other material
confidence high
sentiment neutral
materiality 0.80
Infinite Eagle closes $300M IPO plus $45M over-allotment; $345M in trust
Infinite Eagle Acquisition Corp.
- Sold 30M units at $10.00 each for $300M gross; each unit consists of one Class A share and one right.
- Private placement of 350K shares to sponsor for $3.5M; initial trust deposit of $300M.
- Underwriters exercised over-allotment for 4.5M additional units on Jan 23, raising $45M.
- Additional 45K private placement shares issued for $0.45M; total trust account now $345M.
- Company has 24 months (30 with LOI) to complete a business combination; audited balance sheet filed.