Current Report Filing (8-k)
January 23 2023 - 5:01AM
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2023-01-13
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RAM:RedeemableWarrantsEachWarrantExercisableForOneClassOrdinaryShareEachAtExercisePriceOf11.50PerShareMember
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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 (January 13, 2023)
ARIES I ACQUISITION CORPORATION
(Exact name of registrant as specified in its charter)
Cayman Islands |
|
001-40421 |
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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 |
Units, each consisting of one share of Class A ordinary share and one-half of one redeemable warrant |
|
RAMMU |
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The Nasdaq Stock Market LLC |
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|
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Class A ordinary shares, par value $0.0001 per share |
|
RAM |
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The Nasdaq Stock Market LLC |
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|
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Redeemable warrants, each warrant exercisable for one Class A ordinary share, each at an exercise price of $11.50 per share |
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RAMMW |
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The Nasdaq 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) |
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¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
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¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
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¨ |
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.
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. |
Exhibit No. |
|
Description |
104 |
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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.
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ARIES I ACQUISITION CORPORATION |
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By: |
/s/ Paul Wolfe |
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Name: Paul Wolfe |
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Title: Chief Operating Officer |
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Dated: January 20, 2023 |
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