ESS Tech (ACON S2 Acquisition) ^{Priced, Nasdaq: GWH}

We are a newly formed blank check company. While we may pursue an initial business combination opportunity in any business, industry, sector or geographical location, we intend to initially focus our search on identifying a prospective target business that employs a strategic approach to sustainability; that is, a business whose pursuit of sustainability -- environmental, social and/or economic -- is core to driving its performance and success thereby best leveraging the experience and expertise of the team and ACON Investments. Our selection process will leverage our long-standing network of industry, sustainability, private equity sponsor, credit fund sponsor and lending community relationships as well as relationships with management teams of public and private companies, investment bankers, restructuring advisers, attorneys and accountants, which we believe should provide us with a number of business combination opportunities. We intend to deploy a proactive, thematic sourcing strategy and to focus on companies where we believe the combination of our experience, platform, relationships, capital and capital markets expertise can be catalysts to transformation, growth acceleration and performance.We intend to identify and merge with a business with an overall transaction value between $500 million and $2.0 billion.