Announced
Financials
Tags
United States
Majority
Private
Digital Services
digital services
Pending
Domestic
Acquisition
Friendly
Merger
De-SPAC
Single Bidder
Reverse Takeover
Synopsis
Infinite Assets, a Metaverse infrastructure platform that enables brands to create, monetize and drive consumer engagement with digital content, agreed to go public via a SPAC merger with Aries I Acquisition in a $700m deal. “With the unique combination of our infrastructure and next-gen content production, InfiniteWorld is one of the ultimate partners for brands and the future of their digital content in the Metaverse. We look forward to accelerating our platform development, building more brand partnerships and driving sustainable growth and value creation for our stakeholders," Yonathan Lapchik, InfiniteWorld CEO. On May 16, 2022, Aries I Acquisition announces extension of deadline to complete business combination from May 21, 2022 to August 21, 2022. On August 16, 2022, Aries I Acquisition announces extension of deadline to consummate a business combination with Infinite Assets from August 21, 2022, to September 21, 2022
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