Aries I Acquisition Corporation Announces Extension of Deadline to Complete Business Combination

Aug 18, 2022

Aries I Acquisition Corporation (NASDAQ: RAMMU, RAM, RAMMW) (“Aries” or the “Company”), a special purpose acquisition company, announced today that, on August 16, 2022, it notified the trustee of the Company’s trust account that it was extending the time available to the Company to consummate a business combination from August 21, 2022 to September 21, 2022 (the “Extension”). The Extension is the first of up to twelve one-month extensions permitted under Aries’ governing documents. In connection with such Extension, on August 17, 2022, Aries Acquisition Partners, Ltd., the Company’s sponsor, deposited an aggregate of $80,362.03 into Aries’ trust account, on behalf of the Company. The Extension provides Aries with additional time to complete its proposed business combination with Infinite Assets, Inc. (“InfiniteWorld”), a Web3 and Metaverse infrastructure company that enables brands and creators to create, monetize, and drive consumer engagement with digital content.

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