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NBA Star Kevin Durant Launches $200 Million SPAC

NBA star Kevin Durant aims to launch a $200 million blank-check company, making him the latest celebrity to get in on the SPAC craze.

The special-purpose acquisition company is Infinite Acquisition Corp., which plans to merge with a company in one or more of the following sectors: Sports, health, sustainable food technology and cryptocurrency. SPACs can take public companies that lie outside their intended sectors.

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