Cool calm collective
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maybe hedge funds, Idk. this is not adding up
nyse WONT CLARIFY WHY ITS HALTING
I just left a message to the company saying they need to put out a message to investors clarifying the issue between halted and suspended. This is nuts and not fair
WATCH THIS VIDEO:
Its Kasey that has the connection to Cathie Wood, not GEGI directly
I think with the connections of Cathie and Kasey they are working their own angle to bring something in here that not only will make us money, but will make Cathie money as well. Don't sleep on Cathie Woods, she is a beast when it comes to this type of stuff.
look at the post I posted late last night, in that video there is a vital piece of info that most are skipping over. First name: Cathie Last name: Woods. The post is "the video everyone should watch".
They are getting people to dump $GEGI for $T0NR, why? IDK I dont see nothing special there
And we know it’s consolidating how? Because information from Twitter is saying it’s a consolidation day? All I see is ever since I put out a video of another investor talking about Cathie Woods knowing Kasey the internet is buzzing from that video, and is getting potential investors pumped about the likelihood that Cathie will be either on the BOD or become heavily invested here which will send this price way up. Look at the chart, $GEGI was consolidating as it went up how many more days does this need to “consolidate” for people to get shares?
I think what you meant is that you think it’s overvalued and so you think it needs to come down in price right? Because investors confuse “consolidate” with “overvalued”
im ready to see this go up
if they add Cathie Wood its a wrap this goes bonkers
this video needs to be watched very informational:
I told people months ago to western union funds into their brokerages it’s easy and you kiss the waiting goodbye. You didn’t get in when it was at .015 or lower, it’s not a pumpers fault, my fault, the stocks fault, no one else’s fault but you’re own. To wish this to come down to fill your own wantings and desires, that’s greed, and it messes everyone else up. But do you.
What big drop? This is needed in any stock. Consolidation has to be done to get to the next leg. Cmon if you going to say “big drop” at least know what kind of drop it is. This is just consolidating, there is no big drop. Jee, lol
No with the type of people on the board of directors this merger should be successful. These people have track records and they are impressive.
I hope they bring Canoo into this ticker it will instantly go up to about $20 to $50 dollars if this company comes in.
The chart today looks beautiful. Right? Go $GEGI
please sticky my partial DD package. TIA
here is a basic DD package that should be stickied if possible.
https://www.genesis-electronics.com/investors/
What is Genesis Electronic Group’s ticker symbol?
Our ticker symbol is GEGI
What exchange is Genesis Electronics Group's stock traded on?
We are traded on the OTC Pink Markets: Click Here
Where is Genesis Electronics Group headquartered?
We are located at: 26 S Rio Grande St #2072, Salt Lake City, UT 84101
How do I invest in Genesis Electronics Group?
You must contact a registered broker to invest in Genesis Electronics Group.
Who is Genesis Electronics Group’s transfer agent?
Our Transfer Agent is Pacific Stock Transfer Co, and they are located at: 6725 Via Austi Pkwy Suite 300, Las Vegas, NV 89119
How many shares of Genesis Electronics Group stock are outstanding?
Refer to the most recent form Quarterly or Annual disclosure filings found on the OTC Markets for a recent count of our outstanding shares. In addition, our transfer agent works with otcmarkets.com to update Authorized and Outstanding Share amounts on a monthly basis. That information is found here: https://www.otcmarkets.com/stock/GEGI/security
What is Genesis Electronics Group’s fiscal year?
Our fiscal year ends on December 31st each year.
https://www.genesis-electronics.com/
https://www.globenewswire.com/news-release/2022/05/31/2452887/33431/en/Genesis-Electronics-Group-Announces-New-Business-Plan-With-Autonomous-Technologies.html
Genesis Electronics Group Announces New Business Plan With Autonomous Technologies
The Company will actively seek acquisitions or license agreements with autonomous technology companies
May 31, 2022 03:01 ET | Source: Genesis Electronics Group, Inc.
...
Salt Lake City, UT, May 31, 2022 (GLOBE NEWSWIRE) -- Genesis Electronics Group Announces New Business Plan Focusin On Autonomous Technologies
The Company will actively seek acquisitions or license agreements with autonomous technology companies
Salt Lake City, UT – May 31, 2022 – Genesis Electronics Group, Inc. (GEGI), today announced that It has launched a new business plan focusing on acquisitions or license agreements with autonomous technology companies.
The Company will focus on identifying companies and/or technologies in industries such as transportation, security, flight, and artificial intelligence where autonomous technologies will be an explosive accelerator to new business growth.
“I am very excited to finally be able to reveal the new focus for Genesis Electronics Group” said Braden Jones, CEO. “Since I was appointed as CEO of the Company, there were a lot of corporate housekeeping items that needed to take place so that we can move forward with our business plan. The settlement with the past judgement holder was extremely valuable as it freed up the Company to actively grow the business and provide greater shareholder value. We have been working very hard to refine our business plan and we believe that focusing on autonomous technologies will bring the greatest value to our shareholders.”
Mr. Jones continued, “Autonomous technology has rapidly advanced over the past 10 years and there are so many industries that can be disrupted if these technologies were applied to them. We are assembling a highly-qualifed team of advisors and partners that are making introductions to companies that could be good candidates for acquisition or licensing agreements. Their expertise and guidance has been extremely valuable thus far. We look forward to formalizing our relationships with these invidivuals and the Company and making these announcements in the near future, so their value can be felt by our shareholders.”
In addition to launching the new business plan, the company launched its new interim website to provide more information to their shareholders. This website will be updated frequently as parts of the Company’s business plan unfold. The new website can be found here: https://www.genesis-electronics.com/.
As part of the change of control process from previous controlling parties and management, the company has filed the required documents in the change of control process with the OTC Markets. When that process is complete, the Company will be able to provide more steady and accurate updates to the markets and its Shareholders.
About Genesis Electronics Group, Inc.
Genesis Electronics Group is assembling a team of autonomous experts to identify companies and/or technologies that can be acquired and applied to specific industries that are ripe for disruption.
Forward-Looking Statements
This press release may contain “forward-looking statements.” Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements are included in our filings with the Securities and Exchange Commission, including the “Risk Factors” section of our annual disclosure report on the OTC Markets for the year ended December 31, 2020. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as may be required under applicable law.
Press Contact:
Genesis Electronics Group, Inc.
communications@genesis-electronics.com
https://microcapdaily.com/genesis-electronics-group-inc-otcmkts-gegi-major-blue-sky-breakout-as-company-moves-into-artificial-intelligence-ai-autonomous-vehicles-security-spaces/
Genesis Electronics Group, Inc. (OTCMKTS: GEGI) Major Blue Sky Breakout as Company Moves into Artificial intelligence AI, Autonomous Vehicles & Security Spaces
By
Boe Rimes
August 23, 2022
0
1209
Share
Genesis Electronics Group, Inc. (OTCMKTS: GEGI) is rocketing up the charts on its way to easily top $1 million in dollar volume on the day and break out into copperland as the stock is under heavy accumulation and at the top of most otc traders watch lists. We first reported on GEGI in June when the stock was around $0.003 and it has rocketed up northbound since. There are a lot of exciting things happening at GEGI including the new CEO, business plan and website suggesting the Company is moving into the Artificial intelligence AI, autonomous vehicles, and security. All this comes after the Company cleared up a dispute with a former debtor of the Company which was preventing them from issuing any new shares and moving forward with their business plan. Also 89 million restricted shares have just been added to the OS suggesting there could be a significant acquisition in the works.
Genesis Electronics Group, Inc. has been busy on twitter in recent days stating in August: We are excited to see pink current. It’s going to be a busy week. We have a narrow focus. Look for news to come. GEGI was able to secure two former consultants from KPMG and PWC to help advise and ensure GEGI is compliant with the markets. Their willingness to take stock is good evidence they believe in what we are putting together. More to come! The depth of this impactful movement we are a part of is gaining speed. It will move like a freight train. We are seeing it now as GEGI shares trade daily. Offers for funding and strategic partner’s come to me regularly. I can accredit shareholders for much of this. Thank you. Currently we are waiting on certain processes the will protect us and will ensure our partnerships with the elite will stick way into the future of Genises. Progress is being made; our focus is clear. I hope everyone has a fabulous weekend. Happy Saturday to the $GEGI team/shareholders. Moving forward, I will be speaking to you directly. We are very excited with all the developments taking place on our end. We look forward to sharing it with you all soon. Hope everyone has a good weekend.
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Genesis Electronics Group, Inc. (OTCMKTS: GEGI) is assembling a team of autonomous experts to identify companies and/or technologies that can be acquired and applied to specific industries that are ripe for disruption. There is a lot happening with GEGI, the Company recently launched a new website (https://www.genesis-electronics.com/) That it will continue to evolve as its vision narrows within this industry. In addition, the Company has established a formal corporate Twitter account to better communicate with its shareholders and the public. That Twitter handle is: @GenesisElectro4. Genesis plans to file all of its required disclosures as soon as the OTC Markets completes their change of control process and allows access to the OTCiq system. At that time management anticipates all yield signs to be removed and for the Company to be current again.
Following a debt restructuring as well as resolving a dispute with a former debtor of the Company leaving GEGI in position where it can now use its stock to look for exciting and new business ventures, Katharina Nanny Bahnsen announced her resignation as Chairwoman, CEO, and was replaced by incoming CEO Braden Jones.
In May Genesis launched a new business plan focusing on acquisitions or license agreements with autonomous technology companies. The Company plans to focus on identifying companies and/or technologies in industries such as transportation, security, flight, and artificial intelligence where autonomous technologies will be an explosive accelerator to new business growth. New CEO Braden Jones said at the time: “I am very excited to finally be able to reveal the new focus for Genesis Electronics Group. Since I was appointed as CEO of the Company, there were a lot of corporate housekeeping items that needed to take place so that we can move forward with our business plan. The settlement with the past judgement holder was extremely valuable as it freed up the Company to actively grow the business and provide greater shareholder value. We have been working very hard to refine our business plan and we believe that focusing on autonomous technologies will bring the greatest value to our shareholders. Autonomous technology has rapidly advanced over the past 10 years and there are so many industries that can be disrupted if these technologies were applied to them. We are assembling a highly-qualified team of advisors and partners that are making introductions to companies that could be good candidates for acquisition or licensing agreements. Their expertise and guidance have been extremely valuable thus far. We look forward to formalizing our relationships with these individuals and the Company and making these announcements in the near future, so their value can be felt by our shareholders.”
https://twitter.com/BerkshireCapGrp/status/1562116628560711681
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GEGI
According to Genesis new website: AUTONOMOUS TRANSPORTATION – The transportation industry is ripe for disruption. While many companies focus on autonomous cars and trucks, there is untapped potential where autonomous solutions can solve many logistics and transportation problems.
AUTONOMOUS SECURITY – Autonomous solutions can drastically reduce costs and add much needed technology and support to current security solutions. Adding autonomous solutions to existing teams can increase efficiencies, decrease costs and save lives.
ARTIFICIAL INTELLIGENCE – Autonomous solutions are only as good as the software and artificial intelligence behind the hardware. We are looking for tested and proven machine learning and artificial intelligence autonomous software that can be licensed or purchased to be leveraged in many applications.
On June 22 GEGI announced It has signed an agreement to add Kevin Damoa as a strategic advisor to the Board. Mr. Damoa is an experienced Operations Professional and military veteran with a demonstrated history of working in the Aviation & Aerospace, Electrification, E-Mobility, and Defense industries. Mr. Damoa has held critical leadership positions at early start ups and well-established corporations. His history includes Flight Module Logistics Management at SpaceX, Integration Project Manager at Northrop Grumann, Vice President at Romeo Power Technology, Vice President at XOS Trucks, Logistics & Safety Director at Canoo, and VP of Operations at Serial 1 Cycle Company. Mr. Damoa is skilled in Operations Management, Program/Project Management, Compliance Engineering , Logistics Operations, Team Building, Organizational Leadership, and Mechanical/Structural Design.
Braden Jones, GEGI CEO stated at the time: “We are beyond thrilled to be able to add Kevin Damoa as a strategic advisor to Genesis Electronics Group. That someone of his caliber, expertise and experience sees the vision of what we are trying to accomplish and is willing to help us get there is huge! Kevin has so many skills that are critical in helping startups accelerate their path to success. His deep connections in the industry will be helpful in identifying companies to acquire, merge with or that has technology that can be licensed. Once that occurs, he will be extremely helpful in helping us build those businesses. The electric/autonomous industry is still relatively new and talent is expensive. It would cost us a lot of money to individually hire experts in each of the areas Kevin has experience with. We are very fortunate that he has accepted the role as strategic advisor.”
https://twitter.com/tradezlunar99/status/1562130337798541314
For More on GEGI Subscribe Right Now!
Currently trading at a $14.5 million market valuation GEGI OS is 1,879,282,011 shares including the added 89 million restricted shares with just 307,072,424 shares in the float. GEGI does carry some debt on the books but not much at just under $2 million. GEGI is an exciting story developing in small caps, priced cheap with plenty of room for growth the stock is now running northbound on a blue sky breakout having eclipsed $0.0068 previous highs. There are a lot of exciting things happening at GEGI including the new CEO, business plan and website suggesting the Company is moving into the AI, autonomous vehicles, and security. All this comes after the Company cleared up a dispute with a former debtor of the Company which was preventing them from issuing any new shares and moving forward with their business plan. 89 million restricted shares have just been added to the OS suggesting there could be a significant acquisition in the works. GEGI recently brought on Kevin Damoa as a strategic advisor to the Board. Mr. Damoa is an experienced Operations Professional and military veteran with a demonstrated history of working in the Aviation & Aerospace, Electrification, E-Mobility, and Defense industries to help management execute on its new business plan. Microcapdaily first covered GEGI in June when the stock was around $0.003 and we will be covering GEGI so make sure you subscribe to Microcapdaily right now so you don’t miss it.
This is a partial DD package, if more DD is needed do your own digging, but i like what i am seeing and this will need to be stickied. Thank you!
Hahahaha, you’re funny. That’s not happening. Nice try. .015 has been consolidated so much it would have a hard time dropping below that number. But hey good luck to you, you didn’t buy when the price was already there, your fault not the stocks.
A lot of us big boys are on this one, too hard to resist a great stock with great names within the stock. We are swinging for a home run here.
I put an order in at .0173 and it filled at that price I like setting the bar high, why not? lol.
I'm glad to finally be on a run with you. This will be epic
A cool down won’t hurt this run, if it cool downs then the price becomes a buy because long term how can you lose?
We don’t need any gapping of any sort, this has done well without gapping. Organic growth is better than a gap, because at some point or another the gap would need to be filled. Best to go up and not come back down over a silly gap.
Personally under the radar stocks are the best stocks. You don’t want the wrong people in a stock with you especially when you know it’s a pretty darn good one.
Looks like people left and right are coming out of retirement for this one including me. Well, this one has the makings of a major hit. So we just have to make sure that our board members at $GEGI can get a damn good EV company in here to make it worth our time. So we have to put our faith in them and hope they do right by us and their pockets second. But I think we have this in the bag.
I’m coming in the morning. I need to see a little more before I get my feet wet with this chart
The most important thing is to let this keep going up slow and steady, as long as everyone holds and doesn’t falter with their shares it will be fine.
Yes $GSFI is the winner especially if the solar project is done on the 1st then this price action will get, not overly wild, but wild to say the least. And I think with that project done, the price can go between the .005- .02 range. Yes this projection is wide, but I rather think realistic than to think everything with news can run to a dollar, lol.
um i was the one that said that time, youre welcome.
Last reply to this board, I wonder if this will run simultaneously with the price action of HPCO at 10am and that these 30 minutes is to shake the tree some more.
That’s great and all but how does that affect the sp here? Because the one fear most have is the 54 million restricted shares. Also where is the rsi on GGII at? Because that plays a factor if this goes up with HPCO or if it tanks
Halbroke its okay to dream, just don't be unrealistic with your own dreams
I risked 5$ and lost five dollars, at least it was only 5$ it could've been more, lol
I just fixed the $RAM board here on IHUB, check it out guys. This merger is something special
Merger on the way in here. Just a waiting game.
GEORGE TOWN, Cayman Islands--(BUSINESS WIRE)--Aries I Acquisition Corporation (NASDAQ: RAMMU, RAM, RAMMW) (“Aries” or the “Company”), a special purpose acquisition company, announced today that, on August 16, 2022, it notified the trustee of the Company’s trust account that it was extending the time available to the Company to consummate a business combination from August 21, 2022 to September 21, 2022 (the “Extension”). The Extension is the first of up to twelve one-month extensions permitted under Aries’ governing documents. In connection with such Extension, on August 17, 2022, Aries Acquisition Partners, Ltd., the Company’s sponsor, deposited an aggregate of $80,362.03 into Aries’ trust account, on behalf of the Company. The Extension provides Aries with additional time to complete its proposed business combination with Infinite Assets, Inc. (“InfiniteWorld”), a Web3 and Metaverse infrastructure company that enables brands and creators to create, monetize, and drive consumer engagement with digital content.
About Aries I Acquisition Corporation
Aries was founded by its Chairman, Thane Ritchie. Aries is a special purpose acquisition company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. On December 13, 2021, Aries and InfiniteWorld announced that they had entered into a definitive business combination agreement. Closing of the business combination is subject to customary closing conditions including the approval of the shareholders of Aries.
About InfiniteWorld
InfiniteWorld is a leading Web3 and Metaverse infrastructure company that enables brands and creators to create, monetize, and drive consumer engagement and experiences with digital content. InfiniteWorld is poised to become a publicly traded company through a business combination with Aries I Acquisition Corporation (Nasdaq: RAM), a special purpose acquisition company. The company has been highly sought after by brands and creators for its ability to create immersive programs around NFTs and other digital assets that offer high-level experiences and engagement for their consumers and communities.
For materials and information, visit https://www.infiniteworld.com/ for InfiniteWorld and https://www.ariescorp.io/ for Aries.
No Offer or Solicitation
This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and does not constitute an offer to sell or a solicitation of an offer to buy any securities of Aries or InfiniteWorld, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.
Important Additional Information Regarding 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 does not contain all the information that should be considered concerning the proposed business combination and is not intended to form the basis of any investment decision or any other decision in respect of 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. When available, the definitive proxy statement/prospectus and other relevant materials for the proposed business combination will be mailed to shareholders of Aries as of a record date to be established for voting on the proposed business 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, 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 include, without limitation, the satisfaction of the closing conditions to the proposed business combination, and the timing of the completion of the proposed business combination. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. 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 cautions that the foregoing list of factors is not exclusive. Aries cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Aries does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.
Contacts
Media Contact(s):
Nicole Rodrigues
NRPR Group - for InfiniteWorld
nicole@nrprgroup.com
Keil Decker
ICR for InfiniteWorld and Aries
(646) 677-1806
Keil.Decker@icrinc.com
Infinite Assets, also known as InfiniteWorld, will go public following a merger with Aries I Acquisition Corp., a special purpose acquisition company (SPAC).
According to the companies, the combined company will have a pro-forma equity value of $700 million and will trade on the Nasdaq under the "JPG" ticker. The transaction is expected to be completed in the first half of next year.
InfiniteWorld assists brands in the creation and monetization of digital assets and non-fungible tokens (NFTs), as well as consumer and fan engagement. According to the company, it has partnered with over 75 creators and brands. InfiniteWorld recently merged with strategic partner Dream View, which was founded by the team behind Lucasfilm's and Disney's computer-generated imagery (CGI) technologies.
"We are witnessing the birth of a new global asset class and economic system with up to $15 trillion of wealth expected to flow into digital assets over the next 10 years," Aries Chair man Thane Ritchie said in a statement. "The unparalleled technology infrastructure of InfiniteWorld exemplifies the transition of commerce to the digital world."
The transaction will provide up to $171 million in funds, which will include cash held by both companies as well as $93 million in InfiniteWorld - owned cryptocurrencies. InfiniteWorld stockholders will own roughly 75% of the combined company, with the potential to increase to 81 percent if certain share price milestones are met.
InfiniteWorld expects the deal to speed up the development of its platform and expand its brand partnerships.
CEO Yonathan Lapchik, a Deloitte Blockchain Lab veteran and co-creator of the SUKU blockchain ecosystem, will lead the company. Former DreamView CEO Nathaniel Hunter will take over as chief operating officer.
Morgan Creek Digital, GSR, and Wintermute, among others, have previously invested in InfiniteWorld.
Oh I see now, I see what's up, this is getting a building done on September 1st which is in 2 days, okay now I see. that's why people are flocking here, GG*I was a big disappointment for most, so they coming here.
I feel like that if everyone is talking about an ev company merging in this ticker, it’s going to be one of these listed on this website article. I just have a feeling.
https://explodingtopics.com/blog/ev-companies
And I really hope they can get Canoo into this because that would be a homerun