Our business strategy focuses on two types of companies: those that have emerged privately from bankruptcy court protection and are owned by their former creditors or those that are privately owned and could benefit from an infusion of equity capital as part of a balance sheet recapitalization. We believe there is a sizable universe of companies that meet the prior criteria.

The economic collapse caused by the COVID crisis beginning in early 2020 has significantly increased the universe of companies that are either stressed or were forced to restructure their balance sheets through an in-court or out-of-court process. Often, these types of companies would benefit from the capital infusion provided by a combination with a blank check company whose post-reorganization capital structures are sometimes designed to meet the requirements of pre-reorganization creditors instead of being optimized to allow the businesses to reach their full potential. 

Our sponsor was formed by JC Hawks & Co., which is led by J. Carney Hawks, our chairman and CEO. Mr. Hawks was founding partner of Brigade Management until his retirement from the firm at the end of 2019. Mr. Hawks has in excess of 20 years of experience investing in the public and private markets for distressed debt and post-restructured equities.  corporate restructuring. We have retained GLC, and its co-founder and the managing director of GLC Advisors, J. Soren Reynertson, to provide us with financial advisory services.