View Financial HealthThis company is no longer activeThe company may no longer be operating, as it may be out of business. Find out why through their latest events.See Latest EventsInsight Acquisition 배당 및 자사주 매입배당 기준 점검 0/6Insight Acquisition 배당금을 지급한 기록이 없습니다.핵심 정보n/a배당 수익률6.9%자사주 매입 수익률총 주주 수익률6.9%미래 배당 수익률n/a배당 성장률n/a다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향n/a최근 배당 및 자사주 매입 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • Nov 16Insight Acquisition Corp. announced delayed 10-Q filingOn 11/15/2024, Insight Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.공시 • Oct 25Insight Acquisition Corp. announced that it has received $2.63 million in funding from Streeterville Capital, LLCInsight Acquisition Corp. entered into a securities purchase agreement with Streeterville Capital, LLC to issue secured convertible promissory note at an principal amount of $2,890,000 for gross proceeds of $2,600,000 (after deducting an original issue discount of $260,000, and payment of $30,000 for the Investor’s legal, accounting, due diligence, asset monitoring, and other transaction expenses) on October 23, 2024. The Note will mature 18 months following the date the purchase price is delivered to the Company and and will be convertible into Class A common stock. The notes will accrue interest of 10% per annum. The transaction includes participation from new investor, Streeterville Capital, LLC.공시 • Oct 03Insight Acquisition receives notice from the Nasdaq Stock Market LLC Due to Non-Compliance with Nasdaq Interpretive Material IM-5101-2Insight Acquisition Corp. (the ‘Company’) received a notice, dated September 27, 2024 (the ‘Notice’) from the Nasdaq Stock Market LLC (‘Nasdaq’), stating that the Company’s did not comply with Nasdaq Interpretive Material IM-5101-2, and that its securities are now subject to delisting. The Company’s registration statement filed in connection with the Company’s IPO became effective on September 1, 2021. Pursuant to IM-5101-2, the Company, a special purpose acquisition company, must complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement. Since the Company failed to complete its initial business combination by September 1, 2024, the Company did not comply with IM-5101-2, and its securities are now subject to delisting. Unless the Company requests an appeal of this determination by October 4, 2024, trading of the Company’s securities will be suspended at the opening of business on October 8, 2024, and a Form 25-NSE will be filed with the Securities and Exchange Commission (the ‘SEC’), which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market. The Company plans to request an appeal of the determination contained in the Notice.공시 • Aug 21Insight Acquisition Corp. Receives Non-Compliance Notice from the Nasdaq Stock Market LLC Regarding MVLS RequirementInsight Acquisition Corp., a Delaware corporation (the Company"), received a notice, dated July 29, 2024 (the Notice") from the Nasdaq Stock Market LLC (Nasdaq"), stating that the Company's listed securities failed to comply with the $15,000,000 market value of listed securities (MVLS") requirement for continued listing on The Nasdaq Capital Market in accordance with Nasdaq Listing Rule 5450(b)(2)(C) based upon the Company's MVLS for the 30 consecutive business days prior to the date of the Notice. The Notice has no immediate effect on the listing of the Company's securities on Nasdaq and in accordance with Nasdaq Listing Rule 5810(c)(3)(D), the Company has been provided a period of 180 calendar days, or until January 27, 2025, in which to regain compliance. In order to regain compliance, the MVLS of the Company must close at $15,000,000 or more for a minimum of ten consecutive business days during this 180-day period. There can be no assurance that the Company will be able to regain compliance with the MVLS requirement, or maintain compliance with the other Nasdaq continued listing requirements.공시 • Aug 15Insight Acquisition Corp. announced delayed 10-Q filingOn 08/14/2024, Insight Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.공시 • May 18Insight Acquisition Corp. announced delayed 10-Q filingOn 05/16/2024, Insight Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.공시 • Apr 03Insight Acquisition Corp. announced delayed annual 10-K filingOn 04/02/2024, Insight Acquisition Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC.Board Change • Feb 16High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Executive Chairman Michael Singer is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.공시 • Nov 17Insight Acquisition Corp. announced delayed 10-Q filingOn 11/15/2023, Insight Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.공시 • Oct 18Alpha Modus Corp entered into an agreement to acquire Insight Acquisition Corp. (NasdaqGM:INAQ) from Insight Acquisition Sponsor LLC and Others for approximately $140 million in a reverse merger transaction.Alpha Modus Corp entered into an agreement to acquire Insight Acquisition Corp. (NasdaqGM:INAQ) from Insight Acquisition Sponsor LLC and Others for approximately $140 million in a reverse merger transaction on October 13, 2023. Post closing, Alpha Modus shareholders would own approximately 70%, excluding the earn out, of the combined company. The closing of the proposed business combination is subject to a number of conditions, including but not limited to approval of the transaction by Insight’s stockholders and Alpha Modus’ stockholders, the U.S. Securities and Exchange Commission declaring Insight’s registration statement on Form S-4 effective and other customary closing conditions. The transaction is expected to close in the first quarter of 2024. CHW Strategic Advisors acted as advisor to Alpha Modus on the transaction. Mitchell Nussbaum of Loeb & Loeb LLP acted as legal counsel to IAC. Lance Brunson of Brunson Chandler & Jones, PLLC acted as legal counsel to Alpha Modus.공시 • Sep 10Insight Acquisition Corp. Appoints David Brosgol as DirectorInsight Acquisition Corp. announced that at its annual meeting of stockholders held on September 6, 2023, approved proposal to elect one (1) director, David Brosgol, to serve until 2026 annual meeting and until his successor has been duly elected and qualified or until his earlier resignation, removal or death.공시 • Aug 25Insight Acquisition Corp., Annual General Meeting, Sep 06, 2023Insight Acquisition Corp., Annual General Meeting, Sep 06, 2023, at 10:30 US Eastern Standard Time. Agenda: To amend the Companys amended and restated certificate of incorporation, as amended, to extend the date by which the Company has to consummate a business combination for up to nine additional one (1)month extensions or from September7, 2023 up to June7, 2024; to elect one director to serve until the 2026 annual meeting and until his successor had been duly elected and qualified or until his earlier resignation, removal or death; to ratify the appointment of WithumSmith+Brown PC, as independent registered public accounting firm for the year ending December31, 2023; to authorize the Chairman of the Annual Meeting to adjourn the Annual Meeting to a later date or dates, from time to time, at the request of the Chairman of the Annual Meeting.공시 • Aug 19Insight Acquisition Corp. announced that it has received $0.48 million in fundingInsight Acquisition Corp. announced that it has issued an unsecured promissory note for gross proceeds of $480,000 on August 17, 2023. The transaction included participation from returning lender Insight Acquisition Sponsor LLC. The principal amount of the note is $180,000. The Note does not bear interest and matures upon the closing of an initial business combination by the Company. In addition, at the option of the holder, the Note may be paid by the Company through the issuance of private placement warrants of the Company at a price of $1.00 per unit. The Promissory note has not been registered under the securities act of 1933, as amended (the “securities act”).공시 • Aug 17Insight Acquisition Corp. announced delayed 10-Q filingOn 08/15/2023, Insight Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.공시 • Jun 01Insight Acquisition Receives NASDAQ Notification of Noncompliance with Listing Rule 5250(c)(1)Insight Acquisition Corp. announced that on May 24, 2023, it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) stating that it was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of it not having timely filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 (the “2023 First Quarter 10-Q”) with the Securities and Exchange Commission (“SEC”). The Nasdaq notification letter provides the Company with 60 calendar days, or until July 24, 2023, to submit to Nasdaq a plan to regain compliance in accordance with Nasdaq’s listing requirements. If the Company’s plan is accepted, Nasdaq may grant the Company up to 180 days, or until November 20, 2023, for the Company to regain compliance. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel under Nasdaq Listing Rule 5815(a). The Nasdaq notification letter has no immediate effect on the listing of the Company’s securities on the NASDAQ Global Market. The Company does not currently expect submission of a compliance plan will be necessary as it anticipates filing its 2023 First Quarter 10-Q prior to the expiration of the 60 day period. The Company anticipates that it will fully regain compliance with the NASDAQ continued listing requirements upon such filing of its 2023 First Quarter 10-Q.공시 • May 17Insight Acquisition Corp. announced delayed 10-Q filingOn 05/16/2023, Insight Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.공시 • Jan 27Insight Acquisition Corp. (NYSE:INAQ) signed a letter of intent to acquire Avila Energy Corporation (CNSX:VIK).Insight Acquisition Corp. (NYSE:INAQ) signed a letter of intent to acquire Avila Energy Corporation (CNSX:VIK) on January 24, 2023. The Company or a newly-formed company affiliated with Avila Energy Corporation will combine with IAC so that all of the issued and outstanding securities of the Avila Energy Corporation and IAC will be exchanged for shares of the Surviving Company based on a fully diluted enterprise value of the Surviving Company of $185,280,000. The transaction will create a surviving company the shareholders of which will be composed of the then current shareholders of Avila and shareholders and participating parties of IAC. It is anticipated that the current shareholders of Avila will, excluding any additional financing that may be raised in connection with the transaction and before considering any redemption of the IAC shareholders, hold approximately 68% of the issued shares of the surviving company upon closing of the transaction. The Board of Directors of the Surviving Company is expected to consist of seven persons, five of which shall be appointed by persons designated by Avila, including three independent directors, and Leonard Van Betuw will remain the CEO and Chairman of the Board of the surviving company. The transaction remains subject to the approval of the boards of directors and stockholders of each of IAC and the Company, as well as other customary closing conditions, including negotiation and execution of a definitive business combination agreement for the transaction. The transaction, which will constitute the de-SPAC transaction of IAC, is expected to close later this year.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 과거에 INAQ 의 주당 배당금이 안정적이었는지 판단하기에는 데이터가 부족합니다.배당금 증가: INAQ 의 배당금 지급이 증가했는지 판단하기에는 데이터가 부족합니다.배당 수익률 vs 시장Insight Acquisition 배당 수익률 vs 시장INAQ의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (INAQ)n/a시장 하위 25% (US)1.4%시장 상위 25% (US)4.1%업계 평균 (Capital Markets)2.1%분석가 예측 (INAQ) (최대 3년)n/a주목할만한 배당금: 회사가 최근 지급을 보고하지 않았기 때문에 하위 25%의 배당금 지급자에 대해 INAQ 의 배당 수익률을 평가할 수 없습니다.고배당: 회사가 최근 지급을 보고하지 않았기 때문에 배당금 지급자의 상위 25%에 대해 INAQ 의 배당 수익률을 평가할 수 없습니다.주주 대상 이익 배당수익 보장: 배당금 지급이 수익으로 충당되는지 확인하기 위해 INAQ 의 지급 비율을 계산하기에는 데이터가 부족합니다.주주 현금 배당현금 흐름 범위: INAQ 에서 지급을 보고하지 않았기 때문에 배당 지속 가능성을 계산할 수 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YUS 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/12/15 00:03종가2024/12/13 00:00수익2024/09/30연간 수익2023/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Insight Acquisition Corp.는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
공시 • Nov 16Insight Acquisition Corp. announced delayed 10-Q filingOn 11/15/2024, Insight Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
공시 • Oct 25Insight Acquisition Corp. announced that it has received $2.63 million in funding from Streeterville Capital, LLCInsight Acquisition Corp. entered into a securities purchase agreement with Streeterville Capital, LLC to issue secured convertible promissory note at an principal amount of $2,890,000 for gross proceeds of $2,600,000 (after deducting an original issue discount of $260,000, and payment of $30,000 for the Investor’s legal, accounting, due diligence, asset monitoring, and other transaction expenses) on October 23, 2024. The Note will mature 18 months following the date the purchase price is delivered to the Company and and will be convertible into Class A common stock. The notes will accrue interest of 10% per annum. The transaction includes participation from new investor, Streeterville Capital, LLC.
공시 • Oct 03Insight Acquisition receives notice from the Nasdaq Stock Market LLC Due to Non-Compliance with Nasdaq Interpretive Material IM-5101-2Insight Acquisition Corp. (the ‘Company’) received a notice, dated September 27, 2024 (the ‘Notice’) from the Nasdaq Stock Market LLC (‘Nasdaq’), stating that the Company’s did not comply with Nasdaq Interpretive Material IM-5101-2, and that its securities are now subject to delisting. The Company’s registration statement filed in connection with the Company’s IPO became effective on September 1, 2021. Pursuant to IM-5101-2, the Company, a special purpose acquisition company, must complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement. Since the Company failed to complete its initial business combination by September 1, 2024, the Company did not comply with IM-5101-2, and its securities are now subject to delisting. Unless the Company requests an appeal of this determination by October 4, 2024, trading of the Company’s securities will be suspended at the opening of business on October 8, 2024, and a Form 25-NSE will be filed with the Securities and Exchange Commission (the ‘SEC’), which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market. The Company plans to request an appeal of the determination contained in the Notice.
공시 • Aug 21Insight Acquisition Corp. Receives Non-Compliance Notice from the Nasdaq Stock Market LLC Regarding MVLS RequirementInsight Acquisition Corp., a Delaware corporation (the Company"), received a notice, dated July 29, 2024 (the Notice") from the Nasdaq Stock Market LLC (Nasdaq"), stating that the Company's listed securities failed to comply with the $15,000,000 market value of listed securities (MVLS") requirement for continued listing on The Nasdaq Capital Market in accordance with Nasdaq Listing Rule 5450(b)(2)(C) based upon the Company's MVLS for the 30 consecutive business days prior to the date of the Notice. The Notice has no immediate effect on the listing of the Company's securities on Nasdaq and in accordance with Nasdaq Listing Rule 5810(c)(3)(D), the Company has been provided a period of 180 calendar days, or until January 27, 2025, in which to regain compliance. In order to regain compliance, the MVLS of the Company must close at $15,000,000 or more for a minimum of ten consecutive business days during this 180-day period. There can be no assurance that the Company will be able to regain compliance with the MVLS requirement, or maintain compliance with the other Nasdaq continued listing requirements.
공시 • Aug 15Insight Acquisition Corp. announced delayed 10-Q filingOn 08/14/2024, Insight Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
공시 • May 18Insight Acquisition Corp. announced delayed 10-Q filingOn 05/16/2024, Insight Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
공시 • Apr 03Insight Acquisition Corp. announced delayed annual 10-K filingOn 04/02/2024, Insight Acquisition Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
Board Change • Feb 16High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Executive Chairman Michael Singer is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
공시 • Nov 17Insight Acquisition Corp. announced delayed 10-Q filingOn 11/15/2023, Insight Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
공시 • Oct 18Alpha Modus Corp entered into an agreement to acquire Insight Acquisition Corp. (NasdaqGM:INAQ) from Insight Acquisition Sponsor LLC and Others for approximately $140 million in a reverse merger transaction.Alpha Modus Corp entered into an agreement to acquire Insight Acquisition Corp. (NasdaqGM:INAQ) from Insight Acquisition Sponsor LLC and Others for approximately $140 million in a reverse merger transaction on October 13, 2023. Post closing, Alpha Modus shareholders would own approximately 70%, excluding the earn out, of the combined company. The closing of the proposed business combination is subject to a number of conditions, including but not limited to approval of the transaction by Insight’s stockholders and Alpha Modus’ stockholders, the U.S. Securities and Exchange Commission declaring Insight’s registration statement on Form S-4 effective and other customary closing conditions. The transaction is expected to close in the first quarter of 2024. CHW Strategic Advisors acted as advisor to Alpha Modus on the transaction. Mitchell Nussbaum of Loeb & Loeb LLP acted as legal counsel to IAC. Lance Brunson of Brunson Chandler & Jones, PLLC acted as legal counsel to Alpha Modus.
공시 • Sep 10Insight Acquisition Corp. Appoints David Brosgol as DirectorInsight Acquisition Corp. announced that at its annual meeting of stockholders held on September 6, 2023, approved proposal to elect one (1) director, David Brosgol, to serve until 2026 annual meeting and until his successor has been duly elected and qualified or until his earlier resignation, removal or death.
공시 • Aug 25Insight Acquisition Corp., Annual General Meeting, Sep 06, 2023Insight Acquisition Corp., Annual General Meeting, Sep 06, 2023, at 10:30 US Eastern Standard Time. Agenda: To amend the Companys amended and restated certificate of incorporation, as amended, to extend the date by which the Company has to consummate a business combination for up to nine additional one (1)month extensions or from September7, 2023 up to June7, 2024; to elect one director to serve until the 2026 annual meeting and until his successor had been duly elected and qualified or until his earlier resignation, removal or death; to ratify the appointment of WithumSmith+Brown PC, as independent registered public accounting firm for the year ending December31, 2023; to authorize the Chairman of the Annual Meeting to adjourn the Annual Meeting to a later date or dates, from time to time, at the request of the Chairman of the Annual Meeting.
공시 • Aug 19Insight Acquisition Corp. announced that it has received $0.48 million in fundingInsight Acquisition Corp. announced that it has issued an unsecured promissory note for gross proceeds of $480,000 on August 17, 2023. The transaction included participation from returning lender Insight Acquisition Sponsor LLC. The principal amount of the note is $180,000. The Note does not bear interest and matures upon the closing of an initial business combination by the Company. In addition, at the option of the holder, the Note may be paid by the Company through the issuance of private placement warrants of the Company at a price of $1.00 per unit. The Promissory note has not been registered under the securities act of 1933, as amended (the “securities act”).
공시 • Aug 17Insight Acquisition Corp. announced delayed 10-Q filingOn 08/15/2023, Insight Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
공시 • Jun 01Insight Acquisition Receives NASDAQ Notification of Noncompliance with Listing Rule 5250(c)(1)Insight Acquisition Corp. announced that on May 24, 2023, it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) stating that it was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of it not having timely filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 (the “2023 First Quarter 10-Q”) with the Securities and Exchange Commission (“SEC”). The Nasdaq notification letter provides the Company with 60 calendar days, or until July 24, 2023, to submit to Nasdaq a plan to regain compliance in accordance with Nasdaq’s listing requirements. If the Company’s plan is accepted, Nasdaq may grant the Company up to 180 days, or until November 20, 2023, for the Company to regain compliance. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel under Nasdaq Listing Rule 5815(a). The Nasdaq notification letter has no immediate effect on the listing of the Company’s securities on the NASDAQ Global Market. The Company does not currently expect submission of a compliance plan will be necessary as it anticipates filing its 2023 First Quarter 10-Q prior to the expiration of the 60 day period. The Company anticipates that it will fully regain compliance with the NASDAQ continued listing requirements upon such filing of its 2023 First Quarter 10-Q.
공시 • May 17Insight Acquisition Corp. announced delayed 10-Q filingOn 05/16/2023, Insight Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
공시 • Jan 27Insight Acquisition Corp. (NYSE:INAQ) signed a letter of intent to acquire Avila Energy Corporation (CNSX:VIK).Insight Acquisition Corp. (NYSE:INAQ) signed a letter of intent to acquire Avila Energy Corporation (CNSX:VIK) on January 24, 2023. The Company or a newly-formed company affiliated with Avila Energy Corporation will combine with IAC so that all of the issued and outstanding securities of the Avila Energy Corporation and IAC will be exchanged for shares of the Surviving Company based on a fully diluted enterprise value of the Surviving Company of $185,280,000. The transaction will create a surviving company the shareholders of which will be composed of the then current shareholders of Avila and shareholders and participating parties of IAC. It is anticipated that the current shareholders of Avila will, excluding any additional financing that may be raised in connection with the transaction and before considering any redemption of the IAC shareholders, hold approximately 68% of the issued shares of the surviving company upon closing of the transaction. The Board of Directors of the Surviving Company is expected to consist of seven persons, five of which shall be appointed by persons designated by Avila, including three independent directors, and Leonard Van Betuw will remain the CEO and Chairman of the Board of the surviving company. The transaction remains subject to the approval of the boards of directors and stockholders of each of IAC and the Company, as well as other customary closing conditions, including negotiation and execution of a definitive business combination agreement for the transaction. The transaction, which will constitute the de-SPAC transaction of IAC, is expected to close later this year.