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Kevin Durant Launches $200 million SPAC, Potential Acquisition Areas Include Crypto
Summary: According to an SEC filing, Thirty Five Ventures--NBA superstar Kevin Durant and his business partner Rich Kleiman's investment company--and investment bank LionTree have jointly established a special purpose acquisition company (SPAC) called Infinite Acquisition. The company plans to be listed on the New York Stock Exchange (NYSE) under the ticker NFNT.U, with the aim of ...
According to an SEC filing, Thirty Five Ventures--NBA superstar Kevin Durant and his business partner Rich Kleiman's investment company--and investment bank LionTree have jointly established a special purpose acquisition company (SPAC) called Infinite Acquisition.
The company plans to be listed on the New York Stock Exchange (NYSE) under the ticker NFNT.U, with the aim of raising up to $200 million through IPO.
SPAC is often referred to as a "blank check" company, whose purpose is to help a private company circumvent the standard initial public offering (IPO) and go public through a merger.
The file indicates that potential acquisition areas are very wide, including cryptocurrency and digital asset companies. In a brief overview of the crypto market, the document focuses on exchanges such as Coinbase and Kraken, lending and interest savings services such as BlockFi, hardware wallet manufacturer Ledger, and successful NFTs such as Ethereum-based games Axie Infinity and Dapper Labs. Related companies/projects.
By Mary Liu
Tags: Cryptocurrency,Digital Asset,Kevin Durant,SPAC
Link: Kevin Durant Launches $200 million SPAC, Potential Acquisition Areas Include Crypto [Copy]
