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.