Infinity Cross Border Acquisition Corporation (Nasdaq: INXB) and Glori Energy Inc. announced that they have entered into a merger and share exchange agreement, in a transaction valued at $185 million. Following the completion of the transaction, the new enterprise will be called Glori Energy Inc. and is expected to be listed on the Nasdaq Capital Market under the ticker symbol GLRI. In connection with the transaction, Infinity’s sponsors and other investors agreed to purchase between $8.5 million and $25.0 million of shares of Infinity Acquisition’s common stock at $8.00 per share.

Bryant Park Capital initiated the introduction of Infinity Cross Border Acquisition Corporation to Glori Energy.