Techlife News - USA (2022-01-22)

(Antfer) #1

manner that’s unique to them, where they’re
already pretty far behind,” he said. “They have
the opportunity to grow a lot more than I do in
that regard.”


TIGER AND HEALTH


Tiger Woods is a lead investor in a special
purpose acquisition company (SPAC) that
hopes to raise $150 million in an initial
public offer to acquire a sports and health
technology company.


The SPAC is Sports & Health Acquisition Corp.,
and it indicated in a prospectus filed with the
SEC that it wants to target a company valued
between $600 million and $1 billion.


A SPAC is often referred to as a “blank check”
entity designed to go public without having to
deal with the traditional IPO process.


The prospectus, filed last week, said it wanted
to target business in the sports and health
technology sectors with three verticals —
fan engagement, consumer-facing health
and fitness technologies, and health and
well-being.


Woods is joined by former tennis star Caroline
Wozniacki and her husband, David Lee, a two-
time NBA All-Star when he played for the Golden
State Warriors.


Woods, a 15-time major champion with a
record-tying 82 wins on the PGA Tour, badly
injured his right leg and ankle in a car crash last
February outside Los Angeles. He played in the
PNC Championship with his 12-year-old son in
December but has not said when he can return
to the PGA Tour.

Free download pdf