Arctos NorthStar Acquisition Co. was established as a blank check entity in 2020, primarily focusing on identifying and acquiring businesses within the dynamic sports, media, and entertainment industries. The company aimed to execute a merger, share exchange, asset acquisition, or similar business combination with one or more suitable targets. It intended to pursue opportunities across various sub-sectors, including professional sports teams, leagues, data and technology solutions, digital infrastructure, health and wellness, esports, betting, ticketing, agencies, and hospitality services. Arctos NorthStar Acquisition Corp. conducted its initial public offering, raising $275 million in February 2021. As a special purpose acquisition company, its revenue model was not based on operating activities but rather on interest generated from investments held in a trust account. The board of directors subsequently made a determination to redeem all outstanding Class A ordinary shares, suggesting the company did not complete a business combination within its stipulated timeframe.