As part of the deal, Infinite Reality will integrate ReKT’s four key business divisions, including esports franchises, marketing and partnership 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; the renowned digital media agency Fearless Media; fan engagement and monetization platform FullCube and digital talent management company TalentX Entertainment. Additionally, ReKTGlobal is at the forefront of global competitive esports, thanks to its ownership of the League of Legends LEC champions. computer thief and Call of Duty League London real ravens. ReKTGlobal currently has offices in New York, the Angels, vegascharlotte, LondonY Sedan. Investors in ReKTGlobal include Imagine Dragons Group, nick grossson of a billionaire investor gross billDJ Steve Aoki and Summit Partners to name a few.
“This acquisition is another step in our journey to become the world’s leading Metaverse Entertainment company,” said the CEO of Infinite Reality. juan acuno. “The synergies between our combined business units, from content creation to Web3 entertainment, APIs and more, are impressive. We look forward to working with ReKTGlobal’s senior management to integrate our valuable combined assets and accelerate Infinite Reality’s growth.
“We are extremely pleased to announce this acquisition to all of our investors, employees and customers, as well as all Rogue and raven king fans from all over the world,” said Amish Shah, founder and president 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 shared collective assets creates a dominant and unstoppable force in the marketplace.”
By integrating the strong assets of both companies, Infinite Reality solidifies its place at the forefront of creator empowerment and metaverse opportunity.
“We believe that the future of business, entertainment, socializing and learning will take place in digital environments and that iR is the company that will bring it all to life,” said ReKTGlobal Co-Founder and CEO. david bialek. “We will use Thunder Studios’ incredible 150,000 square foot production facility to create the digital twins of our game brands and creators, as well as the many companies, municipalities and brands that also want to make the transformational leap. a big thank you to juan acuno Y Rodric David and the many bright and creative minds at iR who recognized the synergies between our businesses and put the pieces together quickly and innovatively.”
Infinite Reality previously announced that it has entered into a definitive merger agreement with Universal Security Instruments, Inc. (NYSE: UUU), listed on the New York Stock Exchange, and has 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 Infinite Reality and Universal shareholder approval, as well as approval from the Securities and Exchange Commission and listing on the New York Stock Exchange.
Cowen is the exclusive financial advisor to ReKTGlobal and O’Melveny is the legal advisor to ReKTGlobal.
Forward Looking Statements
This communication contains “forward-looking statements”. Forward-looking statements are generally identified by words such as “may”, “should”, “expects”, “anticipates”, “anticipates”, “could”, “intends”, “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 has based these forward-looking statements largely on its current expectations regarding future events and the beliefs and assumptions of management. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances beyond Infinite Reality’s control. Events could differ materially from those stated or implied by the forward-looking statements due to a number of factors, including, but not limited to: (i) risks associated with the ability to obtain shareholder approval necessary to complete the proposed transactions and the time of closing of the proposed transaction; (ii) the outcome of legal proceedings that may be initiated against the parties and others related to the proposed transactions; (iii) the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the proposed transactions, (iv) statements about future events, actions or performance. Accordingly, forward-looking statements are not guarantees and you should not rely on forward-looking statements as predictions of future events. Infinite Reality cannot assure you that the events and circumstances reflected in the forward-looking statements will or will occur, and actual results could differ materially from those projected in the forward-looking statements. The forward-looking statements made in this communication relate only to events as of the date the statements are made. Except as required by applicable law or regulation, Infinite Reality undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date the statement is made or to reflect the occurrence of an unexpected event.
This communication is not a solicitation
This communication does not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, and there will be no sale of any securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful. prior to registration or qualification under the securities laws of such jurisdiction. No offering of securities will be made under the proposed merger except by means of a prospectus that meets the requirements of Section 10 of the Securities Act of 1933, as amended.
About Infinite Reality, Inc.
infinite reality drives a revolution in data, commerce, online authenticity and digital transparency. Notre vision d’un métaverse ouvert fait de chaque marque, créateur et fan le maître de sa propre expérience Internet, de ses propres données, de la manière dont il distribute du content et vend des produits, et de la manière dont il interagit les uns with the others. iR provides the tools and services that businesses and creators need to create compelling open Metaverse experiences. Our Metaverse Empowerment Group advises, manages, designs, and monitors these custom features by leveraging our in-house expert resources and creator community. iR’s entertainment division, anchored by Thunder Studios, provides production, streaming 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 larealidadinfinita.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 to come, from traditional sports and esports to social networks, music and more. ReKT is the parent company of digital native brands, including esports championship organizations Rogue and London Royal Ravens, content creator collectives SwayLA and MADGMR, and creator economy/NIL monetization app Fullcube. ReKT is also home to the esports industry’s strongest media and marketing agencies, consulting brands, properties and influencers. For more information visit rektglobal.com.
SOURCE Infinite Reality