Now, with the addition of DRL, and following its proposed go-public transaction with Newbury Street Acquisition Corporation (NASDAQ:NBST), iR is better positioned to continue to expand its reach and trailblaze the multi-billion-dollar immersive technology, digital media and entertainment industries.
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BOSTON, July 09, 2024 (GLOBE NEWSWIRE) -- Newbury Street Acquisition Corporation (NASDAQ:NBST) ("Newbury" or "NBST"), announced today that Infinite Reality ("iR or the "Company"), an innovation company powering the next generation of digital media and ecommerce through AI and immersive technologies, today announced a $350 million minority investment from a private multi-family office focused on global technology, media, and real estate, elevating the Company's valuation to $5.1 billion. This investment, entirely in equity and not debt, is new and separate from iR's goal to complete the previously announced SPAC transaction with Newbury Street Acquisition Corporation (NASDAQ:NBST) ("Newbury
NEW YORK, June 12, 2024 (GLOBE NEWSWIRE) -- Infinite Reality ("Infinite Reality" or "iR"), a leading global provider of cutting-edge virtual, AI-powered immersive experiences, today announced that, on June 10, 2024, its partner for its previously announced business combination (the "Business Combination"), Newbury Street Acquisition Corporation (NASDAQ:NBST) ("Newbury" or the "Company"), received notice from the Nasdaq Office of General Counsel that the Nasdaq Hearings Panel (the "Panel") had granted the Company's request to continue its listing on Nasdaq through September 23, 2024 (the "Extended Date"). As previously reported by Newbury, the Company received notice from the Listing Quali
Boston, MA, May 03, 2024 (GLOBE NEWSWIRE) -- Newbury Street Acquisition Corporation (NASDAQ:NBST, the ", Company", ))) announced today that it received a letter dated April 24, 2024, from the Listing Qualifications Department The Nasdaq Stock Market LLC, indicating that the Company was not in compliance with Nasdaq listing rule 5250(c)(1), which requires the timely filing of all required periodic financial reports with the Securities and Exchange Commission. The required filing in question is the Company's Annual Report on Form 10-K for the year ended December 31, 2023 (the "Form 10-K"). The delay in filing the Form 10-K is related to the Company requiring additional time to finalize
BOSTON, July 09, 2024 (GLOBE NEWSWIRE) -- Newbury Street Acquisition Corporation (NASDAQ:NBST) ("Newbury" or "NBST"), announced today that Infinite Reality ("iR or the "Company"), an innovation company powering the next generation of digital media and ecommerce through AI and immersive technologies, today announced a $350 million minority investment from a private multi-family office focused on global technology, media, and real estate, elevating the Company's valuation to $5.1 billion. This investment, entirely in equity and not debt, is new and separate from iR's goal to complete the previously announced SPAC transaction with Newbury Street Acquisition Corporation (NASDAQ:NBST) ("Newbury
Virtual Experiences Leader Acquires Ethereal Engine in Share-For-Share Transaction Valuing Infinite Reality at $2.5 Billion and Ethereal Engine at $75 million Entire Ethereal Engine Team, Including Top Executives and Innovators, Has Joined Infinite Reality LOS ANGELES, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Infinite Reality ("iR"), a leading global provider of cutting-edge virtual, AI-powered immersive experiences, and Ethereal Engine ("Ethereal"), a creator of end-to-end frameworks for web-first, social immersive experiences, announced today that the companies have completed a share-for-share acquisition valuing Infinite Reality at $2.5 billion and Ethereal Engine at $75 million. Thi
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Watch the teaser video NEW YORK, April 23, 2024 (GLOBE NEWSWIRE) -- In a landmark deal to enhance its immersive platform technology and services, Infinite Reality ("iR" or the "Company"), a leading global provider of cutting-edge virtual, AI-powered immersive experiences, today announced it signed a definitive agreement to acquire the Drone Racing League ("DRL"), the world's most futuristic sports property. The $250 million acquisition bolsters iR's capabilities and IP, and boosts its valuation to $3.5 billion. Recognized for accelerating professional drone racing into the mainstream through high tech robotics, AI, visually spectacular content and hybrid competition, DRL marks iR's late
Sunderland Capital Has Deep Knowledge and Investment Success in the Cannabis SectorTORONTO, ON / ACCESSWIRE / April 21, 2022 / CordovaCann Corp. (CSE:CDVA) (OTCQB:LVRLF) ("Cordova" or the "Company"), a cannabis-focused consumer products company, is pleased to announce the closing of a non-brokered private placement financing (the "Offering"), pursuant to which the Company issued 6,718,000 units ("Units") of Cordova priced at $0.25 USD per unit for gross proceeds of $1,679,500 USD. Each Unit is comprised of one common share of the Company and one warrant ("Warrant") that entitles the holder to purchase one share of common stock in the Company at a price of $1.25 CDN per share for a period of
Newbury Street Acquisition Corporation (NASDAQ:NBST, the ", Company", ))))) announced today that it received a letter dated April 24, 2024, from the Listing Qualifications Department The Nasdaq Stock Market LLC, indicating that the Company was not in compliance with Nasdaq listing rule 5250(c)(1), which requires the timely filing of all required periodic financial reports with the Securities and Exchange Commission. The required filing in question is the Company's Annual Report on Form 10-K for the year ended December 31, 2023 (the "Form 10-K").The delay in filing the Form 10-K is related to the Company requiring additional time to finalize the financial statements for the fiscal year ended
Now, with the addition of DRL, and following its proposed go-public transaction with Newbury Street Acquisition Corporation (NASDAQ:NBST), iR is better positioned to continue to expand its reach and trailblaze the multi-billion-dollar immersive technology, digital media and entertainment industries.
Infinite Reality plans to go public in early 2024 via Newbury Street Acquisition Corporation (NASDAQ:NBST)Infinite Reality, Inc. ("iR" or the "Company"), the global leader in powering AI-virtual immersive experiences for clients such as Warner Bros. Discovery, Inc., Vodafone Group plc and Universal Music Group N.V., today announced a partnership and equity swap with Greenidge Generation Holdings Inc. (NASDAQ:GREE) ("Greenidge"), a vertically-integrated cryptocurrency data center and power generation company that will launch a new service-offering known as GreenidgeAI."We are excited to go public with the NBST acquisition in 2024 as we continue growing our capabilities to power cinematic-qual
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