InfiniteWorld Plans to Go Public via Merger With Aries I Acquisition Corporation (JPG)
December 13, 2021
InfiniteWorld (Infinite Assets, Inc.), a metaverse infrastructure platform, entered into a definitive agreement to combine with Aries I Acquisition Corporation, a Nasdaq-listed SPAC, to become a publicly traded company. The transaction is expected to value the combined company at approximately $700 million (pro forma equity value), with InfiniteWorld stockholders rolling 100% of their equity and owning about 74.5%–81% depending on share price milestones.
- Buyers
- Aries I Acquisition Corporation
- Targets
- Infinite Assets, Inc. (InfiniteWorld), DreamView, Inc. (combined with InfiniteWorld prior to the deal)
- Platforms
- InfiniteWorld
- Industry
- Cloud & SaaS
- Location
- United States
- Transaction Type
- Buyout
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