Kevin Durant Backs Special Purpose Acquisition Company; Ticker NFNT.U

Kevin Durant SPAC

Brooklyn Nets’ superstar Kevin Durant has entered into agreement to “co-lead” the listing of the special purpose acquisition company Infinite Acquisition.

Special purpose acquisition companies, commonly referred to as SPACs, are publicly-listed companies that seek to take private businesses public via a stock exchange.

Infinite Acquisition seeks to merge with a company based in sectors such as sports, health, e-commerce, food and cryptocurrency, according to the New York Post.

SPACs have been subject to significant regulatory oversight in the past few months, stemming from Security and Exchange Commission investigations.

Durant recently served as an executive producer on the critically acclaimed television series Swagger.

He’s also shooting 58% while averaging the fourth highest point-per game total in the NBA (27.7).

It’s clear from Durant’s various ventures that he isn’t just a businessman, he’s a business, man.

Related Article:  Bulls, Heat Docked Second-Round Picks for Tampering
-->