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Kevin Durant’s new SPAC firm to focus on crypto and blockchain
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Kevin Durant, a two-time NBA champion, has launched a special purpose acquisition company (SPAC) to look at collaborating with technology-driven businesses, including cryptocurrency enterprises. The firm was established in conjunction with Durant's business associate Rich Kleiman.
Durant, who was an early Coinbase backer, isn't done exploring the sector yet. His new SPAC company is planning to invest in crypto and blockchain-related businesses.
The new SPAC, Infinite Acquisition Corp., which was formed on Nov. 3 according to its SEC filing, seeks to raise $200 million in its initial public offering. A SPAC is a company that was formed to combine with or acquire another private firm and eventually go public. Because their only aim is to
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