MIAMI–(BUSINESS WIRE)–Infinite Assets, Inc. (“InfiniteWorld”), Today, Metaverse and Web3 announced their strategic acquisition of Super Bit Machine. This independent gaming studio is part of the Metaverse and Web3 infrastructure companies. Armajet developer, founded by industry veterans with experience running massive multiplayer “Top 10” grossing games on iOS and Android, including Bingo Blitz Buffalo Studios. This acquisition will enhance InfiniteWorld’s ability offer best-in class Web3 and Metaverse experiences for brands and creators. With the addition of real time multiplayer game development capabilities, it will now be part its core offerings portfolio. This acquisition is a sign of the continuing crossover between blockchain gaming platforms and traditional gamer experiences. It connects traditional games that are currently delivered through mobile devices and PCs with dynamic Web3 functionality.
“The true gateway to the Metaverse is through gaming and we’re thrilled to have acquired a proven leader in that space that understands and values the traditional gamer experience,” said Brad Allen, CEO of InfiniteWorld. “By partnering with veteran game developers who’ve made significant strides in their industry, we’re taking a natural step towards becoming the go-to for brands and creators looking to enter the Web3 space. We look forward to continuing to push the limits of what is possible by amplifying the expertise and vision of our new Super Bit Machine team members.”
“We believe gaming is central to scaling mass adoption of Web3,” said Alexander Krivicich, founder of Super Bit Machine. “We’ve been at the forefront of creating cross-platform, cross-play competitive gaming experiences, and we understand that the future of these interactions will take place in the Metaverse. InfiniteWorld is a leader in Metaverse technology and continues to integrate gaming into its strategy for creators and brands. By combining our work with InfiniteWorld’s Web3 capabilities and Metaverse infrastructure expertise, we can show the world what a Web3-enabled gaming platform should look like, while building the proper infrastructure to connect third parties to the platform. We’re excited to take these Metaverse gaming experiences to the next level and show brands how to enter Web3 the right way. We’re firm believers that new technologies can never replace creating a well-designed and thoughtful experience that will resonate with players.”
Super Bit Machine was founded in 2015 and was the first company to offer fast-paced, multiplayer competitive games to the mobile gaming industry. InfiniteWorld’s acquisition of Super Bit Machine lays the foundation for high-quality Web3 and Metaverse experiences where traditional gamers and the masses can connect together seamlessly on any platform without the need for robust hardware. This strategic acquisition represents the next step forward in InfiniteWorld’s mission to continue partnering with industry leaders that can help their team create powerful experiences in the Metaverse.
Super Bit Machine
Super Bit Machine is an independent gaming company founded by industry veterans. They are focused on creating spectator-friendly, competitive games that bring people together across platforms. Its flagship title is Armajet, is a highly competitive action game that has won several awards, including Apple’s Game of the Day in the US and internationally. Armajet is built on Super Bit Machine’s proprietary low-latency, real-time multiplayer netcode and platform to enable cross-platform play between mobile, PC, and console at scale. Over a decade, the Super Bit Machine team has collaborated across multiple studios. They have led acquisitions to Zynga and Caesars Interactive Entertainment as well as to Playtika and Zynga.
InfiniteWorld is a Web3 and Metaverse infrastructure company. It enables creators and brands to create, monetize, drive consumer engagement and experiences using digital content. InfiniteWorld, a special purpose acquisition firm, is poised for a public trading company by a business combination. The company is highly sought-after by creators and brands for its ability create immersive programs around NFTs, and other digital assets that offer high level experiences and engagement for their communities.
About Aries I Acquisition Corporation
Thane Ritchie, its chairman, founded Aries I Acquisition Corporation. Aries is a special purpose acquisition firm whose purpose is to effect a merger or capital stock exchange, asset purchase, stock purchase, reorganization, or similar business combination with one of its businesses. Aries and InfiniteWorld signed a definitive business combination agreement on December 13, 2021. Closing of this business combination is subjected to customary closing conditions, including the approval by the shareholders of Aries.
For materials and information, visit https://www.infiniteworld.com/ for InfiniteWorld and https://www.ariescorp.io/ for Aries.
No Solicitation or Offer
This press release does not constitute a proxy statement, solicitation of proxy, consent, or authorization with regard to any securities, or in respect to the potential transaction. It also does not constitute an offer or solicitation to buy securities of Aries and InfiniteWorld. Nor will it be sold in any state or jurisdiction where such offer, solicitation, or sale would be illegal prior to registration or qualification according to the securities laws of such state. Except for a prospectus conforming to the Securities Act, no offer of securities may be made.
Important Additional Information About the Transaction Will be Filed with the SEC
In connection with the proposed business combination, Aries intends to file with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 containing a preliminary proxy statement and a preliminary prospectus of Aries, and after the registration statement is declared effective, Aries will mail a definitive proxy statement/prospectus relating to the proposed business combination to its shareholders and InfiniteWorld’s shareholders. This press release is not complete and does not include all information about the proposed business combination. It is not intended to be used as a basis for any investment decision or other decision regarding the business combination. Aries’s shareholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus and the amendments thereto and the definitive proxy statement/prospectus and other documents filed in connection with the proposed business combination, as these materials will contain important information about InfiniteWorld, Aries and the proposed business combination. Aries shareholders will receive the definitive proxy/prospectus and any other relevant materials on the proposed combination as soon as they are available. This will be done prior to the record date for voting on the proposed combination. Such shareholders will also be able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other documents filed with the SEC, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to Aries I Acquisition Corporation, 23 Lime Tree Bay, P.O. Box 1569 Grand Cayman in the Cayman Islands
Participants in the Solicitation
Aries and InfiniteWorld and their respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Aries’ shareholders in connection with the proposed transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of Aries’ shareholders in connection with the proposed business combination will be set forth in Aries’ registration statement on Form S-4, including a proxy statement/prospectus, when it is filed with the SEC. Investors and security holders may obtain more detailed information regarding the names and interests in the proposed transaction of Aries’ directors and officers in Aries’ filings with the SEC and such information will also be in the Registration Statement to be filed with the SEC by Aries, which will include the proxy statement/prospectus of Aries for the proposed transaction.
Cautionary Statement regarding Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Aries’ and InfiniteWorld’s actual results may differ from their expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements do not include, without limitation: the satisfaction of closing conditions to the proposed combination and the timing for completion of the combination. These forward-looking statement involve significant risks that could cause actual results to differ materially. Most of these factors are outside Aries’s and InfiniteWorld’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change, or other circumstances that could give rise to the termination of the definitive business combination agreement (the “Agreement”); (2) the outcome of any legal proceedings that may be instituted against Aries and InfiniteWorld following the announcement of the Agreement and the transactions contemplated therein; (3) the inability to complete the proposed business combination, including due to failure to obtain approval of the shareholders of Aries and InfiniteWorld, certain regulatory approvals, or satisfy other conditions to closing in the Agreement; (4) the occurrence of any event, change, or other circumstance that could give rise to the termination of the Agreement or could otherwise cause the transaction to fail to close; (5) the impact of COVID-19 on InfiniteWorld’s business and/or the ability of the parties to complete the proposed business combination; (6) the risk that the proposed business combination disrupts current plans and operations as a result of the announcement and consummation of the proposed business combination; (7) costs related to the proposed business combination; (8) changes in applicable laws or regulations; (9) the possibility that InfiniteWorld or Aries may be adversely affected by other economic, business, and/or competitive factors; and (10) other risks and uncertainties indicated from time to time in the final prospectus of Aries for its initial public offering, including those under “Risk Factors” therein, and in Aries’ other filings with the SEC. Aries warns that the above list of factors is not exhaustive. Aries cautions readers to not place undue dependence on any forward-looking statement. These statements speak only as of the date made. Aries does not accept any obligation or undertaking, and will not release publicly any revisions or updates to any forward-looking statement to reflect any change in its expectations, changes in conditions, or circumstances upon which it is based.