Infinite Acquisition Corp. announced the pricing of its upsized $240 million IPO and its units are expected to begin trading on the NYSE under the symbol “NFNT.U” Friday, November 19.
The new SPAC intends to leverage the expertise, access, and capabilities of its management team and board of directors 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 through their unique relationship with the consumer. Infinite is led by Co-CEOs Kevin Durant and Rich Kleiman, Chief Financial Officer James Rosenstock, Chief Development Officer Alexander Michael, and Chairman Aryeh B. Bourkoff.
Total SPAC deal count for 2021 year-to-date is now 552. This offering is expected to close on Tuesday, November 23.
Credit Suisse Securities LLC is acting as the sole book-running manager for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Paul Hastings LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...
At the SPAC of Dawn One of the biggest sources of uncertainty in the SPAC market in recent years has been regulatory changes, but new shifts could be in its favor. SEC Chairman Paul Atkins told CNBC yesterday that the commission would review the rules for SPACs after “rather controversial” changes to the rules passed...
McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...