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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%

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.

KLDiscovery (Pivotal Acquisition) (KLDI) Performance

Created with Highcharts 10.3.2Chart context menuKLDI vs. IPO Index (IPOUSA)May 2019Sep 2019Jan 2020May 2020Sep 2020Jan 2021May 2021Sep 2021Jan 2022May 2022Sep 2022Jan 2023May 2023Sep 2023Jan 2024May 2024Sep 2024Jan 2025May 20250%+ 100%+ 200%-100%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexOur ETF tracks the IPO Index