Semper Paratus Acquisition Corporation (“Semper Paratus”) is a newly organized, special purpose acquisition company (“SPAC”) incorporated as an exempted company in the Cayman Islands and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to as our initial business combination.
While we may pursue an initial business combination with a company in any business, industry, sector or geographic location, we currently intend to concentrate our efforts to pursue an acquisition opportunity in the transportation, supply chain and logistics industry in any stage of the target’s corporate evolution. Traditional and next-generation supply chain solutions, physical or digital, are driving essential changes across end markets as business leaders around the world navigate unprecedented supply chain disruption caused by the COVID-19 pandemic. We plan to capitalize on our management team’s extensive experience in our target sectors, along with their valuable networks of seasoned venture capital and private equity investors, veteran operational partners and others to identify these unique acquisition opportunities.
Our management team has a distinguished history of accomplishments across a broad spectrum of subsectors within the transportation, supply chain, and logistics industry, growing businesses into industry-leading enterprises by structurally improving their strategic position, growth trajectory and profitability. Our board of directors also has a significant track record in our target sectors and expertise in corporate strategy, technological innovation and operational enhancement. We expect their knowledge will enhance the management team’s perspective as we evaluate potential initial business combinations and support the target’s management after completing an initial business combination, to the extent they remain on our board following the completion of our initial business combination.