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Message: [QUOTE="Alex Wilhelm, post: 4116"] Christmas has come early this year in the form of a new SPAC deal. [URL='https://www.infiniteworld.com/']InfiniteWorld[/URL] announced yesterday it will [URL='https://www.businesswire.com/news/home/20211213005343/en/InfiniteWorld-a-Leading-Metaverse-Infrastructure-Platform-for-Brands-Announces-Plans-to-Become-a-Publicly-Traded-Company-via-a-Merger-with-Aries-I-Acquisition-Corporation']merge[/URL] with [URL='https://www.ariescorp.io/']Aries I Acquisition Corporation[/URL] in a deal that will value the startup at around $700 million, per company calculations. Another day, another SPAC deal. We know. But this time we’re talking metaverse, so we have no choice but to take a look. [HR][/HR] [B][I]The Exchange explores startups, markets and money. Read it [URL='https://techcrunch.com/subscribe/?tpcc=theexchange']every morning on TechCrunch+[/URL] or get [URL='https://techcrunch.com/newsletters']The Exchange newsletter[/URL] every Saturday.[/I][/B] [HR][/HR] In the wake of Facebook [URL='https://techcrunch.com/2021/10/28/facebook-changes-its-corporate-branding-to-meta/']deciding[/URL] that its original product remit was too narrow, something solved by declaring itself a metaverse company, the phrase has been inescapable. The metaverse might be a somewhat squidgy term — it’s something involving [I]digital, community, commerce [/I]and[I] having a second online existence[/I] — but it’s hot around the tech world. That makes it unsurprising that a company working on the theme has found a blank-check company willing to merge. [URL='https://techcrunch.com/subscribe/?tpcc=theexchange'][IMG]https://techcrunch.com/wp-content/uploads/2021/10/exchange-banner-sq-blu-plus.jpg?w=300[/IMG][/URL]What’s InfiniteWorld and what does it do? A grand question; I had no idea. Happily, the company’s [URL='https://www.sec.gov/Archives/edgar/data/0001841867/000110465921148881/tm2135215d1_ex99-2.htm']investor deck[/URL] helps a bit. Let’s look at the deal, what the metaverse company sells, and then discuss its somewhat humorous financial projections. To say that InfiniteWorld is a nascent commercial enterprise is an understatement, and in a world where many crypto companies are scaling to huge revenues, it stands out as a low-income concern. To date, that is. InfiniteWorld has huge projections. Let’s talk about it. [HEADING=1]The deal[/HEADING] Infinite Assets, Inc., better known as InfiniteWorld, is merging with Aries I Acquisition Corporation. Aries I is listed on the Nasdaq under the ticker symbol “RAM.” As of this morning, the company is trading at roughly $10 per share, having regained modest lost ground since its midyear IPO. [/QUOTE]

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