James McCann, the chairman of 1-800-Flowers.com (NASDAQ: FLWS), is our chairman and CEO. We intend to focus our search primarily within the consumer-facing e-commerce sector. We will seek to acquire companies with a predictable and stable business with an enterprise value above $750 million. We believe COVID-19 has proven to be a catalyst for growth in our potential target universe, pulling forward digital consumer trends and adoption across several consumer categories. (We are a new blank-check company incorporated in Delaware.)

Mr. McCann founded 1-800-Flowers.com in 1976. He served as the company’s CEO until 2016. As the founder, CEO and chairman of 1-800-Flowers.com, Mr. McCann built a family business into a leading e-commerce business with approximately $1.5 billion in annual sales (for fiscal year ended June 28, 2020). Russell Glass, our vice chairman, is the founder of RDG Capital and affiliates (2005 – present) with experience in investment banking, private equity and public securities investment. He previously was the president of Icahn Associates Corp. (1998 – 2002), a multibillion-dollar investment holding company.

(Note: Clarim Acquisition Corp. priced its IPO on Jan. 28, 2021, according to its prospectus terms: 25 million units at $10 each.)