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Aries I Acquisition Corporation (NASDAQ: RAM, RAMMU, RAMMW) has extended its deadline to finalize a business combination with Infinite Assets, Inc. from September 21, 2022, to October 21, 2022. This marks the second of up to twelve allowable monthly extensions. To facilitate this, Aries Acquisition Partners, Ltd. deposited $80,362.03 into Aries' trust account. The merger with InfiniteWorld, a leading Web3 and Metaverse company, aims to enhance consumer engagement through digital content monetization.
Aries I Acquisition Corporation (NASDAQ: RAM, RAMMU, RAMMW) announced an extension of the deadline to finalize its business combination with Infinite Assets, Inc. from August 21, 2022, to September 21, 2022. This marks the first of up to twelve one-month extensions allowed under its governing documents. In support of this Extension, Aries Acquisition Partners, Ltd. deposited $80,362.03 into Aries' trust account. The merger with InfiniteWorld, a prominent Web3 and Metaverse infrastructure provider, aims to enhance consumer engagement through digital content.
Aries I Acquisition Corporation (NASDAQ: RAM, RAMMU, RAMMW) has extended its deadline to finalize a business combination with Infinite Assets, Inc. from May 21, 2022, to August 21, 2022. This extension, the first of two allowed, includes a $1,078,125 deposit from Aries Acquisition Partners, Ltd. to its trust account. Infinite Assets, a Metaverse infrastructure platform, aims to enhance digital consumer engagement for brands. The upcoming business combination is expected to significantly impact both companies' operations and market presence.
Aries I Acquisition Corporation (Nasdaq: RAM, RAMMU) announced the resignation of Petros Kitsos from its Board of Directors effective July 23, 2021, to focus on his family office. Kitsos will remain with Aries in an advisory capacity. CEO Randy Brinkley praised Kitsos for his contributions. Aries I Acquisition Corporation is a blank check company aiming for mergers in sectors like aerospace, artificial intelligence, and blockchain. The company cautions that forward-looking statements are subject to numerous conditions and potential risks.
Aries I Acquisition Corporation has successfully completed its IPO, offering 14,375,000 units at $10.00 each, including 1,875,000 units from the underwriters' over-allotment. The units will trade on Nasdaq under the symbol 'RAMMU.' Each unit consists of one Class A ordinary share and a half warrant, with warrants exercisable at $11.50 per share. The company is focused on mergers, particularly in aerospace, AI, cybersecurity, and blockchain. Wells Fargo Securities and Kingswood Capital Markets served as joint book-running managers for this offering.
Aries I Acquisition Corporation has priced its initial public offering (IPO) of 12,500,000 units at $10.00 each, set to trade on Nasdaq under the ticker symbol RAMMU starting May 19, 2021. Each unit includes one Class A ordinary share and one-half redeemable warrant, with full warrants allowing share purchase at $11.50. The offering is expected to close on May 21, 2021, with underwriters given a 45-day option to buy an additional 1,875,000 units. The Company aims to pursue business combinations primarily in aerospace, quantum computing, and AI.
