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BRIEF-Infiniteworld, Announces Plans To Become A Publicly Traded Company Via A Merger With Aries I Acquisition Corporation

reuters · Dec 13, 2021 07:10

Dec 13 (Reuters) - Aries I Acquisition Corp RAM.O :

* INFINITEWORLD, A LEADING METAVERSE INFRASTRUCTURE PLATFORM FOR BRANDS, ANNOUNCES PLANS TO BECOME A PUBLICLY TRADED COMPANY VIA A MERGER WITH ARIES I ACQUISITION CORPORATION

* ARIES I ACQUISITION CORP - DEAL FOR PRO FORMA EQUITY VALUE OF APPROXIMATELY $700 MILLION

* ARIES I ACQUISITION CORP - COMBINED COMPANY IS EXPECTED TO BE LISTED ON NASDAQ GLOBAL SELECT MARKET UNDER TICKER SYMBOL "JPG"

* ARIES I ACQUISITION CORP - INFINITEWORLD'S STOCKHOLDERS WILL ROLL 100% OF THEIR EXISTING EQUITY INTO TRANSACTION

* ARIES I ACQUISITION CORP - INFINITEWORLD OWNS CRYPTOCURRENCIES VALUED AT APPROXIMATELY $93 MILLION BASED ON RECENT PRICES ON COINBASE

* ARIES I ACQUISITION CORP - INFINITEWORLD STOCKHOLDERS AND ARIES SPONSOR HAVE AGREED TO CUSTOMARY LOCK-UP TERMS

* ARIES I ACQUISITION CORP - BUSINESS COMBINATION IS EXPECTED TO CLOSE IN FIRST HALF OF 2022

Source text for Eikon: ID:nBwc5JMZqa Further company coverage: RAM.O

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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