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As part of the deal, Infinite Reality will integrate ReKT’s strong entertainment and esports businesses into their already impressive range of creative tools spanning social, gaming, virtual and remote production, NFT minting, UGLC and Metaverse create. Infinite Reality’s comprehensive vision is supported by ReKT’s previous acquisitions of content creation and marketing company Greenlit Content; renowned digital media agency Fearless Media; fan engagement and monetization platform FullCube and digital talent management company TalentX Entertainment.It will also be Infinite Reality’s first foray into competitive global esports as they welcome ReKT-owned League of Legends LEC champions Team of Thieves and the Call of Duty Alliance London royal crow. These franchise acquisitions were approved by Riot Games and Activision Blizzard.
Impressive leadership team at ReKTGlobal, including founders Dave Bialek and Amish Shah will join iR’s seasoned leaders and operate under the Infinite Reality banner, now in New York, Angel, Las VegasCharlotte, Londonand Berlin. ReKT’s multi-faceted approach maximizes marketing potential through classic marketing and influencer marketing, creating a solid foundation for brand, creator and fan relationships. Together, the two companies will continue to drive Infinite Reality forward and further strengthen its position at the forefront of Web3, creator empowerment and Metaverse opportunities.
“All of us at Infinite Reality are very excited to complete the acquisition of ReKTGlobal,” said Infinite Reality CEO John Aquinto“ReKT’s senior leadership team adds a wealth of insight and experience, and the various businesses are strategically aligned with Infinite Reality’s efforts to become the world’s leading Metaverse innovation and entertainment company. The whole is absolutely greater than the sum of its parts.”
“This is the beginning of an exciting next chapter in ReKT’s development, firmly rooted in the future,” said Amish Shah, founder and chairman of ReKTGlobal. With unlimited potential in the Metaverse Opportunity, our two companies can and will forge a path of innovation that will become an unstoppable dominant force in the market for decades to come. “
Co-founder and CEO of ReKTGlobal said: “With the strong resources of our now officially merged entities, we can introduce forward-looking brands into this new and evolving world that will transform business, entertainment, social and learning. future.” Dave Bialek.
Earlier this year, Infinite Reality announced a partnership with NYSE-listed Universal Security Instruments, Inc. (NYSE: wu wu) and entered into a Standby Equity Purchase Agreement with Yorkville Advisors Global, LP for a term of up to $200 million After the merger with Universal Security Instruments is complete. Completion of the announced merger with Universal Security Instruments remains subject to approval by Infinite Reality and Universal Security Instruments shareholders, as well as SEC approval and stock exchange listing.
forward-looking statements
This communication contains “forward-looking statements”. Forward-looking statements are often identified by terms such as “may,” “should,” “anticipate,” “plan,” “anticipate,” “may,” “intend,” “target,” “project,” “consider,” and the like, “believe,” “estimate,” “predict,” “potential,” or “continue” or the negative of these terms or other similar words. These statements are predictions only. These forward-looking statements by Infinite Reality are based primarily on their then-current views of future events expectations and management’s beliefs and assumptions. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances beyond the control of each Infinite Reality. Events may differ from those described in the forward-looking statements due to a variety of factors events described or implied are materially different, including, but not limited to: (i) the risks associated with the ability to obtain shareholder approvals required to complete the proposed transaction and the closing time of the proposed transaction; the outcome of any legal proceedings brought by the parties and others; (iii) the occurrence of any events, changes or other circumstances or conditions that may result in the termination of the proposed transaction, (iv) statements regarding future events, actions or performance. 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 materialize or occur and that actual results may differ from those projected in the forward-looking statements Results could differ materially. The forward-looking statements 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 statements to reflect events after the date the statements are made or Circumstances or obligations to reflect the occurrence of unforeseen events.
This communication is not a request
This communication does not constitute an offer to sell or an invitation to sell or an offer to buy any securities, nor shall any securities be sold in any jurisdiction in which such offer, solicitation or sale would be unlawful under the securities laws of any such jurisdiction before registering or qualifying. No securities may be issued in connection with the proposed merger unless a prospectus is passed that complies with the requirements of Section 10 of the Securities Act of 1933, as amended.
About Infinite Reality Inc.
Infinite Reality, Inc. is driving a revolution in data, commerce, online authenticity and digital transparency. Our vision for an open metaverse puts every brand, creator and fan in control of their own internet experience, their own data, how they distribute content and sell products, and how they interact with each other. iR provides the tools and services companies and creators need to develop engaging open Metaverse experiences. Our Metaverse Licensing team leverages our expert internal and creator community resources to advise, manage, design and oversee these custom features. With Thunder Studios at its core, iR’s entertainment division provides production, broadcast and streaming services to the world’s best talent, brands and creators. Infinite Reality has all the resources to create and broadcast content seamlessly in and out of the Metaverse.For more information, please visit theinfinitereality.com.
About ReKTGlobal
ReKTGlobal is at the forefront of what matters most to the Gen Z audience. It’s a cutting-edge digital entertainment organization that helps brands connect with things now and in the future, from traditional sports and esports to social media, music and more. ReKT is the parent company of digitally native brands, including championship esports 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, please visit rektglobal.com.
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