Infinite Acquisition Corp.
NFNT-WT
New York Stock Exchange0.05
USD
-0.01
- -
CIK
0001862327
Return %
Stock
S&P500
1Y
-59.54
26.84
3Y
-41.55
77.03
5Y
-41.55
80.55
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
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- CIK
- 0001862327
- Similar Companies
- Business
- Infinite Acquisition Corp. (NFNT-WT) operates as a blank check company, or special purpose acquisition company (SPAC), whose sole purpose is to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more unidentified businesses or entities. The company focuses on targets in sectors including sports, health, e-commerce, food and cryptocurrency technology-enabled platforms; it generates no revenues and conducts no substantive operations prior to completing an initial business combination. Sponsored by a 50-50 partnership between Thirty Five Ventures, co-founded by NBA superstar Kevin Durant and Rich Kleiman in 2016, and investment bank LionTree Advisors, Infinite Acquisition Corp. was incorporated in 2021 and maintains its headquarters in New York, New York. The company's securities include units comprising one Class A ordinary share and one-half redeemable warrant (exercisable at $11.50 per whole share), with NFNT-WT warrants traded on the NYSE; upon separation, shares trade as NFNT and warrants as NFNT WS. Infinite Acquisition Corp. raised $276 million in gross proceeds from its upsized initial public offering of 27.6 million units at $10 each on November 19, 2021, underwritten by Credit Suisse. It targeted global opportunities without specified geographic operations beyond a broad focus on North America, Asia, Latin America, Europe and Israel for fintech-related prospects in certain contexts. Unable to identify or complete a business combination within its extended 21-month plus 15-month tenor deadline, Infinite Acquisition Corp. redeemed all outstanding public shares and liquidated in October 2023, refunding approximately $86.3 million from trust proceeds (after prior redemptions) to IPO investors by early November 2023 with a roughly 7.8% return including interest. An August 2023 shareholder vote approved a deadline extension, but no merger materialized, leading to dissolution; shares ceased trading on the NYSE shortly thereafter, leaving only warrants (NFNT-WT) as residual traded securities post-liquidation.