NEW YORK – Global law firm Reed Smith has advised Infinite Assets, Inc. (InfiniteWorld), a leading metaverse infrastructure platform, in a de-SPAC with Aries I Acquisition Corporation (NASDAQ: RAM), a special purpose acquisition company (SPAC), for a business combination that will result in InfiniteWorld becoming a publicly traded company listed on the Nasdaq.
Upon closing the transaction, with a pro forma equity value of approximately $700 million, the combined company will be listed under the ticker symbol “JPG.” InfiniteWorld provides leading global brands, creators, and Web3 companies with the infrastructure necessary to create digital assets and non-fungible tokens (NFTs), as well as engage with customers in the metaverse.
Corporate M&A partner Jennifer W. Cheng (New York) led the Reed Smith team, which included Susan Nieto (counsel, Philadelphia), and associates Terrence Fairfield (New York), Emerson Bianchi (New York), Anya Lernatovych (Pittsburgh), Luke Meyerson (New York), and Neimann Gipson (Houston).
Additional information can be found at businesswire.com.