Infinite Acquisition Corp. (NFNT)

NEW YORK , Oct. 23, 2023 /PRNewswire/ -- Infinite Acquisition Corp. (the "Company") (NYSE: NFNT), a special purpose acquisition company, today announced that its board of directors has determined to redeem all of its issued and outstanding Class A ordinary shares, par value $0.0001 (the "Shares"), effective as of November 6, 2023, because the Company will not consummate an initial business combination within the time required by its Amended and Restated Memorandum and Articles of Association (the "Articles"), as extended in connection with the Company's extraordinary general meeting of shareholders held on August 22, 2023 (the "Extension Meeting"). The redemption of the Shares is expected to be completed on or around November 6, 2023, or ten business days following the Company's extension deadline on October 23, 2023.

NEW YORK--(BUSINESS WIRE)--Infinite Acquisition Corp. (the “Company”) today announced that, commencing January 10, 2022, holders of the 27,600,000 units sold in the Company's initial public offering may elect to separately trade the Class A ordinary shares and warrants included in the units. Those units not separated will continue to trade on the New York Stock Exchange (“NYSE”) under the symbol “NFNT.U”, and the Class A ordinary shares and warrants that are separated will trade on the NYSE under the symbols “NFNT” and “NFNT WS”, respectively. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into Class A ordinary shares and warrants. The units were initially offered by the Company in an underwritten offering completed on November 24, 2021. Credit Suisse Securities (USA) LLC acted as the sole underwriter for the offering. Registration statements relating to the units and the underlying securities were declared effective by the Securities and Exchange Commission (the “SEC”) on November 18, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering was made only by means of a prospectus. Copies of the prospectus may be obtained from Credit Suisse, Attn: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, NC 27560, Telephone: 1-800-221-1037, Email: usa.prospectus@credit-suisse.com. About Infinite Acquisition Corp. The Company is a newly organized blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company has not yet selected any specific business combination target. Cautionary Note Concerning Forward-Looking Statements This press release may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “estimate,” “expect,” “intend” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus relating to the Company's initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

NEW YORK--(BUSINESS WIRE)--Infinite Acquisition Corp. (the “Company”) today announced the closing of its initial public offering of 27,600,000 units at a price of $10.00 per unit, which includes 3,600,000 units that the underwriter purchased pursuant to the full exercise of its over-allotment option. The offering resulted in gross proceeds to the Company of $276,000,000. The Company’s units began trading on the New York Stock Exchange (“NYSE”) under the ticker symbol "NFNT.U" on November 19, 2021. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols “NFNT” and “NFNT WS,” respectively. Credit Suisse Securities (USA) LLC acted as the sole underwriter for the offering. The offering is being made only by means of a prospectus, copies of which may be obtained for free from the U.S. Securities and Exchange Commission (“SEC”) website www.sec.gov, or by contacting Credit Suisse, Attn: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, NC 27560, Telephone: 1-800-221-1037, Email: usa.prospectus@credit-suisse.com. Registration statements relating to these securities were declared effective by the SEC on November 18, 2021. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Cautionary Note Concerning Forward-Looking Statements This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

NEW YORK--(BUSINESS WIRE)--Infinite Acquisition Corp. (“Infinite” or the “Company”) today announced the pricing of its initial public offering of 24,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the New York Stock Exchange (“NYSE”) under the ticker symbol “NFNT.U” beginning on November 19, 2021. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols “NFNT” and “NFNT WS,” respectively. Infinite is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Infinite 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. While the Company may pursue an initial business combination in any industry or sector, it 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 Mr. Durant and Mr. Kleiman as Co-Chief Executive Officers, James Rosenstock as Chief Financial Officer, and Alex Michael as Chief Development Officer. Aryeh B. Bourkoff serves as Chairman of the Company’s board of directors, and Anré Williams, Sam Lessin, Stacey Bendet and Annastasia Seebohm serve as directors, in addition to Mr. Durant and Mr. Kleiman. Credit Suisse Securities (USA) LLC (“Credit Suisse”) is serving as sole underwriter for the offering. The Company has granted Credit Suisse a 45-day option to purchase up to an additional 3,600,000 units at the initial public offering price to cover over-allotments, if any. The offering is expected to close on November 23, 2021, subject to customary closing conditions. The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained for free from the U.S. Securities and Exchange Commission (“SEC”) website www.sec.gov, or by contacting Credit Suisse, Attn: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, NC 27560, Telephone: 1-800-221-1037, Email: usa.prospectus@credit-suisse.com. Registration statements relating to these securities became effective on November 18, 2021. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Cautionary Note Concerning Forward-Looking Statements This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.