Infinite Acquisition, a blank check company backed by Thirty Five Ventures and LionTree targeting tech-enabled businesses, filed on Wednesday with the SEC to raise up to $200 million in an initial public offering.
The New York, NY-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Infinite Acquisition would command a market value of $250 million.
The company is led by Co-CEO and Director Kevin Durant, an NBA player for the Brooklyn Nets and co-founder of Thirty Five Ventures; Co-CEO and Director Rich Kleiman, a co-founder of Thirty Five Ventures; and Chairman Aryeh Bourkoff, founder and CEO of LionTree. The company plans to target technology-enabled platforms disrupting the traditional worlds of sports, health, wellness, food, commerce, and culture.
Infinite Acquisition was founded in 2021 and plans to list on the NYSE under the symbol NFNT.U. The company filed confidentially on July 19, 2021. Credit Suisse is the sole bookrunner on the deal.
