We intend to focus our efforts on identifying high-growth technology and tech-enabled businesses in sectors such as e-commerce, software-as-a-service, consumer technology and digital media. We expect to focus our search among late-stage VC-backed companies across the high-growth technology sector that we call diamonds in the rough. These companies are largely U.S.-based and between $750 million and $1.5 billion in enterprise value.

We believe that we are one of the most diverse special purpose acquisition companies (SPAC) targeting the technology industry and that our focus on diversity creates advantages in sourcing and pursuit of a business combination. The gender and cultural diversity in our team enables us to create inbound interest from founders and boards who value diversity or need assistance to improve the diversity of their teams.

Jennifer Deason, our chairman and CEO,  is a veteran executive with particular emphasis on digital transformations and technology’s impact on both start-ups and legacy businesses. Most recently she was CFO and Chief Business Officer at the dtx company, where she canvased the DTC landscape, made venture investments and worked with the team to build out the Flowcode technology platform. She previously worked at The Weather Company (CFO), and Sotheby’s (EVP of Strategy and Business Development). She has also worked for Bain Capital, McKinsey & Co., eBay and Alex. Brown (Deutsche Bank).

Note: Up to 10 qualified institutional buyers or institutional accredited investors, which are not affiliated with any member of our management and which we refer to as the anchor investors, have expressed an interest to purchase up to 9.9% each of the units sold in this offering and we intend to direct the underwriters to sell to the anchor investors such number of units. 

(Note: Belong Acquisition Corp. priced its SPAC IPO on July 22, 2021, in line with the terms in its prospectus: 15 million units at $10 each to raise $150 million.)