NEW YORK and LOS ANGELES, May 18, 2022 / PRNewswire/ – Infinite Realty, Inc..innovation and entertainment company Metaverse, and Universal Safety Instruments (NYSE: UUU), notify the filing of a registration statement on Form S-4 (the “Statement of Registration”) with the Securities and Exchange Commission at May 16, 2022 consisting of a proxy statement and an introductory prospectus relating to the companies previously announced integration project. The file is located HERE.
Under the merger agreement, Infinite Reality shareholders will become the majority owners of USI’s unique common stock. The completion of the transaction is subject to Infinite Reality and USI shareholder approval, as well as SEC clearance and stock exchange approval. If approved, the proposed merger would create a publicly traded company that acts as Infinite Reality and is currently expected to continue to list it on NYSE.
The registration statement, which has not been declared effective by the SEC and is subject to change, contains relevant information about both companies and the proposed business combination.
“This next step is essential in laying the foundation for Infinite Reality as the main disruptor to the growth of Metaverse, social media, virtual entertainment and e-commerce,” it said. John Acunto, co-founder and CEO of Infinite Reality. “As a publicly traded entity, our platform and our growth will accelerate rapidly. The only limit is our imagination.”
About Infinite Reality
Infinite Reality pushing for a revolution in data, commerce, online authenticity and digital transparency. Our vision of an open metaverse makes every brand, creator, and fan master 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 businesses and creators need to build compelling open Metaverse experiences. Our Metaverse Empowerment Group advises, manages, designs, and manages these custom features drawing on our expert resources within and from the creator community. IR’s Entertainment division, anchored by Thunder Studios, provides production, broadcast and streaming services to the world’s leading talent, brands and creators. Infinite Reality has all the resources to seamlessly create and deliver content to and from the metaverse. For more information, visit theinfinitereality.com.
About Universal Security Instruments, Inc.
USI is an American manufacturer and distributor of safety and security equipment. Founded in 1969, the company has a 53-year legacy of developing new, easy-to-install products including smoke, fire and carbon monoxide alarms. For more information about USI, visit our website at universalsecurity.com (NYSE: UUU).
Important information about the proposed merger and where it can be found
In connection with the proposed merger, USI has filed a preliminary proxy statement and prospectus and hopes to file other relevant documents with the SEC, including changes to the registration statement, which will include USI’s Definitive Proxy Statement/Prospectus Regarding the Proposed Business Combination. Any definitive proxy statement/prospectus of USI will be sent to USI shareholders from time to time. INVESTORS AND SECURITYHOLDERS OF USI AND INFINITE REALITY ARE ENCOURAGED TO READ THESE MATERIALS IF THEY ARE INTERESTED AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT USI, INFINITE REALITY, THE PERMITTED MERCHANTS.
Investors and security holders may obtain free copies of the preliminary and final proxy statement/prospectus and other documents filed by USI with the SEC (if available) through the SEC -operated website. at www.sec.gov. In addition, investors and security holders may obtain free copies of the proxy statement/prospectus and other documents filed by USI with the SEC upon written request to: Universal Security Instruments, Inc. , 11407 Cronhill Drive, Suite A, Owings Mills, MD 21117, Warning: Harvey B. GrossblattPresident and CEO.
No offer or solicitation
This communication does not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, and there is no sale of the securities in any jurisdiction where such offer, solicitation or sale may be unlawful. prior to registration or qualification under the securities laws of any jurisdiction. No offer of securities under the proposed merger shall be made except in the manner of a prospectus that meets the requirements of Section 10 of the Securities Act of 1933, as amended.
USI and Infinite Reality and their respective directors and officers may be deemed participants in soliciting proxies from USI shareholders in connection with the proposed business combination. Additional information regarding the particular interest of such directors and officers in the proposed business combination will be included in the proxy statement/prospectus mentioned above. Investors and security owners can get more information about the proposed merger if it becomes available. You may obtain free copies of these documents as described in the preceding paragraph.
In addition to historical information, some of the items discussed in this communication have forward-looking statements. USI and Infinite Reality often identify forward-looking statements through terminology such as can, should, expect, plan, anticipate, can, desire, aim, project, reflect, believe, estimate, predict, potential or keep going. or the negative of these terms or other similar words.
These statements are only prophecies. Forward statements are based largely on current expectations and projections regarding future financial events and trends as well as management beliefs and assumptions. The forward-looking statements are subject to many risks and uncertainties, most of which involve factors or circumstances beyond the control of everyone in Infinite Reality.
Actual results may differ materially from those shown or implied in the expected statements due to a number of factors, including, but not limited to, risks related to the ability to acquire shareholders necessary to complete the proposal. transactions and the closing time. of the proposed transaction.
The result of any legal process that may be filed against the parties and others in connection with the Proposed Transactions, the occurrence of any change in events or other circumstances or conditions that give or result in the termination of Proposed Transactions, statements about future events. , action or performance.
Therefore, the forward statements are not warranties. And you should not rely on forward -looking statements as predictions of future events. No assurance can be given that the events and circumstances described in the anticipated statements will occur or will occur.
And the actual results may differ materially from those planned in the expected statements. Expected statements made in this communication relate only to events on the date the statements were made, unless required by applicable law or regulation.
USI and Infinite Reality have no obligation to update any anticipated statement to reflect events or circumstances after the date the statement was made or to reflect the occurrence of any anticipated event.
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SOURCE Infinite Reality