The Kevin Durant takeover just won’t stop! As AfroTech previously reported, the Brooklyn Nets basketball star became one of the major buyers in a $1.35 billion merger agreement last month between SeatGeek and RedBall Acquisition Corporation, a blank check company. On Nov. 3, Reuters revealed that Kevin Durant has launched a $200 million special purpose acquisition company (SPAC), making him the latest celebrity to endorse a blank-check firm. According to Reuters, Durant’s Infinite Acquisition Corp’s initial public offering comes in “amid a chill in the SPAC market, due to tightening accounting guidance and regulatory scrutiny from the U.S. Securities And Exchange Commission.” The SPAC will trade under Ticker symbol “NFNT.U” on the New York Stock Exchange and be co-led by Durant and his longtime manager and business partner Rich Kleiman. LionTree, an investment and merchant banking firm, has also joined the dynamic duo as a sponsor of the SPAC. Infinite Acquisition Corp is set to buy...

Just a month after Jay-Z launched MONOGRAM with cannabis brand Caliva — where he’s served as chief brand strategist since July 2019 — he’s already made yet another move heading for mogul status within the industry. According to Billboard, Subervisve Capital Acquisition Corp — which has a growing footprint in the cannabis industry — has now acquired two California-based cannabis brands. The end result has landed Jay-Z as the company’s chief visionary officer. In an announcement on Tuesday (Nov. 24), the company revealed the transaction is set to close in January. Acquiring the direct-to-consumer cannabis platform Caliva along with hemp and cannabis producer — Left Coast Ventures — Subversive Capital is ready to take the industry by storm by having the brands combine under a new vertically-integrated cannabis company that will be named TPCO Holding Corp. The deal includes $36.5 million in equity commitments from both existing and new shareholders which include Tuatara Capital,...