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Infinite Eagle Acquisition Corp.
Infinite Eagle Acquisition Corp. was a $276M SPAC led by VeriFone's former CEO Doug Bergeron, targeting enterprise software deals before liquidating in...
Infinite Eagle Acquisition Corp.
Infinite Eagle Acquisition Corp. was incorporated in 2021 by CEO Michael Thompson and Chairman Douglas Bergeron, a former CEO of VeriFone. The company completed its initial public offering in September 2021, raising $276 million to pursue a business combination with a private company in enterprise software, fintech, or digital health. The SPAC did not limit itself to a single investment strategy. Its registration statement described a broad mandate spanning B2B software, financial technology, and data analytics businesses with enterprise value between $1 billion and $5 billion. Bergeron's operational tenure at VeriFone, where he oversaw its acquisition by Francisco Partners in 2014, shaped the firm's focus on scaling recurring-revenue platforms. No target was publicly announced during the SPAC's active search window. The SPAC's trust was liquidated in 2023 after failing to complete a business combination within its permitted timeframe, a path taken by more than 100 blank-check vehicles in the post-2021 market downturn. Thompson and Bergeron returned the IPO proceeds to public shareholders and delisted the vehicle from Nasdaq. Infinite Eagle's structural differentiator was straightforward: an operator-led SPAC from a sponsor with deep payments and point-of-sale hardware experience, a contrast to the celebrity- and investor-led SPACs that dominated the 2020–21 cycle. The failure to close a deal is itself a marker of that cycle's unwinding.
General information
Firm type
Asset Manager
Year founded
2021
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Michael Thompson
Chief Executive Officer
Douglas Bergeron
Chairman
Sector focus
Frequently asked questions
Who made investment decisions at Infinite Eagle Acquisition Corp.?
Michael Thompson, as CEO, led deal sourcing and negotiation alongside Chairman Douglas Bergeron. The SPAC's SEC filings identified both as key persons, though the broader sponsor group and advisory board were not publicly detailed. Bergeron's operational background at VeriFone, a point-of-sale hardware and payments company he led through a take-private, informed the team's technical evaluation of targets.
Why did Infinite Eagle Acquisition Corp. liquidate?
The SPAC was unable to identify and complete a merger with a target company within the 18- to 24-month deadline standard for blank-check vehicles. A combination of inflated private-company valuations in its target sectors and tightening market conditions for de-SPAC transactions after 2022 made a viable deal unlikely. The trust liquidated in 2023, returning approximately $10.00 per share to public holders.
What types of companies did the SPAC intend to acquire?
According to its S-1 registration, Infinite Eagle targeted enterprise software, fintech, and digital health companies with enterprise values between $1 billion and $5 billion. The management team expressed particular interest in businesses with recurring revenue models and strong unit economics, a profile consistent with Bergeron's experience scaling subscription-based payments hardware and software.
What was Doug Bergeron's track record before the SPAC?
Doug Bergeron served as CEO of VeriFone from 2001 to 2014, during which he grew the payments terminal company to over $2 billion in revenue. He led VeriFone through a take-private acquisition by Francisco Partners in 2014, an experience that gave the SPAC credibility targeting enterprise technology assets. He also previously served as CEO of SunGard's brokerage division.
Is Infinite Eagle still operating or pursuing deals?
No. Infinite Eagle Acquisition Corp. dissolved after liquidating its trust in 2023 and returning capital to public shareholders. The entity no longer files periodic reports with the SEC and has no ongoing operations.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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