Brief: Infinite Reality, Inc., Global Leader Delivering Immersive Digital Experiences, To Go Public Through Combination With Newbury Street Acquisition Corporation
12/12/2022 19:21
Dec 12 (Reuters) - INFINITE REALITY, INC.,:
* INFINITE REALITY, INC., GLOBAL LEADER DELIVERING IMMERSIVE
DIGITAL EXPERIENCES, TO GO PUBLIC THROUGH COMBINATION WITH
NEWBURY STREET ACQUISITION CORPORATION (NASDAQ: NBST)
* INFINITE REALITY- TRANSACTION VALUES COMBINED COMPANY AT
AN
EQUITY VALUE OF APPROXIMATELY $1.85 BILLION
* INFINITE REALITY- TRANSACTION IS EXPECTED TO PROVIDE UP TO
$128
MILLION IN PROCEEDS
* INFINITE REALITY - TRANSACTION VALUE INCLUDES
APPROXIMATELY $1.7
BILLION ATTRIBUTABLE TO INFINITE REALITY
* INFINITE REALITY - UPON COMPLETION OF PROPOSED BUSINESS
COMBINATION, NBST WILL CHANGE ITS NAME TO INFINITE REALITY, INC.
* INFINITE REALITY- UPON COMPLETION OF PROPOSED BUSINESS
COMBINATION COMBINED CO'S COMMON STOCK, WARRANTS, UNITS ARE
EXPECTED TO BE LISTED ON NASDAQ
Source text for Eikon: ID:nPn2GgxPYa
Further company coverage: NBST.O
((Reuters.Briefs@thomsonreuters.com;))
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