{"id":54604,"date":"2021-12-13T18:56:59","date_gmt":"2021-12-13T16:56:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=54604"},"modified":"2025-09-03T21:15:58","modified_gmt":"2025-09-03T18:15:58","slug":"infiniteworld-to-go-public-on-nasdaq-via-merger-with-spac-aries-i-acquisition-corp","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/infiniteworld-to-go-public-on-nasdaq-via-merger-with-spac-aries-i-acquisition-corp\/","title":{"rendered":"InfiniteWorld to go public on Nasdaq via merger with SPAC Aries I Acquisition Corp."},"content":{"rendered":"<p>An infrastructure platform for metaverses and <span data-descr=\"non-fungible tokens\" class=\"old_tooltip\">NFTs<\/span> InfiniteWorld will go public on Nasdaq via a merger with <span data-descr=\"special purpose acquisition company\" class=\"old_tooltip\">SPAC<\/span> Aries I Acquisition Corp.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re pleased to share that InfiniteWorld has entered into a definitive agreement for a business combination with Aries I Acquisition Corporation (NASDAQ: RAM) that is expected to result in InfiniteWorld becoming a publicly-traded company listed on the Nasdaq Global Select Market<\/p>\n<p>\u2014 InfiniteWorld (@infinitebysuku) <a href=\"https:\/\/twitter.com\/infinitebysuku\/status\/1470398766205255689?ref_src=twsrc%5Etfw\">December 13, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The anticipated valuation of the new company is $700 million. The securities will carry the ticker JPG. The deal is expected to close in the first half of 2022.<\/p>\n<p>InfiniteWorld shareholders will own about 74.5% of the merged company and up to 81% if certain stock-price targets are met, with the share price ranging from $15 to $25 per share.<\/p>\n<p>According to the statement, this move will accelerate platform development and expand partnerships with brands.<\/p>\n<p>InfiniteWorld helps brands create and monetise digital assets and NFTs, as well as engage with consumers and fans.<\/p>\n<p>Earlier, the metaverse platform Zepeto from leading South Korean internet company NAVER Corporation <a href=\"https:\/\/forklog.com\/en\/news\/softbank-invests-150-million-in-zepeto-metaverse-platform\">raised $150 million from SoftBank<\/a>.<\/p>\n<p>In December, the investment company Sfermion <a href=\"https:\/\/forklog.com\/en\/news\/alan-howard-and-cmt-digital-back-a-100m-metaverse-fund\">raised $100 million<\/a> to build a metaverse. For the same purpose, the KuCoin bitcoin exchange <a href=\"https:\/\/forklog.com\/en\/news\/kucoin-launches-100-million-fund-to-invest-in-metaverses\">launched a $100 million fund<\/a>.<\/p>\n<p>Grayscale has forecast that the annual revenue of the Web 3.0 metaverse sector could reach $1 trillion.<\/p>\n<p>Subscribe to ForkLog\u2019s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An infrastructure platform for metaverses and NFTs, InfiniteWorld, will go public on Nasdaq via a merger with SPAC Aries I Acquisition Corp.<\/p>\n","protected":false},"author":1,"featured_media":54605,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1235,1353,1213,1361],"class_list":["post-54604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-mergers-and-acquisitions","tag-metaverses","tag-nft","tag-virtual-world-innovations"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=54604"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54604\/revisions"}],"predecessor-version":[{"id":54606,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54604\/revisions\/54606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/54605"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=54604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=54604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=54604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}