The company is a blank check acquisition vehicle, or special purpose acquisition company (SPAC), formed to identify and execute a business combination with one or more operating businesses. It has raised capital through a public offering and private placement, with funds held in trust pending completion of an acquisition; the company has no operating business of its own and generates no revenues. The company focuses its search on Asian target businesses (excluding certain Chinese entities) meeting minimum fair market value requirements, conducting due diligence on potential candidates sourced through professional networks and advisors, with the intention of maintaining operational control and allowing public shareholders to redeem their shares upon combination completion.