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Name | Symbol | Market | Type |
---|---|---|---|
Aries I Acquisition Corporation | NASDAQ:RAMMU | NASDAQ | Trust |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 10.68 | 10.47 | 11.59 | 0 | 01:00:00 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 20, 2023 (
ARIES I ACQUISITION CORPORATION
(Exact name of registrant as specified in its charter)
Cayman Islands | 001-40421 | 98-1578649 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
23 Lime Tree Bay, P.O. Box 1569
Grand Cayman, Cayman Islands KY-1110
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: (630) 386-5288
Not
Applicable
(Former name or former address, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) |
Name of each exchange on which registered | ||
The Stock Market LLC | ||||
Class A ordinary shares, par value $0.0001 per share | RAM | The Nasdaq Stock Market LLC | ||
The Stock Market LLC |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 8.01. | Other Events |
On January 13, 2023, Aries I Acquisition Corporation (the “Company”) notified the trustee of the Company’s trust account (the “Trust Account”) that it was extending the time available to the Company to consummate its initial business combination from January 21, 2023 to February 21, 2023 (the “Extension”). The Extension provides the Company with additional time to complete a business combination. The Extension is the sixth of up to twelve (12) one-month extensions permitted under the Company’s governing documents.
Pursuant to the terms of the Company’s trust agreement, on January 19, 2023, in connection with the Extension, the Company’s sponsor, Aries Acquisition Partners, Ltd., deposited an aggregate of $80,362.03 into the Trust Account, on behalf of the Company. This deposit was made in respect of a non-interest bearing loan to the Company (the “Loan”). If the Company completes a business combination by February 21, 2023 (or by March 21, 2023, or by the 21st day of each of the immediately succeeding five (5) calendar months, to the extent that, prior to each such date, the Company exercises an additional one-month extension to extend the time to complete a business combination), the Company will repay the Loan out of the proceeds of the Trust Account released to the Company. If the Company does not complete its initial business combination by February 21, 2023 (or by March 21, 2023, or by the 21st day of each of the immediately succeeding five (5) calendar months, to the extent that, prior to each such date, the Company exercises an additional one-month extension to extend the time to complete a business combination), the Company will only repay the Loan from funds held outside of the Trust Account.
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits |
Exhibit No. | Description | |
104 | Cover Page Interactive Data File (embedded with the Inline XBRL document |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ARIES I ACQUISITION CORPORATION | ||
By: | /s/ Paul Wolfe | |
Name: Paul Wolfe | ||
Title: Chief Operating Officer | ||
Dated: January 20, 2023 |
1 Year Aries I Acquisition Chart |
1 Month Aries I Acquisition Chart |
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