Infinite Acquisition priced its IPO of 24 million units at $10 each. Units began listing today on the NYSE under NFNT.U. Each consists of one Class A ordinary share and one-half of a warrant. The SPAC offered 4 million units more than initially registered earlier this month.
Infinite is co-sponsored by Thirty Five Ventures, a sports media, marketing, and investment company founded by NBA star Kevin Durant and Rich Kleiman, and LionTree, an investment and merchant banking firm with a focus on creative industries in media, tech, sports, consumer, and the evolving digital economy.
The SPAC plans to target technology-enabled platforms disrupting the traditional worlds of sports, health and wellness, food technology and supply, e-commerce, and crypto and digital assets.
Credit Suisse is sole underwriter for the offering and has the option to purchase up to an additional 3.6 million units.
The offering is expected to close Nov. 23. Read more.
