Aries I Acquisition Corp. Announces Closing of US$143.75M IPO

Winston & Strawn LLP represented Aries I Acquisition Corp., a special purpose acquisition corporation, in the closing of its IPO of 14,375,000 units, including 1,875,000 units issued pursuant to the full exercise of the underwriters’ over-allotment option, at a price of US$10.00 per unit. The units are listed on Nasdaq and began trading under the ticker symbol “RAMMU” on May 19, 2021. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share of the Company at a price of US$11.50 per share. After the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “RAM” and “RAMMW,” respectively.