The Company is a special purpose acquisition company formed to identify and complete an initial business combination with one or more target businesses, with a primary focus on the transitional energy sector, though it is not limited to this or any particular industry. The Company raised approximately $69 million in trust account funds through its initial public offering and private placement units, with additional capital available outside the trust account for working capital and operating expenses. The Company intends to use these funds to acquire and merge with an operating business and must complete its initial business combination within 18 months of its IPO, with the ability to extend this deadline through sponsor-funded deposits to the trust account; if no business combination is completed within the required timeframe, the Company will liquidate and return funds to public shareholders.