Item 8.01. Other Events
On January 13, 2023, Aries I Acquisition Corporation (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 January 21, 2023 to February 21, 2023 (the "Extension"). The
Extension provides the Company with additional time to complete a business
combination. The Extension is the sixth 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 January 19, 2023, 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 February 21, 2023 (or by March 21, 2023, or by the 21st day of
each of the immediately succeeding five (5) 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 February 21,
2023 (or by March 21, 2023, or by the 21st day of each of the immediately
succeeding five (5) 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.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
104 Cover Page Interactive Data File (embedded with the Inline XBRL
document© Edgar Online, source Glimpses
ARIES I ACQUISITION CORPORATION 
