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| FORM 10-K |
|-----------|
|   | ☒ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|---------|--------------------------------------------------------------------------------------|
|   | ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|---------|------------------------------------------------------------------------------------------|

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| Delaware                                                       |         | 86-2016556                           |
|----------------------------------------------------------------|--------------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |    | (I.R.S. Employer Identification No.) |
| 3282 Northside PkwySuite 275                          |
|-------------------------------------------------------|
| Atlanta, GA 30327                                     |
| (Address of principal executive offices and zip code) |
| Title of each class                                                                                                              | Trading Symbols | Name of each exchange on which registered |
|----------------------------------------------------------------------------------------------------------------------------------|-----------------|------------------------------------------------|
| Units, each consisting of one share of Class A common stock, $0.0001 par value per share, and one-half of one redeemable warrant | HMA.U           | The New York Stock Exchange                    |
| Class A common stock, par value $0.0001 per share                                                                                | HMA             | The New York Stock Exchange                    |
| Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share          | HMA.WS          | The New York Stock Exchange                    |

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| Large accelerated filer | ☐ | Accelerated filer       | ☐ |
|-------------------------|---------|-------------------------|---------|
| Non-accelerated filer   | ☒ | Small reporting company | ☒ |
|                    |    | Emerging growth company | ☒ |

| PCAOB ID Number: 688 | Auditor Name: Marcum LLP | Auditor Location: New York, New York |
|----------------------|--------------------------|--------------------------------------|

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|                                                      | Page                                                                                                               |
|------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------|
| CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS | 2                                                                                                                  |
|                                                 |                                                                                                               |
| PART I                                               | 3                                                                                                                  |
| Item 1.                                              | Business                                                                                                           | 3 |
| Item 1A.                                             | Risk Factors                                                                                                       | 25 |
| Item 1B.                                             | Unresolved Staff Comments                                                                                          | 53 |
| Item 2.                                              | Properties                                                                                                         | 53 |
| Item 3.                                              | Legal Proceedings                                                                                                  | 53 |
| Item 4.                                              | Mine Safety Disclosures                                                                                            | 53 |
|                                                 |                                                                                                               |
| PART II                                              | 54                                                                                                                 |
| Item 5.                                              | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 54 |
| Item 6.                                              | Reserved                                                                                                           | 55 |
| Item 7.                                              | Management’s Discussion and Analysis of Financial Condition and Results of Operations                        | 55 |
| Item 7A.                                             | Quantitative and Qualitative Disclosures About Market Risk                                                         | 58 |
| Item 8.                                              | Financial Statements and Supplementary Data                                                                        | 58 |
| Item 9.                                              | Changes in and Disagreements With Accountants on Accounting and Financial Disclosure                               | 59 |
| Item 9A.                                             | Controls and Procedures                                                                                            | 59 |
| Item 9B.                                             | Other Information                                                                                                  | 59 |
|                                                 |                                                                                                               |
| PART III                                             | 60                                                                                                                 |
| Item 10.                                             | Directors, Executive Officers and Corporate Governance                                                             | 60 |
| Item 11.                                             | Executive Compensation                                                                                             | 68 |
| Item 12.                                             | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters                     | 70 |
| Item 13.                                             | Certain Relationships and Related Transactions, and Director Independence                                          | 71 |
| Item 14.                                             | Principal Accounting Fees and Services                                                                             | 73 |
|                                                 |                                                                                                               |
| PART IV                                              | 74                                                                                                                 |
| Item 15.                                             | Exhibits, Financial Statement Schedules                                                                            | 74 |
|                                                 |                                                                                                               |
| SIGNATURES                                           | 76                                                                                                                 |
|                                                 |                                                                                                               |
| POWERS OF ATTORNEY                                   | 76                                                                                                                 |

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|   | • | “amended and restated certificate of incorporation” are to our amended and restated certificate of incorporation; |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------|
|  | • | “common stock” are to our Class A common stock and our Class B common stock; |
|--|---------|------------------------------------------------------------------------------------------|
|  | • | “company” or “our company” are to Heartland Media Acquisition Corp., a Delaware corporation; |
|--|---------|----------------------------------------------------------------------------------------------------------------------|
|  | • | “founder shares” are to shares of our Class B common stock initially purchased by our sponsor in a private placement prior to our initial public offering and the shares of our Class A common stock issued upon                the automatic conversion thereof at the time of our initial business combination as provided herein; |
|--|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | “initial stockholders” are to our sponsor and the other holders (if any) of our founder shares prior to our initial public offering; |
|--|---------|--------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | “management,” our “management team” or our “team” are to our officers and directors, and “directors” are to our current directors; |
|--|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | “private placement warrants” are to the warrants to be issued to our sponsor in a private placement simultaneously with the closing of our initial public offering; |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | “public shares” are to shares of our Class A common stock sold as part of the units in our initial public offering (whether they are purchased in our initial public offering or thereafter in the open market); |
|--|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | “public stockholders” are to the holders of our public shares, including our sponsor, officers and directors to the extent our sponsor, officers or directors purchase public shares, provided that each of                their status as a “public stockholder” shall only exist with respect to such public shares; |
|--|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | “sponsor” are to Heartland Sponsor LLC, a Delaware limited liability company, which is an affiliate of Heartland Media LLC; |
|--|---------|-----------------------------------------------------------------------------------------------------------------------------------------|
|  | • | “warrants” are to our warrants sold as part of the units in our initial public offering (whether they are purchased in our initial public offering or thereafter in the open market) and the private placement                warrants; and |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | “we,” “us” or “our” are to Heartland Media Acquisition Corp., a Delaware corporation, or, where applicable, members of our management team. |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | • | our ability to select an appropriate target business or businesses; |
|--------|---------|---------------------------------------------------------------------|
|   | • | our ability to complete our initial business combination; |
|--------|---------|-----------------------------------------------------------|
|   | • | our expectations around the performance of a prospective target business or businesses; |
|--------|---------|-----------------------------------------------------------------------------------------|
|   | • | our success in retaining or recruiting, or changes required in, our officers, key employees or directors following our initial business combination; |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | • | our officers and directors allocating their time to other businesses and potentially having conflicts of interest with our business or in approving our initial business combination; |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | • | our potential ability to obtain additional financing to complete our initial business combination; |
|--------|---------|----------------------------------------------------------------------------------------------------|
|   | • | our pool of prospective target businesses, including their industry and geographic location; |
|--------|---------|----------------------------------------------------------------------------------------------|
|   | • | our ability to consummate an initial business combination due to the uncertainty resulting from the recent COVID-19 pandemic and other events (such as terrorist attacks, natural disasters or a significant                outbreak of other infectious diseases); |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | • | the ability of our officers and directors to generate a number of potential business combination opportunities; |
|--------|---------|-----------------------------------------------------------------------------------------------------------------|
|   | • | our public securities’ potential liquidity and trading; |
|--------|---------|---------------------------------------------------------------|
|   | • | the lack of a market for our securities; |
|--------|---------|------------------------------------------|
|   | • | the use of proceeds not held in the trust account or available to us from interest income on the trust account balance; |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------|
|   | • | the trust account not being subject to claims of third parties; or |
|--------|---------|--------------------------------------------------------------------|
|   | • | our financial performance. |
|--------|---------|----------------------------|

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| Item 1. | Business. |
|---------|-----------|

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|  | • | Increased bifurcation between local advertising and national advertising |
|--|---------|--------------------------------------------------------------------------|
|  | • | Rise of OTT platforms which are competing for increased market share |
|--|---------|----------------------------------------------------------------------|
|  | • | Proliferation of original media content |
|--|---------|-----------------------------------------|
|  | • | Shift of advertising revenue from traditional media to digital media platforms |
|--|---------|--------------------------------------------------------------------------------|
|  | • | Widespread and continued legalization of sports betting |
|--|---------|---------------------------------------------------------|
|  | • | Increased use of data and analytics within sports |
|--|---------|---------------------------------------------------|

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|  | • | Grow businesses through operational efficiencies |
|--|---------|--------------------------------------------------|
|  | • | Identify shifts in consumer behavior |
|--|---------|--------------------------------------|
|  | • | Pivot businesses in order to help capture significant stockholder value |
|--|---------|-------------------------------------------------------------------------|

|   | • | Develop and execute complex legal and financial structures to support publically traded companies |
|--------|---------|---------------------------------------------------------------------------------------------------|

|  | • | Sourcing acquisition opportunities which help generate excess stockholder value |
|--|---------|---------------------------------------------------------------------------------|
|  | • | Executing strategic transactions that enhance a company’s value proposition |
|--|---------|-----------------------------------------------------------------------------------|
|  | • | Identifying business trends to help drive organic growth |
|--|---------|----------------------------------------------------------|
|  | • | Sourcing and leading talented teams to help advance business objectives |
|--|---------|-------------------------------------------------------------------------|
|  | • | Navigating the capital markets to help maximize value |
|--|---------|-------------------------------------------------------|
|  | • | Generates stable revenue and cash flows or potential for significant revenue and earnings growth |
|--|---------|--------------------------------------------------------------------------------------------------|
|  | • | Defensible market position |
|--|---------|----------------------------|
|  | • | Potential for additional synergistic M&A activity |
|--|---------|-------------------------------------------------------|
|  | • | Strong management team that would benefit from our extensive and diverse expertise |
|--|---------|------------------------------------------------------------------------------------|
|  | • | Ability to benefit from being a publicly traded company with access to the broader capital markets |
|--|---------|----------------------------------------------------------------------------------------------------|
|  | • | Valuation which is in line with the business fundamentals |
|--|---------|-----------------------------------------------------------|

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|  | • | Acquisition of Data South Computer Company in 1993 |
|--|---------|----------------------------------------------------|
|  | • | Acquiring control of Gray for $14 million in 1993 |
|--|---------|---------------------------------------------------|
|  | • | Acquisition of two television stations in Lexington, KY from Kentucky Central Television, Inc. for $38 million in 1994 |
|--|---------|------------------------------------------------------------------------------------------------------------------------|
|  | • | Acquisition of Augusta CBS television station from Television Station Partners for $37 million in 1996 |
|--|---------|--------------------------------------------------------------------------------------------------------|
|  | • | Acquisition of two CBS-affiliated television stations and mobile satellite truck business from First American Media, Inc. for $184 million in 1996 |
|--|---------|----------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | • | Acquisition of Busse Broadcasting Corporation and two of its television stations and corresponding disposition of a television station in a transaction valued at over $190 million in 1998 |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | Acquisition of 15 television stations from Benedek Broadcasting for $500 million in 2002 |
|--|---------|------------------------------------------------------------------------------------------|
|  | • | Acquisition of one television station from Emmis Communications for $186 million in 2005 |
|--|---------|------------------------------------------------------------------------------------------|
|  | • | Spun off five newspapers and one wireless business resulting in a separate publically traded company and a $40 million dividend to Gray in 2005 |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | Acquisition of one television station from the University of Notre Dame for approximately $85 million |
|--|---------|-------------------------------------------------------------------------------------------------------|
|  | • | Became the largest shareholder of Rawlings Sporting Goods Company, Inc. and named Vice Chairman, which was eventually sold to K2 Inc. for a 48% premium over the public market price |
|--|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | Chairman of the Special Committee for the sale of Swiss Army Brands, Inc. to the Swiss Army Corporation in Ibach, Switzerland |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------|
|  | • | Formation of Heartland Media in 2013 |
|--|---------|--------------------------------------|
|  | • | Acquisition of Wincor Nixdorf AG by Diebold for $1.9 billion in 2015 |
|--|---------|----------------------------------------------------------------------|
|  | • | Acquisition of a television station from GOCOM Media for $40 million in 2015 |
|--|---------|------------------------------------------------------------------------------|
|  | • | Acquisition of five television stations from Nexstar Broadcasting Group, Inc. in 2018 for $115 million |
|--|---------|--------------------------------------------------------------------------------------------------------|
|  | • | Acquisition of Time Inc. by Meredith Corporation for $2.8 billion in 2018 |
|--|---------|---------------------------------------------------------------------------|
|  | • | Sale of Texture by Meredith Corporation to Apple Inc. in 2018 |
|--|---------|---------------------------------------------------------------|
|  | • | Acquisition of multiple television stations over a period of time by Meredith Corporation for an aggregate of over $680mm |
|--|---------|---------------------------------------------------------------------------------------------------------------------------|
|  | • | Sale of eleven television stations to Allen Media Group in 2020 for $305 million |
|--|---------|----------------------------------------------------------------------------------|

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|   | • | subject us to negative economic, competitive and regulatory developments, any or all of which may have a substantial adverse impact on the particular industry in which we operate after our initial business                combination; and |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | cause us to depend on the marketing and sale of a single product or limited number of products or services. |
|--|---------|-------------------------------------------------------------------------------------------------------------|

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| Public offering price                                               | ​ | $10.00                                  |
|---------------------------------------------------------------------|---------|-----------------------------------------|
| Type of transaction                                                 | ​ | Whether stockholderapproval is required |
| Purchase of assets                                                  | ​ | No                                      |
| Purchase of stock of target not involving a merger with the company | ​ | No                                      |
| Merger of target into a subsidiary of the company                   | ​ | No                                      |
| Merger of the company with a target                                 | ​ | Yes                                     |
|  | • | we issue shares of common stock that will be equal to or in excess of 20% of the number of shares of Class A common stock then outstanding (other than in a public offering); |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | any of our directors, officers or substantial stockholders (as defined by the rules of the NYSE) has a 5% or greater interest (or such persons collectively have a 10% or greater interest), directly or                indirectly, in the target business or assets to be acquired or otherwise and the present or potential issuance of common stock could result in an increase in outstanding shares of common stock or voting power of 5% or more; or |
|--|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | the issuance or potential issuance of common stock will result in our undergoing a change of control. |
|--|---------|-------------------------------------------------------------------------------------------------------|
|  | • | the timing of the transaction, including in the event we determine stockholder approval would require additional time and there is either not enough time to seek stockholder approval or doing so would place                the company at a disadvantage in the transaction or result in other additional burdens on the company; |
|--|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | the expected cost of holding a stockholder vote; |
|--|---------|--------------------------------------------------|
|  | • | the risk that the stockholders would fail to approve the proposed business combination; |
|--|---------|-----------------------------------------------------------------------------------------|
|  | • | other time and budget constraints of the company; and |
|--|---------|-------------------------------------------------------|
|  | • | additional legal complexities of a proposed business combination that would be time-consuming and burdensome to present to stockholders. |
|--|---------|------------------------------------------------------------------------------------------------------------------------------------------|

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|  | • | conduct the redemptions pursuant to Rule 13e-4 and Regulation 14E of the Exchange Act, which regulate issuer tender offers; and |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------|
|  | • | file tender offer documents with the SEC prior to completing our initial business combination which contain substantially the same financial and other information about the initial business combination and                the redemption rights as is required under Regulation 14A of the Exchange Act, which regulates the solicitation of proxies. |
|--|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | conduct the redemptions in conjunction with a proxy solicitation pursuant to Regulation 14A of the Exchange Act, which regulates the solicitation of proxies, and not pursuant to the tender offer rules; and |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | file proxy materials with the SEC. |
|--|---------|------------------------------------|

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|  | • | prior to the consummation of our initial business combination, we shall either: (1) seek stockholder approval of our initial business combination at a meeting called for such purpose at which stockholders may                seek to redeem their shares, without voting, and, if they do vote, independent of whether they vote for or against the proposed business combination, into their pro rata share of the aggregate amount then on deposit in the trust account,                including interest (which interest shall be net of taxes payable); or (2) provide our public stockholders with the opportunity to tender their shares to us by means of a tender offer (and thereby avoid the need for a stockholder vote) for                an amount equal to their pro rata share of the aggregate amount then on deposit in the trust account, including interest (which interest shall be net of taxes payable), in each case subject to the limitations described herein; |
|--|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | we will consummate our initial business combination only if we have net tangible assets of at least $5,000,001 upon consummation of our initial business combination and after payment of the deferred                underwriting commission, and, solely if we seek stockholder approval, a majority of the outstanding shares of common stock voted are voted in favor of the business combination at a duly held stockholders meeting; |
|--|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | if our initial business combination is not consummated within 18 months from the closing of our IPO, or up to 21 months from the closing of our IPO at the election of the Company, subject to certain                conditions, including the deposit of $1,924,693.10 (or $0.10 per unit) into the trust account, then our existence will terminate and we will distribute all amounts in the trust account; and |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | prior to our initial business combination, we may not issue additional shares of capital stock that would entitle the holders thereof to (1) receive funds from the trust account or (2) vote as a class with                our public shares (a) on any initial business combination or (b) to approve an amendment to our amended and restated certificate of incorporation to (x) extend the time we have to consummate a business combination beyond 18 months from the                closing of our IPO or up to 21 months from the closing of our IPO at the election of the Company, subject to certain conditions, including the deposit of $1,924,693.10 (or $0.10 per unit) into the trust account, or (y) amend the foregoing                provisions. |
|--|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                            | ​ | Redemptions in connection with our initial business combination                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | ​ | ​ | Other permitted purchases of public shares by our affiliates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | ​ | ​ | Redemptions if we fail to complete an initial business combination                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|---------------------------------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Calculation of redemption price | ​ | Redemptions at the time of our initial business combination may be made pursuant to a tender offer or in connection with a stockholder vote. The redemption price will be the same whether we conduct                redemptions pursuant to a tender offer or in connection with a stockholder vote. In either case, our public stockholders may redeem their public shares for cash equal to the aggregate amount then on deposit in the trust account, as of two                business days prior to the consummation of the initial business combination (which is initially anticipated to be $10.25 per share), including interest earned on the funds held in the trust account (net of taxes payable), divided by | ​ | ​ | If we seek stockholder approval of our initial business combination, our sponsor, directors, officers, advisors or any of their affiliates may purchase shares in privately negotiated transactions or in the                open market either prior to or following the completion of our initial business combination. Such purchases will be restricted except to the extent such purchases are able to be made in compliance with Rule 10b-18, which is a safe harbor                from liability for manipulation under Section 9(a)(2) and Rule 10b-5 of the Exchange Act. None of the funds in the trust account will be used to purchase shares in such transactions. | ​ | ​ | If we have not completed our initial business combination within 18 months from the closing of our IPO or up to 21 months from the closing of our IPO at the election of the Company, subject to certain                conditions, including the deposit of $1,924,693.10 (or $0.10 per unit) into the trust account, we will redeem all public shares at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account (which                is initially anticipated to be $10.25 per share), including interest earned on the funds held in the trust account (net of taxes payable and less up to $100,000 of interest to pay dissolution expenses), divided by the number of then                outstanding public |

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|                             | ​ | the number of then outstanding public shares, subject to the limitation that we will only redeem public shares so long as (after such redemptions) our net tangible assets will be at least $5,000,001, either                prior to or upon consummation of an initial business combination, after payment of the deferred underwriting commission, and any limitations (including but not limited to cash requirements) agreed to in connection with the negotiation of                terms of a proposed business combination. | ​ | ​ |                                                                                                                                                           | ​ | ​ | shares.                                                                                                                                                                                                                                                              |
|----------------------------------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                             | ​ |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | ​ | ​ |                                                                                                                                                           | ​ | ​ |                                                                                                                                                                                                                                                                 |
| Impact to remaining stockholders | ​ | The redemptions in connection with our initial business combination will reduce the book value per share for our remaining stockholders, who will bear the burden of the deferred underwriting commissions and                interest withdrawn in order to pay taxes (to the extent not paid from amounts accrued as interest on the funds held in the trust account).                                                                                                                                                             | ​ | ​ | If the permitted purchases described above are made, there will be no impact to our remaining stockholders because the purchase price would not be paid by us. | ​ | ​ | The redemption of our public shares if we fail to complete our initial business combination will reduce the book value per share for the shares held by our initial stockholders, who will be our only remaining                stockholders after such redemptions. |

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| Item 1A. | Risk Factors. |
|----------|---------------|
|   | • | We are a newly incorporated blank check company with no operating history and no revenues, and you have no basis on which to evaluate our ability to achieve our business objective. |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | Past performance our management team or their respective affiliates may not be indicative of future performance of an investment in us. |
|--|---------|-----------------------------------------------------------------------------------------------------------------------------------------|
|  | • | Our public stockholders may not be afforded an opportunity to vote on our proposed initial business combination, which means we may complete our initial business combination even though a majority of our                public stockholders do not support such a combination. |
|--|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | Your only opportunity to affect the investment decision regarding a potential business combination will be limited to the exercise of your right to redeem your shares from us for cash, unless we seek                stockholder approval of such business combination. |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | If we seek stockholder approval of our initial business combination, our sponsor has agreed to vote in favor of such initial business combination, regardless of how our public stockholders vote. |
|--|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | The ability of our public stockholders to redeem their shares for cash may make our financial condition unattractive to potential business combination targets, which may make it difficult for us to enter into                a business combination with a target. |
|--|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | The ability of our public stockholders to exercise redemption rights with respect to a large number of our shares may not allow us to complete the most desirable business combination or optimize our capital                structure. |
|--|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | The requirement that we complete our initial business combination within the prescribed time frame may give potential target businesses leverage over us in negotiating a business combination and may limit the                time we have in which to conduct due diligence on potential business combination targets, in particular as we approach our dissolution deadline, which could undermine our ability to complete our initial business combination on terms that                would produce value for our stockholders. |
|--|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | Our ability to extend the term we have to consummate our initial business combination to up to 21 months from the closing of our IPO will not provide our public stockholders with a corresponding vote or                redemption right. |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | Our search for a business combination, and any target business with which we ultimately consummate a business combination, may be materially adversely affected by COVID-19 outbreak or any future pandemic and                the status of debt and equity markets. |
|--|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | As the number of special purpose acquisition companies evaluating targets increases, attractive targets may become scarcer and there may be more competition for attractive targets. This could increase the                cost of our initial business combination and could result in our inability to find a target or to consummate an initial business combination. |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | If we seek stockholder approval of our initial business combination, our sponsor, directors, officers, advisors or any of their affiliates may elect to purchase shares or warrants from public stockholders,                which may influence a vote on a proposed business combination and reduce the public “float” of our Class A common stock. |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | If a stockholder fails to receive notice of our offer to redeem our public shares in connection with our initial business combination, or fails to comply with the procedures for tendering its shares, such                shares may not be redeemed. |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | You will not have any rights or interests in funds from the trust account, except under certain limited circumstances. To liquidate your investment, therefore, you may be forced to sell your public shares or                warrants, potentially at a loss. |
|--|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | The NYSE may delist our securities from trading on its exchange, which could limit investors’ ability to make transactions in our securities and subject us to additional trading restrictions. |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | You will not be entitled to protections normally afforded to investors of many other blank check companies. |
|--|---------|-------------------------------------------------------------------------------------------------------------|
|  | • | If third parties bring claims against us, the proceeds held in the trust account could be reduced and the per share redemption amount received by stockholders may be less than $10.25 per share. |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | • | Because of our limited resources and the significant competition for business combination opportunities, it may be more difficult for us to complete our initial business combination. If we have not completed                our initial business combination within the required time period, our public stockholders may receive only approximately $10.25 per share, or less in certain circumstances, on our redemption of their stock, and our warrants will expire                worthless. |
|--|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | If the net proceeds of our IPO and the sale of the private placement warrants not being held in the trust account are insufficient to allow us to operate for the 18 months following the closing of our IPO                (plus any additional Extension Period), it could limit the amount available to fund our search for a target business or businesses and our ability to complete our initial business combination, and we will depend on loans from our sponsor,                its affiliates or members of our management team to fund our search and to complete our initial business combination. |
|--|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | We may engage in a business combination with one or more target businesses that have relationships with entities that may be affiliated with our sponsor, officers or directors which may raise potential                conflicts of interest. |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | • | may significantly dilute the equity interest of existing investors, which dilution would increase if the anti-dilution provisions in the founder shares resulted in the issuance of shares of Class A common                stock on a greater than one-to-one basis upon conversion of the founder shares; |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | may subordinate the rights of holders of common stock if preferred stock is issued with rights senior to those afforded our common stock; |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | could cause a change in control if a substantial number of common stock is issued, which may affect, among other things, our ability to use our net operating loss carry forwards, if any, and could result in                the resignation or removal of our present officers and directors; |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | may have the effect of delaying or preventing a change of control of us by diluting the stock ownership or voting rights of a person seeking to obtain control of us; |
|--|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | may adversely affect prevailing market prices for our units, Class A common stock and/or warrants; and |
|--|---------|--------------------------------------------------------------------------------------------------------|
|  | • | may not result in adjustment to the exercise price of our warrants. |
|--|---------|---------------------------------------------------------------------|

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|  | • | default and foreclosure on our assets if our operating revenues after an initial business combination are insufficient to repay our debt obligations; |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | acceleration of our obligations to repay the indebtedness even if we make all principal and interest payments when due if we breach certain covenants that require the maintenance of certain financial ratios                or reserves without a waiver or renegotiation of that covenant; |
|--|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | our immediate payment of all principal and accrued interest, if any, if the debt is payable on demand; |
|--|---------|--------------------------------------------------------------------------------------------------------|
|  | • | our inability to obtain necessary additional financing if the debt contains covenants restricting our ability to obtain such financing while the debt is outstanding; |
|--|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | our inability to pay dividends on our common stock; |
|--|---------|-----------------------------------------------------|
|  | • | using a substantial portion of our cash flow to pay principal and interest on our debt, which will reduce the funds available for dividends on our common stock if declared, expenses, capital expenditures,                acquisitions and other general corporate purposes; |
|--|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | limitations on our flexibility in planning for and reacting to changes in our business and in the industry in which we operate; |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------|
|  | • | increased vulnerability to adverse changes in general economic, industry and competitive conditions and adverse changes in government regulation; and |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | limitations on our ability to borrow additional amounts for expenses, capital expenditures, acquisitions, debt service requirements, execution of our strategy and other                    purposes and other disadvantages compared to our competitors who have less debt. |
|--|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | solely dependent upon the performance of a single business, property or asset; or |
|--|---------|-----------------------------------------------------------------------------------|
|  | • | dependent upon the development or market acceptance of a single or limited number of products, processes or services. |
|--|---------|-----------------------------------------------------------------------------------------------------------------------|

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|  | • | restrictions on the nature of our investments; and |
|--|---------|----------------------------------------------------|
|  | • | restrictions on the issuance of securities; |
|--|---------|---------------------------------------------|
|  | • | each of which may make it difficult for us to complete our initial business combination. |
|--|---------|------------------------------------------------------------------------------------------|
|  | • | In addition, we may have imposed upon us burdensome requirements, including: |
|--|---------|------------------------------------------------------------------------------|
|  | • | registration as an investment company with the SEC; |
|--|---------|-----------------------------------------------------|
|  | • | adoption of a specific form of corporate structure; and |
|--|---------|---------------------------------------------------------|
|  | • | reporting, record keeping, voting, proxy and disclosure requirements and compliance with other rules and regulations that we are currently not subject to. |
|--|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | • | a limited availability of market quotations for our securities; |
|--|---------|-----------------------------------------------------------------|
|  | • | reduced liquidity for our securities; |
|--|---------|---------------------------------------|
|  | • | a determination that our Class A common stock is a “penny stock” which will require brokers trading in our Class A common stock to adhere to more stringent rules and possibly result in a reduced level of                trading activity in the secondary trading market for our securities; |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | a limited amount of news and analyst coverage; and |
|--|---------|----------------------------------------------------|
|  | • | a decreased ability to issue additional securities or obtain additional financing in the future. |
|--|---------|--------------------------------------------------------------------------------------------------|

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|  | • | we have a board that includes a majority of “independent directors,” as defined under the rules of the NYSE; |
|--|---------|--------------------------------------------------------------------------------------------------------------------------|
|  | • | we have a compensation committee of our board that is comprised entirely of independent directors with a written charter addressing the committee’s purpose and responsibilities; and |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | we have a nominating and corporate governance committee of our board that is comprised entirely of independent directors with a written charter addressing the committee’s purpose and responsibilities. |
|--|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | • | costs and difficulties inherent in managing cross-border business operations and complying with commercial and legal requirements of overseas markets; |
|--|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | rules and regulations regarding currency redemption; |
|--|---------|------------------------------------------------------|
|  | • | complex corporate withholding taxes on individuals; |
|--|---------|-----------------------------------------------------|
|  | • | laws governing the manner in which future business combinations may be effected; |
|--|---------|----------------------------------------------------------------------------------|
|  | • | tariffs and trade barriers; |
|--|---------|-----------------------------|
|  | • | regulations related to customs and import/export matters; |
|--|---------|-----------------------------------------------------------|
|  | • | longer payment cycles; |
|--|---------|------------------------|
|  | • | changes in local regulations as part of a response to the COVID-19 coronavirus outbreak; |
|--|---------|------------------------------------------------------------------------------------------|
|  | • | tax consequences, such as tax law changes, including termination or reduction of tax and other incentives that the applicable government provides to domestic companies, and variations in tax laws as compared                to the United States; |
|--|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | currency fluctuations and exchange controls; |
|--|---------|----------------------------------------------|
|  | • | rates of inflation; |
|--|---------|---------------------|
|  | • | challenges in collecting accounts receivable; |
|--|---------|-----------------------------------------------|

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|  | • | cultural and language differences; |
|--|---------|------------------------------------|
|  | • | employment regulations; |
|--|---------|-------------------------|
|  | • | crime, strikes, riots, civil disturbances, terrorist attacks, natural disasters and wars; |
|--|---------|-------------------------------------------------------------------------------------------|
|  | • | deterioration of political relations with the United States; |
|--|---------|--------------------------------------------------------------|
|  | • | obligatory military service by personnel; and |
|--|---------|-----------------------------------------------|
|  | • | government appropriation of assets. |
|--|---------|-------------------------------------|

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| Item 1B. | Unresolved Staff Comments. |
|----------|----------------------------|
| Item 2. | Properties. |
|---------|-------------|
| Item 3. | Legal Proceedings. |
|---------|--------------------|
| Item 4. | Mine Safety Disclosures. |
|---------|--------------------------|

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| Item 5. | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. |
|---------|---------------------------------------------------------------------------------------------------------------------|

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| Item 6. | [Reserved] |
|---------|------------|
| Item 7. | Management’s Discussion and Analysis of Financial Condition and Results of Operations. |
|---------|----------------------------------------------------------------------------------------------|
| • | may significantly dilute the equity interest of our existing investors, which dilution would increase if the anti-dilution provisions in the founder shares resulted in the issuance of shares of Class A common                stock on a greater than one-to-one basis upon conversion of the founder shares; |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | may subordinate the rights of holders of our common stock if preferred stock is issued with rights senior to those afforded our common stock; |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------|
| • | could cause a change in control if a substantial number of shares of our common stock is issued, which may affect, among other things, our ability to use our net operating loss carry forwards, if any, and                could result in the resignation or removal of our present officers and directors; |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | may have the effect of delaying or preventing a change of control of us by diluting the stock ownership or voting rights of a person seeking to obtain control of us; |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | may adversely affect prevailing market prices for our units, Class A common stock and/or warrants; and |
|---------|--------------------------------------------------------------------------------------------------------|

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| • | may not result in adjustment to the exercise price of our warrants. |
|---------|---------------------------------------------------------------------|
| • | default and foreclosure on our assets if our operating revenues after an initial business combination are insufficient to repay our debt obligations; |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | acceleration of our obligations to repay the indebtedness even if we make all principal and interest payments when due if we breach certain covenants that require the maintenance of certain financial ratios                or reserves without a waiver or renegotiation of that covenant; |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | our immediate payment of all principal and accrued interest, if any, if the debt is payable on demand; |
|---------|--------------------------------------------------------------------------------------------------------|
| • | our inability to obtain necessary additional financing if the debt contains covenants restricting our ability to obtain such financing while the debt is outstanding; |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | our inability to pay dividends on our common stock; |
|---------|-----------------------------------------------------|
| • | using a substantial portion of our cash flow to pay principal and interest on our debt, which will reduce the funds available for dividends on our common stock if declared, expenses, capital expenditures,                acquisitions and other general corporate purposes; |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | limitations on our flexibility in planning for and reacting to changes in our business and in the industry in which we operate; |
|---------|---------------------------------------------------------------------------------------------------------------------------------|
| • | increased vulnerability to adverse changes in general economic, industry and competitive conditions and adverse changes in government regulation; and |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | limitations on our ability to borrow additional amounts for expenses, capital expenditures, acquisitions, debt service requirements, execution of our strategy and other purposes and other disadvantages                compared to our competitors who have less debt. |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Item 7A. | Quantitative and Qualitative Disclosures About Market Risk |
|----------|------------------------------------------------------------|
| Item 8. | Financial Statements and Supplementary Data |
|---------|---------------------------------------------|

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| Item 9. | Changes in and Disagreements With Accountants on Accounting and Financial Disclosure |
|---------|--------------------------------------------------------------------------------------|
| Item 9A. | Controls and Procedures. |
|----------|--------------------------|
| Item 9B. | Other Information. |
|----------|--------------------|
| Item 9C. | Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. |
|----------|----------------------------------------------------------------------|

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| Item 10. | Directors, Executive Officers and Corporate Governance. |
|----------|---------------------------------------------------------|
| Name                   | ​ | ​ | Age | ​ | ​ | Title                                |
|------------------------|---------|---------|-----|---------|---------|--------------------------------------|
| Robert S. Prather, Jr. | ​ | ​ | 77  | ​ | ​ | Chief Executive Officer and Director |
| Shawn Pack             |    |    | 52  |    |    | Chief Financial Officer              |
| Salvatore Muoio        | ​ | ​ | 62  | ​ | ​ | Director                             |
| Steven T. Shapiro      | ​ | ​ | 54  | ​ | ​ | Director                             |
| Alan J. Weber          | ​ | ​ | 73  | ​ | ​ | Director                             |
| John Zieser            | ​ | ​ | 62  | ​ | ​ | Director                             |

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|  | • | assisting board oversight of (1) the integrity of our financial statements, (2) our compliance with legal and regulatory requirements, (3) our independent registered public accounting firm’s qualifications                and independence, and (4) the performance of our internal audit function and independent registered public accounting firm; |
|--|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | the appointment, compensation, retention, replacement, and oversight of the work of the independent registered public accounting firm and any other independent registered public accounting firm engaged by us; |
|--|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | pre-approving all audit and non-audit services to be provided by the independent registered public accounting firm or any other registered public accounting firm engaged by us, and establishing pre-approval                policies and procedures; |
|--|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | reviewing and discussing with the independent registered public accounting firm all relationships the auditors have with us in order to evaluate their continued independence; |
|--|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | setting clear hiring policies for employees or former employees of the independent registered public accounting firm; |
|--|---------|-----------------------------------------------------------------------------------------------------------------------|
|  | • | setting clear policies for audit partner rotation in compliance with applicable laws and regulations; |
|--|---------|-------------------------------------------------------------------------------------------------------|
|  | • | obtaining and reviewing a report, at least annually, from the independent registered public accounting firm describing (1) the independent auditor’s internal quality-control procedures and (2) any material                issues raised by the most recent internal quality-control review, or peer review, of the audit firm, or by any inquiry or investigation by governmental or professional authorities, within the preceding five years respecting one or more                independent audits carried out by the firm and any steps taken to deal with such issues; |
|--|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | meeting to review and discuss our annual audited financial statements and quarterly financial statements with management and the independent registered public accounting firm, including reviewing our specific                disclosures under “Management’s Discussion and Analysis of Financial Condition and Results of Operations”; |
|--|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | reviewing and approving any related party transaction required to be disclosed pursuant to Item 404 of Regulation S-K promulgated by the SEC prior to us entering into such transaction; and |
|--|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | reviewing with management, the independent registered public accounting firm, and our legal advisors, as appropriate, any legal, regulatory or compliance matters, including any correspondence with regulators                or government agencies and any employee complaints or published reports that raise material issues regarding our financial statements or accounting policies and any significant changes in accounting standards or rules promulgated by the                Financial Accounting Standards Board, the SEC or other regulatory authorities. |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | • | reviewing and approving on an annual basis the corporate goals and objectives relevant to our Chief Executive Officer’s compensation, evaluating our Chief Executive Officer’s performance in light of such                goals and objectives and determining and approving the remuneration (if any) of our Chief Executive Officer based on such evaluation; |
|--|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | reviewing and making recommendations to our board of directors with respect to the compensation, and any incentive-compensation and equity-based plans that are subject to board approval of all of our other                officers; |
|--|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | reviewing our executive compensation policies and plans; |
|--|---------|----------------------------------------------------------|
|  | • | implementing and administering our incentive compensation equity-based remuneration plans; |
|--|---------|--------------------------------------------------------------------------------------------|
|  | • | assisting management in complying with our proxy statement and annual report disclosure requirements; |
|--|---------|-------------------------------------------------------------------------------------------------------|
|  | • | approving all special perquisites, special cash payments and other special compensation and benefit arrangements for our officers and employees; |
|--|---------|--------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | producing a report on executive compensation to be included in our annual proxy statement; and |
|--|---------|------------------------------------------------------------------------------------------------|
|  | • | reviewing, evaluating and recommending changes, if appropriate, to the remuneration for directors. |
|--|---------|----------------------------------------------------------------------------------------------------|
|  | • | identifying, screening and reviewing individuals qualified to serve as directors, consistent with criteria approved by the board of directors, and recommending to the board of directors candidates for                nomination for election at the annual stockholder meeting or to fill vacancies on the board of directors; |
|--|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | developing and recommending to the board of directors and overseeing implementation of our corporate governance guidelines; |
|--|---------|-----------------------------------------------------------------------------------------------------------------------------|
|  | • | coordinating and overseeing the annual self-evaluation of the board of directors, its committees, individual directors and management in the governance of the company; and |
|--|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | reviewing on a regular basis our overall corporate governance and recommending improvements as and when necessary. |
|--|---------|--------------------------------------------------------------------------------------------------------------------|

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|  | • | the corporation could financially undertake the opportunity; |
|--|---------|--------------------------------------------------------------|
|  | • | the opportunity is within the corporation’s line of business; and |
|--|---------|-------------------------------------------------------------------------|
|  | • | it would not be fair to the corporation and its stockholders for the opportunity not to be brought to the attention of the corporation. |
|--|---------|-----------------------------------------------------------------------------------------------------------------------------------------|

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| Name of Individual                 | ​ | Entity Name                           | ​               | ​ | Entity’s business                     | ​  | ​ | Affiliation                                    |
|------------------------------------|---------|---------------------------------------|-----------------------|---------|---------------------------------------------|----------|---------|------------------------------------------------|
| Robert S. Prather Jr.              | ​ | Heartland Media, LLC                  | ​               | ​ | Media                                       | ​  | ​ | President and CEO                              |
| GAMCO Investors, Inc.              | ​ | ​                               | Investment management | ​ | ​                                     | Director |
| Ryman Hospitality Properties, Inc. | ​ | ​                               | Real estate           | ​ | ​                                     | Director |
|                               | ​ | Allen Media Broadcasting, LLC         | ​               | ​ | Media                                       | ​  | ​ | President and CEO                              |
| Shawn Pack                         | ​ | Heartland Media, LLCAETC, Inc. (WABE) | ​               | ​ | MediaMedia                                  | ​  | ​ | Chief Financial OfficerChief Financial Officer |
| Salvatore Muoio                    | ​ | S. Muoio & Co. LLC                | ​               | ​ | Investment management                       | ​  | ​ | Managing Member and Chief Investment Officer   |
| CIBL, Inc.                         | ​ | ​                               | Communications        | ​ | ​                                     | Director |
| LICT Corp.                         | ​ | ​                               | Communications        | ​ | ​                                     | Director |
| Steven T. Shapiro                  | ​ | GoldenTree Asset Management           | ​               | ​ | Investment management                       | ​  | ​ | Partner and Portfolio Manager                  |
| FS Credit Income Fund              | ​ | ​                               | Investment management | ​ | ​                                     | Director |
| Alan J. Weber                      | ​ | Weber Group LLCStreet Diligence, Inc. | ​               | ​ | Investment managementCommunications Fintech | ​  | ​ | Chief Executive OfficerDirector                |
| John Zieser                        | ​ | IPC Media Pension Trustee Limited     | ​               | ​ | Pension fund                                |          |         | Director                                       |
|                               |    | JSZ Holdings, LLC                     |                  |    | Private Equity and Venture Capital          |     |    | Founder                                        |
|  | • | None of our officers or directors is required to commit his or her full time to our affairs and, accordingly, may have conflicts of interest in allocating his or her time among various business activities. We                do not intend to have any full-time employees prior to the completion of our initial business combination. In addition, our officers and directors are engaged in several other business endeavors for which they may be entitled to substantial                compensation and are not required to contribute any specific number of hours per week to our affairs. |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | In the course of their other business activities, our officers and directors may become aware of investment and business opportunities that may be appropriate for presentation to us as well as the other                entities with which they are affiliated, including other blank check companies similar to ours during the period in which we are seeking an initial business combination, which may have acquisition objectives that are similar to ours. Our                management may have conflicts of interest in determining to which entity a particular business opportunity should be presented. |
|--|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | Our sponsor subscribed for founder shares prior to our IPO and purchased private placement warrants in a transaction that closed simultaneously with the closing of our IPO. |
|--|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | • | Our initial stockholders have agreed to waive their redemption rights with respect to their founder shares and any public shares held by them in connection with the consummation of our initial business                combination. Our other directors and officers have also entered into the letter agreement, which imposes the same obligations on them with respect to any public shares acquired by them. Additionally, our initial stockholders have agreed to                waive their redemption rights with respect to their founder shares if we fail to consummate our initial business combination within 18 months after the closing of our IPO or during any Extension Period. However, if our initial stockholders                or any of our officers, directors or affiliates acquire public shares, they will be entitled to liquidating distributions from the trust account with respect to such public shares if we fail to consummate our initial business combination                within the prescribed time frame. If we do not complete our initial business combination within such applicable time period, the proceeds of the sale of the private placement warrants held in the trust account will be used to fund the                redemption of our public shares, and the private placement warrants will expire worthless. With certain limited exceptions, the founder shares will not be transferable, assignable or salable by our initial stockholders until the earlier of                (1) one year after the completion of our initial business combination and (2) the date on which we consummate a liquidation, merger, capital stock exchange, reorganization, or other similar transaction after our initial business combination                that results in all of our stockholders having the right to exchange their shares of common stock for cash, securities or other property. Notwithstanding the foregoing, if the last reported sale price of our Class A common stock equals or                exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after our initial business                combination, the founder shares will be released from the lock-up. With certain limited exceptions, the private placement warrants and the shares of common stock underlying such warrants, will not be transferable, assignable or salable by                our sponsor until 30 days after the completion of our initial business combination. Since our sponsor and officers and directors may directly or indirectly own shares of Class A common stock and warrants, our officers and directors may have                a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate our initial business combination. |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | Our key personnel may negotiate employment or consulting agreements with a target business in connection with a particular business combination. These agreements may provide for them to receive compensation                following our initial business combination and as a result, may cause them to have conflicts of interest in determining whether to proceed with a particular business combination. Although we believe the ability of such individuals to remain                with us after the completion of our initial business combination will not be the determining factor in our decision as to whether or not we will proceed with any potential business combination, the personal and financial interests of such                individuals in negotiating such compensation may influence their motivation in identifying and selecting a target business |
|--|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | Our key personnel may have a conflict of interest with respect to evaluating a particular business combination if the retention or resignation of any such key personnel was included by a target business as a                condition to any agreement with respect to our initial business combination. |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | Our officers, directors and their respective affiliates may have competitive pecuniary interests that conflict with our interests. We have not adopted a policy that expressly prohibits our directors, officers                or affiliates from having a direct or indirect pecuniary or financial interest in any investment to be acquired or disposed of by us or in any transaction to which we are a party or have an interest. In fact, we may enter into a business                combination with a target business that is affiliated with our sponsor, our directors or officers. Nor do we have a policy that expressly prohibits any such persons from engaging for their own account in business activities of the types                conducted by us. |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Item 11. | Executive Compensation. |
|----------|-------------------------|

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| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. |
|----------|-------------------------------------------------------------------------------------------------|
|   | • | each person known by us to be the beneficial owner of more than 5% of our outstanding shares of common stock; |
|--------|---------|---------------------------------------------------------------------------------------------------------------|
|   | • | each of our executive officers and directors; and |
|--------|---------|---------------------------------------------------|
|   | • | all our executive officers and directors as a group. |
|--------|---------|------------------------------------------------------|
|                                                  |   | Class A Common Stock |      |   | Class B Common Stock                                               |    |
|-------------------------------------------------------|--------|----------------------|-----------|--------|--------------------------------------------------------------------|---------|
|                                                  |   | BeneficiallyOwned    |      |   | ApproximatePercentageof Issued andOutstanding Class A Common Stock |    |   | BeneficiallyOwned |   |   | ApproximatePercentageof Issued andOutstanding Class B Common Stock |   |
| Name and Address of Beneficial Owner (1)              |   |                 |      |   |                                                               |    |   |   |   |   |   |   |
| Heartland Sponsor LLC (2)                             |   | ─              |      |   | ─%                                                           |    |   | 4,811,732(2) |  |   | 100 | % |
| Robert S. Prather, Jr. (2)                            |   | ─              |      |   | ─%                                                           |    |   | 4,811,732(2) |  |   | 100 | % |
| Shawn Pack (3)                                        |   | ─              |      |   | ─%                                                           |    |   | ─ |   |   | ─% |   |
| Salvatore Muoio (3)                                   |   | ─              |      |   | ─%                                                           |    |   | ─ |   |   | ─% |   |
| Steven T. Shapiro (3)                                 |   | ─              |      |   | ─%                                                           |    |   | ─ |   |   | ─% |   |
| Alan Weber (3)                                        |   | ─              |      |   | ─%                                                           |    |   | ─ |   |   | ─% |   |
| John Zieser (3)                                       |   | ─              |      |   | ─%                                                           |    |   | ─ |   |   | ─% |   |
| Other 5% Beneficial Owners                            |   |                 |      |   |                                                               |    |   |   |   |   |   |   |
| Apollo Management (4)                                 |   |                 | 1,700,000 |   |                                                               | 8.8     | % |   | ─ |   |   | ─% |   |
| Sculptor Capital (5)                                  |   |                 | 1,195,901 |   |                                                               | 6.2     | % |   | ─ |   |   | ─% |   |
| Linden Advisors (6)                                   |   |                 | 1,000,000 |   |                                                               | 5.2     | % |   | ─ |   |   | ─% |   |
| All directors and officers as a group (6 individuals) |   |                 | —   |   |                                                               | — |   |   | 4,811,732 |   |   | 100 | % |

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|   | * | Less than one percent. |
|--------|---|------------------------|
|   | (1) | Unless otherwise noted, the business address of each of our stockholders is c/o Heartland Media Acquisition Corp., 3282 Northside Pkwy, Suite 275, Atlanta, GA 30327. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | (2) | Represents shares held by our sponsor. Each of our officers and directors is a member of our sponsor. The shares held by our sponsor are beneficially owned by Mr. Prather, our Chief Executive Officer and the managing member of our                sponsor, who has voting and dispositive power over the shares held by our sponsor. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | (3) | Does not include any shares held by our sponsor. This individual is a member of our sponsor, as described in footnote 2. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------|
|   | (4) | Based solely upon the Schedule 13G filed by Apollo Management Holdings GP, LLC and certain other reporting persons filing therewith (collectively, “Apollo”) on February 1, 2022. The address of                Apollo is 9 W. 57th Street, 43rd Floor, New York, New York 10019. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (5) | Based solely upon the Schedule 13G filed by Sculptor Capital LP and certain other reporting persons filing therewith (collectively, “Sculptor”) on January 28, 2022. The address of Sculptor is                  9 W. 57th Street, 39th Floor, New York, New York 10019. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | (6) | Based solely upon the Schedule 13G filed by Linden Advisors LP and certain other reporting persons filing therewith (collectively “Linden”) on January 28, 2022. The address of Linden is 590 Madison Avenue, 15th Floor, New                  York, New York 10022. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Item 13. | Certain Relationships and Related Transactions, and Director Independence. |
|----------|----------------------------------------------------------------------------|

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|  | • | Reimbursement for any out-of-pocket expenses related to identifying, investigating and completing an initial business combination; and |
|--|---------|----------------------------------------------------------------------------------------------------------------------------------------|
|  | • | Repayment of loans which may be made by our sponsor or an affiliate of our sponsor or certain of our officers and directors to fund working capital deficiencies or finance transaction costs in connection with                an intended initial business combination, the terms of which have not been determined nor have any written agreements been executed with respect thereto. Up to $1,500,000 of such loans may be convertible into warrants at a price of $1.00                per warrant at the option of the lender. |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Item 14. | Principal Accounting Fees and Services. |
|----------|-----------------------------------------|

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| Item 15. | Exhibits, Financial Statement Schedules. |
|----------|------------------------------------------|

| (a) | The following documents are filed as part of this annual report on Form 10-K: |
|-----|-------------------------------------------------------------------------------|

|  | 1. | Financial Statements: See “Index to Financial Statements” in the accompanying financial statements. |
|--|----|-----------------------------------------------------------------------------------------------------------------|

| (b) | Financial Statement Schedules. All schedules are omitted for the reason that the information is included in the financial statements or the notes thereto or that they are not required or                  are not applicable. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | Exhibits: The following exhibits are filed with this report. Exhibits which are incorporated herein by reference can be obtained from the SEC’s website at sec.gov. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ExhibitNumber  |   | Description                                                                                                                                                                                                                                                                                                               |
|---------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                |   |                                                                                                                                                                                                                                                                                                                      |
| 1.1                 |   | Underwriting Agreement, dated January 20, 2022, by and among                    the Company and BofA Securities, Inc. and Moelis & Company LLC, as representatives of the several underwriters (incorporated by reference to Exhibit 1.1 of the Company’s Current Report on Form 8-K filed on January 25, 2022) |
| 3.1                 |   | Amended and Restated Certificate of Incorporation                      (incorporated by reference from Exhibit 3.1 of the Company’s Current Report on Form 8-K filed on January 25, 2022)                                                                                                                           |
| 3.2                 |   | Bylaws (incorporated by reference to Exhibit 3.3 of the                      Company’s Registration Statement on Form S-1 (File No. 333-261374) initially filed on November 26, 2021)                                                                                                                               |
| 4.1                 |   | Specimen Unit Certificate (incorporated by reference to                      Exhibit 4.1 of the Company’s Registration Statement on Form S-1 (File No. 333-261374) initially filed on November 26, 2021)                                                                                                            |
| 4.2                 |   | Specimen Class A Common Stock Certificate (incorporated by                      reference to Exhibit 4.2 of the Company’s Registration Statement on Form S-1 (File No. 333-261374) initially filed on November 26, 2021)                                                                                       |
| 4.3                 |   | Specimen Warrant Certificate (included in Exhibit 4.4)                      (incorporated by reference to Exhibit 4.3 of the Company’s Registration Statement on Form S-1 (File No. 333-261374) initially filed on November 26, 2021)                                                                          |
| 4.4                 |   | Warrant Agreement, dated January 20, 2022, by and between the Company and Continental Stock Transfer & Trust Company, as warrant                    agent (incorporated by reference from Exhibit 4.1 of the Company’s Current Report on Form 8-K filed on January 25, 2022)                                    |
| 4.5*                |   | Description of the Company’s securities                                                                                                                                                                                                                                                                             |
| 10.1                |   | Letter Agreement, dated January 20, 2022, by and among the                      Company, its executive officers, its directors, Heartland Sponsor LLC and Moelis & Company LLC (incorporated by reference from Exhibit 10.1 of the Company’s Current Report on Form 8-K filed on January 25, 2022)              |
| 10.2                |   | Investment Management Trust Agreement, dated January 20,                    2022, by and between the Company and Continental Stock Transfer & Trust Company, as trustee (incorporated by reference from Exhibit 10.2 of the Company’s Current Report on Form 8-K filed on January 25, 2022)                     |
| 10.3                |   | Registration Rights Agreement, dated January 20, 2022, by and                    among the Company, Heartland Sponsor LLC and the other holders party thereto (incorporated by reference from Exhibit 10.3 of the Company’s Current Report on Form 8-K filed on January 25, 2022)                                   |
| 10.4                |   | Private Placement Warrants Purchase Agreement, dated January                    20, 2022, by and between the Company and Heartland Sponsor LLC (incorporated by reference from Exhibit 10.4 of the Company’s Current Report on Form 8-K filed on January 25, 2022)                                                  |
| 10.5                |   | Administrative Services Agreement, dated January 20, 2022,                      by and between the Company and Heartland Media, LLC  (incorporated by reference from Exhibit 10.5 of the Company’s Current Report on Form 8-K filed on January 25, 2022)                                                       |

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| 10.6   |   | Securities Subscription Agreement, dated March 3, 2021, by                      and between the Company and Heartland Sponsor LLC (incorporated by reference from Exhibit 10.5 of the Company’s Registration Statement on Form S-1 (File No. 333-261374) initially filed on November 26, 2021) |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.7   |   | Form of Indemnity Agreement (incorporated by reference from                      Exhibit 10.7 of the Company’s Registration Statement on Form S-1 (File No. 333-261374) initially filed on November 26, 2021)                                                                                       |
| 10.8   |   | Promissory Note, dated March 3, 2021, issued to Heartland                      Sponsor LLC (incorporated by reference from Exhibit 10.1 of the Company’s Registration Statement on Form S-1 (File No. 333-261374) initially filed on November 26, 2021)                                             |
| 10.9   |   | Amendment to Promissory Note, dated January 14, 2022,                      issued to Heartland Sponsor LLC (incorporated by reference from Exhibit 10.10 of the Company’s Registration Statement on Form S-1 (File No. 333-261374) initially filed on November 26, 2021)                       |
| 10.10  |   | Share Forfeiture Notice, dated October 27, 2021 (incorporated                      by reference from Exhibit 10.9 of the Company’s Registration Statement on Form S-1 (File No. 333-261374) initially filed on November 26, 2021)                                                                   |
| 10.11  |   | Share Forfeiture Notice, dated January 14, 2022                      (incorporated by reference from Exhibit 10.11 of the Company’s Registration Statement on Form S-1 (File No. 333-261374) initially filed on November 26, 2021)                                                                  |
| 24*    |   | Power of Attorney (included on signature page of this annual report)                                                                                                                                                                                                                                 |
| 31.1*  |   | Certification of Principal Executive Officer pursuant to                    Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                             |
| 31.2*  |   | Certification of Principal Financial Officer pursuant to                    Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                             |
| 32.1** |   | Certification of Principal Executive Officer pursuant to                    18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                                                                                        |
| 32.2** |   | Certification of Principal Financial Officer pursuant to                    18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                                                                                        |

| * | Filed herewith. |
|---|-----------------|

|  |  |
|--|--|

| ** | Furnished. |
|----|------------|
| Item 16. | Form 10-K Summary. |
|----------|--------------------|

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|   | HEARTLAND MEDIA ACQUISITION CORP. |
|--------|-----------------------------------|
|   |                              |
|   | By:                               | /s/ Robert S. Prather, Jr. |
|   |                              | Name: Robert S. Prather, Jr. |
|   |                              | Title: Chief Executive Officer |
| Name                       |   | Position                                     |   | Date           |
|----------------------------|--------|----------------------------------------------|--------|----------------|
|                       |   |                                         |   |           |
| /s/ Robert S. Prather, Jr. |   | Chief Executive Officer and Director         |   | March 31, 2022 |
| Robert S. Prather, Jr.     |   | (Principal executive officer)                |   |           |
|                       |   |                                         |   |           |
| /s/ Shawn Pack             |   | Chief Financial Officer                      |   | March 31, 2022 |
| Shawn Pack                 |   | (Principal financial and accounting officer) |   |           |
|                       |   |                                         |   |           |
| /s/ Salvatore Muoio        |   | Director                                     |   | March 31, 2022 |
| Salvatore Muoio            |   |                                         |   |           |
|                       |   |                                         |   |           |
| /s/ Steven T. Shapiro      |   | Director                                     |   | March 31, 2022 |
| Steven T. Shapiro          |   |                                         |   |           |
|                       |   |                                         |   |           |
| /s/ Alan J. Weber          |   | Director                                     |   | March 31, 2022 |
| Alan J. Weber              |   |                                         |   |           |
|                       |   |                                         |   |           |
| /s/ John Zieser            |   | Director                                     |   | March 31, 2022 |
| John Zieser                |   |                                         |   |           |

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| Report of Independent Registered Public Accounting Firm (PCAOB Firm ID Number 688) | F-2    |
|------------------------------------------------------------------------------------|--------|
| Financial Statements:                                                              |   |
| Balance Sheet                                                                      | F-3    |
| Statement of Operations                                                            | F-4    |
| Statement of Changes in Stockholder’s Equity                                 | F-5    |
| Statement of Cash Flows                                                            | F-6    |
| Notes to Financial Statements                                                      | F-7    |

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| Assets                                                                                                             |   |     |    |
|--------------------------------------------------------------------------------------------------------------------|--------|----------|---------|
| Current assets:                                                                                                    |   |     |    |
| Cash                                                                                                               |   | $        | 25,722  |   |
| Prepaid expenses                                                                                                   |   |     | 26,800  |   |
| Total current assets                                                                                               |   |     | 52,522  |   |
| Deferred offering costs                                                                                            |   |     | 719,111 |   |
| Total Assets                                                                                                       |   | $        | 771,633 |   |
|                                                                                                               |   |     |    |  |
| Liabilities and Stockholder’s Equity                                                                         |   |     |    |   |
| Current liabilities:                                                                                               |   |     |    |   |
| Accrued offering costs and expenses                                                                                |   | $        | 674,229 |   |
| Promissory note – related party                                                                              |   |     | 86,414  |   |
| Total current liabilities                                                                                          |   |     | 760,643 |   |
|                                                                                                               |   |     |    |  |
| Commitments and Contingencies (Note 6)                                                                             |   |     |    |   |
|                                                                                                               |   |     |    |  |
| Stockholder’s Equity                                                                                         |   |   |    |
| Preferred stock, $0.0001 par value, 2,500,000 shares authorized; no shares issued or outstanding                   |   |     | -       |   |
| Class A common stock, $0.0001 par value; 250,000,000 shares authorized; none issued and outstanding                |   |     | -       |   |
| Class B common stock, $0.0001 par value; 25,000,000 shares authorized; 5,031,250 shares issued and outstanding (1) |   |     | 503     |   |
| Additional paid-in capital                                                                                         |   |     | 24,497  |   |
| Accumulated deficit                                                                                                |   |     | (14,010 | ) |
| Total stockholder’s equity                                                                                   |   |     | 10,990  |   |
| Total Liabilities and Stockholder’s Equity                                                                   |   | $        | 771,633 |   |
| (1) | Includes up to 656,250 shares of Class B common stock subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters. As a result of the underwriters’ election to                partially exercise their over-allotment option on February 3, 2022, 436,732 shares of Class B common stock are no longer subject to forfeiture (See Note 5). |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Formation and operating costs                            | ​ | ​$ |   |   | 14,010    |   |
|----------------------------------------------------------|---------|----------|--------|--------|-----------|--------|
| Net loss                                                 | ​ | ​$ |   |   | (14,010   | )      |
| Basic and diluted weighted average shares outstanding(1) | ​ | ​  |   |   | 4,375,000 |   |
| Basic and diluted net loss per common stock              | ​ | ​$ |   |   | (0.00     | )      |
| (1) | Excludes up to 656,250 shares of Class B common stock subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters. As a result of the underwriters’ election to                partially exercise their over-allotment option on February 3, 2022, 436,732 shares of Class B common stock are no longer subject to forfeiture (See Note 5). |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ​                                     | ​ |   | Class BCommon Stock |    | ​​ | ​ |    |                AdditionalPaid-InCapital |                ​ |                ​ |    |                AccumulatedDeficit |                ​ |                ​ |    | Stockholder’sEquity |    |
|---------------------------------------------|---------|--------|---------------------|--------------|----------------|---------|--------------|----------------------------------------------|-----------------------------|-----------------------------|--------------|----------------------------------------|-----------------------------|-----------------------------|--------------|---------------------------|--------------|
| ​                                     | ​ |   | Shares(1)           | ​      | ​        |    | Amount       |
| Balance as of February 10, 2021 (inception) | ​ |   | —             | ​      | ​$       |    | —      |                                         | ​                     | ​$                    |         |                                   | —                     | ​                     | ​$     |                      |         | — | ​ | ​$ |   | — |   |
| Class B common stock issued to Sponsor      | ​ |   | 5,031,250           | ​      | ​        |    | 503          |                                         | ​                     | ​                     |         |                                   | 24,497                      | ​                     | ​      |                      |         | — | ​ | ​ |   | 25,000 |   |
| Net loss                                    | ​ |   | —             | ​      | ​        |    | —      |                                         | ​                     | ​                     |         |                                   | —                     | ​                     | ​      |                      |         | (14,010 | )​ | ​ |   | (14,010 | ) |
| Balance as of December 31, 2021             | ​ |   | 5,031,250           | ​      | ​$       |    | 503          |                                         | ​                     | ​$                    |         |                                   | 24,497                      | ​                     | ​$     |                      |         | (14,010 | ) | ​$ |   | 10,990 |   |
| (1) | Includes up to 656,250 shares of Class B common stock subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters. As a result of the underwriters’ election to                partially exercise their over-allotment option on February 3, 2022, 436,732 shares of Class B common stock are no longer subject to forfeiture (See Note 5). |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Cash flows from operating activities:                             |   |    |
|-------------------------------------------------------------------|--------|---------|
| Net loss                                                          | $      | (14,010 | ) |
| Changes in current assets and liabilities:                        |   |    |   |
| Prepaid expenses                                                  |   | (26,800 | ) |
| Accrued expenses                                                  |   | 40,532  |   |
| Net cash used in operating activities                             |   | (278    | ) |
| Cash flows from financing activities:                             |   |    |   |
| Proceeds from issuance of Class B common stock to Sponsor         |   | 25,000  |   |
| Proceeds from issuance of promissory note to related party        |   | 1,000   |   |
| Net cash provided by financing activities                         |   | 26,000  |   |
| Net change in cash                                                |   | 25,722  |   |
| Cash, beginning of the period                                     |   | — |   |
| Cash, end of the period                                           | $      | 25,722  |   |
| Supplemental disclosure of cash flow information:                 |   |    |   |
| Deferred offering costs paid by Sponsor under the promissory note | $      | 85,414  |   |
| Deferred offering costs in accrued offering costs and expenses    | $      | 633,697 |   |

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|  | • | Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; |
|--|---------|-----------------------------------------------------------------------------------------------------------------------|
|  | • | Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for                identical or similar instruments in markets that are not active; and |
|--|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which                one or more significant inputs or significant value drivers are unobservable. In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the                fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement. |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | • | in whole and not in part; |
|--------|---------|---------------------------|
|   | • | at a price of $0.01 per warrant; |
|--------|---------|----------------------------------|
|   | • | upon a minimum of 30 days’ prior written notice of redemption (the “30-day redemption period”); and |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------|
|   | • | if, and only if, the last reported sale price of the Class A common stock for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends                the notice of redemption to the warrant holders (the “Reference Value”) equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like and for certain issuances of Class A                common stock and equity-linked securities as described above). |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | • | in whole and not in part; |
|--------|---------|---------------------------|

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|   | • | at $0.10 per warrant upon a minimum of 30 days’ prior written notice of redemption, provided that holders will be able to exercise their warrants on a cashless basis prior to redemption and receive that                number of shares determined based on the redemption date and the “fair market value” of the Class A common stock (as defined above); |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | • | if, and only if, the Reference Value equals or exceeds $10.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like and for certain issuances of Class A                common stock and equity-linked securities as described above); and |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | • | if, and only if, the Reference Value is less than $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like and for certain issuances of Class A common                stock and equity-linked securities as described above), the Private Placement Warrants are also concurrently called for redemption on the same terms as the outstanding public warrants, as described above. |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                            |   | December 31, |    |
|---------------------------------|--------|--------------|---------|
|                            |   | 2021         |    |
| Deferred tax assets             |   |         |    |
| Net operating loss carryforward |   | $            | 2,703   |   |
| Startup costs                   |   |         | 239     |   |
| Total deferred tax assets       |   |         | 2,942   |   |
| Valuation allowance             |   |         | (2,942  | ) |
| Deferred tax assets             |   | $            | — |   |
|                          |   | December 31, |    |
|-------------------------------|--------|--------------|---------|
|                          |   | 2021         |    |
| Federal                       |   |         |    |
| Current                       |   | $            | — |   |
| Deferred                      |   |         | (2,942  | ) |
| State and Local               |   |         |    |   |
| Current                       |   |         | — |   |
| Deferred                      |   |         | — |   |
| Change in valuation allowance |   |         | 2,942   |   |
| Income tax provision          |   | $            | — |   |
|                              |   | December 31, 2021 |   |
|-----------------------------------|--------|------------------------|--------|
|                              |   |                   |   |
| Statutory federal income tax rate |   |                   | 21.0   | % |
| Valuation allowance               |   |                   | -21.0  | % |
| Income tax provision              |   |                   | 0.0    | % |

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