Aries I Acquisition Corporation Announces Board Change
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.
- Continued advisory support from Petros Kitsos, ensuring access to his expertise.
- Focus on various high-growth industry segments such as AI and blockchain enhances strategic positioning.
- Potential disruption in board dynamics following Kitsos's resignation.
Aries I Acquisition Corporation (Nasdaq: RAM) (Nasdaq: RAMMU) ("Aries" or the "Company") announced that Petros Kitsos has resigned as a member of the Board of Directors of the Company in order to concentrate his efforts on building his family office. Mr. Kitsos will continue to serve Aries in an advisory role. His resignation will be effective July 23, 2021.
Aries CEO Randy Brinkley commented: "Petros has been a valued member of the Aries Board and we would like to express our sincere gratitude for his hard work and significant contributions in that role. We will continue to leverage his advice and industry expertise going forward."
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.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and search for an initial business combination. No assurance can be given that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement for the initial public offering filed with the SEC, which is available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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