Infinite Reality to go public via a SPAC merger with Newbury Street Acquisition in a $1.85bn deal.

Infinite Reality, a developer of metaverse innovation and entertainment platform, agreed to go public via a SPAC merger with Newbury Street Acquisition in a $1.85bn deal. "Our team was blown away by the opportunity Infinite Reality has to truly revolutionize how people experience the internet in the future. Infinite Reality has the expertise, innovation, and scale to be a trailblazer helping brands connect directly with their audiences and customize their Metaverse experiences. Online commerce and entertainment will never be the same again. The creative talent and experience of this team sets iR apart and all of us at Newbury are excited to be their long-term partner," Tom Bushey, Newbury CEO.