Aries I Acquisition Corp. (RAMMU) Prices $125M IPO


Aries I Acquisition Corp. (RAMMU) Prices $125M IPO

May 19, 2021 IPOs by Marlena Haddad

Aries I Acquisition Corp. announced the pricing of its $125 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RAMMU” Wednesday, May 19.

The new SPAC aims to combine with a technology-first company that is a leader in aerospace, space exploration, quantum computing, AI, cybersecurity, or blockchain. Aries I is led by CEO Randy Brinkley, CFO Nathan Smith, and COO Paul Wolfe.

Total SPAC deal count for 2021 year-to-date is now 322. This offering is expected to close on Friday, May 21.

Wells Fargo Securities and Kingswood Capital Markets are acting as the joint book-running managers of the offering. Winston & Strawn LLP is serving as Issuer’s Counsel with Proskaeur Rose LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.