InfiniteWorld Announces Participation in South by Southwest Conference 2022

Rhea-AI Summary

Infinite Assets, Inc. (“InfiniteWorld”) announced its participation in the Creative Industries Expo at SXSW 2022, taking place from March 13-16 in Austin, Texas. This marks InfiniteWorld's first attendance at the event, aiming to display its product range to brands and creators keen on the metaverse. Additionally, InfiniteWorld's merger with Aries I Acquisition Corporation (NASDAQ: RAM) is expected to close in the first half of 2022, resulting in a new Nasdaq listing under the ticker symbol “JPG.”

Positive

• Participation in SXSW 2022 enhances brand visibility and engagement.
• Merger with Aries I Acquisition Corporation positions InfiniteWorld for growth and a new Nasdaq listing.

Negative

• The approval for the proposed business combination with Aries is uncertain.

MIAMI--(BUSINESS WIRE)-- Infinite Assets, Inc. (“InfiniteWorld”), a leading Metaverse infrastructure platform that enables brands to create, monetize and drive consumer engagement with digital content, announced today their participation in the Creative Industries Expo at the South by Southwest Conference & Festival (SXSW).

SXSW 2022 will be held in Austin, Texas at the Austin Convention Center from March 13, 2022 to March 16, 2022. The conference is a renowned event that revolves around creativity, entertainment, and innovation. This year will be InfiniteWorld’s first time in attendance, and the company will showcase its renewed range of products and engage with all the brands and creators interested in entering the metaverse. InfiniteWorld will have a booth at the Creative Industries Expo which will be located near the brand experience pavilion. A map of the event and InfiniteWorld’s booth can be found here.

On December 13 2021, InfiniteWorld announced its entry into a definitive business combination agreement with Aries I Acquisition Corporation (Nasdaq: RAM). Upon the closing of the business combination, which is expected during the first half of 2022, the combined company is expected to be listed on the Nasdaq Global Select Market under the new ticker symbol, “JPG.”

About Aries I Acquisition Corporation

Aries I Acquisition Corporation was founded by its Chairman, Thane Ritchie. The Company is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any industry or geographic region, the Company intends to focus its initial business combination search on the following industry segments: aerospace, satellites, and space exploration; quantum computing and chemistry; artificial intelligence and machine learning; cybersecurity; and blockchain and digital currencies.

About InfiniteWorld

InfiniteWorld, part of the Suku Ecosystem, is dedicated to provide Plug & Play NFT infrastructure and utility to enable global brands to build their identity on the metaverse in a scalable, secure and innovative way. At InfiniteWorld, we help brands and creators increase engagement, traceability and authenticity for real world and virtual products, events, and interactive experiences. With InfiniteWorld's own NFT marketplace, NFC tags authenticity technology, white-label NFT marketplace solution, and NFT utility tools, InfiniteWorld is the go-to place for brands and creators venturing into the Metaverse!

Additional Information and Where to Find It

Aries intends to file a registration statement on Form S-4 (the “Registration Statement”) with the SEC which will include a proxy statement and a prospectus of Aries, and each party will file other documents with the SEC regarding the proposed transaction. A definitive proxy statement/prospectus will also be sent to the shareholders of Aries, seeking any required shareholder approval. Before making any voting or investment decision, investors and security holders of Aries are urged to carefully read the entire Registration Statement and proxy statement/prospectus, when they become available, and any other relevant documents filed with the SEC, as well as any amendments or supplements to these documents, because they will contain important information about the proposed transaction. Aries shareholders and InfiniteWorld stockholders will also be able to obtain copies of the preliminary Proxy Statement, the definitive Proxy Statement and other documents filed with the SEC, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to Aries’s secretary at 90 N. Church Street, P.O. Box 10315, Grand Cayman, Cayman Islands KY-1003.

No Offer or Solicitation

This communication and any oral statements made in connection with this communication are for informational purposes only and shall not constitute a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the transaction, and are not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy or subscribe for any securities or a solicitation of any vote of approval, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.

Participants in Solicitation

Aries and its directors and executive officers may be deemed participants in the solicitation of proxies from Aries’s shareholders with respect to the proposed Business Combination. A list of the names of those directors and executive officers and a description of their interests in Aries is contained in Aries’s registration statement on Form S-1 (File No. 333-253806), which was declared effective by the SEC on May 18, 2021. To the extent such holdings of Aries’s securities may have changed since that time, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the interests of such participants will be contained in the Proxy Statement for the proposed Business Combination when available.

InfiniteWorld and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from Aries’s shareholders with respect to the proposed Business Combination. A list of the names of such directors and executive officers and information regarding their interests in the proposed Business Combination will be included in the Proxy Statement for the proposed Business Combination when available.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements made in this press release, and oral statements made from time to time by representatives of Aries and InfiniteWorld are “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Statements regarding the proposed business combination and expectations regarding the combined business are “forward-looking statements.” In addition, words such as “estimates,” “projects,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “would,” “should,” “future,” “propose,” “target,” “goal,” “objective,” “outlook” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the control of the parties, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.

Important factors, among others, that may affect actual results or outcomes include: the inability of the parties to complete the proposed Business Combination; the risk that the approval of the shareholders of Aries for the proposed Business Combination is not obtained; the inability to recognize the anticipated benefits of the proposed Business Combination, which may be affected by, among other things, the amount of funds available in Aries’ trust account following any redemptions by Aries’ shareholders; the ability to meet the NASDAQ’s listing standards following the consummation of the transactions contemplated by the proposed Business Combination; costs related to the proposed Business Combination; and those factors discussed in the registration statement and final prospectus relating to Aries’ initial public offering filed with the SEC on May 18, 2021, Item 1A. Risk Factors of the Form 10-Q for the quarter ended September 30, 2021 filed with the SEC on November 22, 2021 and other documents of Aries filed, or to be filed, with the SEC. Aries and InfiniteWorld do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220309005862/en/

Media

Keil Decker

ICR for InfiniteWorld and Aries

(646) 677-1854

Keil.Decker@icrinc.com



Investors

Ashley DeSimone

ICR for InfiniteWorld and Aries

(646) 677-1827

Ashley.DeSimone@icrinc.com

Source: Aries I Acquisition Corporation

FAQ

What is InfiniteWorld's participation in SXSW 2022?

InfiniteWorld will showcase its metaverse products at the Creative Industries Expo from March 13-16, 2022.

When is the business combination between InfiniteWorld and Aries I Acquisition Corporation expected to close?

The merger is expected to close in the first half of 2022.

What will be the new ticker symbol for InfiniteWorld after the merger with Aries?

The combined company will be listed under the new ticker symbol 'JPG' on Nasdaq.

What are the risks associated with the business combination between InfiniteWorld and Aries?

The approval from Aries shareholders for the merger is uncertain, which poses a risk to completion.