We expect to focus on acquiring a business combination target that is a Minority Owned Business, such that, immediately following the completion of our initial business combination, our company would qualify as a Minority Controlled Business, with an enterprise value of approximately $250 million to $500 million. Management believes that this relative size of target opportunities will enable our company to pursue companies that are the most attractive from a return standpoint and are less pursued by larger, more established sources of capital.

(Note: Minority Equality Opportunities Acquisition upsized its SPAC IPO at pricing on Aug. 25, 2021, to 11 million units, up from 10 million units, at $10 each to raise $110 million.)