Aries I Acquisition Corporation
RAMMW
NASDAQ Capital Market0.05
USD
+0.00
- -
Aries I Acquisition Corporation
RAMMW
(NASDAQ Capital Market)
Recent
price
0.05
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Aries I Acquisition Corporation (NASDAQ:RAMMW) operates as a blank check company focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses; it generates no significant operations or revenue. The company targets opportunities primarily in aerospace, satellites and space exploration; quantum computing and chemistry; artificial intelligence and machine learning; cybersecurity; and blockchain and digital currencies, without limitation to a specific industry or geographic region. Aries I Acquisition Corporation was founded in 2021 and maintains its headquarters in Grand Cayman, Cayman Islands. In March 2023, the company announced the redemption of its public shares and elected not to consummate an initial business combination, resulting in the cancellation of public shares effective March 31, 2023, with shareholders entitled only to the redemption amount thereafter. Previously, Aries I Acquisition Corporation pursued a business combination with Infinite Assets, Inc. (d/b/a InfiniteWorld), a Web3 and metaverse infrastructure provider, entering a merger agreement in December 2021 and securing multiple deadline extensions through 2022 via trust account deposits from Aries Acquisition Partners, Ltd., though the transaction ultimately failed to close. The company's securities, including warrants traded under RAMMW, reflect its defunct merger vehicle status following liquidation.