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Credit Suisse Serves as Sole Book-Running Manager on Upsized $240 Million IPO for Kevin Durant’s Infinite Acquisition Corp.

November 19, 2021

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.”

The Paul Hastings team advising Credit Suisse was led by partners Frank Lopez and Jonathan Ko, and included associates Will Peifer and Amelia Seder.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.

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