Akerna (MTech Acquisition) ^{Priced, Nasdaq: KERN}

We are a newly organized blank check company. We have not selected any specific business combination target and have not had substantive discussions for such a target. Our strategy will be to identify, acquire and assist in the growth of a business ancillary to the cannabis industry, with a particular sector focus that includes compliance, business intelligence, brand development and media. We believe the industry is undercapitalized. The U.S. legal cannabis industry has largely been financed by private money, small investors, and venture funds while large institutional investors have shied away from the industry, especially companies directly produce, distribute and sell cannabis ("touch the plant"), which we do not intend to target. As a result, we believe we have the opportunity to create a compelling structure that enables the right target company to go public to access growth capital and create additional stakeholder value as a well-capitalized acquirer in an industry defined by undercapitalized competition. We will not invest in an entity or assets which violate, or aid and abet the violation, of federal law. Our management team has collectively invested over $30 million in cannabis-related businesses in the last 3+ years. In 2016, our Chairman Steven Van Dyke and our CEO Scott Sozio founded Hypur Ventures, a venture capital fund focused on the cannabis industry. Hypur Ventures is fully invested with positions in eight portfolio companies. Steven Van Dyke previously founded and ran two hedge funds with over $1 billion in AUM, most recently as founding partner of New York-based BHR Capital.