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KLDiscovery (Pivotal Acquisition) Priced, NYSE: KLDI

SPAC led by Jonathan Ledecky targeting the entertainment, logistics, and business tech industries (completed 12/20/2019).

Industry: SPAC

First Day Return: +1.0%

Industry: SPAC

We are a newly organized blank check company. While we initially intend to focus our search for a target business in the sports, logistics, e-commerce and consumer technology industries, we may pursue an initial business combination target in any industry or geographic location. We intend to focus our search on companies in North America in industries ripe for disruption from continuously evolving digital technology and the resulting shift in distribution patterns and consumer purchase behavior. Most of these middle market and emerging growth companies will ultimately need to consolidate to achieve the scale necessary to attain high revenue growth and attractive profitability. Segments we might explore include logistics technology and "last mile" delivery services, business technology services, on-line cyber security and off-line physical security services, media and entertainment services and franchise businesses. We are led by Jonathan Ledecky, our CEO and Chairman. He is also a managing member of our sponsor. Mr. Ledecky is co-owner of the NHL's New York Islanders franchise and served as president and a director of Endeavor Acquisition Corp., a blank check company that completed its initial business combination with American Apparel.
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KLDiscovery (Pivotal Acquisition) (KLDI) Performance