The deal will deliver $171 million in funds. It includes the cash held by both companies and InfiniteWorld-owned cryptocurrencies currently valued at $93 million. Stockholders of InfiniteWorld will own 75% of the com InfiniteWorld is expecting the transaction to further accelerate its platform development and expand partnerships. The company will be led by CEO Yonathan Lapchik, a Deloitte Blockchain Lab veteran and co-creator of blockchain ecosystem SUKU. Nathaniel Hunter, the former CEO of DreamView, will become a chief operating officer. Previous investors in InfiniteWorld include investment firm Morgan Creek Digital, trading firm GSR and liquidity provider Wintermute.
Metaverse Company InfiniteWorld To Go Public in a $700M SPAC merger
bined company and up to a maximum of 81% if a certain share price milestone is achieved.
