Metaverse Company InfiniteWorld to Go Public in $700M SPAC Merger

Metaverse Company InfiniteWorld to Go Public in 0M SPAC Merger
Metaverse infrastructure platform Infinite Assets, also known as InfiniteWorld, will go public in a merger with special purpose acquisition company (SPAC) Aries I Acquisition Corp.The combined company will have a pro-forma equity value of $700 million and will trade on the Nasdaq under the “JPG” ticker, the companies said in a statement Monday. The deal is scheduled to close in the first half of next year.InfiniteWorld helps brands create and monetize digital assets and non-fungible tokens (NFTs) and engage with consumers and fans. The company says it has partnered with over 75 creators and brands. InfiniteWorld recently combined with strategic…