Item 4.02. Non-Reliance on Previously Issued Financial Statements or a Related
Audit Report or Completed Interim Review.
On August 9, 2022, the management and Audit Committee of Aries I Acquisition
Corporation (the "Company"), after consultation with Marcum LLP, the Company's
independent registered public accounting firm, concluded (1) that the financial
statements included in the following Company periodic reports filed with the SEC
contained errors related to the inaccurate reporting of the Class A ordinary
shares subject to possible redemption at redemption value: (i) the Form 8-K,
filed on May 28, 2021 (the "8-K"); (ii) the Quarterly Report on Form 10-Q for
the quarter ended June 30, 2021, filed on August 16, 2021 (and subsequently
amended on March 30, 2022) (as amended, the "June 2021 10-Q"), (iii) the
Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, filed on
November 22, 2021 (and subsequently amended on March 30, 2022) (as amended, the
"September 2021 10-Q"), (iv) the Quarterly Report on Form 10-Q for the quarter
ended March 31, 2022, filed on May 16, 2022 (the "March 2022 10-Q" and,
collectively with the June 2021 10-Q and the September 2021 10-Q, the "10-Qs"),
and (v) the Annual Report on Form 10-K for the year ended December 31, 2021,
filed on March 31, 2022 (the "10-K"), and (2) that the financial statements
included in the 8-K, the 10-Qs and the 10-K should no longer be relied upon. In
light of these errors, the Company plans to amend and restate the financial
statements included in the 10-Qs and the 10-K, which amendments and restatements
will be filed as soon as practicable. The Company does not expect any of the
above changes will have any impact on its cash position and cash held in the
trust account.
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