Velocity Acquisition Corp. is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It has not selected any business combination target and has not initiated any substantive discussions, directly or indirectly, with any business combination target. The Company intends to focus its search on digital transformation businesses, including digital services, digital platforms, and related sectors in North America. It neither engages in any business operations nor generates any revenues.