Credit Suisse Serves as Sole Book-Running Manager on Upsized $240 Million IPO for Kevin Durant’s Infinite Acquisition Corp.
New York and Los Angeles – Paul Hastings LLP, a leading global law firm, announced today that it advised Credit Suisse as sole book-running manager for the upsized $240 million initial public offering by Infinite Acquisition Corp., a special purpose acquisition company targeting 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 Acquisition Corp. is co-sponsored by Thirty Five Ventures, a multi-faceted sports media, marketing, and investment company founded by Kevin Durant and Rich Kleiman, and LionTree, a leading investment and merchant banking firm with a focus on creative industries in media, tech, sports, consumer, and the evolving digital economy. Kevin Durant is also a 12-year veteran of the NBA playing for the Brooklyn Nets. Kevin Durant and Rich Kleiman are co-CEOs and directors, and Aryeh Bourkoff, Founder and CEO of LionTree, is Chairman of the Board.
Infinite Acquisition Corp. priced its IPO of 24,000,000 units at $10.00 per unit. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. The units will trade on the NYSE under the ticker symbol “NFNT.U.”
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