Sagansky and Sloan’s SPAC Infinite Eagle Acquisition files for a $300 million IPO
January 16, 2026
SPAC Infinite Eagle Acquisition prices $300 million IPO; latest blank check led by Jeff Sagansky and Harry Sloan
Infinite Eagle Acquisition, the tenth blank check company led by SPAC veteran Jeff Sagansky and former MGM CEO Harry Sloan, raised $300 million by offering 30 million units at $10. Each unit consists of one share of common stock and one right to receive one twenty-fifth （1/25） of a share upon the business combination. The majority of SPACs offering rights include 1/10 rights, though the duo’s previous SPAC （BEAGU） managed to offer 1/20 rights.
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.
Infinite Eagle is the first Goldman-led SPAC in four years; the bank’s self-imposed ban on SPAC work went into effect in 2022 as the market went into a tailspin, before it reversed course in 2025.
IPO Overview
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.
About the Company
We are a blank check company formerd for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While we may pursue an initial business combination opportunity in any industry or sector, we intend to capitalize on the ability of our management team to identify and combine with a business or businesses that can benefit from our management team’s established global relationships and operating experience. Our management team has extensive experience in identifying and executing strategic investments globally and has done so successfully in a number of sectors. Our amended and restated memorandum and articles of association prohibit us from effectuating a business combination solely with another blank check company or similar company with nominal operations. We may decide to enter into a business combination with a target business with the following criteria: Targets That Can Benefit from Our Management Team’s Relationships and Experience; Growing Industries and Markets; Business with Revenue and/or Earnings Growth Potential; Companies with Potential for Free Cash Flow Generation; Companies with Potential to Grow through Acquisition.