Professional golfer Tiger Woods is a lead investor in Sports & Health Tech Acquisition, a so-called blank-cheque company looking to raise $150m, targeting sports and health technology investments.

The company, Woods’ foray into special-purpose acquisition companies, said it would focus on fan engagement, consumer-facing health and fitness technologies, and health and well-being, targeting companies with an approximate enterprise value of $600m to $1bn. The Covid-19 pandemic, it said, helped drive demand for sports and social content, accelerated interest in health and wellness and underscored the importance of technology in daily life.