We are a blank check company incorporated as a Cayman Islands exempted company with limited liability and incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination involving one or more businesses, which we refer to throughout this prospectus as our initial business combination. To date, our efforts have been limited to organizational activities as well as activities related to this offering. We have not identified any acquisition target and we have not, nor has anyone on our behalf, initiated any discussions, directly or indirectly, with respect to identifying any acquisition target. We have generated no operating revenues to date and we do not expect that we will generate operating revenues until we consummate our initial business combination. We have not contacted any prospective targets previously considered or rejected by Yorkville I. However, we may do so following this offering if we believe at that time that their valuations, operations or prospects would make them an attractive target for a business combination and if we believe that doing so would be in the best interests of our shareholders. We currently intend to concentrate our efforts on identifying companies in Latin America and Venezuela, although we may pursue our initial business combination in any industry, sector or geographical location. We believe that there are excellent opportunities to find targets for our initial business combination in Latin America, and in Venezuela in particular. Latin America holds a large market share of global strategic mineral and oil and natural gas reserves. For example, Latin America holds over 90% of the world’s niobium reserves, a critical mineral that is used as an alloying agent in aerospace, defense, steel and medical technology industries. Latin America also holds nearly half of the world’s lithium reserves, a metal that is used in energy storage as well as in ceramics and glass and that also has medical uses. Venezuela, meanwhile, has the largest proven oil reserves in the world. Venezuela, like much of Latin America, is also undergoing a political transition which is changing the climate for foreign investment, with movement in Venezuela away from resource nationalism. Recent legislative changes and U.S. sanctions relief have resulted in increased foreign investment opportunities in Venezuela in the hydrocarbon and mining sectors. We believe our management team has the skills and experience to identify, evaluate and consummate a business combination and is positioned to assist businesses we acquire. However, our management team’s network and investing and operating experience do not guarantee a successful initial business combination. The members of our management team are not required to devote any significant amount of time to our business and are concurrently involved with other businesses. There is no guarantee that our current officers and directors will continue in their respective roles, or in any other role, after our initial business combination, and their expertise may only be of benefit to us until our initial business combination is completed. Past performance by our management team is not a guarantee of success with respect to any business combination we may consummate. Our executive offices are located in Mountainside, New Jersey.
