Mercury Ecommerce Acquisition Corp. was established as a special purpose acquisition company, or SPAC, incorporated in 2021 with headquarters in Houston, Texas. This entity did not conduct ongoing business operations directly. Its core objective involved identifying and completing a strategic business combination, such as a merger, share exchange, or asset acquisition, with one or more suitable enterprises. The company’s search strategy primarily focused on seeking a target business within the North American e-commerce technology and tech-enabled services sector. In January 2023, the company underwent a name change, subsequently operating as SEP Acquisition, with its shares trading under new ticker symbols.