Marquee Raine Acquisition Corp.’s

Acquisition Criteria & Focus

Business Strategy

Our acquisition strategy will be to source, identify, acquire and, upon completion of our initial business combination, build a business in the public equity market. While we will not be limited to a particular industry or geographic region, we believe the experience of our management team, Raine and Marquee will be highly complementary to a business in the high growth sectors of TMT, particularly a company that can benefit from our management team’s strategic, operational and financial expertise.

We believe our management team and sponsor will be able to provide a level of support and assistance on key operational and strategic matters that is highly differentiated. Operational areas where we believe our management team and sponsor can provide meaningful incremental value-added guidance include, but are not limited to:

  • Improving business operations through the efficient allocation of human resources and prudent investment of capital at attractive ROIs
  • Developing disciplined budgeting processes and sophisticated financial modeling projections in support of short and long- term growth objectives
  • Conducting extensive research and analysis to validate market opportunities for existing and new products or lines of business
  • Evaluating strategic plans to differentiate businesses from direct and indirect competitors
  • Developing and implementing an effective PR and investor relations strategy to maximize efficiency in communication with investors, research analysts and the media
Our management team and sponsor have successfully taken these actions as advisors, investors and operators of companies ranging from early-stage venture businesses to large corporate conglomerates in order to create shareholder value

Industry Focus

Interactive Entertainment & Games
Real-Money Gaming
Digital Media & Entertainment
Sports & Sports-Enabled Assets
Health, Fitness, and Wellness

Out-Of-Home and Live Entertainment
Music & Podcasting

Acquisition Criteria

Consistent with our core investment principles and business strategy, we expect to identify high-quality companies that have a number of the characteristics listed below. We will use these criteria and guidelines in evaluating acquisition opportunities, but we may decide to complete our initial business combination with a target business that does not meet all of these criteria. We will seek to acquire companies that have the following characteristics:

  • Operates in high growth sectors of TMT and is well- positioned to benefit from the broad network and strategic expertise of our management team, Board and sponsor
  • Proprietary brand or unique product line that provides a clear competitive moat and can access a large target addressable market opportunity
  • Attractive financial profile and stable free cash flow, or has the potential to generate stable and sustainable free cash flow in the near future
  • Appropriately capitalized and in a strong liquidity position, or will be upon completion of the initial business combination
  • Demonstrates clear opportunities to generate outsized returns on invested capital to support and strengthen the business’s competitive position
  • Strong, seasoned executive leadership team with a distinguished track record of generating attractive returns and shareholder value
  • Operating at scale and prepared to make the transition to the public markets but can benefit from the guidance and advice of our management team in developing a clear message describing the business model and investment opportunity to public investors

These criteria are not intended to be exhaustive. Any evaluation relating to the merits of a particular initial business combination may be based, to the extent relevant, on these general guidelines, as well as other considerations, factors and criteria that our management and our Investment Team may deem relevant.

In the event that we decide to enter into our initial business combination with a target business that does not substantially meet the above criteria and guidelines, we will disclose that the target business does not substantially meet the above criteria in our stockholder communications related to our initial business combination, which, as discussed in this prospectus, would be in the form of tender offer documents or proxy solicitation materials that we would file with the SEC.