Media focused SPAC Falcon Capital Acquisition (NASDAQ:FCAC) comes from U.S. Treasury Secretary Steven Mnuchin’s brother Alan.

The Leadership Team: Alan G. Mnuchin will serve as the leader of Falcon Capital Acquisition. He serves on the Board of Directors of Flying Eagle, a company with a history of SPACs. He has prior history at Bear Stearns and Goldman Sachs (NYSE:GS), where he focused on the media segment.

Alan’s father Robert Mnuchin was a long-time member of Goldman Sachs, working there for 33 years. The elder Mnuchin is considered a pioneer of institutional equity and helped develop Goldman Sach’s block trading business. Brother Steven has been the Treasury Secretary since 2017 and also previously worked at Goldman Sachs.

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The Offering: Falcon Capital will offer 30 million shares at $10 each to raise $300 million. Each share will come with one-third of a warrant to purchase a share at $11.50. Shares will trade on the NASDAQ under FCACU, with common shares eventually trading under FCAC.

Falcon Capital Acquisition: This SPAC is focusing on the media sector with a plan to acquire a company with business in media, digital media/consumer technology, or interactive entertainment.

Criteria for an investment includes being a business with significant revenue and earnings potential, potential to be a category leader, the ability to benefit from the management team, the potential to benefit from digital disruption, and being in a high growth market.