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Infinite Acquisition Corp. - NFNT STOCK NEWS

Welcome to our dedicated page for Infinite Acquisition news (Ticker: NFNT), a resource for investors and traders seeking the latest updates and insights on Infinite Acquisition stock.

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Rhea-AI Summary
Infinite Acquisition Corp. (NYSE: NFNT) has announced that it will redeem all of its issued and outstanding Class A ordinary shares, effective November 6, 2023. The redemption price per share will be approximately $10.78. The company's shares will cease trading on the NYSE on October 23, 2023, and will represent only the right to receive the redemption amount. The holders of the company's Class B ordinary shares have waived their redemption rights. The company expects to delist its securities from the NYSE and terminate their registration with the SEC.
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Rhea-AI Summary

Infinite Acquisition Corp. has successfully closed its initial public offering of 27,600,000 units at $10.00 each, raising $276,000,000. This includes the full exercise of an underwriter's over-allotment option for 3,600,000 units. The units began trading on the NYSE under the symbol 'NFNT.U' on November 19, 2021. Each unit consists of one Class A share and one-half of a redeemable warrant, with the latter having a purchase price of $11.50 per share. Credit Suisse served as the sole underwriter for the offering.

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Infinite Acquisition Corp. announced the pricing of its IPO, offering 24,000,000 units at $10.00 each, set to trade on the NYSE under the symbol NFNT.U starting November 19, 2021. Each unit comprises one Class A ordinary share and half a redeemable warrant, with the warrants allowing purchase of shares at $11.50. The IPO, co-sponsored by Thirty Five Ventures and LionTree, targets technology-enabled platforms in various sectors. Credit Suisse acts as the sole underwriter, with an option for an additional 3,600,000 units. Closing is expected on November 23, 2021.

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FAQ

What is the market cap of Infinite Acquisition (NFNT)?

The market cap of Infinite Acquisition (NFNT) is approximately 373.8M.

Infinite Acquisition Corp.

NYSE:NFNT

NFNT Rankings

NFNT Stock Data

373.81M
25.66M
93.77%
Shell Companies
Financial Services
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United States
New York