Item 8.01. Other Events

On September 13, 2022, Aries I Acquisition Corporation, a Cayman Islands exempted company (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 September 21, 2022 to October 21, 2022 (the "Extension"). The Extension provides Aries with additional time to complete its proposed business combination with Infinite Assets, Inc., a Web3 and Metaverse infrastructure company that enables brands and creators to create, monetize, and drive consumer engagement with digital content. The Extension is the second 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 September 16, 2022, 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 October 21, 2022 (or by November 21, 2022, or by the 21st day of each of the immediately succeeding nine (9) 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 October 21, 2022 (or by November 21, 2022, or by the 21st day of each of the immediately succeeding nine (9) 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.

On September 19, 2022, Aries issued a press release, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K, announcing the Extension. A copy of the press release is filed as Exhibit 99.1 hereto.

Item 9.01 Financial Statements and Exhibits.






  (d) Exhibits




Exhibit No.     Description
  99.1            Press Release dated September 19, 2022
104             Cover Page Interactive Data File (embedded with the Inline XBRL
                document

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