- A special purpose acquisition firm Aries I Acquisition (NASDAQ:RAMMU) said it was extending the time available to the company to consummate a business combination to September 21 from August 21.
- The Extension provides Aries with additional time to complete its proposed business combination with Infinite Assets, a Web3 and Metaverse infrastructure company that enables brands and creators to create, monetize, and drive consumer engagement with digital content.
- The Extension is the first of up to twelve one-month extensions permitted under Aries’ governing documents.
- On August 17, Aries Acquisition Partners, the company’s sponsor, deposited an aggregate of $80,362.03 into Aries’ trust account, on behalf of the Company.