Infinite Eagle Acquisition, the tenth blank check company led by SPAC veteran Jeff Sagansky and former MGM CEO Harry Sloan, filed on Thursday with the SEC to raise up to $300 million in an initial public offering.
The company plans to raise $300 million by offering 30 million units $10. Each unit consists of one share of common stock and a right to receive a fraction of a share, though the company did not disclose how much.
The company is led by co-Chairman Harry Sloan, who previously served as CEO of Metro-Goldwyn-Mayer, and co-Chairman Jeff Sagansky, a SPAC veteran. They are joined by CEO and Director Eli Baker, the co-founder and Partner of Manifest Investment Managers and co-Managing Director at Hemisphere Capital Management. The SPAC plans to target businesses that will benefit from its management team's experience, in growing industries and markets, with revenue growth potential, and with potential for free cash flow generation.
Management has been behind several SPACs, including most recently Screaming Eagle Acquisition, with merged with Lionsgate Studios (LION; -32% from $10 offer price) in 2022; Bold Eagle Acquisition (BEAGU; +8%), which raised $250 million in October 2024; Soaring Eagle Acquisition, which combined with biology company Ginkgo Bioworks (Nasdaq: DNA; -98%) in September 2021; Flying Eagle Acquisition, which combined with mobile esports platform Skillz (NYSE: SKLZ; -97%) in December 2020; and Diamond Eagle Acquisition, which combined with SBTech and DraftKings (Nasdaq: DKNG; +196%) in April 2020.
The New York, NY-based company was founded in 2025 and plans to list on the Nasdaq under the symbol IEAGU. Goldman Sachs is the sole bookrunner on the deal.
