Infinite Acquisition Corp. Announces Closing of Upsized $276 Million Initial Public Offering
November 23 2021 - 7:00PM
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20211123006213/en/
Investors: investors@infiniteacquisitioncorp.com
Media: media@infiniteacquisitioncorp.com
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