Aries I Acquisition Corporation Announces Closing of $143.75 Million Initial Public Offering
May 21 2021 - 3:39PM
Business Wire
Aries I Acquisition Corporation (the “Company”) today announced
that it has closed its initial public offering of 14,375,000 units,
including 1,875,000 units issued pursuant to the full exercise of
the underwriters’ over-allotment option, at a price of $10.00 per
unit. The units are listed on The Nasdaq Stock Market LLC
(“Nasdaq”) and began trading under the ticker symbol “RAMMU” on May
19, 2021. Each unit consists of one Class A ordinary share and
one-half of one redeemable warrant, with each whole warrant
exercisable to purchase one Class A ordinary share of the Company
at a price of $11.50 per share. After the securities comprising the
units begin separate trading, the Class A ordinary shares and
warrants are expected to be listed on Nasdaq under the symbols
“RAM” and “RAMMW,” respectively.
Aries I Acquisition Corporation was founded by its Chairman,
Thane Ritchie. The Company is a blank check company whose business
purpose is to effect a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. While the Company may
pursue an initial business combination target in any industry or
geographic region, the Company intends to focus its initial
business combination search on the following industry segments:
aerospace, satellites, and space exploration; quantum computing and
chemistry; artificial intelligence and machine learning;
cybersecurity; and blockchain and digital currencies.
Wells Fargo Securities and Kingswood Capital Markets, division
of Benchmark Investments, Inc., acted as joint book-running
managers of the offering.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on May 18, 2021. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
The offering is being made only by means of a prospectus. When
available, copies of the prospectus relating to this offering may
be obtained from Wells Fargo Securities, LLC, Attention: Equity
Syndicate Department, 500 West 33rd Street, New York, New York,
10001, by telephone at (800) 326-5897 or by email at
cmclientsupport@wellsfargo.com; or from Kingswood Capital Markets,
division of Benchmark Investments, Inc., Attention: Syndicate
Department, 17 Battery Place, Suite 625, New York, New York
10004, by telephone at (212) 404-7002,
by fax at (646) 861-4697 or by email at
syndicate@kingswoodcm.com.
Forward Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering and search for an initial business combination. No
assurance can be given that the proceeds of the offering will be
used as indicated. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company’s registration statement for the initial public
offering filed with the SEC, which is available on the SEC’s
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210521005499/en/
Sam Collins Aries I Acquisition Corporation (647) 964-9643
scollins@ariescorp.io http://www.ariescorp.io/
Aries I Acquisition (NASDAQ:RAMMU)
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