As part of the deal, Infinite Reality will bring together ReKT’s four key business units, including esports franchises, marketing and partner services, talent management, and technology products. Infinite Reality’s global vision is reinforced by ReKt’s previous acquisitions of content creation and marketing company Greenlit Content; well-known digital media agency Fearless Media; fan acquisition and monetization platform FullCube; and digital talent management company TalentX Entertainment. In addition, ReKTGlobal is at the forefront of competitive global esports by owning the League of Legends LEC champions. Command Thief and Call of Duty League London royal crows. ReKTGlobal currently has offices in New York, Los Angeles, VegasCharlotte, Londonand Berlin. ReKTGlobal investors are Imagine Dragons Group, Nick Grossson of a billionaire investor Total scoreDJ Steve Aoki and Summit Partners, just to name a few.
“This acquisition is another step on our journey to become the world’s leading Metaverse Entertainment company,” said the CEO of Infinite Reality. John Acunto. “The interaction between our combined business units, from content creation to Web3 entertainment, APIs and more, is impressive. We look forward to working with ReKTGlobal’s senior management to integrate our valuable combined assets and accelerate the growth of Infinite Reality.
“We are thrilled to announce this acquisition to all of our investors, employees and customers, and to all of Rogue and royal raven fans around the world,” said Amish Shah, founder and chairman of ReKTGlobal. “Our journey does not end today. We are beginning the next chapter of our evolution in the metaverse. The explosive combination of our common collective assets creates a dominant and irresistible force in the market.”
By combining the powerful assets of both companies, Infinite Reality solidifies its place at the forefront of creator empowerment and metaverse empowerment.
“We believe that the future of business, entertainment, communication and learning will take place in a digital environment and that iR is the company that will bring it all to life,” said ReKTGlobal co-founder and CEO. Dave Bialek. “We will use Thunder Studios’ incredible 150,000-square-foot manufacturing facility to create digital twins of our gaming and creative brands, as well as the many businesses, municipalities and brands that also want to take a transformational leap. Thanks a lot John Acunto and Rodrik David and the many brilliant and creative minds at iR who recognized the synergy between our businesses and quickly and innovatively put it all together.”
Infinite Reality previously announced that it had entered into a definitive merger agreement with Universal Security Instruments, Inc. (NYSE: UUU) and entered into a reserve share purchase agreement with Yorkville Advisors Global, LP for up to $200 million after the merger with Universal Security Instruments. Completion of the announced merger with Universal Security Instruments remains subject to shareholder approval from Infinite Reality and Universal, as well as approval from the Securities and Exchange Commission and a listing on the NYSE.
Cowan is the exclusive financial advisor to ReKTGlobal and O’Melvaney is the legal advisor to ReKTGlobal.
Forward looking statements
This message contains “forward-looking statements”. Forward-looking statements are commonly identified with words such as “may”, “should”, “expect”, “foresee”, “foresee”, “might”, “intend”, “target”, “projects”, “intends”. , “believes”, “estimates”, “predicts”, “potential”, or “continues” or the negative form of these terms or other similar words. These statements are only predictions. Infinite Reality bases these forward-looking statements primarily on its current expectations of future events and management’s beliefs and assumptions. Forward-looking statements are subject to a number of risks and uncertainties, many of which relate to factors or circumstances beyond the control of each of Infinite Reality. Events could differ materially from those expressed or implied in the forward-looking statements due to a number of factors, including, but not limited to: (i) the risks associated with the ability to obtain shareholder approval required to complete the proposed transactions and the timing of the proposed transaction to close; (ii) the outcome of any legal proceedings that may be brought against the parties and others related to the proposed transactions; (iii) the occurrence of any event, change or other circumstances or conditions that may lead to the termination of the proposed transactions, (iv) statements regarding future events, actions or performance. Accordingly, forward-looking statements are not warranties, and you should not rely on forward-looking statements as predictions of future events. Infinite Reality cannot guarantee to you that the events and circumstances reflected in the forward-looking statements will or will occur, and actual results may differ materially from those projected in the forward-looking statements. Forward-looking statements made in this announcement relate only to events as of the date the statements were made. Except as required by applicable law or regulation, Infinite Reality undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date the statement was made, or to reflect the occurrence of an unexpected event.
This post is not an offer.
This communication does not constitute an offer to sell or an offer to sell or an offer to buy any securities, and there will be no sale of securities in any jurisdiction in which such an offer, solicitation or sale would be permitted. illegal. prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities under the proposed merger will be made except through a prospectus that meets the requirements of Section 10 of the Securities Act of 1933, as amended.
About Infinite Reality, Inc.
Infinite Reality leads to a revolution in data, commerce, online authenticity and digital transparency. Our vision of an open metaverse makes each brand, creator and fan the master of their own internet experience, their data, how they distribute content and sell products, and how they interact with each other and with others. iR provides the tools and services businesses and creators need to create compelling Metaverse open experiences. Our Metaverse Empowerment team advises, manages, develops, and oversees these custom features using their own expert resources and those of the creator community. Founded by Thunder Studios, iR Entertainment provides production, broadcast and streaming services to the world’s top talent, brands and creators. Infinite Reality has all the resources to seamlessly create and deliver content to and from the metaverse. For more information visit infinitereality.com.
ReKTGlobal is at the forefront of what matters most to Gen Z audiences. It’s a cutting-edge digital entertainment organization that helps connect brands to what’s happening now and what’s next, from traditional sports and esports to social media, music and more. ReKT is the parent company of digital native brands including esports organizations Rogue and London Royal Ravens, content creator collectives SwayLA and MADGMR, and the NIL economy building and monetization app Fullcube. ReKT is also home to the esports industry’s strongest media and marketing agencies, consulting brands, real estate and influencers. For more information visit rektglobal.com.
SOURCE Infinite Reality