Cayman Islands–(BUSINESS WIRE)– Aries Eye Acquisition Corporation (NASDAQ: RAMMU, RAM, RAMMW) (“Aries” or “Company”), a special purpose acquisition company, announced today that it has informed on September 13, 2022, the trustee of the Special Trust Fund the Company that it was extending the time available to the Company to complete the business combination from September 21, 2022, to October 21, 2022 (the “Extension”). The extension is the second extension of up to twelve months allowed under Aries’ governing documents. In connection with this extension, on September 16, 2022, Aries Acquisition Partners, Ltd. , the company’s sponsoring company, has a total of $80,362.03 in the Aries Trust Account, on behalf of the company. The extension provides Aries with additional time to complete the proposed portfolio of business with Infinite Assets, Inc. (“InfiniteWorld”), a Web3 and Metaverse infrastructure company that enables brands and creators to create, monetize, and drive consumer interaction with digital content.
About Aries I Acquisition Corporation
Aries was founded by its president, Thane Ritchie. Aries is a special purpose acquisition company whose business objective is to bring about a merger, capital exchange, acquisition of assets, stock purchase, reorganization, or similar business combination with one or more companies. On December 13, 2021, Aries and InfiniteWorld announced that they had entered into a definitive business combination agreement. The closing of the business group is subject to the usual closing conditions including the approval of the shareholders of Aries.
InfiniteWorld is a leading provider of Web3 infrastructure and Metaverse that empowers brands and creators to create, monetize, and drive consumer engagement and experiences with digital content. InfiniteWorld is preparing to go public through a business merger with Aries I Acquisition Corporation (Nasdaq: RAM), a special purpose acquisition company. The company has attracted much attention from brands and creators for its ability to create immersive programming around NFTs and other digital assets that deliver high-level experiences and engagement to consumers and their communities.
No offer or solicitation
This press release is not a representation or solicitation of a warrant, approval or authorization in connection with any securities or in connection with a potential transaction and does not constitute an offer to sell or the solicitation of an offer to buy any securities from Aries or InfiniteWorld, and none of these securities may be sold in any jurisdiction or a jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction. No offer of securities may be made except through a prospectus that meets the requirements of the Securities Act.
Additional important information regarding the transaction will be submitted to the Securities and Exchange Commission
In connection with the proposed business combination, Aries intends to file a registration statement with the US Securities and Exchange Commission (“SEC”) in Form S-4 containing the initial proxy statement and the initial prospectus for Aries, and after the registration statement has been declared effective, Aries will send a statement Power of attorney/prospectus relating to the proposed business combination to its shareholders and the shareholders of InfiniteWorld. This press release does not contain all information that should be considered in connection with a proposed business combination and is not intended to form the basis of any investment or other decision regarding a business combination. Aries shareholders and other interested persons are advised to read the preliminary power of attorney/prospectus and amendments thereto, final power of attorney/prospectus and other documents filed in connection with the proposed business package, when available, as these materials will contain important information about InfiniteWorld, Aries and the proposed business package . When available, the final proxy statement/prospectus and other relevant materials for the proposed business combination will be mailed to Aries shareholders as of a standard date to be determined to vote on the proposed combination of business. These shareholders will also be able to obtain copies of the initial power of attorney statement/prospectus, final power of attorney statement/prospectus and other documents filed with the Securities and Exchange Commission, free of charge, as soon as they are available, on the company’s website at www.sec.govor by directing a request to Aries I Acquisition Corporation, 23 Lime Tree Bay, PO Box 1569 Grand Cayman, Cayman Islands.
Participants in the bid
Aries and InfiniteWorld and their respective directors, officers, and other members of management and employees may, under the rules of the SEC, be deemed to have participated in the solicitation of agents of Aries shareholders in connection with the proposed transaction. Information about persons who, under SEC rules, are involved in an Aries shareholder application in connection with the proposed business combination will be specified in the Aries registration statement on Form S-4, including the proxy statement/prospectus, when it is filed with the SEC. Investors and securities holders can obtain more detailed information regarding the names and interests in the proposed transaction of Aries directors and officers in Aries files with the Securities and Exchange Commission, and this information will also be in the registration statement to be submitted to the SEC by Aries, which will include a statement Power of attorney/Aries prospectus for the proposed transaction.
Cautionary statement regarding forward-looking statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the US Securities Litigation Reform Act of 1995. Actual results of Aries’ and InfiniteWorld may differ from their expectations, estimates, and projections, and therefore, you should not rely on these forward-looking statements as predictions. for future events. Words such as “expect,” “estimate,” “project,” “budget,” “expect,” “expect,” “intend,” “plan,” “may,” “will,” “could,” “should,” aim “believe,” “predict,” “potential,” “continue,” and similar expressions (or negative versions of such words or expressions) limit such forward-looking statements. These forward-looking statements include, but are not limited to, the fulfillment of the closing conditions for the proposed business combination, and the timing of completion of the proposed business combination. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are beyond Aries’s and InfiniteWorld’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (i) the occurrence of any event, change or other circumstances that may result in the termination of the definitive business combination agreement (“Agreement”); (ii) as a result of any legal action that may be brought against Aries and InfiniteWorld following the announcement of the Agreement and the transactions set forth therein; (iii) the inability to complete the proposed business combination, including failure to obtain Aries and InfiniteWorld shareholder approval, or certain regulatory approvals, or to meet other closing conditions in the Agreement; (iv) the occurrence of any event, change or other circumstance that could terminate the Agreement or otherwise cause the transaction to fail; (v) the impact of COVID-19 on InfiniteWorld’s business and/or the parties’ ability to complete the proposed set of business; (6) the risk that the proposed business combination will disrupt existing plans and operations as a result of the announcement and completion of the proposed business combination; (vii) Costs related to the proposed business combination. (8) changes in applicable laws or regulations; (ix) the potential for InfiniteWorld or Aries to be adversely affected by other economic, commercial and/or competitive factors; and (10) other risks and uncertainties referred to from time to time in Aries’ final prospectus for its initial public offering, including those falling under the “Risk Factors” contained therein, and in other Aries filings with the Securities and Exchange Commission. Aries cautions that the list of the above factors is not exhaustive. Aries cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. Aries does not undertake or accept any obligation or undertaking to publicly disclose any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, circumstances or conditions on which such statement is based.
NRPR Collection – For InfiniteWorld
ICR for InfiniteWorld and Aries
Ashley de Simone
ICR for InfiniteWorld and Aries
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