio. Because we are able to complete our initial business
combination using our cash, debt or equity securities, or a combination of the foregoing, we have the flexibility to use the most
efficient combination that will allow us to tailor the consideration to be paid to the target business to fit its needs and desires.
However, we have not taken any steps to secure third-party financing and there can be no assurance it will be available to
us.
Effecting Our Initial Business Combination
We are not presently engaged in, and we will not engage in,
any operations for an indefinite period of time following this offering. We intend to effectuate our initial business combination
using cash from the proceeds of this offering and the private placement of the private placement warrants, the proceeds of the
sale of our shares in connection with our initial business combination (pursuant to forward purchase agreements or backstop agreements
we may enter into following the consummation of this offering or otherwise), 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. We may seek to complete our initial business
combination with a company or business that may be financially unstable or in its early stages of development or growth, which
would subject us to the numerous risks inherent in such companies and businesses.
If our initial business combination is paid for using equity
or debt securities, or not all of the funds released from the trust account are used for payment of the consideration in connection
with our initial business combination or used for redemption of our public shares, we may use the balance of the cash released
to us from the trust account following the closing for general corporate purposes, including for maintenance or expansion of operations
of the post-transaction company, the payment of principal or interest due on indebtedness incurred in completing our initial
business combination, to fund the purchase of other companies or for working capital.
We may seek to raise additional funds through a private offering
of debt or equity securities in connection with the completion of our initial business combination, and we may effectuate our
initial business combination using the proceeds of such offering rather than using the amounts held in the trust account. In addition,
we intend to target businesses with enterprise values that are greater than we could acquire with the net proceeds of this offering
and the sale of the private placement warrants, and, as a result, if the cash portion of the purchase price exceeds the amount
available from the trust account, net of amounts needed to satisfy any redemptions by public stockholders, we may be required
to seek additional financing to complete such proposed initial business combination. Subject to compliance with applicable securities
laws, we would expect to complete such financing only simultaneously with the completion of our initial business combination.
In the case of an initial business combination funded with assets other than the trust account assets, our proxy materials or
tender offer documents disclosing the initial business combination would disclose the terms of the financing and, only if required
by law, we would seek stockholder approval of such financing. There is no limitation on our ability to raise funds through the
issuance of equity or equity-linked securities or through loans, advances or other indebtedness in connection with our initial
business combination, including pursuant to forward purchase agreements or backstop agreements we may enter into following consummation
of this offering. At this time, we are not a party to any arrangement or understanding with any third party with respect to raising
any additional funds through the sale of securities or otherwise. None of our sponsor, officers, directors or stockholders is
required to provide any financing to us in connection with or after our initial business combination. Our amended and restated
certificate of incorporation will provide that, following this offering and prior to the consummation of our initial business
combination, we will be prohibited from issuing additional securities that would entitle the holders thereof to (i) receive funds
from the trust account or (ii) vote as a class with our public shares (a) on any initial business combination or (b) to approve
an amendment to our amended and restated certificate of incorporation to (x) extend the time we have to consummate a business
combination beyond 24 months from the closing of this offering or (y) amend the foregoing provisions, unless (in connection
with any such amendment to our amended and restated certificate of incorporation) we offer our public stockholders the opportunity
to redeem their public shares.
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Sources of Target Businesses
We anticipate that target business candidates will be brought
to our attention from various unaffiliated sources, including investment bankers and investment professionals. Target businesses
may be brought to our attention by such unaffiliated sources as a result of being solicited by us by calls or mailings. These
sources may also introduce us to target businesses in which they think we may be interested on an unsolicited basis, since many
of these sources will have read this prospectus and know what types of businesses we are targeting. Our officers and directors,
as well as our sponsor and its affiliates, may also bring to our attention target business candidates that they become aware of
through their business contacts as a result of formal or informal inquiries or discussions they may have, as well as attending
trade shows, conferences or conventions. In addition, we expect to receive a number of proprietary deal flow opportunities that
would not otherwise necessarily be available to us as a result of the business relationships of our officers and directors and
our sponsor and their respective industry and business contacts as well as their affiliates. While we do not presently anticipate
engaging the services of professional firms or other individuals that specialize in business acquisitions on any formal basis,
we may engage these firms or other individuals in the future, in which event we may pay a finder's fee, consulting fee,
advisory fee or other compensation to be determined in an arm's length negotiation based on the terms of the transaction.
We will engage a finder only to the extent our management determines that the use of a finder may bring opportunities to us that
may not otherwise be available to us or if finders approach us on an unsolicited basis with a potential transaction that our management
determines is in our best interest to pursue. Payment of finder's fees is customarily tied to completion of a transaction,
in which case any such fee will be paid out of the funds held in the trust account. In no event, however, will our sponsor or
any of our existing officers or directors, or any entity with which our sponsor or officers are affiliated, be paid any finder's
fee, reimbursement, consulting fee, monies in respect of any payment of a loan or other compensation by the Company prior to,
or in connection with any services rendered for any services they render in order to effectuate, the completion of our initial
business combination (regardless of the type of transaction that it is). Although none of our sponsor, executive officers or directors,
or any of their respective affiliates, will be allowed to receive any compensation, finder's fees or consulting fees from
a prospective business combination target in connection with a contemplated initial business combination, we do not have a policy
that prohibits our sponsor, executive officers or directors, or any of their respective affiliates, from negotiating for the reimbursement
of out-of-pocket expenses by a target business. Commencing on the date of this prospectus, we have agreed to pay our sponsor a total of $10,000 per month for office space, utilities and secretarial and administrative support. Upon completion
of our initial business combination or our liquidation, we will cease paying these monthly fees. Some of our officers and directors
may enter into employment or consulting agreements with the post-transaction company following our initial business combination.
The presence or absence of any such fees or arrangements will not be used as a criterion in our selection process of an initial
business combination candidate.
We are not prohibited from pursuing an initial business combination
with an initial business combination target that is affiliated with our sponsor, officers or directors or making the initial business
combination through a joint venture or other form of shared ownership with our sponsor, officers or directors. In the event we
seek to complete our initial business combination with an initial business combination target that is affiliated with our sponsor,
officers or directors, we, or a committee of independent directors, would obtain an opinion from an independent investment banking
firm or another independent entity that commonly renders valuation opinions that such an initial business combination is fair
to our company from a financial point of view.
As more fully discussed in the section of this prospectus entitled
 "Management — Conflicts of Interest," if any of our officers or directors becomes aware of an initial business
combination opportunity that falls within the line of business of any entity to which he or she has then-existing fiduciary
or contractual obligations, he or she may be required to present such business combination opportunity to such entity prior to
presenting such business combination opportunity to us. Our officers and directors currently have certain relevant fiduciary duties
or contractual obligations that may take priority over their duties to us.
Selection of a Target Business and Structuring of our Initial
Business Combination
In accordance with the rules of Nasdaq, our initial business
combination must occur with one or more target businesses that together have an aggregate fair market value of at least 80% of
the value of the assets held in the trust account (net of amounts disbursed to management for working capital purposes, if any,
and excluding the amount of deferred underwriting discounts held in trust and taxes payable on the income earned on the trust
account) at the time of our signing a definitive agreement in connection with our initial business combination. The fair market
value of our initial business combination will be determined by our board of directors based upon one or more standards generally
accepted by the financial community, such as discounted cash flow valuation, a valuation based on trading multiples of comparable
public businesses or a valuation based on the financial metrics of M&A transactions of comparable businesses. If our board
of directors is not able to independently determine the fair market value of our initial business combination (including with
the assistance of financial advisors), we will obtain an opinion from an independent investment banking firm or another independent
entity that commonly renders valuation opinions with respect to the satisfaction of such criteria. While we consider it unlikely
that our board of directors will not be able to make an independent determination of the fair market value of our initial business
combination, it may be unable to do so if it is less familiar or experienced with the business of a particular target or if there
is a significant amount of uncertainty as to the value of a target's assets or prospects. We do not intend to purchase multiple
businesses in unrelated industries in conjunction with our initial business combination. Subject to this requirement, our management
will have virtually unrestricted flexibility in identifying and selecting one or more prospective target businesses, although
we will not be permitted to effectuate our initial business combination with another blank check company or a similar company
with nominal operations.
75
In any case, we will only complete an initial business combination
in which we own or acquire 50% or more of the outstanding voting securities of the target or otherwise acquire a controlling interest
in the target sufficient for it not to be required to register as an investment company under the Investment Company Act. If we
own or acquire less than 100% of the equity interests or assets of a target business or businesses, the portion of such business
or businesses that are owned or acquired by the post-transaction company is what will be taken into account for purposes
of Nasdaq's 80% of fair market value test. There is no basis for investors in this offering to evaluate the possible merits
or risks of any target business with which we may complete our initial business combination.
To the extent we effect our initial business combination with
a company or business that may be financially unstable or in its early stages of development or growth we may be affected by numerous
risks inherent in such company or business. Although our management will endeavor to evaluate the risks inherent in a particular
target business, we cannot assure you that we will properly ascertain or assess all significant risk factors.
In evaluating a prospective business target, we expect to conduct
a due diligence review, which may encompass, among other things, meetings with incumbent ownership, management and employees,
document reviews, interviews of customers and suppliers, inspection of facilities, as well as a review of financial and other
information that will be made available to us.
The time required to select and evaluate a target business
and to structure and complete our initial business combination, and the costs associated with this process, are not currently
ascertainable with any degree of certainty. Any costs incurred with respect to the identification and evaluation of, and negotiation
with, a prospective target business with which our initial business combination is not ultimately completed will result in our
incurring losses and will reduce the funds we can use to complete another business combination.
Lack of Business Diversification
For an indefinite period of time after the completion of our
initial business combination, the prospects for our success may depend entirely on the future performance of a single business.
Unlike other entities that have the resources to complete business combinations with multiple entities in one or several industries,
it is probable that we will not have the resources to diversify our operations and mitigate the risks of being in a single line
of business. By completing our initial business combination with only a single entity, our lack of diversification may:
•     subject
us to negative economic, competitive and regulatory developments, any or all of which may have a substantial adverse impact on
the particular industry in which we operate after our initial business combination, and
•     cause
us to depend on the marketing and sale of a single product or limited number of products or services.
Limited Ability to Evaluate the Target's Management
Team
Although we intend to closely scrutinize the management of
a prospective target business when evaluating the desirability of effecting our initial business combination with that business,
our assessment of the target business' management may not prove to be correct. In addition, the future management may not
have the necessary skills, qualifications or abilities to manage a public company. Furthermore, the future role of members of
our management team, if any, in the target business cannot presently be stated with any certainty. The determination as to whether
any of the members of our management team will remain with the combined company will be made at the time of our initial business
combination. While it is possible that one or more of our directors will remain associated in some capacity with us following
our initial business combination, it is unlikely that any of them will devote their full efforts to our affairs subsequent to
our initial business combination. Moreover, we cannot assure you that members of our management team will have significant experience
or knowledge relating to the operations of the particular target business.
76
We cannot assure you that any of our key personnel will remain
in senior management or advisory positions with the combined company. The determination as to whether any of our key personnel
will remain with the combined company will be made at the time of our initial business combination.
Following our initial business combination, we may seek to
recruit additional managers to supplement the incumbent management of the target business. We cannot assure you that we will have
the ability to recruit additional managers, or that additional managers will have the requisite skills, knowledge or experience
necessary to enhance the incumbent management.
Stockholders May Not Have the Ability to Approve Our Initial
Business Combination
We may conduct redemptions without a stockholder vote pursuant
to the tender offer rules of the SEC. However, we will seek stockholder approval if it is required by law or applicable stock
exchange rule, or we may decide to seek stockholder approval for business or other legal reasons. Presented in the table below
is a graphic explanation of the types of initial business combinations we may consider and whether stockholder approval is currently
required under Delaware law for each such transaction.
Type
    of Transaction
Whether
Stockholder
Approval is
Required
Purchase of assets
No
Purchase of stock of target not involving a merger
    with the company
No
Merger of target into a subsidiary of the company
No
Merger of the company with a target
Yes
Under Nasdaq's listing rules, stockholder approval would
be required for our initial business combination if, for example:
·
we
                                         issue shares of Class A common stock that will be equal to or in excess of 20% of the
                                         number of shares of our Class A common stock then outstanding;
·
any
                                         of our directors, officers or substantial stockholders (as defined by Nasdaq rules) has
                                         a 5% or greater interest (or such persons collectively have a 10% or greater interest),
                                         directly or indirectly, in the target business or assets to be acquired or otherwise
                                         and the present or potential issuance of common stock could result in an increase in
                                         outstanding common shares or voting power of 5% or more; or
·
the
                                         issuance or potential issuance of common stock will result in our undergoing a change
                                         of control.
Permitted Purchases of Our Securities
If we seek stockholder approval of our initial business combination
and we do not conduct redemptions in connection with our initial business combination pursuant to the tender offer rules, our
sponsor, initial stockholders, directors, officers, advisors or their affiliates may purchase public shares or public warrants
in privately-negotiated transactions or in the open market either prior to or following the completion of our initial business
combination. There is no limit on the number of shares or warrants our initial stockholders, directors, officers, advisors or
their affiliates may purchase in such transactions, subject to compliance with applicable law and NASDAQ rules. However, they
have no current commitments, plans or intentions to engage in such transactions and have not formulated any terms or conditions
for any such transactions. If they engage in such transactions, they will not make any such purchases when they are in possession
of any material non-public information not disclosed to the seller or if such purchases are prohibited by Regulation M under
the Exchange Act. We do not currently anticipate that such purchases, if any, would constitute a tender offer subject to the tender
offer rules under the Exchange Act or a going-private transaction subject to the going-private rules under the Exchange
Act; however, if the purchasers determine at the time of any such purchases that the purchases are subject to such rules, the
purchasers will comply with such rules. Any such purchases will be reported pursuant to Section 13 and Section 16 of the Exchange
Act to the extent such purchasers are subject to such reporting requirements. None of the funds held in the trust account will
be used to purchase shares or public warrants in such transactions prior to completion of our initial business combination.
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Subsequent to the consummation of this offering, we will adopt
an insider trading policy which will require insiders to: (i) refrain from purchasing our securities during certain blackout periods
when they are in possession of any material non-public information and (ii) clear all trades of company securities with a
compliance officer prior to execution. We cannot currently determine whether our insiders will make such purchases pursuant to
a Rule 10b5-1 plan, as it will be dependent upon several factors, including but not limited to, the timing and size
of such purchases. Depending on such circumstances, our insiders may either make such purchases pursuant to a Rule 10b5-1 plan
or determine that such a plan is not necessary.
The purpose of any such purchases of shares could be to vote
such shares in favor of the initial business combination and thereby increase the likelihood of obtaining stockholder approval
of the initial business combination or to satisfy a closing condition in an agreement with a target that requires us to have a
minimum net worth or a certain amount of cash at the closing of our initial business combination, where it appears that such requirement
would otherwise not be met. The purpose of any such purchases of public warrants could be to reduce the number of public warrants
outstanding or to vote such warrants on any matters submitted to the warrantholders for approval in connection with our initial
business combination. Any such purchases of our securities may result in the completion of our initial business combination that
may not otherwise have been possible. In addition, if such purchases are made, the public "float" of our shares of
Class A common stock or warrants may be reduced and the number of beneficial holders of our securities may be reduced, which may
make it difficult to maintain or obtain the quotation, listing or trading of our securities on a national securities exchange.
Our sponsor, officers, directors and/or any of their affiliates
anticipate that they may identify the stockholders with whom our sponsor, officers, directors or their affiliates may pursue privately-negotiated purchases
by either the stockholders contacting us directly or by our receipt of redemption requests tendered by stockholders following
our mailing of proxy materials in connection with our initial business combination. To the extent that our sponsor, officers,
directors, advisors or their affiliates enter into a private purchase, they would identify and contact only potential selling
stockholders who have expressed their election to redeem their shares for a
pro rata
share of the trust account
or vote against our initial business combination, whether or not such stockholder has already submitted a proxy with respect to
our initial business combination. Such persons would select the stockholders from whom to acquire shares based on the number of
shares available, the negotiated price per share and such other factors as any such person may deem relevant at the time of purchase.
The price per share paid in any such transaction may be different than the amount per share a public stockholder would receive
if it elected to redeem its shares in connection with our initial business combination. Our sponsor, officers, directors, advisors
or their affiliates will only purchase shares if such purchases comply with Regulation M under the Exchange Act and the other
federal securities laws.
Any purchases by our sponsor, officers, directors and/or their
affiliates who are affiliated purchasers under Rule 10b-18 under the Exchange Act will be made only to the extent such
purchases are able to be made in compliance with Rule 10b-18, which is a safe harbor from liability for manipulation under Section
9(a)(2) and Rule 10b-5 of the Exchange Act. Rule 10b-18 has certain technical requirements that must be complied
with in order for the safe harbor to be available to the purchaser. Our sponsor, officers, directors and/or their affiliates will
not make purchases of common stock if the purchases would violate Section 9(a)(2) or Rule 10b-5 of the Exchange Act. Any
such purchases will be reported pursuant to Section 13 and Section 16 of the Exchange Act to the extent such purchases are subject
to such reporting requirements.
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Redemption Rights for Public Stockholders upon Completion
of our Initial Business Combination
We will provide our public stockholders with the opportunity
to redeem all or a portion of their shares of Class A common stock upon the completion of our initial business combination at
a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account as of two business
days prior to the consummation of the initial business combination including interest earned on the funds held in the trust account
and not previously released to us to pay our taxes, divided by the number of then outstanding public shares, subject to the limitations
described herein. The amount in the trust account is initially anticipated to be approximately $10.00 per public share. The per-share amount
we will distribute to investors who properly redeem their shares will not be reduced by deferred underwriting commissions we will
pay to the underwriters. Our sponsor, officers and directors have entered into a letter agreement with us, pursuant to which they
have agreed to waive their redemption rights with respect to any founder shares and any public shares held by them in connection
with the completion of our initial business combination.
Manner of Conducting Redemptions
We will provide our public stockholders with the opportunity
to redeem all or a portion of their public shares upon the completion of our initial business combination either (i) in connection
with a stockholder meeting called to approve the initial business combination or (ii) without a stockholder vote by means of a
tender offer. The decision as to whether we will seek stockholder approval of a proposed initial business combination or conduct
a tender offer will be made by us, solely in our discretion, and will be based on a variety of factors such as the timing of the
transaction and whether the terms of the transaction would require us to seek stockholder approval under applicable law or stock
exchange listing requirements.
Asset acquisitions and stock purchases would not typically
require stockholder approval while direct mergers with our company where we do not survive and any transactions where we issue
more than 20% of our outstanding common stock or seek to amend our amended and restated certificate of incorporation would require
stockholder approval. So long as we obtain and maintain a listing for our securities on Nasdaq, we will be required to comply
with Nasdaq's stockholder approval rules.
The requirement that we provide our public stockholders with
the opportunity to redeem their public shares by one of the two methods listed above will be contained in provisions of our amended
and restated certificate of incorporation and will apply whether or not we maintain our registration under the Exchange Act or
our listing on Nasdaq. Such provisions may be amended if approved by holders of 65% of our common stock entitled to vote thereon.
If we provide our public stockholders with the opportunity
to redeem their public shares in connection with a stockholder meeting, we will:
•     conduct
the redemptions in conjunction with a proxy solicitation pursuant to Regulation 14A of the Exchange Act, which regulates
the solicitation of proxies, and not pursuant to the tender offer rules, and
•     file
proxy materials with the SEC.
If we seek stockholder approval, we will complete our initial
business combination only if a majority of the outstanding shares of common stock voted are voted in favor of the initial business
combination. A quorum for such meeting will consist of the holders present in person or by proxy of shares of outstanding capital
stock of the Company representing a majority of the voting power of all outstanding shares of capital stock of the Company entitled
to vote at such meeting. Our initial stockholders will count towards this quorum and, pursuant to the letter agreement, our sponsor,
officers and directors have agreed to vote their founder shares and any public shares purchased during or after this offering
(including in open market and privately-negotiated transactions) in favor of our initial business combination. For purposes
of seeking approval of the majority of our outstanding shares of common stock voted, non-votes will have no effect on the
approval of our initial business combination once a quorum is obtained. As a result, in addition to our initial stockholders'
founder shares, we would need only 7,500,001, or 37.5%, of the 20,000,000 public shares sold in this offering to be voted in favor
of an initial business combination in order to have our initial business combination approved (assuming all outstanding shares
are voted and the over-allotment option is not exercised). We intend to give not less than 10 days' nor more than 60
days' prior written notice of any such meeting, if required, at which a vote shall be taken to approve our initial business
combination. These quorum and voting thresholds, and the voting agreements of our initial stockholders, may make it more likely
that we will consummate our initial business combination. Each public stockholder may elect to redeem its public shares irrespective
of whether they vote for or against the proposed transaction or whether they were a stockholder on the record date for the stockholder
meeting held to approve the proposed transaction.
79
If a stockholder vote is not required and we do not decide
to hold a stockholder vote for business or other legal reasons, we will:
•     conduct
the redemptions pursuant to Rule 13e-4 and Regulation 14E of the Exchange Act, which regulate issuer tender offers, and
•     file
tender offer documents with the SEC prior to completing our initial business combination, which contain substantially the same
financial and other information about the initial business combination and the redemption rights as is required under Regulation
14A of the Exchange Act, which regulates the solicitation of proxies.
In the event we conduct redemptions pursuant to the tender
offer rules, our offer to redeem will remain open for at least 20 business days, in accordance with Rule 14e-1(a) under the Exchange
Act, and we will not be permitted to complete our initial business combination until the expiration of the tender offer period.
In addition, the tender offer will be conditioned on public stockholders not tendering more than a specified number of public
shares, which number will be based on the requirement that we will only redeem our public shares so long as (after such redemption)
our net tangible assets will be at least $5,000,001 either immediately prior to or upon consummation of our initial business combination
and after payment of deferred underwriters' fees and commissions (so that we are not subject to the SEC's "penny
stock" rules) or any greater net tangible asset or cash requirement that may be contained in the agreement relating to our
initial business combination. If public stockholders tender more shares than we have offered to purchase, we will withdraw the
tender offer and not complete the initial business combination.
Upon the public announcement of our initial business combination,
if we elect to conduct redemptions pursuant to the tender offer rules, we or our sponsor will terminate any plan established in
accordance with Rule 10b5-1 to purchase shares of our Class A common stock in the open market, in order to comply with Rule
14e-5 under the Exchange Act.
We intend to require our public stockholders seeking to exercise
their redemption rights, whether they are record holders or hold their shares in "street name," to, at the holder's
option, either deliver their stock certificates to our transfer agent or deliver their shares to our transfer agent electronically
using the Depository Trust Company's DWAC (Deposit/Withdrawal At Custodian) system, prior to the date set forth in the proxy
materials or tender offer documents, as applicable. In the case of proxy materials, this date may be up to two business days prior
to the vote on the proposal to approve the initial business combination. In addition, if we conduct redemptions in connection
with a stockholder vote, we intend to require a public stockholder seeking redemption of its public shares to also submit a written
request for redemption to our transfer agent two business days prior to the vote in which the name of the beneficial owner of
such shares is included. The proxy materials or tender offer documents, as applicable, that we will furnish to holders of our
public shares in connection with our initial business combination will indicate whether we are requiring public stockholders to
satisfy such delivery requirements. We believe that this will allow our transfer agent to efficiently process any redemptions
without the need for further communication or action from the redeeming public stockholders, which could delay redemptions and
result in additional administrative cost. If the proposed initial business combination is not approved and we continue to search
for a target company, we will promptly return any certificates or shares delivered by public stockholders who elected to redeem
their shares.
Our amended and restated certificate of incorporation will
provide that we will only redeem our public shares so long as (after such redemption) our net tangible assets will be at least
$5,000,001 either immediately prior to or upon consummation of our initial business combination and after payment of deferred
underwriters' fees and commissions (so that we are not subject to the SEC's "penny stock" rules) or any
greater net tangible asset or cash requirement which may be contained in the agreement relating to our initial business combination.
For example, the proposed initial business combination may require: (i) cash consideration to be paid to the target or its owners,
(ii) cash to be transferred to the target for working capital or other general corporate purposes or (iii) the retention of cash
to satisfy other conditions in accordance with the terms of the proposed initial business combination. In the event the aggregate
cash consideration we would be required to pay for all shares of Class A common stock that are validly submitted for redemption
plus any amount required to satisfy cash conditions pursuant to the terms of the proposed initial business combination exceed
the aggregate amount of cash available to us, we will not complete the initial business combination or redeem any shares, and
all shares of Class A common stock submitted for redemption will be returned to the holders thereof.
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Limitation on Redemption upon Completion of our Initial
Business Combination if we Seek Stockholder Approval
Notwithstanding the foregoing, if we seek stockholder approval
of our initial business combination and we do not conduct redemptions in connection with our initial business combination pursuant
to the tender offer rules, our amended and restated certificate of incorporation will provide that a public stockholder, together
with any affiliate of such stockholder or any other person with whom such stockholder is acting in concert or as a "group"
(as defined under Section 13 of the Exchange Act), will be restricted from seeking redemption rights with respect to more than
an aggregate of 15% of the shares sold in this offering, which we refer to as the "Excess Shares." Such restriction
shall also be applicable to our affiliates. We believe this restriction will discourage stockholders from accumulating large blocks
of shares, and subsequent attempts by such holders to use their ability to exercise their redemption rights against a proposed
initial business combination as a means to force us or our management to purchase their shares at a significant premium to the
then-current market price or on other undesirable terms. Absent this provision, a public stockholder holding more than an
aggregate of 15% of the shares sold in this offering could threaten to exercise its redemption rights if such holder's shares
are not purchased by us or our management at a premium to the then-current market price or on other undesirable terms. By
limiting our stockholders' ability to redeem no more than 15% of the shares sold in this offering without our prior consent,
we believe we will limit the ability of a small group of stockholders to unreasonably attempt to block our ability to complete
our initial business combination, particularly in connection with an initial business combination with a target that requires
as a closing condition that we have a minimum net worth or a certain amount of cash. However, we would not be restricting our
stockholders' ability to vote all of their shares (including Excess Shares) for or against our initial business combination.
Delivering Stock Certificates in Connection with the Exercise
of Redemption Rights
As described above, we intend to require our public stockholders
seeking to exercise their redemption rights, whether they are record holders or hold their shares in "street name,"
to, at the holder's option, either deliver their stock certificates to our transfer agent or deliver their shares to our
transfer agent electronically using the Depository Trust Company's DWAC (Deposit/Withdrawal At Custodian) system, prior
to the date set forth in the proxy materials or tender offer documents, as applicable. In the case of proxy materials, this date
may be up to two business days prior to the vote on the proposal to approve the initial business combination. In addition, if
we conduct redemptions in connection with a stockholder vote, we intend to require a public stockholder seeking redemption of
its public shares to also submit a written request for redemption to our transfer agent two business days prior to the vote in
which the name of the beneficial owner of such shares is included. The proxy materials or tender offer documents, as applicable,
that we will furnish to holders of our public shares in connection with our initial business combination will indicate whether
we are requiring public stockholders to satisfy such delivery requirements. Accordingly, a public stockholder would have up to
two business days prior to the vote on the initial business combination if we distribute proxy materials, or from the time we
send out our tender offer materials until the close of the tender offer period, as applicable, to submit or tender its shares
if it wishes to seek to exercise its redemption rights. In the event that a stockholder fails to comply with these or any other
procedures disclosed in the proxy or tender offer materials, as applicable, its shares may not be redeemed. Given the relatively
short exercise period, it is advisable for stockholders to use electronic delivery of their public shares.
There is a nominal cost associated with the above-referenced process
and the act of certificating the shares or delivering them through the DWAC system. The transfer agent will typically charge the
broker submitting or tendering shares a fee of approximately $80.00 and it would be up to the broker whether or not to pass this
cost on to the redeeming holder. However, this fee would be incurred regardless of whether or not we require holders seeking to
exercise redemption rights to submit or tender their shares. The need to deliver shares is a requirement of exercising redemption
rights regardless of the timing of when such delivery must be effectuated.
Any request to redeem such shares, once made, may be withdrawn
at any time up to the date set forth in the proxy materials or tender offer documents, as applicable. Furthermore, if a holder
of a public share delivered its certificate in connection with an election of redemption rights and subsequently decides prior
to the applicable date not to elect to exercise such rights, such holder may simply request that the transfer agent return the
certificate (physically or electronically). It is anticipated that the funds to be distributed to holders of our public shares
electing to redeem their shares will be distributed promptly after the completion of our initial business combination.
If our initial business combination is not approved or completed
for any reason, then our public stockholders who elected to exercise their redemption rights would not be entitled to redeem their
shares for the applicable
pro rata
share of the trust account. In such case, we will promptly return any certificates
delivered by public holders who elected to redeem their shares.
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If our initial proposed initial business combination is not
completed, we may continue to try to complete an initial business combination with a different target until 24 months from
the closing of this offering.
Redemption of Public Shares and Liquidation if no Initial
Business Combination
Our amended and restated certificate of incorporation will
provide that we will have only 24 months from the closing of this offering to complete our initial business combination.
If we are unable to complete our initial business combination within such 24-month period, we will: (i) cease all operations
except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than 10 business days thereafter, redeem
the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account
including interest earned on the funds held in the trust account and not previously released to us to pay our taxes (less up to
$100,000 of interest to pay dissolution expenses), divided by the number of then outstanding public shares, which redemption will
completely extinguish public stockholders' rights as stockholders (including the right to receive further liquidating distributions,
if any), and (iii) as promptly as reasonably possible following such redemption, subject to the approval of our remaining stockholders
and our board of directors, liquidate and dissolve, subject in each case to our obligations under Delaware law to provide for
claims of creditors and the requirements of other applicable law. There will be no redemption rights or liquidating distributions
with respect to our warrants, which will expire worthless if we fail to complete our initial business combination within the 24-month time
period.
Our sponsor, officers and directors have entered into a letter
agreement with us, pursuant to which they have waived their rights to liquidating distributions from the trust account with respect
to any founder shares held by them if we fail to complete our initial business combination within 24 months from the closing
of this offering. However, if our sponsor, officers or directors acquire public shares in or after this offering, they will be
entitled to liquidating distributions from the trust account with respect to such public shares if we fail to complete our initial
business combination within the allotted 24-month time period.
Our sponsor, officers and directors have agreed, pursuant to
a written agreement with us, that they will not propose any amendment to our amended and restated certificate of incorporation
to (A) modify the substance or timing of our obligation to provide for the redemption of our public shares in connection with
an initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination
within 24 months from the closing of this offering or (B) with respect to any other material provisions relating to stockholders'
rights or pre-initial business combination activity, unless we provide our public stockholders with the opportunity to redeem
their shares of Class A common stock upon approval of any such amendment at a per-share price, payable in cash, equal to
the aggregate amount then on deposit in the trust account including interest earned on the funds held in the trust account and
not previously released to us to pay our taxes, divided by the number of then outstanding public shares. However, we will only
redeem our public shares so long as (after such redemption) our net tangible assets will be at least $5,000,001 either immediately
prior to or upon consummation of our initial business combination and after payment of deferred underwriters' fees and commissions
(so that we are not subject to the SEC's "penny stock" rules). If this optional redemption right is exercised
with respect to an excessive number of public shares such that we cannot satisfy the net tangible asset requirement (described
above), we would not proceed with the amendment or the related redemption of our public shares at such time.
We expect that all costs and expenses associated with implementing
our plan of dissolution, as well as payments to any creditors, will be funded from amounts remaining out of the approximately
$1,000,000 of proceeds held outside the trust account, although we cannot assure you that there will be sufficient funds for such
purpose. We will depend on sufficient interest being earned on the proceeds held in the trust account to pay any tax obligations
we may owe. However, if those funds are not sufficient to cover the costs and expenses associated with implementing our plan of
dissolution, to the extent that there is any interest accrued in the trust account not required to pay taxes on interest income
earned on the trust account balance, we may request the trustee to release to us an additional amount of up to $100,000 of such
accrued interest to pay those costs and expenses.
If we were to expend all of the net proceeds of this offering
and the sale of the private placement warrants, other than the proceeds deposited in the trust account, and without taking into
account interest, if any, earned on the trust account, the per-share redemption amount received by stockholders upon our
dissolution would be approximately $10.00. The proceeds deposited in the trust account could, however, become subject to the claims
of our creditors which would have higher priority than the claims of our public stockholders. We cannot assure you that the actual
per-share redemption amount received by stockholders will not be substantially less than $10.00. Under Section 281(b)
of the DGCL, our plan of dissolution must provide for all claims against us to be paid in full or make provision for payments
to be made in full, as applicable, if there are sufficient assets. These claims must be paid or provided for before we make any
distribution of our remaining assets to our stockholders. While we intend to pay such amounts, if any, we cannot assure you that
we will have funds sufficient to pay or provide for all creditors' claims.
82
Although we will seek to have all vendors, service providers,
prospective target businesses and other entities with which we do business execute agreements with us waiving any right, title,
interest or claim of any kind in or to any monies held in the trust account for the benefit of our public stockholders, such parties
may not execute such agreements or even if they execute such agreements, they may not be prevented from bringing claims against
the trust account, including, but not limited to, fraudulent inducement, breach of fiduciary responsibility or other similar claims,
as well as claims challenging the enforceability of the waiver, in each case in order to gain advantage with respect to a claim
against our assets, including the funds held in the trust account. If any third party refuses to enter into an agreement waiving
such claims to the monies held in the trust account, our management will consider whether competitive alternatives are reasonably
available to the Company, and will only enter into an agreement with such third party if our management believes that such third
party's engagement would be in the best interests of the Company under the circumstances. Examples of possible instances
where we may engage a third party that refuses to execute a waiver include the engagement of a third-party consultant whose
particular expertise or skills are believed by management to be significantly superior to those of other consultants that would
agree to execute a waiver or in cases where management is unable to find a service provider willing to execute a waiver. Marcum
LLP, our independent registered public accounting firm, and the underwriters of the offering will not execute agreements with
us waiving such claims to the monies held in the trust account.
In addition, there is no guarantee that such entities will
agree to waive any claims they may have in the future as a result of, or arising out of, any negotiations, contracts or agreements
with us and will not seek recourse against the trust account for any reason. Upon redemption of our public shares, if we are unable
to complete our initial business combination within the prescribed timeframe, or upon the exercise of a redemption right in connection
with our initial business combination, we will be required to provide for payment of claims of creditors that were not waived
that may be brought against us within the 10 years following redemption. Accordingly, the per-share redemption amount received
by public stockholders could be less than the $10.00 per share initially held in the trust account, due to claims of such creditors.
Pursuant to the letter agreement, the form of which is filed as Exhibit 10.1 to the registration statement of which this prospectus
forms a part, our sponsor has agreed that it will be liable to us if and to the extent any claims by a third party for services
rendered or products sold to us, or a prospective target business with which we have entered into a written letter of intent,
confidentiality or similar agreement or business combination agreement, reduce the amount of funds in the trust account to below
the lesser of (i) $10.00 per public share and (ii) the actual amount per public share held in the trust account as of the date
of the liquidation of the trust account, if less than $10.00 per share due to reductions in the value of the trust assets, less
taxes payable; provided that such liability will not apply to any claims by a third party or prospective target business who executed
a waiver of any and all rights to the monies held in the trust account (whether or not such waiver is enforceable) nor will it
apply to any claims under our indemnity of the underwriters of this offering against certain liabilities, including liabilities
under the Securities Act. However, we have not asked our sponsor to reserve for such indemnification obligations, nor have we
independently verified whether our sponsor has sufficient funds to satisfy their indemnity obligations, and believe that our sponsor's
only assets are securities of our company. Therefore, we cannot assure you that our sponsor would be able to satisfy those obligations.
As a result, if any such claims were successfully made against the trust account, the funds available for our initial business
combination and redemptions could be reduced to less than $10.00 per public share. In such event, we may not be able to complete
our initial business combination, and you would receive such lesser amount per share in connection with any redemption of your
public shares. None of our officers or directors will indemnify us for claims by third parties, including, without limitation,
claims by vendors and prospective target businesses.
In the event that the proceeds in the trust account are reduced
below (i) $10.00 per public share or (ii) such lesser amount per public share held in the trust account as of the date of the
liquidation of the trust account, due to reductions in value of the trust assets, in each case net of the amount of interest which
may be withdrawn to pay taxes, and our sponsor asserts that it is unable to satisfy its indemnification obligations or that it
has no indemnification obligations related to a particular claim, our independent directors would determine whether to take legal
action against our sponsor to enforce its indemnification obligations. While we currently expect that our independent directors
would take legal action on our behalf against our sponsor to enforce its indemnification obligations to us, it is possible that
our independent directors in exercising their business judgment may choose not to do so if, for example, the cost of such legal
action is deemed by the independent directors to be too high relative to the amount recoverable or if the independent directors
determine that a favorable outcome is not likely. We have not asked our sponsor to reserve for such indemnification obligations
and we cannot assure you that our sponsor would be able to satisfy those obligations, and believe that our sponsor's only
assets are securities of our company. Accordingly, we cannot assure you that due to claims of creditors the actual value of the
per-share redemption price will not be less than $10.00 per public share.
83
We will seek to reduce the possibility that our sponsor will
have to indemnify the trust account due to claims of creditors by endeavoring to have all vendors, service providers, prospective
target businesses or other entities with which we do business execute agreements with us waiving any right, title, interest or
claim of any kind in or to monies held in the trust account. Our sponsor will also not be liable as to any claims under our indemnity
of the underwriters of this offering against certain liabilities, including liabilities under the Securities Act. We will have
access to up to approximately $1,000,000 from the proceeds of this offering with which to pay any such potential claims (including
costs and expenses incurred in connection with our liquidation, currently estimated to be no more than approximately $100,000).
In the event that we liquidate and it is subsequently determined that the reserve for claims and liabilities is insufficient,
stockholders who received funds from our trust account could be liable for claims made by creditors. In the event that our offering
expenses exceed our estimate of $750,000, we may fund such excess with funds from the funds not to be held in the trust account.
In such case, the amount of funds we intend to be held outside the trust account would decrease by a corresponding amount. Conversely,
in the event that the offering expenses are less than our estimate of $750,000, the amount of funds we intend to be held outside
the trust account would increase by a corresponding amount.
Under the DGCL, stockholders may be held liable for claims
by third parties against a corporation to the extent of distributions received by them in a dissolution. The
pro rata
portion
of our trust account distributed to our public stockholders upon the redemption of our public shares in the event we do not complete
our initial business combination within 24 months from the closing of this offering may be considered a liquidating distribution
under Delaware law. If the corporation complies with certain procedures set forth in Section 280 of the DGCL intended to ensure
that it makes reasonable provision for all claims against it, including a 60-day notice period during which any third-party claims
can be brought against the corporation, a 90-day period during which the corporation may reject any claims brought, and an
additional 150-day waiting period before any liquidating distributions are made to stockholders, any liability of stockholders
with respect to a liquidating distribution is limited to the lesser of such stockholder's
pro rata
share
of the claim or the amount distributed to the stockholder, and any liability of the stockholder would be barred after the third
anniversary of the dissolution.
Furthermore, if the
pro rata
portion of our
trust account distributed to our public stockholders upon the redemption of our public shares in the event we do not complete
our initial business combination within 24 months from the closing of this offering, is not considered a liquidating distribution
under Delaware law and such redemption distribution is deemed to be unlawful (potentially due to the imposition of legal proceedings
that a party may bring or due to other circumstances that are currently unknown), then pursuant to Section 174 of the DGCL, the
statute of limitations for claims of creditors could then be six years after the unlawful redemption distribution, instead of
three years, as in the case of a liquidating distribution. If we are unable to complete our initial business combination within
24 months from the closing of this offering, we will: (i) cease all operations except for the purpose of winding up, (ii)
as promptly as reasonably possible but not more than 10 business days thereafter, redeem the public shares, at a per-share price,
payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held
in the trust account and not previously released to us to pay our taxes (less up to $100,000 of interest to pay dissolution expenses),
divided by the number of then outstanding public shares, which redemption will completely extinguish public stockholders'
rights as stockholders (including the right to receive further liquidating distributions, if any), and (iii) as promptly as reasonably
possible following such redemption, subject to the approval of our remaining stockholders and our board of directors, liquidate
and dissolve, subject in each case to our obligations under Delaware law to provide for claims of creditors and the requirements
of other applicable law. Accordingly, it is our intention to redeem our public shares as soon as reasonably possible following
our 24
th
month and, therefore, we do not intend to comply with those procedures. As such, our stockholders could
potentially be liable for any claims to the extent of distributions received by them (but no more) and any liability of our stockholders
may extend well beyond the third anniversary of such date.
84
Because we will not be complying with Section 280, Section
281(b) of the DGCL requires us to adopt a plan, based on facts known to us at such time that will provide for our payment of all
existing and pending claims or claims that may be potentially brought against us within the subsequent 10 years. However, because
we are a blank check company, rather than an operating company, and our operations will be limited to searching for prospective
target businesses to acquire, the only likely claims to arise would be from our vendors (such as lawyers, investment bankers,
etc.) or prospective target businesses. As described above, pursuant to the obligation contained in our underwriting agreement,
we will seek to have all vendors, service providers, prospective target businesses or other entities with which we do business
execute agreements with us waiving any right, title, interest or claim of any kind in or to any monies held in the trust account.
As a result of this obligation, the claims that could be made against us are significantly limited and the likelihood that any
claim that would result in any liability extending to the trust account is remote. Further, our sponsor may be liable only to
the extent necessary to ensure that the amounts in the trust account are not reduced below (i) $10.00 per public share or (ii)
such lesser amount per public share held in the trust account as of the date of the liquidation of the trust account, due to reductions
in value of the trust assets, in each case net of the amount of interest released to us to pay taxes and will not be liable as
to any claims under our indemnity of the underwriters of this offering against certain liabilities, including liabilities under
the Securities Act. In the event that an executed waiver is deemed to be unenforceable against a third party, our sponsor will
not be responsible to the extent of any liability for such third-party claims.
If we file a bankruptcy petition or an involuntary bankruptcy
petition is filed against us that is not dismissed, the proceeds held in the trust account could be subject to applicable bankruptcy
law, and may be included in our bankruptcy estate and subject to the claims of third parties with priority over the claims of
our stockholders. To the extent any bankruptcy claims deplete the trust account, we cannot assure you we will be able to return
$10.00 per share to our public stockholders. Additionally, if we file a bankruptcy petition or an involuntary bankruptcy petition
is filed against us that is not dismissed, any distributions received by stockholders could be viewed under applicable debtor/creditor
and/or bankruptcy laws as either a "preferential transfer" or a "fraudulent conveyance." As a result,
a bankruptcy court could seek to recover some or all amounts received by our stockholders. Furthermore, our board of directors
may be viewed as having breached its fiduciary duty to our creditors and/or may have acted in bad faith, thereby exposing itself
and our company to claims of punitive damages, by paying public stockholders from the trust account prior to addressing the claims
of creditors. We cannot assure you that claims will not be brought against us for these reasons.
Our public stockholders will be entitled to receive funds from
the trust account only upon the earlier to occur of: (i) the completion of our initial business combination, (ii) the redemption
of any public shares properly submitted in connection with a stockholder vote to amend any provisions of our amended and restated
certificate of incorporation to (A) modify the substance or timing of our obligation to provide for the redemption of our public
shares in connection with an initial business combination or to redeem 100% of our public shares if we do not complete our initial
business combination within 24 months from the closing of this offering or (B) with respect to any other material provisions
relating to stockholders' rights or pre-initial business combination activity, and (iii) the redemption of all of our
public shares if we are unable to complete our business combination within 24 months from the closing of this offering, subject
to applicable law. In no other circumstances will a stockholder have any right or interest of any kind to or in the trust account.
In the event we seek stockholder approval in connection with our initial business combination, a stockholder's voting in
connection with the initial business combination alone will not result in a stockholder's redeeming its shares to us for
an applicable
pro rata
share of the trust account. Such stockholder must have also exercised its redemption rights
as described above. These provisions of our amended and restated certificate of incorporation, like all provisions of our amended
and restated certificate of incorporation, may be amended with a stockholder vote.
Comparison of Redemption or Purchase Prices in Connection
with Our Initial Business Combination and if We Fail to Complete Our Initial Business Combination
The following table compares the redemptions and other permitted
purchases of public shares that may take place in connection with the completion of our initial business combination and if we
are unable to complete our initial business combination within 24 months from the closing of this offering.
85
Redemptions
    in Connection
with our Initial Business
Combination
Other
    Permitted Purchases
of Public Shares by us or our
Affiliates
Redemptions
    if we fail to
Complete an Initial Business
Combination
Calculation of
    redemption price
Redemptions
    at the time of our initial business combination may be made pursuant to a tender offer or in connection with a stockholder
    vote. The same whether we conduct redemptions pursuant to a tender offer or in connection with a stockholder vote. In either
    case, our public stockholders may redeem their public shares for cash equal to the aggregate amount then on deposit in the
    trust account as of two business days prior to the consummation of the initial business combination (which is initially anticipated
    to be $10.00 per public share), including interest earned on the funds held in the trust account and not previously released
    to us to pay our taxes divided by the number of then outstanding public shares, subject to the limitation that no redemptions
    will take place, if all of the redemptions would cause our net tangible assets will be at least $5,000,001 either immediately
    prior to or upon consummation of our initial business combination and any limitations (including, but not limited to, cash
    requirements) agreed to in connection with the negotiation of terms of a proposed initial business combination.
If
    we seek stockholder approval of our initial business combination, our sponsor, directors, officers, advisors or their affiliates
    may purchase shares in privately-negotiated transactions or in the open market prior to or following completion of our
    initial business combination. There is no limit to the prices that our sponsor, directors, officers, advisors or their affiliates
    may pay in these transactions. Such purchases will be made only to the extent such purchases are able to be made in compliance
    with Rule 10b-18, which is a safe harbor from liability for manipulation under Section 9(a)(2) and Rule 10b-5 of
    the Exchange Act. None of the funds in the trust account will be used to purchase shares in such transactions.
If
    we are unable to complete our initial business combination within 24 months from the closing of this offering, we will
    redeem 100% of the public shares at a per-share price, payable in cash, equal to the aggregate amount, then on deposit
    in the trust account (which is initially anticipated to be $10.00 per public share including, interest earned on the funds
    held in the trust account and not previously released to us to pay our taxes (less up to $100,000 of interest to pay dissolution
    expenses)), divided by the number of then outstanding public shares.
86
Redemptions
    in Connection
with our Initial Business
Combination
Other
    Permitted Purchases
of Public Shares by us or our
Affiliates
Redemptions
    if we fail to
Complete an Initial Business
Combination
Impact to remaining
    stockholders
The redemptions in connection with our initial
    business combination will reduce the book value per share for our remaining stockholders, who will bear the burden of the
    deferred underwriting commissions and taxes payable.
If the permitted purchases described above are
    made there would be no impact to our remaining stockholders because the purchase price would not be paid by us.
The redemption of our public shares if we fail
    to complete our initial business combination will reduce the book value per share for the shares held by our initial stockholders,
    who will be our only remaining stockholders after such redemptions.
Comparison of This Offering to Those of Blank Check Companies
Subject to Rule 419
The following table compares the terms of this offering to
the terms of an offering by a blank check company subject to the provisions of Rule 419. This comparison assumes that the gross
proceeds, underwriting commissions and underwriting expenses of our offering would be identical to those of an offering undertaken
by a company subject to Rule 419, and that the underwriters will not exercise their over-allotment option. None of the provisions
of Rule 419 apply to our offering.
Terms
    of our Offering
Terms
    under a Rule 419 Offering
Escrow of offering proceeds
$200,000,000 of the net proceeds of this offering
    and the sale of the private placement warrants will be deposited into a trust account in the United States at J.P. Morgan
    Chase Bank, N.A., with Continental Stock Transfer & Trust Company acting as trustee.
Approximately $170,100,000 of the offering proceeds
    would be deposited into either an escrow account with an insured depositary institution or in a separate bank account established
    by a broker-dealer in which the broker-dealer acts as trustee for persons having the beneficial interests in the
    account.
Investment of net proceeds
$200,000,000
    of the net offering proceeds and the sale of the private placement warrants held in trust will be invested only in U.S. government
    treasury bills with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under
    the Investment Company Act which invest only in direct U.S. government treasury obligations.
Proceeds
    could be invested only in specified securities such as a money market fund meeting conditions of the Investment Company Act
    or in securities that are direct obligations of, or obligations guaranteed as to principal or interest by, the United States.
Receipt of interest on escrowed funds
Interest
    on proceeds from the trust account to be paid to redeeming stockholders is reduced by (i) any income or franchise taxes paid
    or payable, and (ii) in the event of our liquidation for failure to complete our initial business combination within the allotted
    time, up to $100,000 of net interest that may be released to us should we have no or insufficient working capital to fund
    the costs and expenses of our dissolution and liquidation.
Interest
    on funds in escrow account would be held for the sole benefit of investors, unless and only after the funds held in escrow
    were released to us in connection with our completion of a business combination.
87
Terms
    of our Offering
Terms
    under a Rule 419 Offering
Limitation on fair value or fair
    market value of target business
In accordance with the rules of Nasdaq, our
    initial business combination must occur with one or more target businesses that together have an aggregate fair market value
    of at least 80% of the value of the assets held in the trust account (net of amounts disbursed to management for working capital
    purposes, if any, and excluding the amount of deferred underwriting discounts held in trust and taxes payable on the income
    earned on the trust account) at the time of our signing a definitive agreement in connection with our initial business combination.
The fair value or fair market value of a target
    business must represent at least 80% of the maximum offering proceeds.
Trading of securities issued
We
    expect the units will begin trading on or promptly after the date of this prospectus. The Class A common stock and warrants
    comprising the units will begin separate trading on the 52
nd
day following the date of this prospectus unless
    Raymond James & Associates, Inc. and EarlyBirdCapital, Inc. inform us of their decision to allow earlier separate trading,
    subject to our having filed the Current Report on Form 8-K described below and having issued a press release announcing
    when such separate trading will begin. We will file the Current Report on Form 8-K promptly after the closing of this
    offering, which closing is anticipated to take place three business days from the date of this prospectus. If the over-allotment option
    is exercised following the initial filing of such Current Report on Form 8-K, an additional Current Report on Form 8-K will
    be filed to provide updated financial information to reflect the exercise of the over-allotment option.
No
    trading of the units or the underlying Class A common stock and warrants would be permitted until the completion of a business
    combination. During this period, the securities would be held in the escrow or trust account.
Exercise of the warrants
The
    warrants cannot be exercised until the later of 30 days after the completion of our initial business combination and 12 months
    from the closing of this offering.
The
    warrants could be exercised prior to the completion of a business combination, but securities received and cash paid in connection
    with the exercise would be deposited in the escrow or trust account.
Election to remain an investor
We
    will provide our public stockholders with the opportunity to redeem their public shares for cash equal to their pro rata share
    of the aggregate amount then on deposit in the trust account as of two business days prior to the consummation of our initial
    business combination, including interest earned on the funds held in the trust account and not previously released to us to
    pay
A
    prospectus containing information pertaining to the business combination required by the SEC would be sent to each investor.
    Each investor would be given the opportunity to notify the company in writing, within a period of no less than 20 business
    days and no more than 45 business days from the effective date of a post-effective amendment to the company's registration
    statement,
88
Terms
    of our Offering
Terms
    under a Rule 419 Offering
our
    taxes, upon the completion of our initial business combination, subject to the limitations described herein. We may not be
    required by law to hold a stockholder vote. We intend to give approximately 30 days' (but not less than 10 days'
    nor more than 60 days') prior written notice of any such meeting, if required, at which a vote shall be taken to approve
    our initial business combination. If we are not required by law and do not otherwise decide to hold a stockholder vote, we
    will, pursuant to our amended and restated certificate of incorporation, conduct the redemptions pursuant to the tender offer
    rules of the SEC and file tender offer documents with the SEC which will contain substantially the same financial and other
    information about the initial business combination and the redemption rights as is required under the SEC's proxy rules.
    In the event we conduct redemptions pursuant to the tender offer rules, our offer to redeem will remain open for at least
    20 business days, in accordance with Rule 14e-1(a) under the Exchange Act, and we will not be permitted to complete our
    initial business combination until the expiration of the tender offer period. If, however, we hold a stockholder vote, we
    will, like many blank check companies, offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy
    rules. If we seek stockholder approval, we will complete our initial business combination only if a majority of the outstanding
    shares of common stock voted are voted in favor of the initial business combination. Additionally, each public stockholder
    may elect to redeem their public shares irrespective of whether they vote for or against the proposed transaction. A quorum
    for such meeting will consist of the holders present in person or by proxy of shares of outstanding capital stock of the company
    representing a majority of the voting power of all outstanding shares of capital stock of the company entitled to vote at
    such meeting.
to
    decide if it elects to remain a stockholder of the company or require the return of its investment. If the company has not
    received the notification by the end of the 45
th
business day, funds and interest or dividends, if any, held
    in the trust or escrow account are automatically returned to the stockholder. Unless a sufficient number of investors elect
    to remain investors, all funds on deposit in the escrow account must be returned to all of the investors and none of the securities
    are issued.
89
Terms
    of our Offering
Terms
    under a Rule 419 Offering
Business combination deadline
If we are unable to complete an initial business
    combination within 24 months from the closing of this offering, we will: (i) cease all operations except for the purpose
    of winding up, (ii) as promptly as reasonably possible but not more than 10 business days thereafter, redeem 100% of the public
    shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including
    interest earned on the funds held in the trust account and not previously released to us to pay our taxes (less up to $100,000
    of interest to pay dissolution expenses), divided by the number of then outstanding public shares, which redemption will completely
    extinguish public stockholders' rights as stockholders (including the right to receive further liquidating distributions,
    if any), and (iii) as promptly as reasonably possible following such redemption, subject to the approval of our remaining
    stockholders and our board of directors, liquidate and dissolve, subject in each case to our obligations under Delaware law
    to provide for claims of creditors and the requirements of other applicable law.
If a business combination has not been completed
    within 24 months after the effective date of our registration statement, funds held in the trust or escrow account are
    returned to investors.
Limitation on redemption rights of
    stockholders holding more than 15% of the shares sold in this offering if we hold a
    stockholder vote
If
    we seek stockholder approval of our initial business combination and we do not conduct redemptions in connection with our
    initial business combination pursuant to the tender offer rules, our amended and restated certificate of incorporation will
    provide that a public stockholder (including our affiliates), together with any affiliate of such stockholder or any other
    person with whom such stockholder is acting in concert or as a "group" (as defined under Section 13 of the Exchange
    Act), will be restricted from seeking redemption rights with respect to Excess Shares (more than an aggregate of 15% of the
    shares sold in this offering). Our public stockholders' inability to redeem Excess Shares will reduce their influence
    over our ability to complete our initial business combination and they could suffer a material loss on their investment in
    us if they sell any Excess Shares in open market transactions.
Many
    blank check companies provide no restrictions on the ability of stockholders to redeem shares based on the number of shares
    held by such stockholders in connection with an initial business combination.
90
Terms
    of our Offering
Terms
    under a Rule 419 Offering
Tendering stock certificates in connection
    with a tender offer or redemption rights
We
    intend to require our public stockholders seeking to exercise their redemption rights, whether they are record holders or
    hold their shares in "street name," to, at the holder's option, either deliver their stock certificates
    to our transfer agent or deliver their shares to our transfer agent electronically using the Depository Trust Company's
    DWAC (Deposit/Withdrawal At Custodian) system, prior to the date set forth in the proxy materials or tender offer documents,
    as applicable. In the case of proxy materials, this date may be up to two business days prior to the vote on the proposal
    to approve the initial business combination. In addition, if we conduct redemptions in connection with a stockholder vote,
    we intend to require a public stockholder seeking redemption of its public shares to also submit a written request for redemption
    to our transfer agent two business days prior to the vote in which the name of the beneficial owner of such shares is included.
    The proxy materials or tender offer documents, as applicable, that we will furnish to holders of our public shares in connection
    with our initial business combination will indicate whether we are requiring public stockholders to satisfy such delivery
    requirements. Accordingly, a public stockholder would have up to two business days prior to the vote on the initial business
    combination if we distribute proxy materials, or from the time we send out our tender offer materials until the close of the
    tender offer period, as applicable, to submit or tender its shares if it wishes to seek to exercise its redemption rights.
In
    order to perfect redemption rights in connection with their business combinations, holders could vote against a proposed initial
    business combination and check a box on the proxy card indicating such holders were seeking to exercise their redemption rights.
    After the business combination was approved, the Company would contact such stockholders to arrange for them to deliver their
    certificate to verify ownership.
Release
    of funds
Except
    with respect to interest earned on the funds held in the trust account that may be released to us to pay our tax obligations,
    the proceeds from this offering and the sale of the private placement warrants held in the trust account will not be released
    from the trust account until the earliest to occur of: (i) the completion of our initial business combination, (ii) the redemption
    of any public shares properly submitted in connection with a stockholder vote to amend our amended and restated certificate
    of incorporation
The
    proceeds held in the escrow account are not released until the earlier of the completion of a business combination or the
    failure to effect a business combination within the allotted time.
91
Terms
    of our Offering
Terms
    under a Rule 419 Offering
to (A) modify the substance or timing of our
    obligation to provide for the redemption of our public shares in connection with an initial business combination or to redeem
    100% of our public shares if we do not complete our initial business combination within 24 months from the closing of
    this offering or (B) with respect to any other material provisions relating to stockholders' rights or pre-initial business
    combination activity, and (iii) the redemption of 100% of our public shares if we are unable to complete an initial business
    combination within the required time frame (subject to the requirements of applicable law). On the completion of our initial
    business combination, all amounts held in the trust account will be released to us, less amounts released to a separate account
    controlled by the trustee for disbursal to redeeming stockholders. We will use these funds to pay amounts due to any public
    stockholders who exercise their redemption rights as described above under "Redemption rights for public stockholders
    upon completion of our initial business combination," to pay the underwriters their deferred underwriting commissions,
    to pay all or a portion of the consideration payable to the target or owners of the target of our initial business combination
    and to pay other expenses associated with our initial business combination.
Competition
In identifying, evaluating and selecting a target business
for our initial business combination, we may encounter competition from other entities having a business objective similar to
ours, including other blank check companies, private equity groups and leveraged buyout funds, public companies and operating
businesses seeking strategic business combinations. Many of these entities are well established and have extensive experience
identifying and effecting business combinations directly or through affiliates. Moreover, many of these competitors possess greater
financial, technical, human and other resources than we do. Our ability to acquire larger target businesses will be limited by
our available financial resources. This inherent limitation gives others an advantage in pursuing the initial business combination
of a target business. Furthermore, our obligation to pay cash in connection with our public stockholders who exercise their redemption
rights may reduce the resources available to us for our initial business combination and our outstanding warrants, and the future
dilution they potentially represent, may not be viewed favorably by certain target businesses. Either of these factors may place
us at a competitive disadvantage in successfully negotiating an initial business combination.
Facilities
Our executive offices are located at 1900 Main Street, Suite
201, Sarasota, FL 34236, and our telephone number is (937) 610-4057. Commencing on the date of this prospectus, we have agreed
to pay our sponsor a total of $10,000 per month for office space, utilities and secretarial and administrative
support. We consider our current office space adequate for our current operations.
92
Employees
We currently have two officers. These individuals are not obligated
to devote any specific number of hours to our matters but they intend to devote as much of their time as they deem necessary to
our affairs until we have completed our initial business combination. The amount of time they will devote in any time period will
vary based on whether a target business has been selected for our initial business combination and the stage of the initial business
combination process we are in.
Periodic Reporting and Financial Information
We will register our units, Class A common stock and warrants
under the Exchange Act and have reporting obligations, including the requirement that we file annual, quarterly and current reports
with the SEC. In accordance with the requirements of the Exchange Act, our annual reports will contain financial statements audited
and reported on by our independent registered public accountants.
We will provide stockholders with audited financial statements
of the prospective target business as part of the proxy solicitation materials or tender offer documents sent to stockholders
to assist them in assessing the target business. In all likelihood, these financial statements will need to be prepared in accordance
with, or reconciled to, GAAP or IFRS, depending on the circumstances, and the historical financial statements may be required
to be audited in accordance with the standards of the PCAOB. These financial statement requirements may limit the pool of potential
targets we may conduct an initial business combination with because some targets may be unable to provide such statements in time
for us to disclose such statements in accordance with federal proxy rules and complete our initial business combination within
the prescribed time frame. We cannot assure you that any particular target business identified by us as a potential business combination
candidate will have financial statements prepared in accordance with GAAP or that the potential target business will be able to
prepare its financial statements in accordance with the requirements outlined above. To the extent that these requirements cannot
be met, we may not be able to acquire the proposed target business. While this may limit the pool of potential business combination
candidates, we do not believe that this limitation will be material.
We will be required to evaluate our internal control procedures
for the fiscal year ending December 31, 2021 as required by the Sarbanes-Oxley Act. Only in the event we are deemed
to be a large accelerated filer or an accelerated filer, and no longer qualify as an emerging growth company, will we be required
to have our internal control procedures audited. A target company may not be in compliance with the provisions of the Sarbanes-Oxley Act
regarding adequacy of their internal controls. The development of the internal controls of any such entity to achieve compliance
with the Sarbanes-Oxley Act may increase the time and costs necessary to complete any such business combination. Prior to
the date of this prospectus, we will file a Registration Statement on Form 8-A with the SEC to voluntarily register our securities
under Section 12 of the Exchange Act. As a result, we will be subject to the rules and regulations promulgated under the Exchange
Act. We have no current intention of filing a Form 15 to suspend our reporting or other obligations under the Exchange Act prior
or subsequent to the consummation of our initial business combination.
We will remain an emerging growth company until the earlier
of (1) the last day of the fiscal year (a) following the fifth anniversary of the completion of this offering, (b) in which we
have total annual gross revenue of at least $1.07 billion, or (c) in which we are deemed to be a large accelerated filer,
which means the market value of our shares of Class A common stock that are held by non-affiliates exceeds $700 million
as of the prior June 30
th
, and (2) the date on which we have issued more than $1.0 billion in non-convertible debt
during the prior three-year period.
Legal Proceedings
There is no material litigation, arbitration or governmental
proceeding currently pending against us or any members of our management team in their capacity as such.
93
MANAGEMENT
Officers, Directors and Director Nominees
Upon completion of this offering, our directors and officers
will be as follows:
Name
Age
Position
Rajesh Soin
73
Chairman
Anthony Kenney
66
Chief Executive Officer and Director Nominee
Michael Gearhardt
65
Chief Financial Officer
Mitchell Steenrod
54
Director Nominee
Donald Graber
77
Director Nominee
John Bachman
64
Director Nominee
Rajesh Soin
has been our Chairman since July 2020. Mr.
Soin founded Modern Technologies Corporation in 1984. He led the company for 18 years as Chairman and Chief Executive Officer
before taking the company public in 2002 as MTC Technologies, Inc., where he then served as Chairman of the board. In 2008, MTCT
was sold to BAE Systems Inc. in a transaction valued at approximately $450 million. Mr. Soin continued his business career by
serving as Chairman and Chief Executive Officer of Soin LLC, a holding company that controls the Soin Family enterprises and equity
investments. In addition to his entrepreneurial experience, Mr. Soin has served on multiple public and private boards throughout
his career. Mr. Soin's most notable board positions include: Diebold Nixdorf from 2012 to 2018, Kayne Anderson Real Estate
Partners Funds II and III from 2013 to present, and Transtar Industries from 2017 to present. Mr. Soin graduated from Delhi Technological
University with a degree in mechanical engineering and received his Master's degree in Industrial Engineering from Bradley
University. He successfully completed advanced management programs at Harvard University and The Wharton School of the University
of Pennsylvania. We believe that Mr. Soin is qualified to serve on our board of directors due to his extensive background and
experience as an executive, and his global network of business contacts.
Anthony Kenney
has been our CEO since July 2020. Mr.
Kenney began his 43-year career with MPC in 1976. In 1990, he transitioned to Emro Marketing Company, the predecessor of Speedway
LLC. He served as Emro's commercial manager, controller, and treasurer, and went on to be appointed Vice-President, Finance;
Controller; and Treasurer in 1995. From 1998 through 2000, he was Vice-President, Finance and ITS for Speedway SuperAmerica. Mr.
Kenney was named Vice-President, Business Development of Marathon Ashland Petroleum in 2001 and in 2005 was named President, Speedway
SuperAmerica, which changed its name to Speedway LLC in February 2011. During Mr. Kenney's tenure as President of Speedway,
the company grew from primarily a nine-state Midwest convenience store chain with approximately 1,600 locations to the nation's
second largest company owned and operated C-Store chain. Upon Mr. Kenney's retirement in January of 2020, Speedway had grown
to nearly 4,000 stores across the United States with greater than $20 billion in annual sales and more than 35,000 employees.
Mr. Kenney oversaw the company's organic and inorganic growth strategy, including two 1,000+ store acquisitions. Mr. Kenney
graduated with a Bachelor of Science degree in accounting from Miami University in 1976. In 2000, he attended the Executive Program
at the University of Michigan School Of Business. We believe that Mr. Kenney is qualified to serve as a member of our board of
directors due to his extensive leadership experience and excellent acquisition track record.
Mike Gearhardt
has been our CFO since July 2020. Mr.
Gearhardt began his career with Dayco / Mark IV Industries, serving in a variety of finance and managerial roles. In 1998, Mr.
Gearhardt was appointed to the position of Executive Vice President of the Industrial Division. During his tenure as Executive
Vice President, Mr. Gearhardt participated in acquisitions and divestitures, and was a member of the team that led the company's
$2 billion sale to BC Partners – a European buyout firm – in 2000. From 2003 to 2008, Mr. Gearhardt served as Executive
Vice President and CFO of MTCT, where he closed several acquisitions and worked directly with the CEO on strategic initiatives.
He led the sale of the company to BAE in 2008; the transaction was valued at $450 million.
Mitchell Steenrod
will serve as one of our directors
upon the effectiveness of the registration statement of which this prospectus forms a part. Mr. Steenrod joined the board of CarMax,
Inc. in 2011 and currently serves as lead independent director. Mr. Steenrod is the retired Senior Vice President and Chief Financial
Officer of Pilot Travel Centers LLC (doing business as "Pilot Flying J"), the nation's largest operator of travel
centers ("Pilot"). Subsequent to a 13-year career holding various positions in the accounting organization with Marathon
Oil Company and Marathon Ashland Petroleum LLC, Mr. Steenrod joined Pilot in 2001 as controller and treasurer. In 2004, Mr. Steenrod
was promoted to Senior Vice President and Chief Financial Officer and held this position until his retirement in 2018. During
his tenure with Marathon Ashland Petroleum LLC and Pilot, Mr. Steenrod participated in several large acquisitions and business
combinations. The first was the joint venture formation between Marathon Oil Company and Ashland Petroleum Company to form Marathon
Ashland Petroleum LLC in which he served as the lead financial analyst on behalf of Marathon Oil Company. The second was the merger
of the Pilot branded travel centers with Speedway branded travel centers (owned by Marathon Ashland Petroleum LLC) to form Pilot.
In 2003, Mr. Steenrod was instrumental in acquiring 60 travel centers from The Williams Company on behalf of Pilot. In 2010, Mr.
Steenrod led all facets of the merger of Pilot and Flying J, Inc. to form the nation's largest travel center operator. Mr.
Steenrod was named as a defendant in his capacity as Chief Financial Officer of Pilot, in four class action lawsuits filed in
2013 arising out of a criminal investigation by the United States Attorney for the Eastern District of Tennessee over an allegedly
fraudulent scheme by Pilot to reduce and/or withhold rebates and/or discounts for diesel fuel which Pilot allegedly owed to certain
consumers. The civil litigations were settled in 2013 and the criminal investigation of Pilot concluded pursuant to a settlement
and non-prosecution agreement. Mr. Steenrod was never charged with any crime, and the testimony elicited during criminal trials
of Pilot executives demonstrated that they deliberately kept Mr. Steenrod from learning of the scheme. We believe that Mr. Steenrod
is qualified to serve on our board due to his extensive experience in leadership roles.
94
Donald Graber
will serve as one of our directors upon
the effectiveness of the registration statement of which this prospectus forms a part. Mr. Graber joined the Precision Castparts
Corporation (PCC) Board in 1995 when the company generated $400 million in revenue. Over the next 21 years the company grew to
over $10 billion in revenue via organic and very aggressive acquisitive growth. PCC consolidated the supplier side of the aerospace
industry by becoming the leading supplier of castings, forgings, fasteners, and certain airframe components used in both jet engines
and commercial & defense airplane construction. PCC was sold to Berkshire Hathaway for $37.2 billion, which was Berkshire
Hathaway's largest acquisition to that point in time. Mr. Graber served as the lead director of PCC for three years, chaired
the Nominating & Governance Committee, and served on the Compensation Committee during his time on the board. Mr. Graber's
other notable board positions include: MTCT from 2002 to 2008, Amcast Industrial Corporation from 2001 to 2003 and Huffy Corporation
from 1996 to 2004, where he also served as Chairman & CEO. We believe that Mr. Graber is qualified to serve on our board due
to his extensive experience in leadership roles.
John Bachman
will serve as one of our directors upon
the effectiveness of the registration statement of which this prospectus forms a part. After Mr. Bachman received his MBA from
Harvard Business School in 1988, he became an Assurance Partner at PwC. As an Assurance Partner, Mr. Bachman led financial and
accounting due diligence on deals. In 2004, Mr. Bachman was named the U.S. Strategy Leader for PwC. In this role, Mr. Bachman
created a strategic planning process using a multi-faceted approach across the matrix organization focusing on business units,
geographies, and industries. In 2007, Mr. Bachman was selected to be the Chief Operating Officer of PwC's audit and risk
management practice in the United States, which represented over 50% of PwC's revenue. In addition to his career with PwC,
Mr. Bachman has also served on the Board of Directors for four public companies: The Children's Place from 2016 to present,
WEX Inc. from 2016 to present, Grocery Outlet Holding Corp. from 2019 to present and SCANA Corporation from 2018-2019. We believe
Mr. Bachman is well qualified to serve on our board due to his deep financial background and extensive experience in leadership
roles.
Number and Terms of Office of Officers and Directors
We will have five directors upon completion of this offering.
Our board of directors will be divided into two classes with only one class of directors being elected in each year and each class
(except for those directors appointed prior to our first annual meeting of stockholders) serving a two-year term. In accordance
with Nasdaq corporate governance requirements, we are not required to hold an annual meeting until one full year after our first
fiscal year end following our listing on Nasdaq.
The term of office of the first class of directors, consisting
of Messrs. Steenrod, Bachman and Graber will expire at our first annual meeting of stockholders. The term of office of the second
class of directors, consisting of Messrs. Soin and Kenney, will expire at the second annual meeting of stockholders.
Our officers are appointed by the board of directors and serve
at the discretion of the board of directors, rather than for specific terms of office. Our board of directors is authorized to
appoint persons to the offices set forth in our bylaws as it deems appropriate. Our bylaws provide that our officers may consist
of a Chairman of the Board, Chief Executive Officer, Chief Financial Officer, President, Vice Presidents, Secretary, Treasurer,
Assistant Secretaries and such other offices as may be determined by the board of directors.
95
Director Independence
NASDAQ listing standards require that a majority of our board
of directors be independent. An "independent director" is defined generally as a person other than an officer or employee
of the company or its subsidiaries or any other individual having a relationship which in the opinion of the company's board
of directors, would interfere with the director's exercise of independent judgment in carrying out the responsibilities
of a director. Our board of directors has determined that Messrs. Steenrod, Bachman and Graber are "independent directors"
as defined in Nasdaq listing standards and applicable SEC rules. Our independent directors will have regularly scheduled meetings
at which only independent directors are present.
Officer and Director Compensation
None of our officers has received any cash compensation for
services rendered to us. Commencing on the date of this prospectus, we have agreed to pay our sponsor a total
of $10,000 per month for office space, utilities and secretarial and administrative support. Upon completion of our initial business
combination or our liquidation, we will cease paying these monthly fees. Other than as set forth elsewhere in this prospectus,
no compensation of any kind, including any finder's fee, reimbursement, consulting fee or monies in respect of any payment
of a loan, will be paid by us to our officers and directors prior to, or in connection with any services rendered in order to
effectuate, the consummation of our initial business combination (regardless of the type of transaction that it is). However,
these individuals will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf
such as identifying potential target businesses and performing due diligence on suitable business combinations. We do not have
a policy that prohibits our sponsor, executive officers or directors, or any of their respective affiliates, from negotiating
for the reimbursement of out-of-pocket expenses by a target business. Our audit committee will review on a quarterly basis
all payments that were made to our sponsor, officers or directors, or our or their affiliates. Any such payments prior to an initial
business combination will be made using funds held outside the trust account. Other than quarterly audit committee review of such
payments, we do not expect to have any additional controls in place governing our reimbursement payments to our directors and
executive officers for their out-of-pocket expenses incurred in connection with identifying and consummating an initial business
combination.
After the completion of our initial business combination, directors
or members of our management team who remain with us may be paid consulting or management fees from the combined company. All
of these fees will be fully disclosed to stockholders, to the extent then known, in the proxy solicitation materials or tender
offer documents furnished to our stockholders in connection with a proposed initial business combination. We have not established
any limit on the amount of such fees that may be paid by the combined company to our directors or members of management. It is
unlikely the amount of such compensation will be known at the time of the proposed initial business combination, because the directors
of the post-combination business will be responsible for determining officer and director compensation. Any compensation
to be paid to our officers will be determined, or recommended to the board of directors for determination, either by a compensation
committee constituted solely by independent directors or by a majority of the independent directors on our board of directors.
We do not intend to take any action to ensure that members
of our management team maintain their positions with us after the consummation of our initial business combination, although it
is possible that some or all of our officers and directors may negotiate employment or consulting arrangements to remain with
us after our initial business combination. The existence or terms of any such employment or consulting arrangements to retain
their positions with us may influence our management's motivation in identifying or selecting a target business but we do
not believe that the ability of our management to remain with us after the consummation of our initial business combination will
be a determining factor in our decision to proceed with any potential business combination. We are not party to any agreements
with our officers and directors that provide for benefits upon termination of employment.
Committees of the Board of Directors
Our board of directors will have two standing committees: an
audit committee and a compensation committee. Subject to phase-in rules and a limited exception, NASDAQ rules and Rule 10A-3 of
the Exchange Act require that the audit committee of a listed company be comprised solely of independent directors, and NASDAQ
rules require that the compensation committee of a listed company each be comprised solely of independent directors.
96
Audit Committee
Prior to the consummation of this offering, we will establish
an audit committee of our board of directors. Messrs. Steenrod, Bachman and Graber will serve as members of our audit committee,
and Mr. Bachman will chair the audit committee.
Under Nasdaq listing standards and applicable SEC rules, we
are required to have at least three members of the audit committee, all of whom must be independent. Each of Messrs. Steenrod,
Bachman and Graber meet the independent director standard under NASDAQ listing standards and under Rule 10-A-3(b)(1) of the Exchange
Act.
Each member of the audit committee is financially literate
and our board of directors has determined that Mr. Bachman qualifies as an "audit committee financial expert"
as defined in applicable SEC rules.
We will adopt an audit committee charter, which will detail
the principal functions of the audit committee, including:
•
the appointment,
                                         compensation, retention, replacement, and oversight of the work of the independent registered
                                         public accounting firm engaged by us;
•
pre-approving all
                                         audit and permitted non-audit services to be provided by the independent registered
                                         public accounting firm engaged by us, and establishing pre-approval policies and
                                         procedures;
•
setting
                                         clear hiring policies for employees or former employees of the independent registered
                                         public accounting firm, including but not limited to, as required by applicable laws
                                         and regulations;
•
setting
                                         clear policies for audit partner rotation in compliance with applicable laws and regulations;
•
obtaining
                                         and reviewing a report, at least annually, from the independent registered public accounting
                                         firm describing (i) the independent registered public accounting firm's internal
                                         quality-control procedures, (ii) any material issues raised by the most recent
                                         internal quality-control review, or peer review, of the audit firm, or by any inquiry
                                         or investigation by governmental or professional authorities within the preceding five
                                         years respecting one or more independent audits carried out by the firm and any steps
                                         taken to deal with such issues and (iii) all relationships between the independent registered
                                         public accounting firm and us to assess the independent registered public accounting
                                         firm's independence;
•
reviewing
                                         and approving any related party transaction required to be disclosed pursuant to Item
                                         404 of Regulation S-K promulgated by the SEC prior to us entering into such transaction;
                                         and
•
reviewing
                                         with management, the independent registered public accounting firm, and our legal advisors,
                                         as appropriate, any legal, regulatory or compliance matters, including any correspondence
                                         with regulators or government agencies and any employee complaints or published reports
                                         that raise material issues regarding our financial statements or accounting policies
                                         and any significant changes in accounting standards or rules promulgated by the Financial
                                         Accounting Standards Board, the SEC or other regulatory authorities.
Compensation Committee
Prior to the consummation of this offering, we will establish
a compensation committee of our board of directors. Messrs. Steenrod, Bachman and Graber will serve as members of our compensation
committee. Under Nasdaq listing standards and applicable SEC rules, we are required to have at least two members of the compensation
committee, all of whom must be independent. Messrs. Steenrod, Bachman and Graber are independent and Mr. Steenrod will chair
the compensation committee.
We will adopt a compensation committee charter, which will
detail the principal functions of the compensation committee, including:
•
reviewing
                                         and approving on an annual basis the corporate goals and objectives relevant to our Chief
                                         Executive Officer's compensation, if any is paid by us, evaluating our Chief Executive
                                         Officer's performance in light of such goals and objectives and determining and
                                         approving the remuneration (if any) of our Chief Executive Officer based on such evaluation;
•
reviewing
                                         and approving on an annual basis the compensation, if any is paid by us, of all of our
                                         other officers;
•
reviewing
                                         on an annual basis our executive compensation policies and plans;
•
implementing
                                         and administering our incentive compensation equity-based remuneration plans;
•
assisting
                                         management in complying with our proxy statement and annual report disclosure requirements;
97
•
approving
                                         all special perquisites, special cash payments and other special compensation and benefit
                                         arrangements for our officers and employees;
•
if required,
                                         producing a report on executive compensation to be included in our annual proxy statement;
                                         and
•
reviewing,
                                         evaluating and recommending changes, if appropriate, to the remuneration for directors.
Notwithstanding the foregoing, as indicated above, other than
the payment to our sponsor of $10,000 per month, for up to 24 months, for office space, utilities and secretarial
and administrative support, reimbursement of expenses, no compensation of any kind, including finders, consulting or other similar
fees, will be paid to any of our existing stockholders, officers, directors or any of their respective affiliates, prior to, or
for any services they render in order to effectuate the consummation of an initial business combination. Accordingly, it is likely
that prior to the consummation of an initial business combination, the compensation committee will only be responsible for the
review and recommendation of any compensation arrangements to be entered into in connection with such initial business combination.
The charter will also provide that the compensation committee
may, in its sole discretion, retain or obtain the advice of a compensation consultant, legal counsel or other adviser and will
be directly responsible for the appointment, compensation and oversight of the work of any such adviser. However, before engaging
or receiving advice from a compensation consultant, external legal counsel or any other adviser, the compensation committee will
consider the independence of each such adviser, including the factors required by Nasdaq and the SEC.
Director Nominations
We do not have a standing nominating committee, though we intend
to form a corporate governance and nominating committee as and when required to do so by law or NASDAQ rules. In accordance with
Rule 5605 of the NASDAQ rules, a majority of the independent directors may recommend a director nominee for selection by the board
of directors. The board of directors believes that the independent directors can satisfactorily carry out the responsibility of
properly selecting or approving director nominees without the formation of a standing nominating committee. The directors who
will participate in the consideration and recommendation of director nominees are Messrs. Steenrod, Bachman and Graber. In accordance
with Rule 5605 of the Nasdaq rules, all such directors are independent. As there is no standing nominating committee, we do not
have a nominating committee charter in place.
The board of directors will also consider director candidates
recommended for nomination by our stockholders during such times as they are seeking proposed nominees to stand for election at
the next annual meeting of stockholders (or, if applicable, a special meeting of stockholders). Our stockholders that wish to
nominate a director for election to our board of directors should follow the procedures set forth in our bylaws.
We have not formally established any specific, minimum qualifications
that must be met or skills that are necessary for directors to possess. In general, in identifying and evaluating nominees for
director, the board of directors considers educational background, diversity of professional experience, knowledge of our business,
integrity, professional reputation, independence, wisdom, and the ability to represent the best interests of our stockholders.
Compensation Committee Interlocks and Insider Participation
None of our officers currently serves, or in the past year
has served, as a member of the compensation committee of any entity that has one or more officers serving on our board of directors.
Code of Ethics
Prior to the consummation of this offering, we will have adopted
a Code of Ethics applicable to our directors, officers and employees. We will file a copy of our Code of Ethics and our audit
and compensation committee charters as exhibits to the registration statement of which this prospectus is a part. You will be
able to review these documents by accessing our public filings at the SEC's web site at
www.sec.gov
. In addition,
a copy of the Code of Ethics will be provided without charge upon request from us. We intend to disclose any amendments to or
waivers of certain provisions of our Code of Ethics in a Current Report on Form 8-K. See the section of this prospectus entitled
 "Where You Can Find Additional Information."
98
Corporate Governance Guidelines
Our board of directors will adopt corporate governance guidelines
in accordance with the corporate governance rules of Nasdaq that serve as a flexible framework within which our board of directors
and its committees operate. These guidelines will cover a number of areas including board membership criteria and director qualifications,
director responsibilities, board agenda, roles of the chairman of the board, chief executive officer and presiding director, meetings
of independent directors, committee responsibilities and assignments, board member access to management and independent advisors,
director communications with third parties, director compensation, director orientation and continuing education, evaluation of
senior management and management succession planning. A copy of our corporate governance guidelines will be posted on our
website.
Conflicts of Interest
Affiliates of our management team may compete with us for business
combination opportunities. If these entities decide to pursue any such opportunity, we may be precluded from procuring such opportunities.
In addition, investment ideas generated within affiliates of our management team may be suitable for both us and for another entity
and may be directed to such entity rather than to us. Members of our management team who are also employed by such entities have
no obligation to present us with any opportunity for a potential business combination of which they become aware, unless presented
to such member solely in his or her capacity as an officer of the company. Members of our management team, in their capacities
as employees or principals of their affiliates or in their other endeavors, currently are required to present certain investment
opportunities and potential business combinations to the various related entities described above, or third parties, before they
present such opportunities to us.
Each of our officers and directors presently has, and any of
them in the future may have additional, fiduciary or contractual obligations to other entities pursuant to which such officer
or director is or will be required to present a business combination opportunity. Accordingly, if any of our officers or directors
becomes aware of a business combination opportunity which is suitable for an entity to which he or she has then-current fiduciary
or contractual obligations to present the opportunity to such entity, he or she will honor his or her fiduciary or contractual
obligations to present such opportunity to such entity. We believe, however, that the fiduciary duties or contractual obligations
of our officers or directors will not materially affect our ability to complete our initial business combination, as we believe
any such opportunities presented would be smaller than what we are interested in, or to entities that are not themselves in the
business of engaging in business combinations. Our amended and restated certificate of incorporation will provide that we renounce
our interest in any corporate opportunity offered to any director or officer unless such opportunity is expressly offered to such
person solely in his or her capacity as a director or officer of our company and such opportunity is one we are legally and contractually
permitted to undertake and would otherwise be reasonable for us to pursue, and to the extent the director or officer is permitted
to refer that opportunity to us without violating another legal obligation.
Potential investors should also be aware of the following other
potential conflicts of interest:
•
None of
                                         our officers or directors is required to commit his or her full time to our affairs and,
                                         accordingly, may have conflicts of interest in allocating his or her time among various
                                         business activities.
•
In the
                                         course of their other business activities, our officers and directors may become aware
                                         of investment and business opportunities which may be appropriate for presentation to
                                         us, as well as the other entities with which they are affiliated. Our management may
                                         have conflicts of interest in determining to which entity a particular business opportunity
                                         should be presented.
99
•
Our initial
                                         stockholders have agreed to waive their redemption rights with respect to any founder
                                         shares and any public shares held by them in connection with the consummation of our
                                         initial business combination. Additionally, our initial stockholders have agreed to waive
                                         their redemption rights with respect to any founder shares held by them if we
                                         fail to consummate our initial business combination within 24 months after the closing
                                         of this offering. If we do not complete our initial business combination within
                                         such applicable time period, the proceeds of the sale of the private placement warrants
                                         held in the trust account will be used to fund the redemption of our public
                                         shares, and the private placement warrants will expire worthless. With certain limited
                                         exceptions, the founder shares will not be transferable, assignable by our sponsor
                                         until the earlier of: (A) one year after the completion of our initial business
                                         combination or (B) subsequent to our initial business combination, (x) if the reported
                                         closing price of our Class A common stock equals or exceeds $12.00 per share (as
                                         adjusted for stock splits, stock dividends, reorganizations, recapitalizations and
                                         the like) for any 20 trading days within any 30 — trading day period commencing
                                         at least 150 days after our initial business combination, or (y) the date on which we
                                         complete a liquidation, merger, capital stock exchange, reorganization or other
                                         similar transaction that results in all of our stockholders having the right to
                                         exchange their shares of common stock for cash, securities or other property. With
                                         certain limited exceptions, the private placement warrants and the Class A common
                                         stock underlying such warrants, will not be transferable, assignable or saleable
                                         by our sponsor or its permitted transferees until 30 days after the completion of
                                         our initial business combination. Since our sponsor and officers and directors may
                                         directly or indirectly own common stock and warrants following this offering, our
                                         officers and directors may have a conflict of interest in determining whether a
                                         particular target business is an appropriate business with which to effectuate our
                                         initial business combination.
•
Our officers
                                         and directors may have a conflict of interest with respect to evaluating a particular
                                         business combination if the retention or resignation of any such officers and directors
                                         was included by a target business as a condition to any agreement with respect to our
                                         initial business combination.
•
Our sponsor,
                                         officers or directors may have a conflict of interest with respect to evaluating a business
                                         combination and financing arrangements as we may obtain loans from our sponsor or an
                                         affiliate of our sponsor or any of our officers or directors to finance transaction costs
                                         in connection with an intended initial business combination. Up to $1,500,000 of such
                                         loans may be convertible into warrants at a price of $1.00 per warrant at the option
                                         of the lender. Such warrants would be identical to the private placement warrants, including
                                         as to exercise price, exercisability and exercise period.
The conflicts described above may not be resolved in our favor.
In general, officers and directors of a corporation incorporated
under the laws of the State of Delaware are required to present business opportunities to a corporation if:
•
the corporation
                                         could financially undertake the opportunity;
•
the opportunity
                                         is within the corporation's line of business; and
•
it would
                                         not be fair to our company and its stockholders for the opportunity not to be brought
                                         to the attention of the corporation.
Accordingly, as a result of multiple business affiliations,
our officers and directors may have similar legal obligations relating to presenting business opportunities meeting the above-listed criteria
to multiple entities. Furthermore, our amended and restated certificate of incorporation will provide that we renounce our interest
in any corporate opportunity offered to any director or officer unless such opportunity is expressly offered to such person solely
in his or her capacity as a director or officer of our company and such opportunity is one we are legally and contractually permitted
to undertake and would otherwise be reasonable for us to pursue, and to the extent the director or officer is permitted to refer
that opportunity to us without violating another legal obligation.
100
Below is a table summarizing the entities to which our officers,
directors and director nominees currently have fiduciary duties or contractual obligations:
Individual
(1)(2)
Entity
(3)
Entity's Business
Affiliation
Rajesh Soin
Soin LLC
Family office
Chairman and Chief
    Executive Officer
Kayne Anderson Real
    Estate Partners Fund II
Real estate
Director
Kayne Anderson Real
    Estate Partners Fund III
(2)
Real estate
Director
Transtar
    Industries
Automotive Part
    Manufacturer
Director
Mitchell Steenrod
CarMax, Inc.
Automotive Superstore
Director
John Bachman
The Children's Place
Children's apparel
Director
WEX Inc.
Payment Processing
Director
Grocery Outlet Holding Corp.
Grocery Outlets
Director
(1)
Each of the entities
                                         listed in this table has priority and preference relative to us with respect to the performance
                                         by each individual listed in this table of his obligations and the presentation by each
                                         such individual of business opportunities.
(2)
Our Chief Executive Officer, Anthony Kenney, is a party to an agreement
                                         with MPC which contains non-competition and non-solicitation provisions in effect until
                                         January 3, 2021, and confidentiality obligations that continue indefinitely. Absent a
                                         waiver, Mr. Kenney will be restricted until January 3, 2021 from, among other things,
                                         serving as an officer, director owner, contractor, consultant, or employee of a business
                                         that is competitive with that of MPC or its subsidiaries (the "Competing Business").
                                         In light of this agreement, we will not seek to consummate an initial business combination
                                         prior to January 3, 2021 with any target that operates a Competing Business, unless Mr.
                                         Kenney is granted a waiver. No assurance can be given that any such waiver will be granted
                                         if requested. In addition, MPC may not agree with any determination we make that a target
                                         business is not engaged in a Competing Business. Any dispute associated with the non-competition
                                         agreement could be time consuming and costly and could distract our management's
                                         focus from locating suitable acquisition candidates and operating our business. We do
                                         not believe that such restrictions will impact our ability to consummate our business
                                         combination because such restrictions are set to expire within a few months of the closing
                                         of this offering.
(3)
Such person is a director
                                         of the indicated entity and/or its portfolio companies, and may be obligated to show
                                         acquisitions to such entity or entities before we may pursue such acquisitions.
Accordingly, if any of the above executive officers, directors
or director nominees becomes aware of a business combination opportunity which is suitable for any of the above entities to which
he has current fiduciary or contractual obligations, he will honor his fiduciary or contractual obligations to present such business
combination opportunity to such entity, and only present it to us if such entity rejects the opportunity. We do not believe, however,
that any of the foregoing fiduciary duties or contractual obligations will materially affect our ability to complete our initial
business combination.
We are not prohibited from pursuing an initial business combination
with a company that is affiliated with our sponsor, officers or directors. In the event we seek to complete our initial business
combination with such a company, we, or a committee of independent directors, would obtain an opinion from an independent investment
banking firm or another independent entity that commonly renders valuation opinions, that such an initial business combination
is fair to our company from a financial point of view.
Our officers and directors may become an officer or director
of any another special purpose acquisition company with a class of securities intended to be registered under the Exchange Act,
prior to the completion of our initial business combination.
In the event that we submit our initial business combination
to our public stockholders for a vote, pursuant to the letter agreement, our sponsor, officers and directors have agreed to vote
any founder shares held by them and any public shares purchased during or after the offering (including in open market and privately-negotiated transactions)
in favor of our initial business combination.
101
Limitation on Liability and Indemnification of Officers
and Directors
Our amended and restated certificate of incorporation will
provide that our officers and directors will be indemnified by us to the fullest extent authorized by Delaware law, as it now
exists or may in the future be amended. In addition, our amended and restated certificate of incorporation will provide that our
directors will not be personally liable for monetary damages to us or our stockholders for breaches of their fiduciary duty as
directors, unless they violated their duty of loyalty to us or our stockholders, acted in bad faith, knowingly or intentionally
violated the law, authorized unlawful payments of dividends, unlawful stock purchases or unlawful redemptions, or derived an improper
personal benefit from their actions as directors.
We will enter into agreements with our officers and directors
to provide contractual indemnification in addition to the indemnification provided for in our amended and restated certificate
of incorporation. Our bylaws also will permit us to secure insurance on behalf of any officer, director or employee for any liability
arising out of his or her actions, regardless of whether Delaware law would permit such indemnification. We will purchase a policy
of directors' and officers' liability insurance that insures our officers and directors against the cost of defense,
settlement or payment of a judgment in some circumstances and insures us against our obligations to indemnify our officers and
directors. Except with respect to any public shares they may acquire in this offering or thereafter (in the event we do not consummate
an initial business combination), our officers and directors have agreed to waive (and any other persons who may become an officer
or director prior to the initial business combination will also be required to waive) any right, title, interest or claim of any
kind in or to any monies in the trust account, and not to seek recourse against the trust account for any reason whatsoever, including
with respect to such indemnification.
These provisions may discourage stockholders from bringing
a lawsuit against our directors for breach of their fiduciary duty. These provisions also may have the effect of reducing the
likelihood of derivative litigation against officers and directors, even though such an action, if successful, might otherwise
benefit us and our stockholders. Furthermore, a stockholder's investment may be adversely affected to the extent we pay
the costs of settlement and damage awards against officers and directors pursuant to these indemnification provisions.
We believe that these provisions, the directors' and
officers' liability insurance and the indemnity agreements are necessary to attract and retain talented and experienced
officers and directors.
102
PRINCIPAL STOCKHOLDERS
The following table sets forth information regarding the beneficial
ownership of our common stock as of the date of this prospectus, and as adjusted to reflect the sale of our common stock included
in the units offered by this prospectus, and assuming no purchase of units in this offering, by:
•     each
person known by us to be the beneficial owner of more than 5% of our outstanding shares of common stock;
•     each
of our executive officers, directors and director nominees; and
•     all
our executive officers, directors and director nominees as a group.
Unless otherwise indicated, we believe that all persons named
in the table have sole voting and investment power with respect to all shares of common stock beneficially owned by them. The
following table does not reflect record or beneficial ownership of the private placement warrants as these warrants are not exercisable
within 60 days of the date of this prospectus.
In July 2020, our sponsor purchased 5,750,000 founder shares
(up to an aggregate of 750,000 shares of which are subject to forfeiture depending on the extent to which the underwriters'
over-allotment option is exercised. The following table presents the number of shares and percentage of our common stock
owned by our initial stockholders before and after this offering. The post-offering numbers and percentages presented assume
that the underwriters do not exercise their over-allotment option, that our sponsor forfeits an aggregate 750,000 founder
shares on a
pro rata
basis, and that there are 25,000,000 shares of our common stock, consisting of (i)
20,000,000 shares of our Class A common stock and (ii) 5,000,000 shares of our Class B common stock, issued and
outstanding after this offering.
Before Offering
After Offering
Name and Address of Beneficial Owner
(1)
Number
    of
Shares Beneficially Owned
(2)
Approximate
    Percentage of Outstanding Common Stock
Number
    of
Shares Beneficially Owned
(2)
Approximate
    Percentage of Outstanding Common Stock
SKG
    Sponsor LLC
(3)
5,750,000
100.0
%
5,000,000
20.0
%
Rajesh
    Soin
(3)
5,750,000
100.0
%
5,000,000
20.0
%
Anthony
    Kenney
(3)
-
-
-
-
Michael
    Gearhardt
(3)
-
-
-
-
Mitchell
    Steenrod
(3)
-
-
-
-
Donald
    Graber
(3)
-
-
-
-
John
    Bachman
(3)
-
-
-
-
All executive officers and directors as a group (6
    individuals)
5,750,000
100.0
%
5,000,000
20.0
%
(1)
Unless otherwise
                                         noted, the business address of each of the following entities or individuals is c/o Recharge
                                         Acquisition Corp., 1900 Main Street, Ste. 201, Sarasota, FL 34236.
(2)
Interests
                                         shown consist solely of founder shares, classified as shares of Class B common stock.
                                         Such shares are convertible into shares of Class A common stock on a one-for-one basis,
                                         subject to adjustment, as described in the section of this prospectus entitled "Description
                                         of Securities."
(3)
Our
                                         sponsor is the record holder of such shares. Mr. Soin is the managing member of our sponsor,
                                         and as such, has voting and investment discretion with respect to the common stock held
                                         of record by our sponsor and may be deemed to have shared beneficial ownership of the
                                         common stock held directly by our sponsor. Each of our officers and directors (or trusts
                                         for the benefit of their family members) holds a direct or indirect interest in our sponsor.
                                         Each such person disclaims any beneficial ownership of the reported shares other than
                                         to the extent of any pecuniary interest they may have therein, directly or indirectly.
103
Immediately after this offering, our initial stockholders will
beneficially own 20% of the then-issued and outstanding shares of our common stock (assuming they do not purchase any units
in this offering). If we increase or decrease the size of the offering, we will effect a stock dividend or a share contribution
back to capital, or other appropriate mechanism, as applicable, with respect to our Class B common stock immediately prior to
the consummation of the offering in such amount as to maintain the ownership of our initial stockholders at 20% of the issued
and outstanding shares of our common stock upon the consummation of this offering. Because of this ownership block, our initial
stockholders may be able to effectively influence the outcome of all matters requiring approval by our stockholders, including
the election of directors, amendments to our amended and restated certificate of incorporation and approval of significant corporate
transactions, including approval of our initial business combination.
The holders of the founder shares have agreed (A) to vote any
shares owned by them in favor of any proposed initial business combination and (B) not to redeem any shares in connection with
a stockholder vote to approve a proposed initial business combination or in connection with a stockholder vote to approve an amendment
to our amended and restated certificate of incorporation.
Our sponsor and our executive officers and directors are deemed
to be our "promoters" as such term is defined under the federal securities laws.
Restrictions on Transfers of Founder Shares and Private
Placement Warrants
The founder shares, private placement warrants and any shares
of Class A common stock issued upon conversion or exercise thereof are each subject to transfer restrictions pursuant to lock-up provisions
in a letter agreement with us to be entered into by our sponsor, officers and directors. Those lock-up provisions provide
that such securities are not transferable or salable (i) in the case of the founder shares, until the earlier of (A) one year
after the completion of our initial business combination or (B) subsequent to our initial business combination, (x) if the reported
closing price of our Class A common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations,
recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after
our initial business combination, or (y) the date on which we complete a liquidation, merger, capital stock exchange, reorganization
or other similar transaction that results in all of our stockholders having the right to exchange their shares of common stock
for cash, securities or other property, and (ii) in the case of the private placement warrants and the Class A common stock underlying
such warrants, until 30 days after the completion of our initial business combination, except in each case (a) to our officers
or directors, any affiliates or family members of any of our officers or directors, any members of our sponsor, or any affiliates
of our sponsor, (b) in the case of an individual, by gift to a member of one of the members of the individual's immediate
family or to a trust, the beneficiary of which is a member of one of the individual's immediate family, an affiliate of
such person or to a charitable organization; (c) in the case of an individual, by virtue of laws of descent and distribution upon
death of the individual; (d) in the case of an individual, pursuant to a qualified domestic relations order; (e) by private sales
or transfers made in connection with any forward purchase agreement or similar arrangement or in connection with the consummation
of an initial business combination at prices no greater than the price at which the shares or warrants were originally purchased;
(f) in the event of our liquidation prior to the completion of our initial business combination; or (g) by virtue of the laws
of Delaware or the organizational documents of our sponsor upon dissolution of our sponsor; provided, however, that in the case
of clauses (a) through (e) or (g) these permitted transferees must enter into a written agreement agreeing to be bound by these
transfer restrictions and the other restrictions contained in the letter agreement and by the same agreements entered into by
our sponsor with respect to such securities (including provisions relating to voting, the trust account and liquidation distributions
described elsewhere in this prospectus).
104
Registration Rights
The holders of (i) the founder shares, which were issued in
a private placement prior to the closing of this offering, (ii) private placement warrants, which will be issued in a private
placement simultaneously with the closing of this offering and the shares of Class A common stock underlying such private placement
warrants and (iii) private placement warrants that may be issued upon conversion of working capital loans (and the securities
underlying such securities) will have registration rights to require us to register a sale of any of our securities held by them
pursuant to a registration rights agreement to be signed prior to or on the effective date of this offering. These holders of
these securities will be entitled to make up to three demands, excluding short form registration demands, that we register such
securities for sale under the Securities Act. In addition, these holders will have "piggy-back" registration rights
to include their securities in other registration statements filed by us, subject to certain limitations. We will bear the expenses
incurred in connection with the filing of any such registration statements.
105
CERTAIN RELATIONSHIPS
AND RELATED PARTY TRANSACTIONS
In July 2020, our sponsor purchased 5,750,000 founder shares
(up to an aggregate of 750,000 shares of which are subject to forfeiture depending on the extent to which the underwriters'
over-allotment option is exercised. The number of founder shares issued was determined based on the expectation that such
founder shares would represent 20% of the outstanding shares upon completion of this offering. If we increase or decrease the
size of the offering we will effect a stock dividend or a share contribution back to capital or other appropriate mechanism, as
applicable, with respect to our Class B common stock immediately prior to the consummation of the offering in such amount as to
maintain the ownership of our initial stockholders at 20% of the issued and outstanding shares of our common stock upon the consummation
of this offering. Up to 750,000 founder shares are subject to forfeiture by our sponsor depending on the extent to which the underwriters'
over-allotment option is exercised. The founder shares (including the Class A common stock issuable upon exercise thereof)
may not, subject to certain limited exceptions, be transferred, assigned or sold by the holder.
Our sponsor has committed, pursuant to a written agreement,
to purchase an aggregate of 5,750,000 (or 6,350,000 if the over-allotment option is exercised in full) private placement
warrants for a purchase price of $1.00 per warrant in a private placement that will occur simultaneously with the closing of this
offering. As such, our sponsor's interest in this transaction is valued at between $5,750,000 and $6,350,000, depending
on the number of private placement warrants purchased. Each private placement warrant entitles the holder thereof to purchase
one share of our Class A common stock at a price of $11.50 per share. The private placement warrants (including the Class A
common stock issuable upon exercise thereof) may not, subject to certain limited exceptions, be transferred, assigned or sold
by the holder.
Commencing on the date of this prospectus, we have agreed to
pay our sponsor a total of $10,000 per month for office space, utilities and secretarial and administrative support.
Upon completion of our initial business combination or our liquidation, we will cease paying these monthly fees.
Notwithstanding the foregoing, as indicated above, other than
the payment to our sponsor of $10,000 per month, for up to 24 months, for office space, utilities and secretarial
and administrative support, reimbursement of expenses, no compensation of any kind, including any finder's fee, reimbursement,
consulting fee or monies in respect of any payment of a loan, will be paid by us to our sponsor, officers and directors, or any
affiliate of our sponsor or officers, prior to, or in connection with any services rendered in order to effectuate, the consummation
of an initial business combination (regardless of the type of transaction that it is). However, these individuals will be reimbursed
for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target
businesses and performing due diligence on suitable business combinations. We do not have a policy that prohibits our sponsor,
executive officers or directors, or any of their respective affiliates, from negotiating for the reimbursement of out-of-pocket expenses
by a target business. Our audit committee will review on a quarterly basis all payments that were made to our sponsor, officers,
directors or our or any of their affiliates and will determine which expenses and the amount of expenses that will be reimbursed.
There is no cap or ceiling on the reimbursement of out-of-pocket expenses incurred by such persons in connection with activities
on our behalf.
Prior to the closing of this offering, our sponsor has agreed
to loan us up to an aggregate of $300,000 to be used for a portion of the expenses of this offering. As of July 22, 2020, we had
borrowed $38,878 under such promissory notes. These loans are non-interest bearing, unsecured and are due at the earlier
of December 31, 2020 or the closing of this offering. The loan will be repaid upon the closing of this offering out of the estimated
$750,000 of offering proceeds that has been allocated to the payment of offering expenses (other than underwriting commissions)
not held in the trust account. The value of our sponsor's interest in this transaction corresponds to the principal amount
outstanding under any such loan.
In addition, in order to finance transaction costs in connection
with an intended initial business combination, our sponsor or an affiliate of our sponsor or certain of our officers and directors
may, but are not obligated to, loan us funds as may be required. If we complete an initial business combination, we would repay
such loaned amounts. In the event that the initial business combination does not close, we may use a portion of the working capital
held outside the trust account to repay such loaned amounts but no proceeds from our trust account would be used for such repayment.
Up to $1,500,000 of such loans may be convertible into warrants at a price of $1.00 per warrant at the option of the lender. The
warrants would be identical to the private placement warrants, including as to exercise price, exercisability and exercise period.
The terms of such loans by our officers and directors, if any, have not been determined and no written agreements exist with respect
to such loans. We do not expect to seek loans from parties other than our sponsor or an affiliate of our sponsor as we do not
believe third parties will be willing to loan such funds and provide a waiver against any and all rights to seek access to funds
in our trust account.
After our initial business combination, members of our management
team who remain with us may be paid consulting, management or other fees from the combined company with any and all amounts being
fully disclosed to our stockholders, to the extent then known, in the proxy solicitation materials or tender offer documents,
as applicable, furnished to our stockholders. It is unlikely the amount of such compensation will be known at the time of distribution
of such proxy solicitation materials or tender offer documents, as applicable, as it will be up to the directors of the post-combination business
to determine executive and director compensation.
We will enter into a registration rights agreement with respect
to the private placement warrants, the warrants issuable upon conversion of working capital loans (if any) and the shares of Class
A common stock issuable upon exercise of the foregoing and upon conversion of the founder shares, which is described under the
section of this prospectus entitled "Description of Securities — Registration Rights."
Policy for Approval of Related Party Transactions
The audit committee of our board of directors will adopt a
policy setting forth the policies and procedures for its review and approval or ratification of "related party transactions."
A "related party transaction" is any consummated or proposed transaction or series of transactions: (i) in which the
company was or is to be a participant; (ii) the amount of which exceeds (or is reasonably expected to exceed) $120,000 in the
aggregate over the duration of the transaction (without regard to profit or loss); and (iii) in which a "related party"
had, has or will have a direct or indirect material interest. "Related parties" under this policy will include: (i)
our directors, nominees for director or executive officers; (ii) any record or beneficial owner of more than 5% of any class of
our voting securities; (iii) any immediate family member of any of the foregoing if the foregoing person is a natural person;
and (iv) any other person who maybe a "related person" pursuant to Item 404 of Regulation S-K under the Exchange
Act. Pursuant to the policy, the audit committee will consider (i) the relevant facts and circumstances of each related party
transaction, including if the transaction is on terms comparable to those that could be obtained in arm's-length dealings
with an unrelated third party, (ii) the extent of the related party's interest in the transaction, (iii) whether the transaction
contravenes our code of ethics or other policies, (iv) whether the audit committee believes the relationship underlying the transaction
to be in the best interests of the company and its stockholders and (v) the effect that the transaction may have on a director's
status as an independent member of the board and on his or her eligibility to serve on the board's committees. Management
will present to the audit committee each proposed related party transaction, including all relevant facts and circumstances relating
thereto. Under the policy, we may consummate related party transactions only if our audit committee approves or ratifies the transaction
in accordance with the guidelines set forth in the policy. The policy will not permit any director or executive officer to participate
in the discussion of, or decision concerning, a related person transaction in which he or she is the related party.
106
DESCRIPTION OF SECURITIES
Pursuant to our amended and restated certificate of incorporation,
our authorized capital stock consists of 100,000,000 shares of Class A common stock, $0.0001 par value, 10,000,000 shares
of Class B common stock, $0.0001 par value, and 1,000,000 shares of undesignated preferred stock, $0.0001 par value. The
following description summarizes the material terms of our capital stock. Because it is only a summary, it may not contain all
the information that is important to you.
Units
Each unit has an offering price of $10.00 and consists of one
share of Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase
one share of our Class A common stock at a price of $11.50 per share, subject to adjustment as described in this prospectus. Only
whole warrants are exercisable. No fractional warrants will be issued upon separation of the units and only whole warrants will
trade.
We expect the Class A common stock and warrants comprising
the units will begin separate trading on the 52
nd
day following the date of this prospectus unless Raymond James
 & Associates, Inc. and EarlyBirdCapital, Inc. inform us of their decision to allow earlier separate trading, subject to our
having filed the Current Report on Form 8-K described below and having issued a press release announcing when such separate
trading will begin. Once the shares of Class A common stock and warrants commence separate trading, holders will have the option
to continue to hold units or separate their units into the component securities. Holders will need to have their brokers contact
our transfer agent in order to separate the units into shares of Class A common stock and warrants.
In no event will the Class A common stock and warrants be traded
separately until we have filed a Current Report on Form 8-K with the SEC, which includes an audited balance sheet reflecting
our receipt of the gross proceeds at the closing of this offering. We will file a Current Report on Form 8-K which includes
this audited balance sheet upon the completion of this offering, which closing is anticipated to take place three business days
after the date of this prospectus. If the underwriters' over-allotment option is exercised following the initial filing
of such Current Report on Form 8-K, a second or amended Current Report on Form 8-K will be filed to provide updated financial
information to reflect the exercise of the underwriters' over-allotment option.
Common Stock
Upon the closing of this offering, 25,000,000 shares of
our common stock will be outstanding (assuming no exercise of the underwriters' over-allotment option and the corresponding
forfeiture of 750,000 founder shares by our sponsor), consisting of:
•     20,000,000 shares
of our Class A common stock underlying the units being offered in this offering; and
•     5,000,000 shares
of Class B common stock held by our initial stockholders.
If we increase or decrease the size of the offering we will
effect a stock dividend or a share contribution back to capital or other appropriate mechanism, as applicable, with respect to
our Class B common stock immediately prior to the consummation of this offering in such amount as to maintain the ownership of
our initial stockholders at 20% of the issued and outstanding shares of our common stock upon the consummation of this offering.
Common stockholders of record are entitled to one vote for
each share held on all matters to be voted on by stockholders. Holders of record of the Class A common stock and holders of record
of the Class B common stock will vote together as a single class on all matters submitted to a vote of our stockholders, with
each share of common stock entitling the holder to one vote except as required by law. Unless specified in our amended and restated
certificate of incorporation or bylaws, or as required by applicable provisions of the DGCL or applicable stock exchange rules,
the affirmative vote of a majority of our shares of common stock that are voted is required to approve any such matter voted on
by our stockholders. Our board of directors will be divided into two classes, each of which will generally serve for a term of
two years with only one class of directors being elected in each year. There is no cumulative voting with respect to the election
of directors, with the result that the holders of more than 50% of the shares voted for the election of directors can elect all
of the directors. Our stockholders are entitled to receive ratable dividends when, as and if declared by the board of directors
out of funds legally available therefor.
Because our amended and restated certificate of incorporation
authorizes the issuance of up to 100,000,000 shares of Class A common stock, if we were to enter into an initial business
combination, we may (depending on the terms of such an initial business combination) be required to increase the number of shares
of Class A common stock which we are authorized to issue at the same time as our stockholders vote on the initial business combination
to the extent we seek stockholder approval in connection with our initial business combination.
107
In accordance with NASDAQ corporate governance requirements,
we are not required to hold an annual meeting until no later than one year after our first full fiscal year end following our
listing on Nasdaq. Under Section 211(b) of the DGCL, we are, however, required to hold an annual meeting of stockholders for the
purposes of electing directors in accordance with our bylaws, unless such election is made by written consent in lieu of such
a meeting. We may not hold an annual meeting of stockholders to elect new directors prior to the consummation of our initial business
combination, and thus we may not be in compliance with Section 211(b) of the DGCL, which requires an annual meeting. Therefore,
if our stockholders want us to hold an annual meeting prior to the consummation of our initial business combination, they may
attempt to force us to hold one by submitting an application to the Delaware Court of Chancery in accordance with Section 211(c)
of the DGCL.
We will provide our stockholders with the opportunity to redeem
all or a portion of their public shares upon the completion of our initial business combination at a per-share price, payable
in cash, equal to the aggregate amount then on deposit in the trust account as of two business days prior to the consummation
of our initial business combination, including interest earned on the funds held in the trust account and not previously released
to us to pay our taxes, divided by the number of then outstanding public shares, subject to the limitations described herein.
The amount in the trust account is initially anticipated to be approximately $10.00 per public share. The per-share amount
we will distribute to investors who properly redeem their shares will not be reduced by deferred underwriting commissions we will
pay to the underwriters. Our sponsor, officers and directors have entered into a letter agreement with us, pursuant to which they
have agreed to waive their redemption rights with respect to any founder shares and any public shares held by them in connection
with the completion of our initial business combination. We will provide our public stockholders with the opportunity to redeem
all or a portion of their public shares upon the completion of our initial business combination either (i) in connection with
a stockholder meeting called to approve the initial business combination or (ii) without a stockholder vote by means of a tender
offer. If we seek stockholder approval, we will complete our initial business combination only if a majority of the outstanding
shares of common stock voted are voted in favor of the initial business combination. A quorum for such meeting will consist of
the holders present in person or by proxy of shares of outstanding capital stock of the Company representing a majority of the
voting power of all outstanding shares of capital stock of the Company entitled to vote at such meeting. If we conduct redemptions
by means of a tender offer, the tender offer documents will contain substantially the same financial and other information about
the initial business combination and the redemption rights as is required under the SEC's proxy rules.
If we seek stockholder approval, the participation of our sponsor,
officers, directors, advisors or any of their affiliates in privately negotiated transactions (as described in this prospectus),
if any, could result in the approval of our initial business combination even if a majority of our public stockholders vote, or
indicate their intention to vote, against such business combination. For purposes of seeking approval of the majority of our outstanding
shares of common stock voted, non-votes will have no effect on the approval of our initial business combination once a quorum
is obtained. We intend to give approximately 30 days' (but not less than 10 days' nor more than 60 days') prior
written notice of any such meeting, if required, at which a vote shall be taken to approve our initial business combination. These
quorum and voting thresholds, and the voting agreements of our initial stockholders, may make it more likely that we will consummate
our initial business combination.
If we seek stockholder approval of our initial business combination
and we do not conduct redemptions in connection with our initial business combination pursuant to the tender offer rules, our
amended and restated certificate of incorporation will provide that a public stockholder, together with any affiliate of such
stockholder or any other person with whom such stockholder is acting in concert or as a "group" (as defined under
Section 13 of the Exchange Act), will be restricted from redeeming its shares with respect to more than an aggregate of 15% of
the shares of common stock sold in this offering, which we refer to as the Excess Shares. However, we would not be restricting
our stockholders' ability to vote all of their shares (including Excess Shares) for or against our initial business combination.
Our stockholders' inability to redeem the Excess Shares will reduce their influence over our ability to complete our initial
business combination, and such stockholders could suffer a material loss in their investment if they sell such Excess Shares on
the open market. Additionally, such stockholders will not receive redemption distributions with respect to the Excess Shares if
we complete the initial business combination. And, as a result, such stockholders will continue to hold that number of shares
exceeding 15% and, in order to dispose such shares would be required to sell their stock in open market transactions, potentially
at a loss.
108
If we seek stockholder approval in connection with our initial
business combination, pursuant to a letter agreement, our sponsor, officers and directors have agreed to vote their founder shares
and any public shares purchased during or after this offering (including in open market and privately-negotiated transactions)
in favor of our initial business combination.
As a result, in addition to our initial stockholders'
founder shares, we would need only 7,500,001, or 37.5%, of the 20,000,000 public shares sold in this offering to be voted in favor
of an initial business combination in order to have our initial business combination approved (assuming all outstanding shares
are voted and the over-allotment option is not exercised). Additionally, each public stockholder may elect to redeem its
public shares irrespective of whether they vote for or against the proposed transaction or whether they were a stockholder on
the record date for the stockholder meeting held to approve the proposed transaction (subject to the limitation described in the
preceding paragraph).
Pursuant to our amended and restated certificate of incorporation,
if we are unable to complete our initial business combination within 24 months from the closing of this offering, we will
(i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than 10 business
days thereafter redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit
in the trust account, including interest earned on the funds held in the trust account and not previously released to us to pay
our taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding public shares,
which redemption will completely extinguish public stockholders' rights as stockholders (including the right to receive
further liquidating distributions, if any), and (iii) as promptly as reasonably possible following such redemption, subject to
the approval of our remaining stockholders and our board of directors, liquidate and dissolve, subject in each case to our obligations
under Delaware law to provide for claims of creditors and the requirements of other applicable law. Our sponsor, officers and
directors have entered into a letter agreement with us, pursuant to which they have agreed to waive their rights to liquidating
distributions from the trust account with respect to any founder shares held by them if we fail to complete our initial business
combination within 24 months from the closing of this offering. However, if our initial stockholders acquire public shares
in or after this offering, they will be entitled to liquidating distributions from the trust account with respect to such public
shares if we fail to complete our initial business combination within the prescribed time period.
In the event of a liquidation, dissolution or winding up of
the Company after an initial business combination, our stockholders are entitled to share ratably in all assets remaining available
for distribution to them after payment of liabilities and after provision is made for each class of stock, if any, having preference
over the common stock. Our stockholders have no preemptive or other subscription rights. There are no sinking fund provisions
applicable to the common stock, except that we will provide our stockholders with the opportunity to redeem their public shares
for cash equal to their
pro rata
share of the aggregate amount then on deposit in the trust account, including
interest (which will be net of taxes paid by us) upon the completion of our initial business combination, subject to the limitations
described herein.
Founder Shares
The founder shares are identical to the shares of Class A common
stock included in the units being sold in this offering, and holders of founder shares have the same stockholder rights as public
stockholders, except that (i) the founder shares are subject to certain transfer restrictions, as described in more detail
below, (ii) our sponsor, officers and directors have entered into a letter agreement with us, pursuant to which they have agreed
(A) to waive their redemption rights with respect to any founder shares and any public shares held by them in connection with
the completion of our initial business combination, (B) to waive their redemption rights with respect to their founder shares
and public shares in connection with a stockholder vote to approve an amendment to our amended and restated certificate of incorporation
to (i) modify the substance or timing of our obligation to provide for the redemption of our public shares in connection with
an initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination
within 24 months from the closing of this offering or (ii) with respect to any other material provisions relating to stockholders'
rights or pre-initial business combination activity, and (C) to waive their rights to liquidating distributions from the
trust account with respect to any founder shares held by them if we fail to complete our initial business combination within 24 months
from the closing of this offering, although they will be entitled to liquidating distributions from the trust account with respect
to any public shares they hold if we fail to complete our initial business combination within such time period, (iii) the founder
shares are shares of our Class B common stock that will automatically convert into shares of our Class A common stock at the time
of our initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights
as described herein and (iv) are entitled to registration rights. If we submit our initial business combination to our public
stockholders for a vote, our sponsor, officers and directors have agreed (and its permitted transferees will agree) pursuant to
the letter agreement to vote any founder shares held by them and any public shares purchased during or after this offering (including
in open market and privately-negotiated transactions) in favor of our initial business combination.
109
In the case that additional shares of Class A common stock
or equity-linked securities are issued or deemed issued in connection with our initial business combination, the number of
shares of Class A common stock issuable upon conversion of all founder shares will equal, in the aggregate, on an as-converted basis,
20% of the sum of the total number of all shares of common stock outstanding upon the completion of this offering, plus the total
number of shares of Class A common stock issued, or deemed issued or issuable upon conversion or exercise of any equity-linked securities
or rights issued or deemed issued, by the Company in connection with or in relation to the consummation of the initial business
combination, excluding any shares of Class A common stock or equity-linked securities exercisable for or convertible into
shares of Class A common stock issued, or to be issued, to any seller in the initial business combination and any private placement-equivalent warrants
issued to our sponsor, officers or directors upon conversion of working capital loans; provided that such conversion of founder
shares will never occur on a less than one for one basis. We cannot determine at this time whether a majority of the holders of
our Class B common stock at the time of any future issuance would agree to waive such adjustment to the conversion ratio. They
may waive such adjustment due to (but not limited to) the following: (i) closing conditions that are part of the agreement for
our initial business combination; (ii) negotiation with Class A stockholders on structuring an initial business combination; or
(iii) negotiation with parties providing financing that would trigger the anti-dilution provisions of the Class B common
stock. If such adjustment is not waived, the issuance would not reduce the percentage ownership of holders of our Class B common
stock, but would reduce the percentage ownership of holders of our Class A common stock. If such adjustment is waived, the issuance
would reduce the percentage ownership of holders of both classes of our common stock. The term "equity-linked securities"
refers to any debt or equity securities that are convertible, exercisable or exchangeable for shares of Class A common stock issued
in a financing transaction in connection with our initial business combination, including but not limited to a private placement
of equity or debt. Securities could be "deemed issued" for purposes of the conversion rate adjustment if such shares
are issuable upon the conversion or exercise of convertible securities, warrants or similar securities.
With certain limited exceptions, the founder shares are not
transferable, assignable or salable (except to our officers and directors and other persons or entities affiliated with our sponsor,
each of whom will be subject to the same transfer restrictions) until the earlier of (A) one year after the completion of our
initial business combination or (B) subsequent to our initial business combination, (x) if the reported closing price of
our Class A common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations
and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after our initial business
combination or (y) the date, following the completion of our initial business combination, on which we complete a liquidation,
merger, capital stock exchange, reorganization or other similar transaction that results in all of our stockholders having the
right to exchange their shares of common stock for cash, securities or other property.
Preferred Stock
Our amended and restated certificate of incorporation will
provide that shares of preferred stock may be issued from time to time in one or more series. Our board of directors will be authorized
to fix the voting rights, if any, designations, powers, preferences, the relative, participating, optional or other special rights
and any qualifications, limitations and restrictions thereof, applicable to the shares of each series. Our board of directors
will be able to, without stockholder approval, issue preferred stock with voting and other rights that could adversely affect
the voting power and other rights of the holders of the common stock and could have anti-takeover effects. The ability of
our board of directors to issue preferred stock without stockholder approval could have the effect of delaying, deferring or preventing
a change of control of us or the removal of existing management. We have no preferred stock outstanding at the date hereof. Although
we do not currently intend to issue any shares of preferred stock, we cannot assure you that we will not do so in the future.
No shares of preferred stock are being issued or registered in this offering.
110
Redeemable Warrants
Public Stockholders' Warrants
Each whole warrant entitles the registered holder to purchase
one share of our Class A common stock at a price of $11.50 per share, subject to adjustment as discussed below, at any time commencing
on the later of 12 months from the closing of this offering and 30 days after the completion of our initial business combination.
Pursuant to the warrant agreement, a warrantholder may exercise its warrants only for a whole number of Class A common stock.
This means only a whole warrant may be exercised at a given time by a warrantholder. No fractional warrants will be issued upon
separation of the units and only whole warrants will trade. Accordingly, unless you purchase at least two units, you will not
be able to receive or trade a whole warrant. The warrants will expire five years after the completion of our initial business
combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.
We will not be obligated to deliver any shares of Class A common
stock pursuant to the exercise of a warrant and will have no obligation to settle such warrant exercise unless a registration
statement under the Securities Act with respect to the shares of Class A common stock underlying the warrants is then effective
and a current prospectus relating thereto is current, subject to our satisfying our obligations described below with respect to
registration. No warrant will be exercisable and we will not be obligated to issue shares of Class A common stock upon exercise
of a warrant unless Class A common stock issuable upon such warrant exercise has been registered, qualified or deemed to be exempt
under the securities laws of the state of residence of the registered holder of the warrants. In the event that the conditions
in the two immediately preceding sentences are not satisfied with respect to a warrant, the holder of such warrant will not be
entitled to exercise such warrant and such warrant may have no value and expire worthless. In no event will we be required to
net cash settle any warrant. In the event that a registration statement is not effective for the exercised warrants, the purchaser
of a unit containing such warrant, if not cash settled, will have paid the full purchase price for the unit solely for the share
of Class A common stock underlying such unit.
We are not registering the shares of Class A common stock issuable
upon exercise of the warrants at this time. However, we have agreed that as soon as practicable, but in no event later than 15
business days after the closing of our initial business combination, we will use our best efforts to file with the SEC a registration
statement registering the issuance of the shares of Class A common stock issuable upon exercise of the warrants, to cause such
registration statement to become effective and to maintain a current prospectus relating to those shares of Class A common stock
until the warrants expire or are redeemed, as specified in the warrant agreement. If a registration statement covering the shares
of Class A common stock issuable upon exercise of the warrants is not effective by the 60
th
business day after
the closing of our initial business combination or within a specified period following the consummation of our initial business
combination, warrantholders may, until such time as there is an effective registration statement and during any period when we
shall have failed to maintain an effective registration statement, exercise warrants on a "cashless basis" pursuant
to the exemption provided by Section 3(a)(9) of the Securities Act; provided that such exemption is available. If that exemption,
or another exemption, is not available, holders will not be able to exercise their warrants on a cashless basis.
Once the warrants become exercisable, we may call the warrants
for redemption:
•     in
whole and not in part;
•     at
a price of $0.01 per warrant;
•     upon
not less than 30 days' prior written notice of redemption (the "30-day redemption period") to each warrantholder;
and
•     if,
and only if, the reported closing price of the Class A common stock equals or exceeds $18.00 per share (as adjusted for stock
splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day
period ending three business days before we send the notice of redemption to the warrantholders.
If and when the warrants become redeemable by us, we may not
exercise our redemption right if the issuance of shares of common stock upon exercise of the warrants is not exempt from registration
or qualification under applicable state blue sky laws or we are unable to effect such registration or qualification. We will use
our best efforts to register or qualify such shares of common stock under the blue sky laws of the state of residence in those
states in which the warrants were initially offered by us in this offering.
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We have established the last of the redemption criteria discussed
above to prevent a redemption call unless there is at the time of the call a significant premium to the warrant exercise price.
If the foregoing conditions are satisfied and we issue a notice of redemption of the warrants, each warrantholder will be entitled
to exercise its warrant prior to the scheduled redemption date. However, the price of the Class A common stock may fall below
the $18.00 redemption trigger price (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the
like), as well as the $11.50 warrant exercise price after the redemption notice is issued.
If we call the warrants for redemption as described above,
our management will have the option to require any holder that wishes to exercise its warrant to do so on a cashless basis. In
determining whether to require all holders to exercise their warrants on a cashless basis, our management will consider, among
other factors, our cash position, the number of warrants that are outstanding and the dilutive effect on our stockholders of issuing
the maximum number of shares of Class A common stock issuable upon the exercise of our warrants. If our management takes advantage
of this option, all holders of warrants would pay the exercise price by surrendering their warrants for that number of shares
of Class A common stock equal to the quotient obtained by dividing (x) the product of the number of shares of Class A common stock
underlying the warrants multiplied by and the excess of the "fair market value" (defined below) over the exercise
price of the warrants by (y) the fair market value. The "fair market value" shall mean the average reported closing
price of the Class A common stock for the 10 trading days ending on the third trading day prior to the date on which the notice
of redemption is sent to the holders of warrants. If our management takes advantage of this option, the notice of redemption will
contain the information necessary to calculate the number of shares of Class A common stock to be received upon exercise of the
warrants, including the "fair market value" in such case. Requiring a cashless exercise in this manner will reduce
the number of shares to be issued and thereby lessen the dilutive effect of a warrant redemption. We believe this feature is an
attractive option to us if we do not need the cash from the exercise of the warrants after our initial business combination. If
we call our warrants for redemption and our management does not take advantage of this option, our sponsor and its permitted transferees
would still be entitled to exercise their private placement warrants for cash or on a cashless basis using the same formula described
above that other warrantholders would have been required to use had all warrantholders been required to exercise their warrants
on a cashless basis, as described in more detail below.
A holder of a warrant may notify us in writing in the event
it elects to be subject to a requirement that such holder will not have the right to exercise such warrant, to the extent that
after giving effect to such exercise, such person (together with such person's affiliates), to the warrant agent's
actual knowledge, would beneficially own in excess of 4.9% or 9.8% (or such other amount as a holder may specify) of the shares
of Class A common stock outstanding immediately after giving effect to such exercise.
If the number of outstanding shares of Class A common stock
is increased by a stock dividend payable in shares of Class A common stock, or by a split-up of shares of Class A common
stock or other similar event, then, on the effective date of such stock dividend, split-up or similar event, the number of
shares of Class A common stock issuable on exercise of each warrant will be increased in proportion to such increase in the outstanding
shares of Class A common stock. A rights offering to holders of Class A common stock entitling holders to purchase shares of Class
A common stock at a price less than the fair market value will be deemed a stock dividend of a number of shares of Class A common
stock equal to the product of (i) the number of shares of Class A common stock actually sold in such rights offering (or issuable
under any other equity securities sold in such rights offering that are convertible into or exercisable for Class A common stock)
and (ii) one minus the quotient of (x) the price per share of Class A common stock paid in such rights offering divided by (y)
the fair market value. For these purposes (i) if the rights offering is for securities convertible into or exercisable for Class
A common stock, in determining the price payable for Class A common stock, there will be taken into account any consideration
received for such rights, as well as any additional amount payable upon exercise or conversion and (ii) fair market value means
the volume weighted average price of Class A common stock as reported during the 10 trading day period ending on the trading day
prior to the first date on which the shares of Class A common stock trade on the applicable exchange or in the applicable market,
regular way, without the right to receive such rights.
In addition, if we, at any time while the warrants are outstanding
and unexpired, pay a dividend or make a distribution in cash, securities or other assets to the holders of Class A common stock
on account of such shares of Class A common stock (or other shares of our capital stock into which the warrants are convertible),
other than (a) as described above, (b) certain ordinary cash dividends, (c) to satisfy the redemption rights of the holders of
Class A common stock in connection with a proposed initial business combination, (d) to satisfy the redemption rights of
the holders of Class A common stock in connection with a stockholder vote to amend our amended and restated certificate of incorporation
to (i) modify the substance or timing of our obligation to provide for the redemption of our public shares in connection with
an initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination
within 24 months from the closing of this offering or (ii) with respect to any other material provisions relating to stockholders'
rights or pre-initial business combination activity, or (e) in connection with the redemption of our public shares upon our
failure to complete our initial business combination, then the warrant exercise price will be decreased, effective immediately
after the effective date of such event, by the amount of cash and/or the fair market value of any securities or other assets paid
on each share of Class A common stock in respect of such event.
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If the number of outstanding shares of our Class A common stock
is decreased by a consolidation, combination, reverse stock split or reclassification of shares of Class A common stock or other
similar event, then, on the effective date of such consolidation, combination, reverse stock split, reclassification or similar
event, the number of shares of Class A common stock issuable on exercise of each warrant will be decreased in proportion to such
decrease in outstanding shares of Class A common stock.
Whenever the number of shares of Class A common stock purchasable
upon the exercise of the warrants is adjusted, as described above, the warrant exercise price will be adjusted by multiplying
the warrant exercise price immediately prior to such adjustment by a fraction (x) the numerator of which will be the number of
shares of Class A common stock purchasable upon the exercise of the warrants immediately prior to such adjustment, and (y) the
denominator of which will be the number of shares of Class A common stock so purchasable immediately thereafter.
In case of any reclassification or reorganization of the outstanding
shares of Class A common stock (other than those described above or that solely affects the par value of such shares of Class
A common stock), or in the case of any merger or consolidation of us with or into another corporation (other than a consolidation
or merger in which we are the continuing corporation and that does not result in any reclassification or reorganization of our
outstanding shares of Class A common stock), or in the case of any sale or conveyance to another corporation or entity of the
assets or other property of us as an entirety or substantially as an entirety in connection with which we are dissolved, the holders
of the warrants will thereafter have the right to purchase and receive, upon the basis and upon the terms and conditions specified
in the warrants and in lieu of the shares of our Class A common stock immediately theretofore purchasable and receivable upon
the exercise of the rights represented thereby, the kind and amount of shares of stock or other securities or property (including
cash) receivable upon such reclassification, reorganization, merger or consolidation, or upon a dissolution following any such
sale or transfer, that the holder of the warrants would have received if such holder had exercised their warrants immediately
prior to such event. If less than 70% of the consideration receivable by the holders of Class A common stock in such a transaction
is payable in the form of Class A common stock in the successor entity that is listed for trading on a national securities exchange
or is quoted in an established over-the-counter market, or is to be so listed for trading or quoted immediately following
such event, and if the registered holder of the warrant properly exercises the warrant within 30 days following public disclosure
of such transaction, the warrant exercise price will be reduced as specified in the warrant agreement based on the Black-Scholes value
(as defined in the warrant agreement) of the warrant. The purpose of such exercise price reduction is to provide additional value
to holders of the warrants when an extraordinary transaction occurs during the exercise period of the warrants pursuant to which
the holders of the warrants otherwise do not receive the full potential value of the warrants. This formula is to compensate the
warrantholder for the loss of the option value portion of the warrant due to the requirement that the warrantholder exercise the
warrant within 30 days of the event. The Black-Scholes model is an accepted pricing model for estimating fair market value
where no quoted market price for an instrument is available.
The warrants will be issued in registered form under a warrant
agreement between Continental Stock Transfer & Trust Company, as warrant agent, and us. You should review a copy of the warrant
agreement, which will be filed as an exhibit to the registration statement of which this prospectus is a part, for a complete
description of the terms and conditions applicable to the warrants. The warrant agreement provides that the terms of the warrants
may be amended without the consent of any holder to cure any ambiguity or correct any defective provision, and that all other
modifications or amendments will require the vote or written consent of the holders of at least a majority of the then outstanding
public warrants and, solely with respect to any amendment to the terms of the private placement warrants, a majority of the then
outstanding private placement warrants.
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The warrants may be exercised upon surrender of the warrant
certificate on or prior to the expiration date at the offices of the warrant agent, with the exercise form on the reverse side
of the warrant certificate completed and executed as indicated, accompanied by full payment of the exercise price (or on a cashless
basis, if applicable), by certified or official bank check payable to us, for the number of warrants being exercised. The warrantholders
do not have the rights or privileges of holders of Class A common stock or any voting rights until they exercise their warrants
and receive shares of Class A common stock. After the issuance of shares of Class A common stock upon exercise of the warrants,
each holder will be entitled to one vote for each share held of record on all matters to be voted on by stockholders.
No fractional shares will be issued upon exercise of the warrants.
If, upon exercise of the warrants, a holder would be entitled to receive a fractional interest in a share, we will, upon exercise,
round down to the nearest whole number of shares of Class A common stock to be issued to the warrantholder. As a result, warrantholders
not purchasing an even number of warrants must sell any odd number of warrants in order to obtain full value from the fractional
interests that will not be issued.
In addition, if (x) we issue additional shares of Class A common
stock or equity-linked securities for capital raising purposes in connection with the closing of our initial business combination
at a Newly Issued Price of less than $9.20 per share of Class A common stock (with such issue price or effective issue price to
be determined in good faith by our board of directors and, in the case of any such issuance to our sponsor or its affiliates,
without taking into account any founder shares held by our sponsor or such affiliates, as applicable, prior to such issuance),
(y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon,
available for the funding of our initial business combination on the date of the consummation of our initial business combination
(net of redemptions), and (z) the Market Value is below $9.20 per share, the exercise price of the warrants will be adjusted (to
the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, and the $18.00 per share redemption
trigger price described above will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and
the Newly Issued Price.
We have agreed that, subject to applicable law, any action,
proceeding or claim against us arising out of or relating in any way to the warrant agreement will be brought and enforced in
the courts of the State of New York or the United States District Court for the Southern District of New York, and we irrevocably
submit to such jurisdiction, which jurisdiction will be the exclusive forum for any such action, proceeding or claim. See "Risk
Factors — Our warrant agreement will designate the courts of the State of New York or the United States District Court for
the Southern District of New York as the sole and exclusive forum for certain types of actions and proceedings that may be initiated
by holders of our warrants, which could limit the ability of warrant holders to obtain a favorable judicial forum for disputes
with our company." This provision applies to claims under the Securities Act but does not apply to claims under the Exchange
Act or any claim for which the federal district courts of the United States of America are the sole and exclusive forum.
Private Placement Warrants
The private placement warrants (including the Class A common
stock issuable upon exercise of the private placement warrants) will not be transferable, assignable or salable until 30 days
after the completion of our initial business combination (except, among other limited exceptions as described under the section
of this prospectus entitled "Principal Stockholders — Restrictions on Transfers of Founder Shares and Private Placement
Warrants," to our officers and directors and other persons or entities affiliated with our sponsor) and they will not be
redeemable by us so long as they are held by our sponsor or its permitted transferees. Except as described below, the private
placement warrants have terms and provisions that are identical to those of the warrants being sold as part of the units in this
offering, including as to exercise price, exercisability and exercise period. If the private placement warrants are held by holders
other than the sponsor or its permitted transferees, the private placement warrants will be redeemable by us and exercisable by
the holders on the same basis as the warrants included in the units being sold in this offering.
If holders of the private placement warrants elect to exercise
them on a cashless basis, they would pay the exercise price by surrendering their warrants for that number of shares of Class
A common stock equal to the quotient obtained by dividing (x) the product of the number of shares of Class A common stock underlying
the warrants multiplied by the excess of the "fair market value" (defined below) over the exercise price of the warrants
by (y) the fair market value. The "fair market value" means the average reported closing price of the Class A common
stock for the 10 trading days ending on the third trading day prior to the date on which the notice of warrant exercise is sent
to the warrant agent. The reason that we have agreed that these warrants will be exercisable on a cashless basis so long as they
are held by the sponsor or its permitted transferees is because it is not known at this time whether they will be affiliated with
us following an initial business combination. If they remain affiliated with us, their ability to sell our securities in the open
market will be significantly limited. We expect to have policies in place that prohibit insiders from selling our securities except
during specific periods of time. Even during such periods of time when insiders will be permitted to sell our securities, an insider
cannot trade in our securities if he or she is in possession of material non-public information. Accordingly, unlike public
stockholders who could exercise their warrants sell the shares of Class A common stock issuable upon exercise of the warrants
freely in the open market, the insiders could be significantly restricted from doing so. As a result, we believe that allowing
the holders to exercise such warrants on a cashless basis is appropriate.
In order to finance transaction costs in connection with an
intended initial business combination, our sponsor or an affiliate of our sponsor or certain of our officers and directors may,
but are not obligated to, loan us funds as may be required. Up to $1,500,000 of such loans may be convertible into warrants at
a price of $1.00 per warrant at the option of the lender. Such warrants would be identical to the private placement warrants,
including as to exercise price, exercisability and exercise period. The terms of such working capital loans by our sponsor or
their affiliates, or our officers and directors, if any, have not been determined and no written agreements exist with respect
to such loans.
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Our sponsor has agreed not to transfer, assign or sell any
of the private placement warrants (including the Class A common stock issuable upon exercise of any of these warrants) until
the date that is 30 days after the date we complete our initial business combination, except that, among other limited exceptions
as described under the section of this prospectus entitled "Principal Stockholders — Restrictions on Transfers of
Founder Shares and Private Placement Warrants" made to our officers and directors and other persons or entities affiliated
with our sponsor.
Dividends
We have not paid any cash dividends on our common stock to
date and do not intend to pay cash dividends prior to the completion of an initial business combination. The payment of cash dividends
in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial conditions
subsequent to completion of an initial business combination. The payment of any cash dividends subsequent to an initial business
combination will be within the discretion of our board of directors at such time. If we increase or decrease the size of this
offering we will effect a stock dividend or a share contribution back to capital or other appropriate mechanism, as applicable,
with respect to our Class B common stock immediately prior to the consummation of the offering in such amount as to maintain the
ownership of our initial stockholders at 20% of the issued and outstanding shares of our common stock upon the consummation of
this offering. Further, if we incur any indebtedness, our ability to declare dividends may be limited by restrictive covenants
we may agree to in connection therewith.
Our Transfer Agent and Warrant Agent
The transfer agent for our common stock and warrant agent for
our warrants is Continental Stock Transfer & Trust Company. We have agreed to indemnify Continental Stock Transfer & Trust
Company in its roles as transfer agent and warrant agent, its agents and each of its stockholders, directors, officers and employees
against all claims and losses that may arise out of acts performed or omitted for its activities in that capacity, except for
any liability due to any gross negligence, willful misconduct or bad faith of the indemnified person or entity.
Our Amended and Restated Certificate of Incorporation
Our amended and restated certificate of incorporation contains
certain requirements and restrictions relating to this offering that will apply to us until the completion of our initial business
combination. These provisions cannot be amended without the approval of the holders of 65% of our common stock. Our initial stockholders,
who will collectively beneficially own 20% of our common stock upon the closing of this offering (assuming they do not purchase
any units in this offering), will participate in any vote to amend our amended and restated certificate of incorporation and will
have the discretion to vote in any manner they choose. Specifically, our amended and restated certificate of incorporation will
provide, among other things, that:
•      if
we are unable to complete our initial business combination within 24 months from the closing of this offering, we will: (i)
cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible, but not more than 10 business
days thereafter redeem 100% of the public shares, at a per-share price, payable in cash, equal to the aggregate amount then
on deposit in the trust account, including interest earned on the funds held in the trust account and not previously released
to us to pay our taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding
public shares, which redemption will completely extinguish public stockholders' rights as stockholders (including the right
to receive further liquidating distributions, if any), and (iii) as promptly as reasonably possible following such redemption,
subject to the approval of our remaining stockholders and our board of directors, liquidate and dissolve, subject in each case
to our obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law;
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•      prior
to our initial business combination, we may not issue additional shares of capital stock that would entitle the holders thereof
to (i) receive funds from the trust account, (ii) vote on any initial business combination or (iii) vote on matters related to
our pre-initial business combination activity;
•      although
we do not intend to enter into an initial business combination with a target business that is affiliated with our sponsor, our
directors or our officers, we are not prohibited from doing so. In the event we enter into such a transaction, we, or a committee
of independent directors, will obtain an opinion from an independent investment banking firm or another independent entity that
commonly renders valuation opinions, that such an initial business combination is fair to our company from a financial point of
view;
•      if
a stockholder vote on our initial business combination is not required by law and we do not decide to hold a stockholder vote
for business or other legal reasons, we will offer to redeem our public shares pursuant to Rule 13e-4 and Regulation 14E
of the Exchange Act, and will file tender offer documents with the SEC prior to completing our initial business combination, which
contain substantially the same financial and other information about our initial business combination and the redemption rights
as is required under Regulation 14A of the Exchange Act; whether or not we maintain our registration under the our Exchange Act
or our listing on Nasdaq, we will provide our public stockholders with the opportunity to redeem their public shares by one of
the two methods listed above;
•      so
long as we obtain and maintain a listing for our securities on Nasdaq, Nasdaq rules require that our initial business combination
must occur with one or more target businesses that together have an aggregate fair market value of at least 80% of the value of
the assets held in the trust account (net of amounts disbursed to management for working capital purposes, if any, and excluding
the amount of deferred underwriting discounts held in trust and taxes payable on the income earned on the trust account) at the
time of our signing a definitive agreement in connection with our initial business combination.;
•      if
our stockholders approve an amendment to our amended and restated certificate of incorporation to (A) modify the substance or
timing of our obligation to provide for the redemption of our public shares in connection with an initial business combination
or to redeem 100% of our public shares if we do not complete our initial business combination within 24 months from the closing
of this offering or (B) with respect to any other material provisions relating to stockholders' rights or pre-initial business
combination activity, we will provide our public stockholders with the opportunity to redeem all or a portion of their shares
of Class A common stock upon such approval at a per-share price, payable in cash, equal to the aggregate amount then on deposit
in the trust account, including interest earned on the funds held in the trust account and not previously released to us to pay
our taxes, divided by the number of then outstanding public shares; and
•     we
will not effectuate our initial business combination with another blank check company or a similar company with nominal operations.
In addition, our amended and restated certificate of incorporation
will provide that we will only redeem our public shares so long as (after such redemption) our net tangible assets will be at
least $5,000,001 either immediately prior to or upon consummation of our initial business combination and after payment of deferred
underwriters' fees and commissions.
Certain Anti-Takeover Provisions of Delaware Law and
our Amended and Restated Certificate of Incorporation and Bylaws
We will be subject to the provisions of Section 203 of the
DGCL regulating corporate takeovers upon completion of this offering. This statute prevents certain Delaware corporations, under
certain circumstances, from engaging in a "business combination" with:
•     a
stockholder who owns 15% or more of our outstanding voting stock (otherwise known as an "interested stockholder");
•     an
affiliate of an interested stockholder; or
•     an
associate of an interested stockholder, for three years following the date that the stockholder became an interested stockholder.
A "business combination" includes a merger or sale
of more than 10% of our assets. However, the above provisions of Section 203 do not apply if:
•     our
board of directors approves the transaction that made the stockholder an "interested stockholder," prior to the date
of the transaction;
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•      after
the completion of the transaction that resulted in the stockholder becoming an interested stockholder, that stockholder owned
at least 85% of our voting stock outstanding at the time the transaction commenced, other than statutorily excluded shares of
common stock; or
•      on
or subsequent to the date of the transaction, the initial business combination is approved by our board of directors and authorized
at a meeting of our stockholders, and not by written consent, by an affirmative vote of at least two-thirds of the outstanding
voting stock not owned by the interested stockholder.
Our amended and restated certificate of incorporation will
provide that our board of directors will be classified into two classes of directors. As a result, in most circumstances, a person
can gain control of our board only by successfully engaging in a proxy contest at two or more annual meetings.
Our authorized but unissued common stock and preferred stock
are available for future issuances without stockholder approval and could be utilized for a variety of corporate purposes, including
future offerings to raise additional capital, acquisitions and employee benefit plans. The existence of authorized but unissued
and unreserved common stock and preferred stock could render more difficult or discourage an attempt to obtain control of us by
means of a proxy contest, tender offer, merger or otherwise.
Exclusive forum for certain lawsuits
Our amended and restated certificate of incorporation will
require, to the fullest extent permitted by law, that derivative actions brought in our name, actions against directors, officers
and employees for breach of fiduciary duty and certain other actions may be brought only in the Court of Chancery in the State
of Delaware, except any action (A) as to which the Court of Chancery in the State of Delaware determines that there is an indispensable
party not subject to the jurisdiction of the Court of Chancery (and the indispensable party does not consent to the personal jurisdiction
of the Court of Chancery within ten days following such determination), (B) which is vested in the exclusive jurisdiction of a
court or forum other than the Court of Chancery or (C) for which the Court of Chancery does not have subject matter jurisdiction.
If an action is brought outside of Delaware, the stockholder bringing the suit will be deemed to have consented to service of
process on such stockholder's counsel. Although we believe this provision benefits us by providing increased consistency
in the application of law in the types of lawsuits to which it applies, a court may determine that this provision is unenforceable,
and to the extent it is enforceable, the provision may have the effect of discouraging lawsuits against our directors and officers.
Our amended and restated certificate of incorporation will
provide that the exclusive forum provision will be applicable to the fullest extent permitted by applicable law, subject to certain
exceptions. Section 27 of the Exchange Act creates exclusive federal jurisdiction over all suits brought to enforce any duty or
liability created by the Exchange Act or the rules and regulations thereunder. As a result, the exclusive forum provision will
not apply to suits brought to enforce any duty or liability created by the Exchange Act or any other claim for which the federal
courts have exclusive jurisdiction. In addition, our amended and restated certificate of incorporation provides that, unless we
consent in writing to the selection of an alternative forum, the federal district courts of the United States of America shall,
to the fullest extent permitted by law, be the exclusive forum for the resolution of any complaint asserting a cause of action
arising under the Securities Act of 1933, as amended, or the rules and regulations promulgated thereunder. We note, however, that
there is uncertainty as to whether a court would enforce this provision and that investors cannot waive compliance with the federal
securities laws and the rules and regulations thereunder. Section 22 of the Securities Act creates concurrent jurisdiction for
state and federal courts over all suits brought to enforce any duty or liability created by the Securities Act or the rules and
regulations thereunder.
Special meeting of stockholders
Our bylaws provide that special meetings of our stockholders
may be called only by a majority vote of our board of directors, by our Chief Executive Officer or Chairman.
Advance notice requirements for stockholder proposals
and director nominations
Our bylaws provide that stockholders seeking
to bring business before our annual meeting of stockholders, or to nominate candidates for election as directors at our annual
meeting of stockholders, must provide timely notice of their intent in writing. To be timely, a stockholder's notice will
need to be received by our secretary at our principal executive offices not later than the close of business on the 90
th
day
nor earlier than the opening of business on the 120
th
day prior to the anniversary date of the immediately preceding
annual meeting of stockholders. Pursuant to Rule 14a-8 of the Exchange Act, proposals seeking inclusion in our annual proxy
statement must comply with the notice periods contained therein. Our bylaws also specify certain requirements as to the form and
content of a stockholders' meeting. These provisions may preclude our stockholders from bringing matters before our annual
meeting of stockholders or from making nominations for directors at our annual meeting of stockholders.
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Action by written consent
Subsequent to the consummation of the offering, any action
required or permitted to be taken by our common stockholders must be effected by a duly called annual or special meeting of such
stockholders and may not be effected by written consent of the stockholders other than with respect to our Class B common stock.
Classified Board of Directors
Our board of directors will initially be divided into two classes,
Class I and Class II, with members of each class serving staggered two-year terms. Our amended and restated certificate of
incorporation will provide that the authorized number of directors may be changed only by resolution of the board of directors.
Subject to the terms of any preferred stock, any or all of the directors may be removed from office at any time, but only for
cause and only by the affirmative vote of holders of a majority of the voting power of all then outstanding shares of our capital
stock entitled to vote generally in the election of directors, voting together as a single class. Any vacancy on our board of
directors, including a vacancy resulting from an enlargement of our board of directors, may be filled only by vote of a majority
of our directors then in office.
Class B Common Stock Consent Right
For so long as any shares of Class B common stock remain outstanding,
we may not, without the prior vote or written consent of the holders of a majority of the shares of Class B common stock then
outstanding, voting separately as a single class, amend, alter or repeal any provision of our certificate of incorporation, whether
by merger, consolidation or otherwise, if such amendment, alteration or repeal would alter or change the powers, preferences or
relative, participating, optional or other or special rights of the Class B common stock. Any action required or permitted to
be taken at any meeting of the holders of Class B common stock may be taken without a meeting, without prior notice and without
a vote, if a consent or consents in writing, setting forth the action so taken, shall be signed by the holders of the outstanding
Class B common stock having not less than the minimum number of votes that would be necessary to authorize or take such action
at a meeting at which all shares of Class B common stock were present and voted.
Securities Eligible for Future Sale
Immediately after the consummation of this offering (assuming
no exercise of the underwriters' over-allotment option) we will have 25,000,000 (or 28,750,000 if the underwriters'
over-allotment option is exercised in full) shares of common stock outstanding. Of these shares, the 20,000,000 shares
(or 23,000,000 if the underwriters' over-allotment option is exercised in full) sold in this offering will be freely
tradable without restriction or further registration under the Securities Act, except for any shares purchased by one of our affiliates
within the meaning of Rule 144 under the Securities Act. All of the remaining 5,000,000 (or 5,750,000 if the underwriters'
over-allotment option is exercised in full) shares and all 5,750,000 (or 6,350,000 if the underwriters' over-allotment option
is exercised in full) private placement warrants are restricted securities under Rule 144, in that they were issued in private
transactions not involving a public offering, and the shares of Class B common stock and private placement warrants are subject
to transfer restrictions as set forth elsewhere in this prospectus. These restricted securities will be entitled to registration
rights as more fully described below under "— Registration Rights."
Rule 144
Pursuant to Rule 144, a person who has beneficially owned restricted
shares of our common stock or warrants for at least six months would be entitled to sell their securities; provided that (i) such
person is not deemed to have been one of our affiliates at the time of, or at any time during the three months preceding, a sale
and (ii) we are subject to the Exchange Act periodic reporting requirements for at least three months before the sale and have
filed all required reports under Section 13 or 15(d) of the Exchange Act during the 12 months (or such shorter period as
we were required to file reports) preceding the sale.
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Persons who have beneficially owned restricted shares of our
common stock or warrants for at least six months but who are our affiliates at the time of, or at any time during the three months
preceding, a sale, would be subject to additional restrictions, by which such person would be entitled to sell within any three-month period
only a number of securities that does not exceed the greater of:
•     1%
of the total number of shares of Class A common stock then outstanding, which will equal 200,000 shares immediately after
this offering (or 230,000 if the underwriters exercise their over-allotment option in full); or
•      the
average weekly reported trading volume of the Class A common stock during the four calendar weeks preceding the filing of a notice
on Form 144 with respect to the sale.
Sales by our affiliates under Rule 144 are also limited by
manner of sale provisions and notice requirements and to the availability of current public information about us.
Restrictions on the Use of Rule 144 by Shell Companies
or Former Shell Companies
Rule 144 is not available for the resale of securities initially
issued by shell companies (other than business combination related shell companies) or issuers that have been at any time previously
a shell company. However, Rule 144 also includes an important exception to this prohibition if the following conditions are met:
•     the
issuer of the securities that was formerly a shell company has ceased to be a shell company;
•     the
issuer of the securities is subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act;
•     the
issuer of the securities has filed all Exchange Act reports and materials required to be filed, as applicable, during the preceding
12 months (or such shorter period that the issuer was required to file such reports and materials), other than Current Reports
on Form 8-K; and
•     at
least one year has elapsed from the time that the issuer filed current Form 10 type information with the SEC reflecting its
status as an entity that is not a shell company.
As a result, our initial stockholders will be able to sell
their founder shares and private placement warrants, as applicable, pursuant to Rule 144 without registration one year after we
have completed our initial business combination.
Registration Rights
The holders of (i) the founder shares, which were issued in
a private placement prior to the closing of this offering, (ii) private placement warrants, which will be issued in a private
placement simultaneously with the closing of this offering and the shares of Class A common stock underlying such private placement
warrants and (iii) private placement warrants that may be issued upon conversion of working capital loans (and their underlying
securities) will have registration rights to require us to register a sale of any of our securities held by them pursuant to a
registration rights agreement to be signed prior to or on the effective date of this offering. These holders of these securities
will be entitled to make up to three demands, excluding short form registration demands, that we register such securities for
sale under the Securities Act. In addition, these holders will have "piggy-back" registration rights to include their
securities in other registration statements filed by us, subject to certain limitations. We will bear the expenses incurred in
connection with the filing of any such registration statements.
Listing of Securities
We have applied to list our units, Class A common stock
and warrants on Nasdaq under the symbols "RCHGU," "RCHG" and "RCHGW," respectively. We expect
that our units will be listed on Nasdaq on or promptly after the effective date of the registration statement. Following the date
the shares of our Class A common stock and warrants are eligible to trade separately, we anticipate that the shares of our Class
A common stock and warrants will be listed separately and as a unit on Nasdaq. We cannot guarantee that our securities will be
approved for listing on Nasdaq.
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U.S. FEDERAL
INCOME TAX CONSIDERATIONS
The following discussion is a summary of certain material U.S.
federal income tax consequences of the acquisition, ownership and disposition of our units, shares of Class A common stock and
warrants, which we refer to collectively as our securities. Because the components of a unit are separable at the option of the
holder, the holder of a unit generally should be treated, for U.S. federal income tax purposes, as the owner of the underlying
Class A common stock and one-half of one redeemable warrant components of the unit, as the case may be. As a result, the
discussion below with respect to actual holders of Class A common stock and warrants should also apply to holders of units (as
the deemed owners of the underlying Class A common stock and warrants that comprise the units). This discussion applies only to
securities that are held as capital assets within the meaning of Section 1221 of the Internal Revenue Code of 1986, as amended
(the "Code"), for U.S. federal income tax purposes and is applicable only to holders who purchased units in this offering.
This discussion is a summary only and does not describe all
of the tax consequences that may be relevant to you in light of your particular circumstances, including, but not limited to,
the alternative minimum tax, the Medicare tax on certain investment income and the different consequences that may apply if you
are subject to special rules that apply to certain types of investors, including, but not limited to:
•     financial
institutions or financial services entities;
•     broker-dealers;
•     governments
or agencies or instrumentalities thereof;
•     regulated
investment companies;
•     real
estate investment trusts;
•     expatriates
or former long-term residents of the United States;
•     insurance
companies;
•     dealers
or traders subject to a mark-to-market method of accounting with respect to the securities;
•     persons
holding the securities as part of a "straddle," hedge, integrated investment or similar transaction;
•     U.S.
holders (as defined below) whose functional currency is not the U.S. dollar;
•     partnerships
or other pass-through entities or arrangements for U.S. federal income tax purposes and any beneficial owners of such entities
or arrangements; and
•     tax-exempt entities.
If a partnership (including an entity or arrangement treated
as a partnership for U.S. federal income tax purposes) or other pass through entity holds our units, shares of Class A common
stock or warrants, the U.S. federal income tax treatment of a partner in the partnership or equity holder in the pass through
entity generally will depend upon the status of the partner or equity holder, upon the activities of the partnership or other
pass through entity and upon certain determinations made at the partner or equity holder level. Accordingly, we urge partners
in partnerships (including entities or arrangements treated as partnerships for U.S. federal income tax purposes) and equity holders
in such other pass through entities considering the purchase of our securities to consult their tax advisors regarding the U.S.
federal income tax considerations of the purchase, ownership and disposition of our securities by such partnership or pass through
entity.
This discussion is based on the Code and administrative pronouncements,
judicial decisions and final, temporary and proposed Treasury regulations as of the date hereof, which are subject to change,
possibly on a retroactive basis, and changes to any of which subsequent to the date of this prospectus may affect the tax consequences
described herein. This discussion does not address any aspect of state, local or non-U.S. taxation, or any U.S. federal taxes
other than income taxes (such as gift and estate taxes).
We have not sought and will not seek any rulings from the IRS
regarding the matters discussed below. There can be no assurance that the IRS or court will not take a contrary position regarding
the tax consequences of the purchase, ownership and disposition of our securities.
You are urged to consult your tax advisor with respect to the
application of U.S. federal tax laws to your particular situation, as well as any tax consequences arising under the laws of any
state, local or foreign jurisdiction.
Personal Holding Company Status
We could be subject to a second level of U.S. federal income
tax on a portion of our income if we are determined to be a personal holding company, or PHC, for U.S. federal income tax purposes.
A U.S. corporation generally will be classified as a PHC for U.S. federal income tax purposes in a given taxable year if (i) at
any time during the last half of such taxable year, five or fewer individuals (without regard to their citizenship or residency
and including as individuals for this purpose certain entities such as certain tax-exempt organizations, pension funds and
charitable trusts) own or are deemed to own (pursuant to certain constructive ownership rules) more than 50% of the stock of the
corporation by value and (ii) at least 60% of the corporation's adjusted ordinary gross income, as determined for U.S. federal
income tax purposes, for such taxable year consists of PHC income (which includes, among other things, dividends, interest, certain
royalties, annuities and, under certain circumstances, rents).
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Depending on the date and size of our initial business combination,
it is possible that at least 60% of our adjusted ordinary gross income may consist of PHC income. In addition, depending on the
concentration of our stock in the hands of individuals, including the members of our sponsor and certain tax-exempt organizations,
pension funds and charitable trusts, it is possible that more than 50% of our stock may be owned or deemed owned (pursuant to
the constructive ownership rules) by such persons during the last half of a taxable year. Thus, no assurance can be given that
we will not be a PHC following this offering or in the future. If we are or were to become a PHC in a given taxable year, we would
be subject to an additional PHC tax, currently 20%, on our undistributed PHC income, which generally includes our taxable income,
subject to certain adjustments.
Allocation of Purchase Price and Characterization of a Unit
No statutory, administrative or judicial authority directly
addresses the treatment of a unit or instruments similar to a unit for U.S. federal income tax purposes and, therefore, that treatment
is not entirely clear. The acquisition of a unit should be treated for U.S. federal income tax purposes as the acquisition of
one share of our Class A common stock and one-half of one warrant to acquire one share of our Class A common stock. For U.S.
federal income tax purposes, each holder of a unit must allocate the purchase price paid by such holder for such unit between
the one share of Class A common stock and the one-half of one warrant based on the relative fair market value of each at
the time of issuance. The price allocated to each share of Class A common stock and the one-half of one warrant should be
the stockholder's tax basis in such share or one-half of one warrant, as the case may be. Any disposition of a unit
should be treated for U.S. federal income tax purposes as a disposition of the share of Class A common stock and one-half of
one warrant comprising the unit, and the amount realized on the disposition should be allocated between the Class A common stock
and the one-half of one warrant based on their respective relative fair market value at the time of disposition. The separation
of shares of Class A common stock and warrants comprising units should not be a taxable event for U.S. federal income tax purposes.
The foregoing treatment of the shares of Class A common stock
and warrants and a holder's purchase price allocation are not binding on the Internal Revenue Service ("IRS")
or the courts. Because there are no authorities that directly address instruments that are similar to the units, no assurance
can be given that the IRS or the courts will agree with the characterization described above or the discussion below. Accordingly,
each prospective investor is urged to consult its own tax advisors regarding the tax consequences of an investment in a unit (including
alternative characterizations of a unit). The balance of this discussion assumes that the characterization of the units described
above is respected for U.S. federal income tax purposes.
U.S. Holders
This section applies to you if you are a "U.S. holder."
A U.S. holder is a beneficial owner of our units, shares of Class A common stock or warrants who or that is, for U.S. federal
income tax purposes:
•     an
individual who is a citizen or resident of the United States;
•     a
corporation (or other entity taxable as a corporation for U.S. federal income tax purposes) organized in or under the laws of
the United States, any state thereof or the District of Columbia;
•     an
estate the income of which is includible in gross income for U.S. federal income tax purposes regardless of its source; or
•     a
trust, if (i) a court within the United States is able to exercise primary supervision over the administration of the trust and
one or more United States persons (as defined in the Code) have authority to control all substantial decisions of the trust or
(ii) it has a valid election in effect under Treasury Regulations to be treated as a United States person.
Taxation of Distributions.
If
we pay distributions in cash or other property to U.S. holders of shares of our Class A common stock, such distributions
generally will constitute dividends for U.S. federal income tax purposes to the extent paid from our current or accumulated earnings
and profits, as determined under U.S. federal income tax principles. Distributions in excess of current and accumulated earnings
and profits will constitute a return of capital that will be applied against and reduce (but not below zero) the U.S. holder's
adjusted tax basis in our Class A common stock. Any remaining excess will be treated as gain realized on the sale or other disposition
of the Class A common stock and will be treated as described under "U.S. Holders — Gain or Loss on Sale, Taxable Exchange
or Other Taxable Disposition of Class A Common Stock and Warrants" below.
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Dividends we pay to a U.S. holder that is a taxable corporation
generally will qualify for the dividends received deduction if the requisite holding period is satisfied. With certain exceptions
(including, but not limited to, dividends treated as investment income for purposes of investment interest deduction limitations),
and provided certain holding period requirements are met, dividends we pay to a non-corporate U.S. holder generally will
constitute "qualified dividends" that will be subject to tax at the maximum tax rate accorded to long-term capital
gains. It is unclear whether the redemption rights with respect to the Class A common stock described in this prospectus may prevent
a U.S. holder from satisfying the applicable holding period requirements with respect to the dividends received deduction or the
preferential tax rate on qualified dividend income, as the case may be. If the holding period requirements are not satisfied,
then a corporation may not be able to qualify for the dividends received deduction and would have taxable income equal to the
entire dividend amount, and non-corporate holders may be subject to tax on such dividend at regular ordinary income tax rates
instead of the preferential rate that applies to qualified dividend income.
Gain or Loss on Sale, Taxable Exchange or Other Taxable
Disposition of Class A Common Stock and Warrants.
Upon a sale or other taxable disposition of
our Class A common stock or warrants which, in general, would include a redemption of Class A common stock or warrants that is
treated as a sale of such securities as described below, and including, as a result of a dissolution and liquidation in the event
we do not consummate an initial business combination within the required time period, a U.S. holder generally will recognize capital
gain or loss in an amount equal to the difference between the amount realized and the U.S. holder's adjusted tax basis in
the Class A common stock or warrants. Any such capital gain or loss generally will be long-term capital gain or loss if the
U.S. holder's holding period for the Class A common stock or warrants so disposed of exceeds one year. It is unclear, however,
whether the redemption rights with respect to the Class A common stock described in this prospectus may suspend the running of
the applicable holding period for this purpose. If the running of the holding period for the Class A common stock is suspended,
then non-corporate U.S. holders may not be able to satisfy the one-year holding period requirement for long-term capital
gain treatment, in which case any gain on a sale or taxable disposition of the shares or warrants would be subject to short-term capital
gain treatment and would be taxed at regular ordinary income tax rates. Long-term capital gains recognized by non-corporate U.S.
holders will be eligible to be taxed at reduced rates. The deductibility of capital losses is subject to limitations.
Generally, the amount of gain or loss recognized by a U.S.
holder is an amount equal to the difference between (i) the sum of the amount of cash and the fair market value of any property
received in such disposition (or, if the Class A common stock or warrants are held as part of units at the time of the disposition,
the portion of the amount realized on such disposition that is allocated to the Class A common stock or the warrants based upon
the then fair market value of the Class A common stock and the warrants included in the units) and (ii) the U.S. holder's
adjusted tax basis in its Class A common stock or warrants so disposed of. A U.S. holder's adjusted tax basis in its Class
A common stock or warrants generally will equal the U.S. holder's acquisition cost (that is, as discussed above, the portion
of the purchase price of a unit allocated to a share of Class A common stock or one-half of one warrant or, as discussed
below, the U.S. holder's initial basis for Class A common stock received upon exercise of warrants) less, in the case of
a share of Class A common stock, any prior distributions treated as a return of capital.
Redemption of Class A Common Stock.
In
the event that a U.S. holder's Class A common stock is redeemed pursuant to the redemption provisions described in this
prospectus under the section of this prospectus entitled "Description of Securities — Common Stock" or if we
purchase a U.S. holder's Class A common stock in an open market transaction (each of which we refer to as a "redemption"),
the treatment of the transaction for U.S. federal income tax purposes will depend on whether the redemption qualifies as a sale
of the Class A common stock under Section 302 of the Code. If the redemption qualifies as a sale of common stock, the U.S. holder
will be treated as described under "U.S. Holders — Gain or Loss on Sale, Taxable Exchange or Other Taxable Disposition
of Class A Common Stock and Warrants" above. If the redemption does not qualify as a sale of common stock, the U.S. holder
will be treated as receiving a corporate distribution with the tax consequences described above under "U.S. Holders —
Taxation of Distributions." Whether a redemption qualifies for sale treatment will depend largely on the total number of
shares of our stock treated as held by the U.S. holder (including any stock constructively owned by the U.S. holder as a result
of owning warrants) relative to all of our shares outstanding both before and after the redemption. The redemption of Class A
common stock generally will be treated as a sale of the Class A common stock (rather than as a corporate distribution) if the
redemption (i) is "substantially disproportionate" with respect to the U.S. holder, (ii) results in a "complete
termination" of the U.S. holder's interest in us or (iii) is "not essentially equivalent to a dividend"
with respect to the U.S. holder. These tests are explained more fully below.
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In determining whether any of the foregoing tests are satisfied,
a U.S. holder takes into account not only stock actually owned by the U.S. holder, but also shares of our stock that are constructively
owned by it. A U.S. holder may constructively own, in addition to stock owned directly, stock owned by certain related individuals
and entities in which the U.S. holder has an interest or that have an interest in such U.S. holder, as well as any stock the U.S.
holder has a right to acquire by exercise of an option, which would generally include Class A common stock which could be acquired
pursuant to the exercise of the warrants. In order to meet the substantially disproportionate test, the percentage of our outstanding
voting stock actually and constructively owned by the U.S. holder immediately following the redemption of Class A common stock
must, among other requirements, be less than 80% of the percentage of our outstanding voting stock actually and constructively
owned by the U.S. holder immediately before the redemption. There will be a complete termination of a U.S. holder's interest
if either (i) all of the shares of our stock actually and constructively owned by the U.S. holder are redeemed or (ii) all of
the shares of our stock actually owned by the U.S. holder are redeemed and the U.S. holder is eligible to waive, and effectively
waives in accordance with specific rules, the attribution of stock owned by certain family members and the U.S. holder does not
constructively own any other shares of our stock. The redemption of the Class A common stock will not be essentially equivalent
to a dividend if the redemption results in a "meaningful reduction" of the U.S. holder's proportionate interest
in us. Whether the redemption will result in a meaningful reduction in a U.S. holder's proportionate interest in us will
depend on the particular facts and circumstances. However, the IRS has indicated in a published ruling that even a small reduction
in the proportionate interest of a small minority stockholder in a publicly held corporation who exercises no control over corporate
affairs may constitute such a "meaningful reduction." A U.S. holder should consult with its own tax advisors as to
the tax consequences of a redemption.
If none of the foregoing tests is satisfied, then the redemption
will be treated as a corporate distribution and the tax effects will be as described under "U.S. Holders — Taxation
of Distributions," above. After the application of those rules, any remaining tax basis of the U.S. holder in the redeemed
Class A common stock will be added to the U.S. holder's adjusted tax basis in its remaining stock, or, if it has none,
to the U.S. holder's adjusted tax basis in its warrants or possibly in other stock constructively owned by it.
Exercise or Lapse of a Warrant.
Except
as discussed below with respect to the cashless exercise of a warrant, a U.S. holder generally will not recognize taxable
gain or loss on the acquisition of common stock upon exercise of a warrant for cash. The U.S. holder's tax basis in the
share of our Class A common stock received upon exercise of the warrant generally will be an amount equal to the sum of the U.S.
holder's initial investment in the warrant (i.e., the portion of the U.S. holder's purchase price for a unit
that is allocated to the warrant, as described above under "— Allocation of Purchase Price and Characterization
of a Unit") and the exercise price. It is unclear whether the U.S. holder's holding period for the Class A common
stock received upon exercise of the warrants will begin on the date following the date of exercise or on the date of exercise
of the warrants; in either case, the holding period will not include the period during which the U.S. holder held the warrants.
If a warrant is allowed to lapse unexercised, a U.S. holder generally will recognize a capital loss equal to such holder's
tax basis in the warrant.
The tax consequences of a cashless exercise of a warrant are
not clear under current tax law. A cashless exercise may be tax-free, either because the exercise is not a realization event or
because the exercise is treated as a recapitalization for U.S. federal income tax purposes. In either tax-free situation,
a U.S. holder's basis in the Class A common stock received would equal the holder's basis in the warrants exercised
therefor. If the cashless exercise were treated as not being a realization event, it is unclear whether a U.S. holder's
holding period in the Class A common stock would be treated as commencing on the date following the date of exercise or on the
date of exercise of the warrant. If the cashless exercise were treated as a recapitalization, the holding period of the Class
A common stock would include the holding period of the warrants exercised therefor.
It is also possible that a cashless exercise could be treated
in whole or in part as a taxable exchange in which gain or loss would be recognized. In such event, a U.S. holder may be deemed
to have surrendered a number of warrants with an aggregate fair market value equal to the exercise price for the total number
of warrants to be exercised. The U.S. holder would recognize capital gain or loss in an amount equal to the difference between
the fair market value of the Class A common stock represented by the warrants deemed surrendered and the U.S. holder's tax
basis in the warrants deemed surrendered. In this case, a U.S. holder's tax basis in the Class A common stock received would
equal the sum of the U.S. holder's initial investment in the warrants exercised (i.e., the portion of the U.S. holder's
purchase price for a unit that is allocated to the warrant, as described above under "— Allocation of Purchase Price
and Characterization of a Unit") and the exercise price of such warrants. It is unclear whether a U.S. holder's holding
period for the Class A common stock would commence on the date following the date of exercise or on the date of exercise of the
warrant; in either case, the holding period would not include the period during which the U.S. holder held the warrant.
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Due to the absence of authority on the U.S. federal income
tax treatment of a cashless exercise, including when a U.S. holder's holding period would commence with respect to the Class
A common stock received, there can be no assurance which, if any, of the alternative tax consequences and holding periods described
above would be adopted by the IRS or a court of law. Accordingly, U.S. holders should consult their tax advisors regarding the
tax consequences of a cashless exercise.
Possible Constructive Distributions.
The
terms of each warrant provide for an adjustment to the number of shares of Class A common stock for which the warrant may be exercised
or to the exercise price of the warrant in certain events, as discussed in the section of this prospectus entitled "Description
of Securities — Redeemable Warrants — Public Stockholders' Warrants." An adjustment which has the effect
of preventing dilution generally is not taxable. The U.S. holders of the warrants would, however, be treated as receiving a constructive
distribution from us if, for example, the adjustment to the number of such shares or to such exercise price increases the warrantholders'
proportionate interest in our assets or earnings and profits (e.g., through an increase in the number of shares of Class A common
stock that would be obtained upon exercise or through a decrease in the exercise price of the warrant). Such constructive distribution
would be subject to tax in the same manner as if the U.S. holders of the warrants received a cash distribution from us equal to
the fair market value of such increased interest resulting from the adjustment.
Information Reporting and Backup Withholding.
In
general, information reporting requirements may apply to dividends paid to a U.S. holder and to the proceeds of the sale or other
disposition of our units, shares of Class A common stock and warrants, unless the U.S. holder is an exempt recipient. Backup withholding
may apply to such payments if the U.S. holder fails to provide a taxpayer identification number, a certification of exempt status
or has been notified by the IRS that it is subject to backup withholding (and such notification has not been withdrawn).
Backup withholding is not an additional tax. Any amounts withheld
under the backup withholding rules will be allowed as a refund or a credit against a U.S. holder's U.S. federal income tax
liability provided the required information is timely furnished to the IRS.
All U.S. holders should consult their tax advisors regarding
the application of information reporting and backup withholding to them.
Non-U.S. Holders
This section applies to you if you are a "Non-U.S. holder."
As used herein, the term "Non-U.S. holder" means a beneficial owner of our units, Class A common stock or warrants
who or that is for U.S. federal income tax purposes:
•     a
non-resident alien individual (other than certain former citizens and residents of the United States subject to U.S.
tax as expatriates);
•     a
foreign corporation; or
•     an
estate or trust that is not a U.S. holder;
but generally does not include an individual who is present
in the United States for 183 days or more in the taxable year of disposition. If you are such an individual, you should consult
your tax advisor regarding the U.S. federal income tax consequences of the acquisition, ownership or sale or other disposition
of our securities.
Taxation of Distributions.
In
general, any distributions (including constructive distributions) we make to a Non-U.S. holder of shares of our Class A common
stock, to the extent paid out of our current or accumulated earnings and profits (as determined under U.S. federal income tax
principles), will constitute dividends for U.S. federal income tax purposes and, provided such dividends are not effectively connected
with the Non-U.S. holder's conduct of a trade or business within the United States, we will be required to withhold tax
from the gross amount of the dividend at a rate of 30%, unless such Non-U.S. holder is eligible for a reduced rate of withholding
tax under an applicable income tax treaty and provides proper certification of its eligibility for such reduced rate (usually
on an IRS Form W-8BEN or W-8BEN-E). In the case of any constructive dividend, it is possible that this tax would be withheld
from any amount owed to a Non-U.S. holder by the applicable withholding agent, including cash distributions on other property
or sales proceeds from warrants or other property subsequently paid or credited to such holder. Any distribution not constituting
a dividend will be treated first as reducing (but not below zero) the Non-U.S. holder's adjusted tax basis in its shares
of our Class A common stock and, to the extent such distribution exceeds the Non-U.S. holder's adjusted tax basis, as gain
realized from the sale or other disposition of the Class A common stock, which will be treated as described under "Non-U.S.
Holders — Gain on Sale, Taxable Exchange or Other Taxable Disposition of Class A Common Stock and Warrants" below.
In addition, if we determine that we are classified as a "United States real property holding corporation" (see "Non-U.S.
Holders — Gain on Sale, Taxable Exchange or Other Taxable Disposition of Class A Common Stock and Warrants" below),
we will withhold 15% of any distribution that exceeds our current and accumulated earnings and profits.
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The withholding tax does not apply to dividends paid to a Non-U.S.
holder who provides a Form W-8ECI, certifying that the dividends are effectively connected with the Non-U.S. holder's conduct
of a trade or business within the United States. Instead, such dividends generally will be subject to U.S. federal income tax,
net of certain deductions, at the same graduated individual or corporate rates applicable to U.S. holder (subject to an exemption
or reduction in such tax as may be provided by an applicable income tax treaty). A Non-U.S. corporation receiving effectively
connected dividends may also be subject to an additional "branch profits tax" imposed at a rate of 30% (or a lower
applicable treaty rate).
Gain on Sale, Taxable Exchange or Other Taxable Disposition
of Class A Common Stock and Warrants.
A Non-U.S. holder generally will not be subject to U.S.
federal income or withholding tax in respect of gain recognized on a sale, taxable exchange or other taxable disposition of our
Class A common stock, which would include a dissolution and liquidation in the event we do not complete an initial business combination
within the required time period, or warrants (including an expiration or redemption of our warrants), in each case without regard
to whether those securities were held as part of a unit, unless:
•      the
gain is effectively connected with the conduct of a trade or business by the Non-U.S. holder within the United States (and, under
certain income tax treaties, is attributable to a United States permanent establishment or fixed base maintained by the Non-U.S.
holder); or
•      we
are or have been a "United States real property holding corporation" for U.S. federal income tax purposes at any time
during the shorter of the five-year period ending on the date of disposition or the period that the Non-U.S. holder held
our Class A common stock, and, in the case where shares of our Class A common stock are regularly traded on an established
securities market, the Non-U.S. holder has owned, directly or constructively, more than 5% of our Class A common stock at any
time within the shorter of the five-year period preceding the disposition or such Non-U.S. holder's holding period
for the shares of our Class A common stock. There can be no assurance that our Class A common stock will be treated as regularly
traded on an established securities market for this purpose.
Unless an applicable treaty provides otherwise, gain described
in the first bullet point above will be subject to tax at generally applicable U.S. federal income tax rates as if the Non-U.S.
holder were a United States resident. Any gains described in the first bullet point above of a Non-U.S. holder that is a foreign
corporation may also be subject to an additional "branch profits tax" at a 30% rate (or lower treaty rate).
If the second bullet point above applies to a Non-U.S. holder,
gain recognized by such holder on the sale, exchange or other disposition of our Class A common stock or warrants will be subject
to tax at generally applicable U.S. federal income tax rates. In addition, a buyer of our Class A common stock or warrants from
such holder may be required to withhold U.S. federal income tax at a rate of 15% of the amount realized upon such disposition.
We cannot determine whether we will be a United States real property holding corporation in the future until we complete an initial
business combination. We will be classified as a United States real property holding corporation if the fair market value of our
 "United States real property interests" equals or exceeds 50% of the sum of the fair market value of our worldwide
real property interests plus our other assets used or held for use in a trade or business, as determined for U.S. federal income
tax purposes.
Redemption of Class A Common Stock.
The
characterization for U.S. federal income tax purposes of the redemption of a Non-U.S. holder's Class A common stock generally
will correspond to the U.S. federal income tax characterization of such a redemption of a U.S. holder's Class A common stock,
as described under "U.S. Holders —Redemption of Class A Common Stock" above, and the consequences of the
redemption to the Non-U.S. holder will be as described above under "Non-U.S. Holders — Taxation of Distributions"
and "Non-U.S. Holders — Gain on Sale, Taxable Exchange or Other Taxable Disposition of Class A Common Stock and Warrants,"
as applicable.
Exercise of a Warrant.
The U.S.
federal income tax treatment of a Non-U.S. holder's exercise of a warrant, or the lapse of a warrant held by a Non-U.S.
holder, generally will correspond to the U.S. federal income tax treatment of the exercise or lapse of a warrant by a U.S. holder,
as described under "U.S. Holders — Exercise or Lapse of a Warrant" above, although to the extent a cashless
exercise results in a taxable exchange, the consequences would be similar to those described above in "Non-U.S. Holders
 — Gain on Sale, Taxable Exchange or Other Taxable Disposition of Class A Common Stock and Warrants."
125
Possible Constructive Distributions
.    The
terms of each warrant provide for an adjustment to the number of shares of Class A common stock for which the warrant may be exercised
or to the exercise price of the warrant in certain events, as discussed in the section of this prospectus entitled "Description
of Securities — Redeemable Warrants — Public Stockholders' Warrants." An adjustment which has the effect
of preventing dilution generally is not taxable. The Non-U.S. holders of the warrants would, however, be treated as receiving
a constructive distribution from us if, for example, the adjustment to the number of such shares or to such exercise price increases
the warrantholders' proportionate interest in our assets or earnings and profits (e.g., through an increase in the number
of shares of Class A common stock that would be obtained upon exercise or through a decrease in the exercise price of the
warrant) as a result of a distribution of cash or other property, such as other securities, to the holders of shares of our Class
A common stock, or as a result of the issuance of a stock dividend to holders of shares of our Class A common stock, in each case
which is taxable to the holders of such shares as a distribution. Such constructive distribution would be subject to tax in the
same manner as if the Non-U.S. holders of the warrants received a cash distribution from us equal to the fair market value of
such increased interest resulting from the adjustment.
Information Reporting and Backup Withholding.
Information
returns will be filed with the IRS in connection with payments of dividends and the proceeds from a sale or other disposition
of our units, shares of Class A common stock and warrants. A Non-U.S. holder may have to comply with certification procedures
to establish that it is not a United States person in order to avoid information reporting and backup withholding requirements.
The certification procedures required to claim a reduced rate of withholding under a treaty generally will satisfy the certification
requirements necessary to avoid the backup withholding as well.
Backup withholding is not an additional tax. The amount of
any backup withholding from a payment to a Non-U.S. holder will be allowed as a credit against such holder's U.S. federal
income tax liability and may entitle such holder to a refund; provided that the required information is timely furnished to the
IRS.
All Non-U.S. holders should consult their tax advisors regarding
the application of information reporting and backup withholding to them.
FATCA Withholding Taxes.
Sections
1471 through 1474 of the Code and the Treasury Regulations and administrative guidance promulgated thereunder (commonly referred
as the "Foreign Account Tax Compliance Act" or "FATCA") generally impose withholding at a rate of 30%
in certain circumstances on dividends in respect of our securities which are held by or through certain foreign financial institutions
(including investment funds), unless any such institution (1) enters into, and complies with, an agreement with the IRS to report,
on an annual basis, information with respect to interests in, and accounts maintained by, the institution that are owned by certain
U.S. persons and by certain non-U.S. entities that are wholly or partially owned by U.S. persons and to withhold on certain payments,
or (2) if required under an intergovernmental agreement between the United States and an applicable foreign country, reports such
information to its local tax authority, which will exchange such information with the U.S. authorities. An intergovernmental agreement
between the United States and an applicable foreign country may modify these requirements. Accordingly, the entity through which
our securities are held will affect the determination of whether such withholding is required. Similarly, dividends in respect
of our securities held by an investor that is a non-financial non-U.S. entity that does not qualify under certain exceptions
will generally be subject to withholding at a rate of 30%, unless such entity either (1) certifies to us or the applicable withholding
agent that such entity does not have any "substantial United States owners" or (2) provides certain information regarding
the entity's "substantial United States owners," which will in turn be provided to the U.S. Department of Treasury.
All prospective investors should consult their tax advisors regarding the possible implications of FATCA on their investment in
our securities.
Thirty
percent
withholding under FATCA was
scheduled to apply to payments of gross proceeds from the sale or other disposition of property that produces U.S.-source interest
or dividends beginning on January 1, 2019, but on December 13, 2018, the IRS released proposed regulations that, if
finalized in their proposed form, would eliminate the obligation to withhold on gross proceeds. Such proposed regulations also
delayed withholding on certain other payments received from other foreign financial institutions that are allocable, as provided
for under final Treasury Regulations, to payments of U.S.-source dividends, and other fixed or determinable annual or periodic
income. Although these proposed Treasury Regulations are not final, taxpayers generally may rely on them until final Treasury
Regulations are issued.
126
UNDERWRITING
Raymond James & Associates, Inc. and EarlyBirdCapital,
Inc. are acting as joint book-running managers of the offering and as representatives of the underwriters named below. Subject
to the terms and conditions set forth in the underwriting agreement between us and Raymond James & Associates, Inc. and EarlyBirdCapital,
Inc., we have agreed to sell to the underwriters, and each of the underwriters has agreed, severally and not jointly, to purchase
from us, the respective number of units shown opposite its name below:
Underwriter
Number of Units
Raymond James & Associates, Inc.
EarlyBirdCapital, Inc.
Total
20,000,000
The underwriting agreement will provide that the obligations
of the underwriters to purchase the units included in this offering are subject to all applicable laws and regulations and certain
conditions precedent such as the receipt by the underwriters of officers' certificates and legal opinions and approval of
certain legal matters by their counsel. The underwriting agreement will provide that the underwriters will purchase all of the
units if any of them are purchased (other than those covered by the over-allotment option described below). We have agreed
to indemnify the underwriters and certain of their controlling persons against certain liabilities, including liabilities under
the Securities Act, and to contribute to payments that the underwriters may be required to make in respect of those liabilities.
The underwriters have advised us that, following the completion
of this offering, they currently intend to make a market in the units as permitted by applicable laws and regulations. However,
the underwriters are not obligated to do so, and the underwriters may discontinue any market-making activities at any time
without notice in their sole discretion. Accordingly, no assurance can be given as to the liquidity of the trading market for
the units, that you will be able to sell any of the units held by you at a particular time or that the prices that you receive
when you sell will be favorable.
The underwriters are offering the units subject to their acceptance
of the units from us and subject to prior sale. The underwriters reserve the right to withdraw, cancel or modify offers to the
public and to reject orders in whole or in part. In addition, the underwriters have advised us that they do not intend to confirm
sales to any account over which they exercise discretionary authority.
Commission and Expenses
The underwriters have advised us that they propose to offer
the units to the public at the initial public offering price set forth on the cover page of this prospectus and to certain dealers,
which may include the underwriters, at that price less a concession not in excess of $___ per unit. The underwriters may allow,
and certain dealers may reallow, a discount from the concession not in excess of $___ per unit to certain brokers and dealers.
After the offering, the initial public offering price, concession and reallowance to dealers may be reduced by the representatives.
No such reduction will change the amount of proceeds to be received by us as set forth on the cover page of this prospectus.
The following table shows the public offering price, the underwriting
discounts and commissions that we are to pay the underwriters and the proceeds, before expenses, to us in connection with this
offering. Such amounts are shown assuming both no exercise and full exercise of the underwriters' option to purchase additional
units.
Paid by Recharge
    Acquisition Corp.
(2)
No
    Exercise
Full
    Exercise
Per Unit
(1)
$
0.55
$
0.55
Total
(1)
$
11,000,000
$
12,650,000
(1)      $0.20
per unit, or $4,000,000 in the aggregate (or $4,600,000 in the aggregate if the underwriters' option to purchase additional
units is exercised in full), is payable upon the closing of this offering. $0.35 per unit, or $7,000,000 in the aggregate (or
$8,050,000 in the aggregate if the underwriters' option to purchase additional units is exercised in full) payable to the
underwriters for deferred underwriting commissions will be placed in a trust account located in the United States as described
herein. The deferred commissions will be released to the underwriters only on and concurrently with completion of an initial business
combination.
127
If we do not complete our initial business combination within
24 months from the closing of this offering, the underwriters have agreed that (i) they will forfeit any rights or claims
to their deferred underwriting discounts and commissions, including any accrued interest thereon, then in the trust account and
(ii) the deferred underwriters' discounts and commissions will be distributed on a
pro rata
basis, together
with any accrued interest thereon (which interest will be net of taxes payable) to the public stockholders.
We estimate expenses payable by us in connection with this
offering, other than the underwriting discounts and commissions referred to above, will be approximately $750,000. We have agreed
to pay for FINRA-related fees and expenses of the underwriters' legal counsel, not to exceed $15,000 and have agreed
to provide Raymond James & Associates, Inc. with a right of first refusal  to participate as lead underwriter or placement
agent, with at least 50% of the economics for any such offering, for any public or private securities offerings up to the consummation
of our initial business combination. In accordance with FINRA Rule 5110(f)(2)(E)(i), such right of first refusal shall not have
a duration of more than three years from the effective date of the registration statement of which this prospectus forms a part.
Determination of Offering Price
Prior to this offering, there has not been a public market
for our securities. Consequently, the initial public offering price for our units was determined by negotiations between us and
the representatives. Among the factors considered in these negotiations were the history and prospects of companies whose principal
business is the acquisition of other companies, prior offerings of those companies, our management, our capital structure, and
currently prevailing general conditions in equity securities markets, including current market valuations of publicly traded companies
considered comparable to our company.
We offer no assurances that the initial public offering price
will correspond to the price at which the units will trade in the public market subsequent to the offering or that an active trading
market for the units will develop and continue after the offering.
Listing
We have applied to have our units listed on Nasdaq under
the trading symbol "RCHGU." We expect that our Class A common stock and warrants will be listed under the symbols
 "RCHG" and "RCHGW," respectively, once the Class A common stock and warrants begin separate trading.
Stamp Taxes
If you purchase units offered in this prospectus, you may be
required to pay stamp taxes and other charges under the laws and practices of the country of purchase, in addition to the offering
price listed on the cover page of this prospectus.
Option to Purchase Additional Units
We have granted to the underwriters an option, exercisable
for 45 days from the date of this prospectus, to purchase, from time to time, in whole or in part, up to an aggregate of 3,000,000
units from us at the public offering price set forth on the cover page of this prospectus, less underwriting discounts and commissions.
If the underwriters exercise this option, each underwriter will be obligated, subject to specified conditions, to purchase a number
of additional units proportionate to that underwriter's initial purchase commitment as indicated in the table above. This
option may be exercised only if the underwriters sell more units than the total number set forth on the cover page of this prospectus.
Letter Agreement
We, our sponsor and our officers and directors have agreed
that, for a period of 180 days from the date of this prospectus, we and they will not, without the prior written consent of Raymond
James & Associates, Inc. and EarlyBirdCapital, Inc., offer, sell, contract to sell, grant any option to sell (including any
short sale), pledge, transfer, establish an open "put equivalent option" within the meaning of Rule 16a-l(h) under
the Exchange Act, as amended, or otherwise dispose of, directly or indirectly, any units, warrants, shares of common stock or
any other securities convertible into, or exercisable, or exchangeable for, shares of common stock currently or hereafter owned
either of record or beneficially, or publicly announce an intention to do any of the foregoing; provided, however, that we may
(1) issue and sell the private placement warrants, (2) issue and sell the additional units to cover our underwriters' over-allotment option
(if any), (3) register with the SEC pursuant to an agreement to be entered into concurrently with the issuance and sale of the
securities in this offering, the resale of the private placement warrants and shares of Class A common stock issuable upon exercise
of the warrants and the founder shares and (4) issue securities in connection with an initial business combination. Raymond James
 & Associates, Inc. and EarlyBirdCapital, Inc. in their sole discretion may release any of the securities subject to these
lock-up agreements at any time without notice.
128
Our initial stockholders have agreed not to transfer, assign
or sell any of their founder shares until the earlier to occur of (A) one year after the completion of our initial business combination
or (B) subsequent to our initial business combination, (x) if the reported closing price of our Class A common stock equals or
exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for
any 20 trading days within any 30-trading day period commencing at least 150 days after our initial business combination,
or (y) the date on which we complete a liquidation, merger, capital stock exchange, reorganization or other similar transaction
that results in all of our stockholders having the right to exchange their shares of common stock for cash, securities or other
property (except as described herein under the section of this prospectus entitled "Principal Stockholders —
Restrictions on Transfers of Founder Shares and Private Placement Warrants"). Any permitted transferees will be subject
to the same restrictions and other agreements of our initial stockholders with respect to any founder shares. We refer to such
transfer restrictions throughout this prospectus as the lock-up.
The private placement warrants (including the Class A common
stock issuable upon exercise of the private placement warrants) will not be transferable, assignable or salable until 30 days
after the completion of our initial business combination (except with respect to permitted transferees as described herein under
the section of this prospectus entitled "Principal Stockholders — Restrictions on Transfers of Founder Shares and
Private Placement Warrants").
Stabilization
The underwriters have advised us that they, pursuant to Regulation
M under the Exchange Act, as amended, and certain persons participating in the offering may engage in short sale transactions,
purchases to cover short positions, which may include purchases pursuant to the over-allotment option, stabilizing transactions,
syndicate covering transactions or the imposition of penalty bids in connection with this offering. These activities may have
the effect of stabilizing or maintaining the market price of the units at a level above that which might otherwise prevail in
the open market. Establishing short sales positions may involve either "covered" short sales or "naked"
short sales.
"Covered" short sales are sales made in an amount
not greater than the underwriters' option to purchase additional units in this offering. The underwriters may close out
any covered short position by either exercising their option to purchase additional units or purchasing units in the open market.
In determining the source of units to close out the covered short position, the underwriters will consider, among other things,
the price of units available for purchase in the open market as compared to the price at which they may purchase units through
the option to purchase additional units.
"Naked" short sales are sales in excess of the
option to purchase additional units. The underwriters must close out any naked short position by purchasing units in the open
market. A naked short position is more likely to be created if the underwriters are concerned that there may be downward pressure
on the price of our units in the open market after pricing that could adversely affect investors who purchase in this offering.
A stabilizing bid is a bid for the purchase of units on behalf
of the underwriters for the purpose of fixing or maintaining the price of the units. A syndicate covering transaction is the bid
for or the purchase of units on behalf of the underwriters to reduce a short position incurred by the underwriters in connection
with the offering. Similar to other purchase transactions, the underwriter's purchases to cover the syndicate short sales
may have the effect of raising or maintaining the market price of our units or preventing or retarding a decline in the market
price of our units. As a result, the price of our units may be higher than the price that might otherwise exist in the open market.
A penalty bid is an arrangement permitting the underwriters to reclaim the selling concession otherwise accruing to a syndicate
member in connection with the offering if the units originally sold by such syndicate member are purchased in a syndicate covering
transaction and therefore have not been effectively placed by such syndicate member.
Neither we nor any of the underwriters make any representation
or prediction as to the direction or magnitude of any effect that the transactions described above may have on the price of our
units. The underwriters are not obligated to engage in these activities and, if commenced, any of the activities may be discontinued
at any time.
129
The underwriters may also engage in passive market making transactions
in our units on Nasdaq in accordance with Rule 103 of Regulation M during a period before the commencement of offers or sales
of our units in this offering and extending through the completion of distribution. A passive market maker must display its bid
at a price not in excess of the highest independent bid of that security. However, if all independent bids are lowered below the
passive market maker's bid, that bid must then be lowered when specified purchase limits are exceeded.
Electronic Distribution
A prospectus in electronic format may be made available by
e-mail or on the web sites or through online services maintained by one or more of the underwriters or their affiliates.
In those cases, prospective investors may view offering terms online and may be allowed to place orders online. The underwriters
may agree with us to allocate a specific number of units for sale to online brokerage account holders. Any such allocation for
online distributions will be made by the underwriters on the same basis as other allocations. Other than the prospectus in electronic
format, the information on the underwriters' web sites and any information contained in any other web site maintained by
any of the underwriters is not part of this prospectus, has not been approved and/or endorsed by us or the underwriters and should
not be relied upon by investors.
Other Activities and Relationships
We are not under any contractual obligation to engage any of
the underwriters to provide any services for us after this offering, and have no present intent to do so. However, any of the
underwriters may introduce us to potential target businesses or assist us in raising additional capital in the future. If any
of the underwriters provide services to us after this offering, we may pay such underwriter fair and reasonable fees that would
be determined at that time in an arm's length negotiation; provided that no agreement will be entered into with any of the
underwriters and no fees for such services will be paid to any of the underwriters prior to the date that is 90 days from the
date of this prospectus, unless FINRA determines that such payment would not be deemed underwriters' compensation in connection
with this offering and we may pay the underwriters of this offering or any entity with which they are affiliated a finder's
fee or other compensation for services rendered to us in connection with the completion of a business combination.
The underwriters and certain of their affiliates are full service
financial institutions engaged in various activities, which may include securities trading, commercial and investment banking,
financial advisory, investment management, investment research, principal investment, hedging, financing and brokerage activities.
The underwriters and certain of their affiliates have, from time to time, performed, and may in the future perform, various commercial
and investment banking and financial advisory services for us and our affiliates, for which they received or will receive customary
fees and expenses.
In the ordinary course of their various business activities,
the underwriters and certain of their affiliates may make or hold a broad array of investments and actively trade debt and equity
securities (or related derivative securities) and financial instruments (including bank loans) for their own account and for the
accounts of their customers, and such investment and securities activities may involve securities and/or instruments issued by
us and our affiliates. The underwriters and certain of their respective affiliates may also communicate independent investment
recommendations, market color or trading ideas and/or publish or express independent research views in respect of such securities
or instruments and may at any time hold, or recommend to clients that they acquire, long and/or short positions in such securities
and instruments.
Selling Restrictions
Canada
Resale Restrictions
The distribution of the securities in Canada is being made
only in the provinces of Ontario, Quebec, Alberta and British Columbia on a private placement basis exempt from the requirement
that we prepare and file a prospectus with the securities regulatory authorities in each province where trades of these securities
are made. Any resale of the securities in Canada must be made under applicable securities laws, which may vary depending on the
relevant jurisdiction, and which may require resales to be made under available statutory exemptions or under a discretionary
exemption granted by the applicable Canadian securities regulatory authority. Purchasers are advised to seek legal advice prior
to any resale of the securities.
130
Representations of Canadian Purchasers
By purchasing the securities in Canada and accepting delivery
of a purchase confirmation, a purchaser is representing to us and the dealer from whom the purchase confirmation is received that:
•     the
purchaser is entitled under applicable provincial securities laws to purchase the securities without the benefit of a prospectus
qualified under those securities laws as it is an "accredited investor" as defined under National Instrument 45-106 —
Prospectus
Exemptions
;
•     the
purchaser is a "permitted client" as defined in National Instrument 31-103 —
Registration Requirements,
Exemptions and Ongoing Registrant Obligations
;
•     where
required by law, the purchaser is purchasing as principal and not as agent; and
•     the
purchaser has reviewed the text above under Resale Restrictions.
Statutory Rights of Action
Securities legislation in certain provinces or territories
of Canada may provide a purchaser with remedies for rescission or damages if the prospectus (including any amendment thereto)
such as this document contains a misrepresentation; provided that the remedies for rescission or damages are exercised by the
purchaser within the time limit prescribed by the securities legislation of the purchaser's province or territory. The purchaser
of these securities in Canada should refer to any applicable provisions of the securities legislation of the purchaser's
province or territory for particulars of these rights or consult with a legal advisor.
Enforcement of Legal Rights
All of our directors and officers, as well as the experts named
herein, may be located outside of Canada and, as a result, it may not be possible for Canadian purchasers to effect service of
process within Canada upon us or those persons. All or a substantial portion of our assets and the assets of those persons may
be located outside of Canada and, as a result, it may not be possible to satisfy a judgment against us or those persons in Canada
or to enforce a judgment obtained in Canadian courts against us or those persons outside of Canada.
Taxation and Eligibility for Investment
Canadian purchasers of the securities should consult their
own legal and tax advisors with respect to the tax consequences of an investment in the securities in their particular circumstances
and about the eligibility of the securities for investment by the purchaser under relevant Canadian legislation.
Australia
This prospectus is not a disclosure document for the purposes
of Australia's Corporations Act 2001 (Cth) of Australia, or Corporations Act, has not been lodged with the Australian Securities
 & Investments Commission and is only directed to the categories of exempt persons set out below. Accordingly, if you receive
this prospectus in Australia:
You confirm and warrant that you are either:
•     a
 "sophisticated investor" under section 708(8)(a) or (b) of the Corporations Act;
•     a
 "sophisticated investor" under section 708(8)(c) or (d) of the Corporations Act and that you have provided an accountant's
certificate to the Company which complies with the requirements of section 708(8)(c)(i) or (ii) of the Corporations Act and related
regulations before the offer has been made;
•     a
person associated with the Company under Section 708(12) of the Corporations Act; or
•     a
 "professional investor" within the meaning of section 708(11)(a) or (b) of the Corporations Act.
131
To the extent that you are unable to confirm or warrant that
you are an exempt sophisticated investor, associated person or professional investor under the Corporations Act any offer made
to you under this prospectus is void and incapable of acceptance.
You warrant and agree that you will not offer any of the securities
issued to you pursuant to this prospectus for resale in Australia within 12 months of those securities being issued unless
any such resale offer is exempt from the requirement to issue a disclosure document under section 708 of the Corporations Act.
European Economic Area
The units are not intended to be offered or sold to and should
not be offered or sold to any retail investor in the European Economic Area (the "EEA"). For these purposes, a retail
investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU,
as amended ("MiFID II"); or (ii) a customer within the meaning of Directive 2002/92/EC, as amended, where that
customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified
investor as defined in the Directive 2003/71/EC (as amended, the "Prospectus Directive"). No key information document
required by Regulation (EU) No 1286/2014, as amended (the "PRIIPs Regulation") for offering or selling the units or
otherwise making them available to retail investors in the EEA has been prepared. Offering or selling the units or otherwise making
them available to any retail investor in the EEA may be unlawful under the PRIIPS Regulation. This prospectus has been prepared
on the basis that any offer of the units in any member state of the EEA will be made pursuant to an exemption under the Prospectus
Directive from a requirement to publish a prospectus for offers of units. This prospectus is not a prospectus for the purpose
of the Prospectus Directive.
Hong Kong
No securities have been offered or sold, and no securities
may be offered or sold, in Hong Kong, by means of any document, other than to persons whose ordinary business is to buy or sell
shares or debentures, whether as principal or agent; or to "professional investors" as defined in the Securities and
Futures Ordinance (Cap. 571) of Hong Kong ("SFO") and any rules made under that ordinance; or in other circumstances
which do not result in the document being a "prospectus" as defined in the Companies Ordinance (Cap. 32) of Hong Kong
("CO") or which do not constitute an offer or invitation to the public for the purpose of the CO or the SFO. No document,
invitation or advertisement relating to the securities has been issued or may be issued or may be in the possession of any person
for the purpose of issue (in each case whether in Hong Kong or elsewhere), which is directed at, or the contents of which are
likely to be accessed or read by, the public of Hong Kong (except if permitted under the securities laws of Hong Kong) other than
with respect to securities which are or are intended to be disposed of only to persons outside Hong Kong or only to "professional
investors" as defined in the SFO and any rules made under that Ordinance.
This prospectus has not been registered with the Registrar
of Companies in Hong Kong. Accordingly, this prospectus may not be issued, circulated or distributed in Hong Kong, and the securities
may not be offered for subscription to members of the public in Hong Kong. Each person acquiring the securities will be required,
and is deemed by the acquisition of the securities, to confirm that he is aware of the restriction on offers of the securities
described in this prospectus and the relevant offering documents and that he is not acquiring, and has not been offered any securities
in circumstances that contravene any such restrictions.
Israel
This document does not constitute a prospectus under the Israeli
Securities Law, 5728-1968 (the "Israel Securities Law"), and has not been filed with or approved by the Israel
Securities Authority. In Israel, this prospectus is being distributed only to, and is directed only at, and any offer of the units
is directed only at, (i) a limited number of persons in accordance with the Israeli Securities Law and (ii) investors listed in
the first addendum (the "Addendum"), to the Israeli Securities Law, consisting primarily of joint investment in trust
funds, provident funds, insurance companies, banks, portfolio managers, investment advisors, members of the Tel Aviv Stock Exchange,
underwriters, venture capital funds, entities with equity in excess of NIS 50 million and "qualified individuals,"
each as defined in the Addendum (as it may be amended from time to time), collectively referred to as qualified investors (in
each case, purchasing for their own account or, where permitted under the Addendum, for the accounts of their clients who are
investors listed in the Addendum). Qualified investors are required to submit written confirmation that they fall within the scope
of the Addendum, are aware of the meaning of same and agree to it.
132
Japan
The offering has not been and will not be registered under
the Financial Instruments and Exchange Law of Japan (Law No. 25 of 1948 of Japan, as amended) ("FIEL"), and the underwriters
will not offer or sell any securities, directly or indirectly, in Japan or to, or for the benefit of, any resident of Japan (which
term as used herein means any person resident in Japan, including any corporation or other entity organized under the laws of
Japan), or to others for re-offering or resale, directly or indirectly, in Japan or to, or for the benefit of, any resident
of Japan, except pursuant to an exemption from the registration requirements of, and otherwise in compliance with, the FIEL and
any other applicable laws, regulations and ministerial guidelines of Japan.
Singapore
This prospectus has not been and will not be lodged or registered
as a prospectus with the Monetary Authority of Singapore. Accordingly, this prospectus and any other document or material in connection
with the offer or sale, or invitation for subscription or purchase, of the securities may not be circulated or distributed, nor
may the securities be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly
or indirectly, to persons in Singapore other than (i) to an institutional investor under Section 274 of the Securities and Futures
Act, Chapter 289 of Singapore (the "SFA"), (ii) to a relevant person pursuant to Section 275(1), or any person pursuant
to Section 275(1A), and in accordance with the conditions specified in Section 275, of the SFA, or (iii) otherwise pursuant to,
and in accordance with the conditions of, any other applicable provision of the SFA. Solely for the purposes of its obligations
pursuant to Sections 309B(1)(a) and 309B(1)(c) of the SFA, the Company has determined, and hereby notifies all relevant persons
(as defined in Section 309A of the SFA) that the units are "prescribed capital markets products" (as defined in the
Securities and Futures (Capital Markets Products) Regulations 2018) and "Excluded Investment Products" (as defined
in MAS Notice SFA 04-N12: Notice on the Sale of Investment Products and MAS Notice
FAA-N16: Notice on Recommendations on Investment Products).
Where the securities are subscribed or purchased under Section
275 of the SFA by a relevant person which is:
•       a
corporation (which is not an accredited investor (as defined in Section 4A of the SFA)) the sole business of which is to hold
investments and the entire share capital of which is owned by one or more individuals, each of whom is an accredited investor;
or
•      a
trust (where the trustee is not an accredited investor) whose sole purpose is to hold investments and each beneficiary of the
trust is an individual who is an accredited investor, securities (as defined in Section 239(1) of the SFA) of that corporation
or the beneficiaries' rights and interest (howsoever described) in that trust shall not be transferred within six months
after that corporation or that trust has acquired the securities pursuant to an offer made under Section 275 of the SFA except:
•     to
an institutional investor or to a relevant person defined in Section 275(2) of the SFA, or to any person arising from an offer
referred to in Section 275(1A) or Section 276(4)(i)(B) of the SFA;
•     where
no consideration is or will be given for the transfer;
•     where
the transfer is by operation of law;
•     as
specified in Section 276(7) of the SFA; or
•     as
specified in Regulation 32 of the Securities and Futures (Offers of Investments) (Shares and Debentures) Regulations 2005 of Singapore.
Switzerland
The securities may not be publicly offered in Switzerland and
will not be listed on the SIX Swiss Exchange ("SIX") or on any other stock exchange or regulated trading facility
in Switzerland. This prospectus has been prepared without regard to the disclosure standards for issuance prospectuses under art.
652a or art. 1156 of the Swiss Code of Obligations or the disclosure standards for listing prospectuses under art. 27 ff. of the
SIX Listing Rules or the listing rules of any other stock exchange or regulated trading facility in Switzerland. Neither this
prospectus nor any other offering or marketing material relating to the securities or the offering may be publicly distributed
or otherwise made publicly available in Switzerland.
133
Neither this prospectus nor any other offering or marketing
material relating to the offering, the Company or the securities have been or will be filed with or approved by any Swiss regulatory
authority. In particular, this prospectus will not be filed with, and the offer of securities will not be supervised by, the Swiss
Financial Market Supervisory Authority FINMA, and the offer of securities has not been and will not be authorized under the Swiss
Federal Act on Collective Investment Schemes ("CISA"). The investor protection afforded to acquirers of interests
in collective investment schemes under the CISA does not extend to acquirers of securities.
United Kingdom
This prospectus is only being distributed to, and is only directed
at, persons in the United Kingdom that are qualified investors within the meaning of Article 2(1)(e) of the Prospectus Directive
that are also (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Order") and/or (ii) high net worth entities falling within Article 49(2)(a)
to (d) of the Order and other persons to whom it may lawfully be communicated (each such person being referred to as a "relevant
person").
This prospectus and its contents are confidential and should
not be distributed, published or reproduced (in whole or in part) or disclosed by recipients to any other persons in the United
Kingdom. Any person in the United Kingdom that is not a relevant person should not act or rely on this document or any of its
contents.
134
LEGAL MATTERS
Ellenoff Grossman & Schole LLP, New York, New York, has
passed upon the validity of the securities offered hereby on behalf of us. Certain legal matters will be passed upon on behalf
of the underwriters by Greenberg Traurig, LLP, McLean, Virginia.
EXPERTS
The balance sheet of Recharge Acquisition Corp. as of July
22, 2020, and the related statements of operations, changes in stockholder's equity and cash flows for the period July 7,
2020 (inception) through July 22, 2020, have been audited by Marcum LLP, independent registered public accounting firm, as stated
in their report (which contains an explanatory paragraph relating to substantial doubt about the ability of Recharge Acquisition
Corp. to continue as a going concern, as described in Note 1 to the financial statements) which is incorporated herein. Such financial
statements have been incorporated herein in reliance on the report of such firm given upon their authority as experts in accounting
and auditing.
WHERE YOU CAN FIND
ADDITIONAL INFORMATION
We have filed with the SEC a registration statement on Form
S-1 under the Securities Act with respect to the securities we are offering by this prospectus. This prospectus does not
contain all of the information included in the registration statement. For further information about us and our securities, you
should refer to the registration statement and the exhibits and schedules filed with the registration statement. Whenever we make
reference in this prospectus to any of our contracts, agreements or other documents, the references are materially complete but
may not include a description of all aspects of such contracts, agreements or other documents, and you should refer to the exhibits
attached to the registration statement for copies of the actual contract, agreement or other document.
Upon completion of this offering, we will be subject to the
information requirements of the Exchange Act and will file annual, quarterly and current event reports, proxy statements and other
information with the SEC. You can read our SEC filings, including the registration statement, over the Internet at the SEC's
website at
www.sec.gov
.
135
RECHARGE ACQUISITION
CORP.
INDEX TO FINANCIAL STATEMENTS
PAGE
Report of Independent Registered
    Public Accounting Firm
F-2
Balance Sheet
F-3
Statement of Operations
F-4
Statement of Changes in Stockholder's
    Equity
F-5
Statement of Cash Flows
F-6
Notes to Financial Statements
F-7
F-
1
REPORT OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM
To the Stockholder and Board of Directors of
Recharge Acquisition Corp.
Opinion on the Financial Statements
We have audited the accompanying balance
sheet of Recharge Acquisition Corp. (the "Company") as of July 22, 2020, and the related statement of operations,
changes in stockholder's equity and cash flows for the period from July 7, 2020 (inception) through July 22, 2020, and the
related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present
fairly, in all material respects, the financial position of the Company as of July 22, 2020, and the results of its operations
and its cash flows for the period from July 7, 2020 (inception) through July 22, 2020 in conformity with accounting principles
generally accepted in the United States of America.
Explanatory Paragraph — Going Concern
The accompanying financial statements have
been prepared assuming that the Company will continue as a going concern. As more fully described in Note 1 to the financial statements,
the Company's ability to execute its business plan is dependent upon its completion of the proposed initial public offering
described in Note 3 to the financial statements. The Company has a working capital deficiency as of July 22, 2020 and lacks the
financial resources it needs to sustain operations for a reasonable period of time, which is considered to be one year from the
issuance date of the financial statements. These conditions raise substantial doubt about the Company's ability to continue
as a going concern. Management's plans with regard to these matters are also described in Notes 1 and 3. The financial statements
do not include any adjustments that might become necessary should the Company be unable to continue as a going concern.
Basis for Opinion
These financial statements are the responsibility
of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based
on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (the
 "PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities
laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit in accordance
with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required
to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are
required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion
on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.
Our audit included performing procedures
to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures
that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures
in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made
by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides
a reasonable basis for our opinion.
/s/ Marcum LLP
Marcum LLP
We have served as the Company's auditor since 2020.
New York, NY
August 4, 2020
F-
2
RECHARGE ACQUISITION
CORP.
BALANCE SHEET
JULY 22, 2020
ASSETS
Current
    asset – cash
$
25,500
Deferred
    offering costs
42,500
Total
    Assets
$
68,000
LIABILITIES
    AND STOCKHOLDER'S EQUITY
Current liabilities
Accrued offering
    costs
5,000
Promissory
    note – related party
38,878
Total
    Liabilities
43,878
Commitments
Stockholder's
    Equity
Preferred stock,
    $0.0001 par value; 1,000,000 shares authorized, none issued and outstanding
—
Class A common
    stock, $0.0001 par value; 100,000,000 shares authorized; none issued and outstanding
—
Class
    B common stock, $0.0001 par value; 10,000,000 shares authorized; 5,750,000 shares issued and outstanding
(1)
575
Additional
    paid-in capital
24,425
Accumulated
    deficit
(878
)
Total
    Stockholder's Equity
24,122
Total
    Liabilities and Stockholder's Equity
$
68,000
(1)
Includes up to 750,000 shares of Class B common stock subject
                                         to forfeiture if the over-allotment option is not exercised in full or in part by the
                                         underwriters (see Note 5).
The accompanying notes are an integral
part of the financial statements.
F-
3
RECHARGE ACQUISITION
CORP.
STATEMENT OF OPERATIONS
FOR THE PERIOD FROM JULY 7, 2020 (INCEPTION) THROUGH JULY 22, 2020
Formation
    costs
$
878
Net
    loss
$
(878
)
Weighted
    average shares outstanding, basic and diluted
(1)
5,000,000
Basic
    and diluted net loss per common share
$
(0.00
)
(1)
Excludes up to 750,000 Class B shares subject to forfeiture
                                         if the over-allotment option is not exercised in full or in part by the underwriter (see
                                         Note 5).
The accompanying notes are an integral
part of the financial statements.
F-
4
RECHARGE ACQUISITION
CORP.
STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY
FOR THE PERIOD FROM JULY 7, 2020 (INCEPTION) THROUGH JULY 22, 2020
Class
    B Common Stock
Additional
Paid-in
Accumulated
Stockholder's
Shares
Amount
Capital
Deficit
Equity
Balance – July 7,
    2020 (Inception)
—
$
—
$
—
$
—
$
—
Issuance
    of Class B common stock to Sponsor
(1)
5,750,000
575
24,425
—
25,000
Net
    loss
—
—
—
(878
)
(878
)
Balance
    – July 22, 2020
5,750,000
$
575
$
24,425
$
(878
)
$
24,122
(1)
Includes up to 750,000 Class B shares subject to forfeiture
                                         if the over-allotment option is not exercised in full or in part by the underwriter (see
                                         Note 5).
The accompanying notes are an integral
part of the financial statements.
F-
5
RECHARGE ACQUISITION
CORP.
STATEMENT OF CASH FLOWS
FOR THE PERIOD FROM JULY 7, 2020 (INCEPTION) THROUGH JULY 22, 2020
Cash flows from Operating Activities:
Net
    loss
$
(878
)
Net
    cash used in operating activities
—
Cash Flows
    from Financing Activities:
Proceeds from
    issuance of Class B common stock to Sponsor
25,000
Proceeds from
    promissory note – related party
38,878
Payment
    of offering costs
(37,500
)
Net
    cash provided by financing activities
26,378
Net Change
    in Cash
25,500
Cash
    – Beginning
—
Cash
    – Ending
$
25,500
Supplemental
    disclosure of non-cash investing and financing activities:
Offering
    costs included in accrued offering costs
$
5,000
The accompanying notes are an integral
part of the financial statements.
F-
6
RECHARGE ACQUISITION
CORP.
NOTES TO FINANCIAL STATEMENTS
NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS
Recharge
Acquisition Corp. (the "Company") is a blank check company incorporated in Delaware on July 7, 2020.
The Company
was formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization
or similar business combination with one or more businesses (a "Business Combination"). The Company is not limited
to a particular industry or geographic region for purposes of consummating a Business Combination.
The Company is an early stage and emerging
growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.
As of July 22, 2020, the Company
had not commenced any operations. All activity through July 22, 2020 relates to the Company's formation and the proposed
initial public offering ("Proposed Public Offering"), which is described below. The Company will not generate any
operating revenues until after the completion of a Business Combination, at the earliest. The Company will generate non-operating
income in the form of interest income from the proceeds derived from the Proposed Public Offering. The Company has selected December 31
as its fiscal year end.
The Company's ability to commence
operations is contingent upon obtaining adequate financial resources through a Proposed Public Offering of 20,000,000 units (the
 "Units" and, with respect to the shares of Class A common stock included in the Units being offered, the "Public
Shares") at $10.00 per Unit (or 23,000,000 Units if the underwriters' over-allotment option is exercised in full),
which is discussed in Note 3, and the sale of 5,750,000 warrants (or 6,350,000 warrants if the underwriters' over-allotment
option is exercised in full) (the "Private Placement Warrants"), at a price of $1.00 per Private Placement Warrant,
in a private placement to SKG Sponsor LLC (the "Sponsor"), that will close simultaneously with the Proposed Public
Offering.
The Company's management has broad
discretion with respect to the specific application of the net proceeds of the Proposed Public Offering and the sale of the Private
Placement Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a
Business Combination. There is no assurance that the Company will be able to complete a Business Combination successfully. The
Company must complete a Business Combination with one or more target businesses that together have an aggregate fair market value
of at least 80% of the value of the Trust Account (as defined below) (excluding the deferred underwriting commissions and taxes
payable on income earned on the Trust Account) at the time of the agreement to enter into an initial Business Combination. The
Company will only complete a Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding
voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required
to register as an investment company under the Investment Company Act of 1940, as amended (the "Investment Company Act").
Upon the closing of the Proposed Public Offering, management has agreed that an amount equal to at least $10.00 per Unit sold
in the Proposed Public Offering, including the proceeds from the sale of the Private Placement Warrants, will be held in a trust
account ("Trust Account"), located in the United States and invested only in U.S. government securities, within the
meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less or in any open-ended
investment company that holds itself out as a money market fund selected by the Company meeting the conditions of Rule 2a-7 of
the Investment Company Act, as determined by the Company, until the earlier of: (i) the completion of a Business Combination
and (ii) the distribution of the funds held in the Trust Account, as described below.
The Company will provide its holders of
the outstanding Public Shares (the "public stockholders") with the opportunity to redeem all or a portion of their
Public Shares upon the completion of a Business Combination either (i) in connection with a stockholder meeting called to
approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek stockholder
approval of a Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The public
stockholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then in the Trust Account (initially
anticipated to be $10.00 per Public Share, plus any pro rata interest earned on the funds held in the Trust Account and not previously
released to the Company to pay its tax obligations). There will be no redemption rights upon the completion of a Business Combination
with respect to the Company's warrants. The Public Shares subject to redemption will be recorded at redemption value and
classified as temporary equity upon the completion of the Proposed Offering in accordance with the Financial accounting Standards
Board's ("FASB") Accounting Standards Codification ("ASC") Topic 480 "Distinguishing Liabilities
from Equity."
F-
7
RECHARGE ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS
The Company will proceed with a Business
Combination only if the Company has net tangible assets of at least $5,000,001 either immediately prior to or upon such consummation
of a Business Combination and, if the Company seeks stockholder approval, a majority of the shares voted are voted in favor of
the Business Combination. If a stockholder vote is not required by law and the Company does not decide to hold a stockholder vote
for business or other reasons, the Company will, pursuant to its Amended and Restated Certificate of Incorporation (the "Amended
and Restated Certificate of Incorporation"), conduct the redemptions pursuant to the tender offer rules of the U.S. Securities
and Exchange Commission ("SEC") and file tender offer documents with the SEC prior to completing a Business Combination.
If, however, stockholder approval of the transaction is required by law, or the Company decides to obtain stockholder approval
for business or other reasons, the Company will offer to redeem shares in conjunction with a proxy solicitation pursuant to the
proxy rules and not pursuant to the tender offer rules. If the Company seeks stockholder approval in connection with a Business
Combination, the Sponsor has agreed to vote its Founder Shares (as defined in Note 5) and any Public Shares purchased during or
after the Proposed Public Offering in favor of approving a Business Combination. Additionally, each public stockholder may elect
to redeem their Public Shares irrespective of whether they vote for or against the proposed transaction or don't vote at
all.
Notwithstanding the above, if the Company
seeks stockholder approval of a Business Combination and it does not conduct redemptions pursuant to the tender offer rules, the
Amended and Restated Certificate of Incorporation provides that a public stockholder, together with any affiliate of such stockholder
or any other person with whom such stockholder is acting in concert or as a "group" (as defined under Section 13
of the Securities Exchange Act of 1934, as amended (the "Exchange Act")), will be restricted from redeeming its shares
with respect to more than an aggregate of 15% or more of the Public Shares, without the prior consent of the Company.
The Sponsor has agreed (a) to waive
its redemption rights with respect to its Founder Shares and Public Shares held by it in connection with the completion of a Business
Combination, and (b) not to propose an amendment to the Amended and Restated Certificate of Incorporation (i) to modify
the substance or timing of the Company's obligation to allow redemption in connection with the Company's initial Business
Combination or to redeem 100% of its Public Shares if the Company does not complete a Business Combination or (ii) with respect
to any other provision relating to stockholders' rights or pre-initial business combination activity, unless the Company
provides the public stockholders with the opportunity to redeem their Public Shares in conjunction with any such amendment. However,
if the Sponsor acquires Public Shares in or after the Proposed Public Offering, such Public Shares will be entitled to liquidating
distributions from the Trust Account if the Company fails to complete a Business Combination within the Combination Period.
The Company will have until 24 months
from the closing of the Proposed Public Offering to complete a Business Combination (the "Combination Period"). If
the Company is unable to complete a Business Combination within the Combination Period, the Company will: (i) cease all operations
except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than 10 business days thereafter,
redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account
including interest earned on the funds held in the Trust Account and not previously released to the Company to pay its tax obligations
(less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding Public Shares, which
redemption will completely extinguish public stockholders' rights as stockholders (including the right to receive further
liquidating distributions, if any), and (iii) as promptly as reasonably possible following such redemption, subject to the
approval of the Company's remaining stockholders and the Company's board of directors, dissolve and liquidate, subject
in each case to the Company's obligations under Delaware law to provide for claims of creditors and the requirements of
other applicable law. There will be no redemption rights or liquidating distributions with respect to the Company's warrants,
which will expire worthless if the Company fails to complete a Business Combination within the Combination Period.
The Sponsor has agreed to waive its liquidation
rights with respect to the Founder Shares if the Company fails to complete a Business Combination within the Combination Period.
However, if the Sponsor acquires Public Shares in or after the Proposed Public Offering, such Public Shares will be entitled to
liquidating distributions from the Trust Account if the Company fails to complete a Business Combination within the Combination
Period. The underwriters have agreed to waive their rights to their deferred underwriting commission (see Note 6) held in the
Trust Account in the event the Company does not complete a Business Combination within in the Combination Period and, in such
event, such amounts will be included with the other funds held in the Trust Account that will be available to fund the redemption
of the Public Shares. In the event of such distribution, it is possible that the per share value of the assets remaining available
for distribution will be less than the Proposed Public Offering price per Unit ($10.00).
F-
8
RECHARGE ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS
In order to protect the amounts held in
the Trust Account, the Sponsor has agreed to be liable to the Company if and to the extent any claims by a third party for services
rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into
a transaction agreement, reduce the amount of funds in the Trust Account to below the lesser of (1) $10.00 per Public Share and
(2) the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account,
if less than $10.00 per share due to reductions in the value of the trust assets, less taxes payable; provided that such liability
will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the
monies held in the Trust Account nor will it apply to any claims under the Company's indemnity of the underwriters of the
Proposed Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the
 "Securities Act"). Moreover, in the event that an executed waiver is deemed to be unenforceable against a third party,
the Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to reduce
the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all
vendors, service providers (except the Company's independent registered public accounting firm), prospective target businesses
or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest
or claim of any kind in or to monies held in the Trust Account.
Going Concern Consideration
At July 22, 2020, the Company had
cash of $25,500 and a working capital deficit of $18,378. The Company has incurred and expects to continue to incur significant
costs in pursuit of its financing and acquisition plans. These conditions raise substantial doubt about the Company's ability
to continue as a going concern within one year after the date that the financial statements are issued. Management plans to address
this uncertainty through a Proposed Public Offering as discussed in Note 3. There is no assurance that the Company's
plans to raise capital or to consummate a Business Combination will be successful within the Combination Period. The Sponsor has
agreed to loan the Company up to an aggregate amount of $300,000 to be used, in part, for transaction costs incurred in connection
with the Proposed Public Offering (the "Promissory Note").  The financial statements do not include any adjustments
that might result from the outcome of this uncertainty.
NOTE 2—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation
The accompanying financial statements
are presented in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP")
and pursuant to the rules and regulations of the SEC.
Emerging Growth Company
The Company is an "emerging growth
company," as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act
of 2012 (the "JOBS Act"), and it may take advantage of certain exemptions from various reporting requirements that
are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required
to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley
Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions
from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute
payments not previously approved.
Further, Section 102(b)(1) of the
JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until
private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have
a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards.
The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that
apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out
of such extended transition period which means that when a standard is issued or revised and it has different application dates
for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time
private companies adopt the new or revised standard. This may make comparison of the Company's financial statements with
another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using
the extended transition period difficult or impossible because of the potential differences in accounting standards used.
F-
9
RECHARGE ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS
Use of Estimates
The preparation of financial statements
in conformity with GAAP requires the Company's management to make estimates and assumptions that affect the reported amounts
of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the
reported amounts of expenses during the reporting period.
Making estimates requires management to
exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or
set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate,
could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ from those
estimates.
Cash and Cash Equivalents
The Company considers all short-term investments
with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents
as of July 22, 2020.
Deferred Offering Costs
Deferred offering costs consist of legal,
accounting and other costs incurred through the balance sheet date that are directly related to the Proposed Public Offering and
that will be charged to stockholder's equity upon the completion of the Proposed Public Offering. Should the Proposed Public
Offering prove to be unsuccessful, these deferred costs, as well as additional expenses to be incurred, will be charged to operations.
Income Taxes
The Company follows the asset and liability
method of accounting for income taxes under ASC 740, "Income Taxes." Deferred tax assets and liabilities are recognized
for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing
assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates
expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.
The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included
the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected
to be realized.
FASB ASC 740 prescribes a recognition
threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected
to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained
upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits
as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of July 22,
2020. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material
deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.
The provision for income taxes was deemed
to be de minimis for the period from July 7, 2020 (inception) through July 22, 2020.
Net Loss Per Common Share
Net loss per share is computed by dividing
net loss by the weighted average number of shares of common stock outstanding during the period. Weighted average shares were
reduced for the effect of an aggregate of 750,000 shares of common stock that are subject to forfeiture if the over-allotment
option is not exercised by the underwriters (see Note 5). At July 22, 2020, the Company did not have any dilutive securities
or other contracts that could, potentially, be exercised or converted into shares of common stock and then share in the earnings
of the Company. As a result, diluted loss per share is the same as basic loss per share for the period presented.
F-
10
RECHARGE ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS
Fair Value of Financial Instruments
The fair value of the Company's
assets and liabilities, which qualify as financial instruments under FASB ASC Topic 820, "Fair Value Measurement,"
approximates the carrying amounts represented in the accompanying balance sheets, primarily due to their short-term nature.
Recent Accounting Pronouncements
Management does not believe that any recently
issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company's
financial statements.
NOTE 3—PROPOSED PUBLIC OFFERING
Pursuant to the Proposed Public Offering,
the Company will offer for sale 20,000,000 Units (or 23,000,000 Units if the underwriters' over-allotment option is exercised
in full) at a purchase price of $10.00 per Unit. Each Unit will consist of one share of Class A common stock and one-half
of one redeemable warrant ("Public Warrant"). Each whole Public Warrant will entitle the holder to purchase one share
of Class A common stock at an exercise price of $11.50 per share (see Note 7).
NOTE 4—PRIVATE PLACEMENT
The Sponsor has agreed to purchase an
aggregate of 5,750,000 Private Placement Warrants (or 6,350,000 warrants if the underwriters' over-allotment option is exercised
in full) at a price of $1.00 per private Placement Warrant, for an aggregate purchase price of $5,750,000 (or $6,350,000 if the
underwriters' over-allotment option is exercised in full), in a private placement that will occur simultaneously with the
closing of the Proposed Public Offering. Each Private Placement Warrant is exercisable to purchase one share of Class A common
stock at a price of $11.50 per share. The proceeds from the Private Placement Warrants will be added to the proceeds from the
Proposed Public Offering to be held in the Trust Account. If the Company does not complete a Business Combination within the Combination
Period, the proceeds of the sale of the Private Placement Warrants will be used to fund the redemption of the Public Shares (subject
to the requirements of applicable law) and the Private Placement Warrants will expire worthless.
NOTE 5—RELATED PARTY TRANSACTIONS
Founder Shares
On July 22, 2020, the Sponsor purchased
5,750,000 shares of Class B common stock (the "Founder Shares") for an aggregate consideration of $25,000. The Founder
Shares include an aggregate of up to 750,000 shares of Class B common stock subject to forfeiture by the Sponsor to the extent
that the underwriters' over-allotment is not exercised in full or in part, so that the Sponsor will own, on an as-converted
basis, 20% of the Company's issued and outstanding shares after the Proposed Public Offering (assuming the Sponsor does
not purchase any Public Shares in the Proposed Public Offering).
The Sponsor has agreed that, subject to
certain limited exceptions, the Founder Shares will not be transferred, assigned, sold or released from escrow until the earlier
of (A) one year after the completion of a Business Combination or (B) subsequent to a Business Combination, (x) if
the last reported sale price of the Class A common stock equals or exceeds $12.00 per share (as adjusted for stock splits,
stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing
at least 150 days after a Business Combination, or (y) the date on which the Company completes a liquidation, merger, capital
stock exchange or other similar transaction that results in all of the stockholders having the right to exchange their common
stock for cash, securities or other property.
Administrative Services Agreement
The Company intends to enter into an agreement,
commencing on the effective date of the Proposed Public Offering through the earlier of the Company's consummation of a Business
Combination and its liquidation, to pay the Sponsor a total of up to $10,000 per month for office space, utilities and secretarial
and administrative support.
Promissory Notes—Related Party
On July 7, 2020, the Company issued
the Promissory Note to the Sponsor, pursuant to which the Company may borrow up to an aggregate principal amount of $300,000.
The Promissory Note is non-interest bearing and payable on the earlier of (i) March 31, 2021 or (i) the consummation
of the Proposed Public Offering. As of July 22, 2020, there was $38,878 outstanding under the Promissory Note.
F-
11
RECHARGE ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS
Related Party Loans
In order to finance transaction costs
in connection with a Business Combination, the initial stockholders or an affiliate of the initial stockholders or certain of
the Company's directors and officers may, but are not obligated to, loan the Company funds as may be required ("Working
Capital Loans"). If the Company completes a Business Combination, the Company would repay the Working Capital Loans out
of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans would be repaid only out of
funds held outside the Trust Account. In the event that a Business Combination does not close, the Company may use a portion of
proceeds held outside the Trust Account to repay the Working Capital Loans, but no proceeds held in the Trust Account would be
used to repay the Working Capital Loans. Except for the foregoing, the terms of such Working Capital Loans, if any, have not been
determined and no written agreements exist with respect to such loans. The Working Capital Loans would either be repaid upon consummation
of a Business Combination, without interest, or, at the lender's discretion, up to $1,500,000 of such Working Capital Loans
may be convertible into warrants of the post-Business Combination entity at a price of $1.00 per warrant. The warrants would be
identical to the Private Placement Warrants.
NOTE 6—COMMITMENTS
Registration Rights Agreement
The holders of the Founder Shares, Private
Placement Warrants and warrants that may be issued upon conversion of Working Capital Loans (and any Class A common stock
issuable upon the exercise of the Private Placement Warrants and warrants issued upon conversion of the Working Capital Loans)
will be entitled to registration rights requiring the Company to register a sale of any of its securities held by them pursuant
to a registration rights agreement to be signed prior to or on the effective date of the Proposed Public Offering. The holders
of these securities will be entitled to make up to three demands, excluding short form demands, that the Company register such
securities under the Securities Act. In addition, the holders will have certain "piggy-back" registration rights to
include their securities in other registration statements filed by the Company, subject to certain limitations. The Company will
bear the expenses incurred in connection with the filing of any such registration statements.
Underwriting Agreement
The Company will grant the underwriters
a 45-day option from the date of the Proposed Public Offering to purchase up to 3,000,000 additional Units to cover over-allotments,
if any, at the Proposed Public Offering price less the underwriting discounts and commissions.
The underwriters will be entitled to a
cash underwriting discount of $0.20 per Unit, or $4,000,000 in the aggregate (or $4,600,000 in the aggregate if the underwriters'
over-allotment option is exercised in full), payable upon the closing of the Proposed Public Offering. In addition, the underwriters
will be entitled to a deferred fee of $0.35 per Unit, or $7,000,000 in the aggregate (or $8,050,000 in the aggregate if the underwriters'
over-allotment option is exercised in full). The deferred fee will become payable to the underwriters from the amounts held in
the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting
agreement.
NOTE 7 — STOCKHOLDER'S EQUITY
Preferred Stock
—The
Company is authorized to issue 1,000,000 shares of preferred stock with a par value of $0.0001 per share with such designations,
voting and other rights and preferences as may be determined from time to time by the Company's board of directors. At July 22,
2020, there were no shares of preferred stock issued or outstanding.
Class A Common Stock
—The
Company is authorized to issue 100,000,000 shares of Class A common stock with a par value of $0.0001 per share. Holders
of Class A common stock are entitled to one vote for each share. At July 22, 2020, there were no shares of Class A
common stock issued or outstanding.
F-
12
RECHARGE ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS
Class B Common Stock
—The
Company is authorized to issue 10,000,000 shares of Class B common stock with a par value of $0.0001 per share. Holders of
Class B common stock are entitled to one vote for each share. At July 22, 2020, there were 5,750,000 shares of Class B
common stock issued and outstanding, of which an aggregate of up to 750,000 shares are subject to forfeiture to the extent that
the underwriters' over-allotment option is not exercised in full or in part, so that the Sponsor will collectively own 20%
of the Company's issued and outstanding common stock after the Proposed Public Offering (assuming the Sponsor does not purchase
any Public Shares in the Proposed Public Offering).
Holders of Class A common stock and
Class B common stock will vote together as a single class on all matters submitted to a vote of stockholders except as required
by law.
The shares of Class B common stock
will automatically convert into shares of Class A common stock at the time of a Business Combination on a one-for-one basis,
subject to adjustment pursuant. In the case that additional shares of Class A common stock or equity-linked securities are
issued or deemed issued in connection with a Business Combination, the number of shares of Class A common stock issuable upon
conversion of all Founder Shares will equal, in the aggregate, on an as-converted basis, 20% of the sum of the total number
of all shares of common stock outstanding upon the completion of the Proposed Public Offering, plus the total number of shares
of Class A common stock issued, or deemed issued or issuable upon conversion or exercise of any equity-linked securities
or rights issued or deemed issued, by the Company in connection with or in relation to the consummation of a Business Combination,
excluding any shares of Class A common stock or equity-linked securities exercisable for or convertible into shares of Class
A common stock issued, or to be issued, to any seller in a Business Combination and any private placement-equivalent warrants
issued to the Sponsor, officers or directors upon conversion of Working Capital Loans; provided that such conversion of founder
shares will never occur on a less than one for one basis.
Warrants
—Public Warrants
may only be exercised for a whole number of shares. No fractional shares will be issued upon exercise of the Public Warrants.
The Public Warrants will become exercisable on the later of (a) the completion of a Business Combination or (b) 12 months
from the closing of the Proposed Public Offering. The Public Warrants will expire five years after the completion of a Business
Combination or earlier upon redemption or liquidation.
The Company will not be obligated to deliver
any Class A common stock pursuant to the exercise of a warrant and will have no obligation to settle such warrant exercise
unless a registration statement under the Securities Act with respect to the Class A common stock underlying the warrants
is then effective and a prospectus relating thereto is current, subject to the Company satisfying its obligations with respect
to registration. No warrant will be exercisable and the Company will not be obligated to issue a share of Class A common
stock upon exercise of a warrant unless the share of Class A common stock issuable upon such warrant exercise has been registered,
qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the warrants.
The Company has agreed that as soon as
practicable, but in no event later than 15 business days after the closing of a Business Combination, the Company will use
its best efforts to file with the SEC and registration statement registering the issuance of the shares of Class A common stock
issuable upon exercise of the warrants, to cause such registration statement to become effective and to maintain a current prospectus
relating to those shares of Class A common stock until the warrants expire or are redeemed, as specified in the warrant agreement.
If a registration statement covering the shares of Class A common stock issuable upon exercise of the warrants is not effective
by the 60th business day after the closing of a Business Combination or within a specified period following the consummation of
a Business Combination, warrant holders may, until such time as there is an effective registration statement and during any period
when the Company shall have failed to maintain an effective registration statement, exercise warrants on a "cashless basis"
pursuant to the exemption provided by Section 3(a)(9) of the Securities Act; provided that such exemption is available. If that
exemption, or another exemption, is not available, holders will not be able to exercise their warrants on a cashless basis.
Once the warrants become exercisable,
the Company may redeem the Public Warrants:
•
in whole and not in part;
•
at a price of $0.01 per warrant;
•
upon not less than 30 days' prior written
                                         notice of redemption to each warrant holder; and
•
if, and only if, the reported closing price of the Class A
                                         common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock
                                         dividends, reorganizations, recapitalizations and the like) for any 20 trading days within
                                         a 30-trading day period ending three business days before the Company sends the notice
                                         of redemption to the warrant holders.
F-
13
RECHARGE ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS
If and when the warrants become redeemable
by the Company, the Company may not exercise its redemption right if the issuance of shares of common stock upon exercise of the
warrants is not exempt from registration or qualification under applicable state blue sky laws or if the Company is unable to
effect such registration or qualification.
If the Company calls the Public Warrants
for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on a
 "cashless basis," as described in the warrant agreement. The exercise price and number of shares of Class A common
stock issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a stock dividend,
or recapitalization, reorganization, merger or consolidation. However, the warrants will not be adjusted for issuance of Class A
common stock at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the
warrants. If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates
the funds held in the Trust Account, holders of warrants will not receive any of such funds with respect to their warrants, nor
will they receive any distribution from the Company's assets held outside of the Trust Account with the respect to such
warrants. Accordingly, the warrants may expire worthless.
In addition, if (x) the Company issues
additional shares of Class A common stock or equity-linked securities for capital raising purposes in connection with the
closing of a Business Combination at an issue price or effective issue price of less than $9.20 per Class A common (with
such issue price or effective issue price to be determined in good faith by the Company's board of directors and, in the
case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor
or such affiliates, as applicable, prior to such issuance) (the "Newly Issued Price"), (y) the aggregate gross
proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding
of a Business Combination on the date of the consummation of a Business Combination (net of redemptions), and (z) the volume
weighted average trading price of the Company's Class A common stock during the 20 trading day period starting on the
trading day prior to the day on which the Company consummates a Business Combination (such price, the "Market Value")
is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the
higher of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger price will be adjusted (to
the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price.
The Private Placement Warrants will be
identical to the Public Warrants underlying the Units being sold in the Proposed Public Offering, except that the Private Placement
Warrants and the Class A common stock issuable upon the exercise of the Private Placement Warrants will not be transferable,
assignable or salable until after the completion of a Business Combination, subject to certain limited exceptions. Additionally,
the Private Placement Warrants will be exercisable on a cashless basis and be non-redeemable so long as they are held by the initial
purchasers or their permitted transferees. If the Private Placement Warrants are held by someone other than the initial purchasers
or their permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by such holders
on the same basis as the Public Warrants.
NOTE 8—SUBSEQUENT EVENTS
The Company evaluated subsequent events
and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based upon
this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial
statements.
F-
14
20,000,000
Units
Recharge
Acquisition Corp.
PRELIMINARY
PROSPECTUS
Joint Book-Running Managers
Raymond
    James
EarlyBirdCapital
,
2020
Until
,
2020, all dealers that buy, sell or trade our common stock, whether or not participating in this offering, may be required to
deliver a prospectus. This is in addition to the dealers' obligation to deliver a prospectus when acting as underwriters
and with respect to their unsold allotments or subscriptions.
We have not, and the underwriter has not, authorized anyone
to provide you with any information or to make any representatives other than contained in this prospectus. We and the underwriter
take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may provide
you. We are not, and the underwriter is not, making an offer to sell securities in any jurisdiction where the offer or sale is
not permitted. You should not assume that the information contained in this prospectus is accurate as of any date other than the
date on the front of this prospectus.
No dealer, salesperson or any other person is authorized to
give any information or make any representations in connection with this offering other than those contained in this prospectus
and, if given or made, the information or representations must not be relied upon as having been authorized by us. This prospectus
does not constitute an offer to sell or a solicitation of an offer to buy any security other than the securities offered by this
prospectus, or an offer to sell or a solicitation of an offer to buy any securities by anyone in any jurisdiction in which the
offer or solicitation is not authorized or is unlawful.
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 13. Other Expenses of Issuance and Distribution.
The estimated expenses payable by us in connection with the
offering described in this registration statement (other than the underwriting discount and commissions) will be as follows:
SEC/FINRA
    expenses
$
64,854
Accounting
    fees and expenses
32,500
Printing and
    engraving expenses
35,000
Travel and
    road show expenses
25,000
Directors
    & officers liability insurance premiums
(1)
125,000
Legal fees
    and expenses
250,000
Nasdaq listing
    and filing fees
5,000
Miscellaneous
212,646
Total
$
750,000
(1)
This amount represents the approximate amount of annual director and officer liability insurance premiums the registrant
    anticipates paying following the completion of its initial public offering and until it completes an initial business combination.
Item 14. Indemnification of Directors and officers.
Our amended and restated certificate of incorporation will
provide that all of our directors, officers, employees and agents shall be entitled to be indemnified by us to the fullest extent
permitted by Section 145 of the DGCL. Section 145 of the Delaware General Corporation Law concerning indemnification of officers,
directors, employees and agents is set forth below.
Section 145. Indemnification of officers, directors, employees
and agents; insurance.
(a)
A corporation shall have power to indemnify any person who was or is a party or is threatened to be made a party to any
    threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other
    than an action by or in the right of the corporation) by reason of the fact that the person is or was a director, officer,
    employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee
    or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys'
    fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with such
    action, suit or proceeding if the person acted in good faith and in a manner the person reasonably believed to be in or not
    opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable
    cause to believe the person's conduct was unlawful. The termination of any action, suit or proceeding by judgment, order,
    settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that
    the person did not act in good faith and in a manner which the person reasonably believed to be in or not opposed to the best
    interests of the corporation, and, with respect to any criminal action or proceeding, had reasonable cause to believe that
    the person's conduct was unlawful.
(b)
A corporation shall have power to indemnify any person who was or is a party or is threatened to be made a party to any
    threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by
    reason of the fact that the person is or was a director, officer, employee or agent of the corporation, or is or was serving
    at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture,
    trust or other enterprise against expenses (including attorneys' fees) actually and reasonably incurred by the person
    in connection with the defense or settlement of such action or suit if the person acted in good faith and in a manner the
    person reasonably believed to be in or not opposed to the best interests of the corporation and except that no indemnification
    shall be made in respect of any claim, issue or matter as to which such person shall have been adjudged to be liable
    to the corporation unless and only to the extent that the Court of Chancery or the court in which such action or suit
    was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances
    of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery
    or such other court shall deem proper.
II-
1
(c)
To the extent that a present or former director or officer of a corporation has been successful on the merits or otherwise
    in defense of any action, suit or proceeding referred to in subsections (a) and (b) of this section, or in defense of any
    claim, issue or matter therein, such person shall be indemnified against expenses (including attorneys' fees) actually
    and reasonably incurred by such person in connection therewith.
(d)
Any indemnification under subsections (a) and (b)
                                         of this section (unless ordered by a court) shall be made by the corporation only as
                                         authorized in the specific case upon a determination that indemnification of the present
                                         or former director, officer, employee or agent is proper in the circumstances because
                                         the person has met the applicable standard of conduct set forth in subsections (a) and
                                         (b) of this section. Such determination shall be made, with respect to a person who is
                                         a director or officer at the time of such determination, (1) by a majority vote of the
                                         directors who are not parties to such action, suit or proceeding, even though less than
                                         a quorum, or (2) by a committee of such directors designated by majority vote of such
                                         directors, even though less than a quorum, or (3) if there are no such directors, or
                                         if such directors so direct, by independent legal counsel in a written opinion, or (4)
                                         by the stockholders.
(e)
Expenses (including attorneys' fees) incurred
                                         by an officer or director in defending any civil, criminal, administrative or investigative
                                         action, suit or proceeding may be paid by the corporation in advance of the final disposition
                                         of such action, suit or proceeding upon receipt of an undertaking by or on behalf of
                                         such director or officer to repay such amount if it shall ultimately be determined that
                                         such person is not entitled to be indemnified by the corporation as authorized in this
                                         section. Such expenses (including attorneys' fees) incurred by former officers
                                         and directors or other employees and agents may be so paid upon such terms and conditions,
                                         if any, as the corporation deems appropriate.
(f)
The indemnification and advancement of expenses
                                         provided by, or granted pursuant to, the other subsections of this section shall not
                                         be deemed exclusive of any other rights to which those seeking indemnification or advancement
                                         of expenses may be entitled under any bylaw, agreement, vote of stockholders or disinterested
                                         directors or otherwise, both as to action in such person's official capacity and
                                         as to action in another capacity while holding such office. A right to indemnification
                                         or to advancement of expenses arising under a provision of the certificate of incorporation
                                         or a bylaw shall not be eliminated or impaired by an amendment to such provision after
                                         the occurrence of the act or omission that is the subject of the civil, criminal, administrative
                                         or investigative action, suit or proceeding for which indemnification or advancement
                                         of expenses is sought, unless the provision in effect at the time of such act or omission
                                         explicitly authorizes such elimination or impairment after such action or omission has
                                         occurred.
(g)
A corporation shall have power to purchase and maintain
                                         insurance on behalf of any person who is or was a director, officer, employee or agent
                                         of the corporation, or is or was serving at the request of the corporation as a director,
                                         officer, employee or agent of another corporation, partnership, joint venture, trust
                                         or other enterprise against any liability asserted against such person and incurred by
                                         such person in any such capacity, or arising out of such person's status as such,
                                         whether or not the corporation would have the power to indemnify such person against
                                         such liability under this section.
(h)
For purposes of this section, references to "the
                                         corporation" shall include, in addition to the resulting corporation, any constituent
                                         corporation (including any constituent of a constituent) absorbed in a consolidation
                                         or merger which, if its separate existence had continued, would have had power and authority
                                         to indemnify its directors, officers, and employees or agents, so that any person who
                                         is or was a director, officer, employee or agent of such constituent corporation, or
                                         is or was serving at the request of such constituent corporation as a director, officer,
                                         employee or agent of another corporation, partnership, joint venture, trust or other
                                         enterprise, shall stand in the same position under this section with respect to the resulting
                                         or surviving corporation as such person would have with respect to such constituent corporation
                                         if its separate existence had continued.
II-
2
(i)
For purposes
                                         of this section, references to "other enterprises" shall include employee
                                         benefit plans; references to "fines" shall include any excise taxes assessed
                                         on a person with respect to any employee benefit plan; and references to "serving
                                         at the request of the corporation" shall include any service as a director, officer,
                                         employee or agent of the corporation which imposes duties on, or involves services by,
                                         such director, officer, employee or agent with respect to an employee benefit plan, its
                                         participants or beneficiaries; and a person who acted in good faith and in a manner such
                                         person reasonably believed to be in the interest of the participants and beneficiaries
                                         of an employee benefit plan shall be deemed to have acted in a manner "not opposed
                                         to the best interests of the corporation" as referred to in this section.
(j)
The indemnification and advancement of expenses
                                         provided by, or granted pursuant to, this section shall, unless otherwise provided when
                                         authorized or ratified, continue as to a person who has ceased to be a director, officer,
                                         employee or agent and shall inure to the benefit of the heirs, executors and administrators
                                         of such a person.
(k)
The Court of Chancery is hereby vested with exclusive
                                         jurisdiction to hear and determine all actions for advancement of expenses or indemnification
                                         brought under this section or under any by law, agreement, vote of stockholders or disinterested
                                         directors, or otherwise. The Court of Chancery may summarily determine a corporation's
                                         obligation to advance expenses (including attorneys' fees).
Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to our directors, officers, and controlling persons pursuant to the foregoing provisions, or otherwise,
we have been advised that, in the opinion of the SEC, such indemnification is against public policy as expressed in the Securities
Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment
of expenses incurred or paid by a director, officer or controlling person in a successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being registered, we will, unless
in the opinion of its counsel the matter has been settled by controlling precedent, submit to the court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed
by the final adjudication of such issue.
In accordance with Section 102(b)(7) of the DGCL, our amended
and restated certificate of incorporation, provides that no director shall be personally liable to us or any of our stockholders
for monetary damages resulting from breaches of their fiduciary duty as directors, except to the extent such limitation on or
exemption from liability is not permitted under the DGCL. The effect of this provision of our amended and restated certificate
of incorporation is to eliminate our rights and those of our stockholders (through stockholders' derivative suits on our
behalf) to recover monetary damages against a director for breach of the fiduciary duty of care as a director, including breaches
resulting from negligent or grossly negligent behavior, except, as restricted by Section 102(b)(7) of the DGCL. However, this
provision does not limit or eliminate our rights or the rights of any stockholder to seek non-monetary relief, such as an
injunction or rescission, in the event of a breach of a director's duty of care.
If the DGCL is amended to authorize corporate action further
eliminating or limiting the liability of directors, then, in accordance with our amended and restated certificate of incorporation,
the liability of our directors to us or our stockholders will be eliminated or limited to the fullest extent authorized by the
DGCL, as so amended. Any repeal or amendment of provisions of our amended and restated certificate of incorporation limiting or
eliminating the liability of directors, whether by our stockholders or by changes in law, or the adoption of any other provisions
inconsistent therewith, will (unless otherwise required by law) be prospective only, except to the extent such amendment or change
in law permits us to further limit or eliminate the liability of directors on a retroactive basis.
Our amended and restated certificate of incorporation also
will provide that we will, to the fullest extent authorized or permitted by applicable law, indemnify our current and former officers
and directors, as well as those persons who, while directors or officers of our corporation, are or were serving as directors,
officers, employees or agents of another entity, trust or other enterprise, including service with respect to an employee benefit
plan, in connection with any threatened, pending or completed proceeding, whether civil, criminal, administrative or investigative,
against all expense, liability and loss (including, without limitation, attorneys' fees, judgments, fines, ERISA excise
taxes and penalties and amounts paid in settlement) reasonably incurred or suffered by any such person in connection with any
such proceeding.
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3
Notwithstanding the foregoing, a person eligible for indemnification
pursuant to our amended and restated certificate of incorporation indemnifies us in connection with a proceeding initiated by
such person only if such proceeding was authorized by our board of directors, except for proceedings to enforce rights to indemnification.
The right to indemnification which will be conferred by our
amended and restated certificate of incorporation is a contract right that includes the right to be paid by us the expenses incurred
in defending or otherwise participating in any proceeding referenced above in advance of its final disposition, provided, however,
that if the DGCL requires, an advancement of expenses incurred by our officer or director (solely in the capacity as an officer
or director of our corporation) will be made only upon delivery to us of an undertaking, by or on behalf of such officer or director,
to repay all amounts so advanced if it is ultimately determined that such person is not entitled to be indemnified for such expenses
under our amended and restated certificate of incorporation or otherwise.
The rights to indemnification and advancement of expenses will
not be deemed exclusive of any other rights which any person covered by our amended and restated certificate of incorporation
may have or hereafter acquire under law, our amended and restated certificate of incorporation, our bylaws, an agreement, vote
of stockholders or disinterested directors, or otherwise.
Any repeal or amendment of provisions of our amended and restated
certificate of incorporation affecting indemnification rights, whether by our stockholders or by changes in law, or the adoption
of any other provisions inconsistent therewith, will (unless otherwise required by law) be prospective only, except to the extent
such amendment or change in law permits us to provide broader indemnification rights on a retroactive basis, and will not in any
way diminish or adversely affect any right or protection existing at the time of such repeal or amendment or adoption of such
inconsistent provision with respect to any act or omission occurring prior to such repeal or amendment or adoption of such inconsistent
provision. Our amended and restated certificate of incorporation permits us, to the extent and in the manner authorized or permitted
by law, to indemnify and to advance expenses to persons other that those specifically covered by our amended and restated certificate
of incorporation.
Our bylaws, which we intend to adopt immediately prior to the
closing of this offering, include the provisions relating to advancement of expenses and indemnification rights consistent with
those which will be set forth in our amended and restated certificate of incorporation. In addition, our bylaws provide for a
right of indemnity to bring a suit in the event a claim for indemnification or advancement of expenses is not paid in full by
us within a specified period of time. Our bylaws also permit us to purchase and maintain insurance, at our expense, to protect
us and/or any director, officer, employee or agent of our corporation or another entity, trust or other enterprise against any
expense, liability or loss, whether or not we would have the power to indemnify such person against such expense, liability or
loss under the DGCL.
Any repeal or amendment of provisions of our bylaws affecting
indemnification rights, whether by our board of directors, stockholders or by changes in applicable law, or the adoption of any
other provisions inconsistent therewith, will (unless otherwise required by law) be prospective only, except to the extent such
amendment or change in law permits us to provide broader indemnification rights on a retroactive basis, and will not in any way
diminish or adversely affect any right or protection existing thereunder with respect to any act or omission occurring prior to
such repeal or amendment or adoption of such inconsistent provision.
We will enter into indemnification agreements with each of
our officers and directors, a form of which is to be filed as an exhibit to this Registration Statement. These agreements will
require us to indemnify these individuals to the fullest extent permitted under Delaware law against liabilities that may arise
by reason of their service to us, and to advance expenses incurred as a result of any proceeding against them as to which they
could be indemnified.
Pursuant to the Underwriting Agreement to be filed as Exhibit
1.1 to this Registration Statement, we have agreed to indemnify the underwriters and the underwriters have agreed to indemnify
us against certain civil liabilities that may be incurred in connection with this offering, including certain liabilities under
the Securities Act.
Item 15. Recent Sales of Unregistered Securities.
In July 2020, our sponsor purchased 5,750,000 founder shares
(up to an aggregate of 750,000 shares of which are subject to forfeiture depending on the extent to which the underwriters'
over-allotment option is exercised. The number of founder shares issued was determined based on the expectation that the
founder shares would represent 20% of the outstanding shares of common stock upon completion of this offering. Such securities
were issued in connection with our organization pursuant to the exemption from registration contained in Section 4(a)(2) of the
Securities Act. Our sponsor is an accredited investor for purposes of Rule 501 of Regulation D.
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In addition, our sponsor has committed, pursuant to a written
agreement, to purchase from us an aggregate of 5,750,000 warrants (or 6,350,000 warrants if the over-allotment option is
exercised in full) at a price of $1.00 per warrant ($5,750,000 in the aggregate, or $6,350,000 if the over-allotment option
is exercised in full). This purchase will take place on a private placement basis simultaneously with the completion of our initial
public offering. This issuance will be made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities
Act.
Item 16. Exhibits and Financial Statement Schedules.
(a)
Exhibits.
The
                                         list of exhibits preceding the signature page of this registration statement is incorporated
                                         herein by reference.
(b)
Financial
                                         Statements.
See page F-1 for an index to the financial
                                         statements and schedules included in the registration statement.
Item 17. Undertakings.
(a)
The undersigned
                                         registrant hereby undertakes to provide to the underwriters at the closing specified
                                         in the underwriting agreements, certificates in such denominations and registered in
                                         such names as required by the underwriters to permit prompt delivery to each purchaser.
(b)
Insofar as indemnification for liabilities arising
                                         under the Securities Act of 1933 may be permitted to directors, officers and controlling
                                         persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant
                                         has been advised that in the opinion of the Securities and Exchange Commission such indemnification
                                         is against public policy as expressed in the Act and is, therefore, unenforceable. In
                                         the event that a claim for indemnification against such liabilities (other than the payment
                                         by the registrant of expenses incurred or paid by a director, officer or controlling
                                         person of the registrant in the successful defense of any action, suit or proceeding)
                                         is asserted by such director, officer or controlling person in connection with the securities
                                         being registered, the registrant will, unless in the opinion of its counsel the matter
                                         has been settled by controlling precedent, submit to a court of appropriate jurisdiction
                                         the question whether such indemnification by it is against public policy as expressed
                                         in the Act and will be governed by the final adjudication of such issue.
(c)
The undersigned registrant hereby undertakes that:
(1)
For purposes
                                         of determining any liability under the Securities Act of 1933, the information omitted
                                         from the form of prospectus filed as part of this registration statement in reliance
                                         upon Rule 430A and contained in a form of prospectus filed by the registrant pursuant
                                         to Rule 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part
                                         of this registration statement as of the time it was declared effective.
(2)
For the purpose
                                         of determining any liability under the Securities Act of 1933, each post-effective amendment
                                         that contains a form of prospectus shall be deemed to be a new registration statement
                                         relating to the securities offered therein, and the offering of such securities at that
                                         time shall be deemed to be the initial bona fide offering thereof.
(3)
For the purpose
                                         of determining liability under the Securities Act of 1933 of any purchaser, if the registrant
                                         is subject to Rule 430C, each prospectus filed pursuant to Rule 424(b) as part of a registration
                                         statement relating to an offering, other than registration statements relying on Rule
                                         430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be
                                         part of and included in the registration statement as of the date it is first used after
                                         effectiveness. Provided, however, that no statement made in a registration statement
                                         or prospectus that is part of the registration statement or made in a document incorporated
                                         or deemed incorporated by reference into the registration statement or prospectus that
                                         is part of the registration statement will, as to a purchaser with a time of contract
                                         of sale prior to such first use, supersede or modify any statement that was made in the
                                         registration statement or prospectus that was part of the registration statement or made
                                         in any such document immediately prior to such date of first use.
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(4)
For the purpose
                                         of determining liability of a registrant under the Securities Act of 1933 to any purchaser
                                         in the initial distribution of the securities, the undersigned registrant undertakes
                                         that in a primary offering of securities of an undersigned registrant pursuant to this
                                         registration statement, regardless of the underwriting method used to sell the securities
                                         to the purchaser, if the securities are offered or sold to such purchaser by means of
                                         any of the following communications, the undersigned registrant will be a seller to the
                                         purchaser and will be considered to offer or sell such securities to such purchaser:
(i)
any preliminary
                                         prospectus or prospectus of the undersigned registrant relating to the offering required
                                         to be filed pursuant to Rule 424;
(ii)
any free writing prospectus relating to the offering
                                         prepared by or on behalf of the undersigned registrant or used or referred to by an undersigned
                                         registrant;
(iii)
the portion of any other free writing prospectus
                                         relating to the offering containing material information about the undersigned registrant
                                         or its securities provided by or on behalf of the undersigned registrant; and
(iv)
any other communication that is an offer in the
                                         offering made by the undersigned registrant to the purchaser.
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EXHIBIT
INDEX
Exhibit
Description
1.1
Form of Underwriting Agreement**
3.1
Certificate
    of Incorporation*
3.2
Form of Amended and Restated Certificate
    of Incorporation**
3.3
By
    Laws*
4.1
Specimen Unit Certificate**
4.2
Specimen Class A Common Stock Certificate**
4.3
Specimen Warrant Certificate**
4.4
Form of Warrant Agreement between Continental
    Stock Transfer & Trust Company and the Registrant**
5.1
Opinion of Ellenoff Grossman & Schole
    LLP**
10.1
Form of Letter Agreement among the Registrant
    and our officers directors and sponsor**
10.2
Promissory
    Note, dated July 7, 2020, issued to the sponsor*
10.4
Form of Investment Management Trust Agreement
    between Continental Stock Transfer & Trust Company and the Registrant**
10.5
Form of Registration Rights Agreement between
    the Registrant and certain security holders**
10.6
Securities
    Subscription Agreement, dated July 7, 2020, between the Registrant and the sponsor*
10.7
Form of Private Placement Warrants Purchase
    Agreement between the Registrant and the sponsor**
10.8
Form of Indemnity Agreement**
10.9
Form of Administrative Service Agreement between the Registrant and the sponsor**
14
Form of Code of Ethics**
23.1
Consent of Marcum LLP*
23.2
Consent of Ellenoff Grossman & Schole
    LLP (included in Exhibit 5.1)**
24
Power of Attorney (included
    in signature page)*
99.1
Form of Audit Committee Charter**
99.2
Form of Compensation Committee Charter**
99.3
Consent of Mitchell Steenrod **
99.4
Consent of Donald Graber**
99.5
Consent of John Bachman**
*
filed herewith
**
to be filed
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933,
as amended, the registrant has duly caused this amended Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Sarasota, State of Florida, on the 8
th
day of September, 2020.
Recharge Acquisition Corp.
By:
/s/ Anthony Kenney
Anthony Kenney
Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933,
as amended, this amended Registration Statement has been signed below by the following persons in the capacities and on the dates
indicated.
Name
Position
Date
/s/ Rajesh Soin
Chairman
September 8, 2020
Rajesh Soin
/s/ Anthony Kenney
Chief Executive Officer
September 8, 2020
Anthony Kenney
(principal executive officer)
/s/ Michael Gearhardt
Chief Financial Officer
September 8, 2020
Michael Gearhardt
(principal financial and accounting officer)
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