Infinite Acquisition Corp.
NFNT-UN
New York Stock Exchange10.80
USD
+0.04
- -
CIK
0001862327
Return %
Stock
S&P500
1Y
6.61
26.53
3Y
7.14
76.60
5Y
7.14
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Kevin Durant
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 660 Madison Avenue New York City NY United States of America 10065
- IPO Date
- Nov 19, 2021
- CIK
- 0001862327
- Website
- infiniteacquisitioncorp.com
- Similar Companies
- Business
- Infinite Acquisition Corp. (NFNT-UN) is a blank check company with no significant operations that intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. Incorporated in 2021 and headquartered in New York, New York, the company trades units on the New York Stock Exchange consisting of one Class A ordinary share and one-half of one redeemable warrant. As a special purpose acquisition company, or SPAC, it holds cash proceeds from its 2021 upsized initial public offering of 27.6 million units at $10.00 each primarily in trust for deployment in a target business combination; its units maintain a market price around $10.80 with low trading volume. The company targets opportunities across sectors without specified industry focus and operates principally in the United States. In October 2023, Infinite Acquisition Corp. announced the redemption of its Class A ordinary shares and elected not to consummate an initial business combination by its deadline, resulting in the cancellation of shares and liquidation of trust assets to public shareholders. No further merger announcements, acquisitions, funding rounds, or strategic shifts have occurred in the last two years, leaving the SPAC inactive with no ongoing operations or new product offerings.