Brooklyn Nets star Kevin Durant has launched Infinite Acquisition Corp, which focuses on buying companies across the sports, cryptocurrency, e-commerce, health, and food sectors.
The special purpose acquisition company (SPAC) has filed for a US$200 million initial public offering (IPO) and is offering 20 million units at US$10 apiece.
Infinite will redeem 100 percent of the shares for cash if it does not close a merger within 18 months after the IPO ends.
Durant will serve as co-CEO of Infinite alongside entrepreneur Rich Kleiman, who is his business partner in their Thirty Five Ventures investment vehicle.
Infinite is an addition to the NBA star's growing list of sports and technology investments.
Thirty Five Ventures invested in esports organization Andbox, is part of the US$3.5 million seed funding round for media platform Just Women’s Sports (JSW) and is part of a group that invested US$100 million in ticketing technology company SeatGeek, which merged with RedBall Acquisition Corp.
Durant also owns a five percent stake in Major League Soccer’s Philadelphia Union valued at around US$12 million.


Los Angeles Mayor Says White House Must Reassure Fans Ahead of FIFA World Cup
Why the Australian Open’s online tennis coverage looks like a Wii sports game
Australia’s December Trade Surplus Expands but Falls Short of Expectations
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies
Trump Plans UFC Event at White House for America’s 250th Anniversary
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
Trump's Transgender Sports Ban Faces Enforcement Challenges
‘The geezer game’ – a nearly 50-year-old pickup basketball game – reveals its secrets to longevity
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 



