Allegro was incorporated in Delaware on August 7, 2017 as a blank check company whose objective is to acquire, through a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination, one or more businesses or entities. On July 6, 2018, Allegro consummated its initial public offering (“IPO”) of 14,950,000 units, each unit consisting of one share of common stock, one right convertible to 1/10 of a common share and one warrant to purchase one common share. Allegro announced the termination of its merger agreement with TGI Fridays on March 31, 2020, and liquidated its trust account shortly thereafter. Allegro remains current in its SEC filings and continues its search for an acquisition candidate.