Infinite Reality, Inc. To Go Public Through Combination With Newbury Street Acquisition Corporation
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- The transaction is expected to provide up to $128 million in proceeds
- The transaction values the combined company at an equity value of approximately $1.85 billion, including approximately $1.7 billion attributable to Infinite Reality
- Infinite Reality is working with some of the world's biggest brands, including Warner Bros. Discovery Sports, to foster immersive virtual experiences and new monetization opportunities in Web3-enabled showrooms and events
- The company has seen rapid expansion in the past year with new product launches and acquisitions