Better World Acquisition

The Delaware-based company, established on August 5, 2020, is a blank check company primarily focused on effecting an initial business combination in the healthy living industries, targeting businesses with strong ESG profiles in North America and Europe. The company generates revenue through its initial public offering (IPO) and private placement warrants, having raised $110 million through the IPO and an additional $4.8 million through private sales. This capital is held in a trust account, intended for use in acquiring a target business.

The company's operational structure revolves around sourcing and acquiring a target business through a business combination. It has entered into a business combination agreement with Heritage, which will become the parent company following the merger. The primary customers or client base are the investors and shareholders who have purchased stock and warrants in the company. The company does not have full-time employees and relies on its management team,...