Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Appointment of Aaron Ratner to the Board
On October 6, 2021, the Board of Directors of Aries I Acquisition Corporation
(the "Board") appointed Aaron Ratner to serve on the Board as a Class I
director.
Mr. Ratner brings over 20 years of global investment and development experience.
From July 2020 to present, Mr. Ratner has been the President of Cross River
Infrastructure Partners LLC, a platform of development companies deploying
climate technology into sustainable infrastructure projects across carbon
capture, clean fuels, clean energy and sustainable alternative protein. From
November 2017 to present, Mr. Ratner has served as the ClimateTech Venture
Partner at Vectr Ventures, a Hong Kong-based venture capital investment fund
manager. While at Vectr Ventures he has led investments in carbon utilization
and transformation, pollination technology and sustainable protein production.
From June 2016 to April 2020, Mr. Ratner was the Director and then the Managing
Director, and Head of Origination, of Ultra Capital LLC, a sustainable
infrastructure project finance investment fund manager. During that time, he led
the firm's activity in renewable natural gas and agriculture waste-to-value.
From November 2014 to June 2016, Mr. Ratner was a Developer in Residence at
Generate Capital, a sustainable infrastructure investment company based in San
Francisco, California. From 2012 to 2014, Mr. Ratner was the President of i2
Capital Group, an impact investment merchant bank, where he worked on land
conservation and mitigation banking, including the Sweetwater River Conservancy,
which was at the time one of the largest mitigation banking projects in the
United States. From 2008 to 2014, Mr. Ratner was a Managing Partner of Laguna
Capital Partners, a principal investment and advisory firm based in Los Angeles,
California, where he focused on technology and consumer startups. From 2000 to
2005, Mr. Ratner was an Associate with Simon Murray & Company, a multi-strategy
investment firm based in Hong Kong, SAR. Mr. Ratner began his career in 1999 as
an analyst in the Technology Investment Banking Group at Merrill Lynch in Palo
Alto, California, where he worked on financings for Internet Capital Group,
homestore.com, Webvan and other early internet companies.
Mr. Ratner holds a B.A. in Economics from the University of Pennsylvania, and a
Master's of Science in Management from the Stanford University Graduate School
of Business.
Mr. Ratner will serve as a director until the Company's first annual meeting of
shareholders. Mr. Ratner is not a party to any arrangement or understanding with
any person pursuant to which he was appointed as director nor is he a party to
any transactions required to be disclosed under Item 404(a) of Regulation
S-K involving the Company.
Appointment of Paul Wolfe to the Board
On October 6, 2021, the Board appointed Paul Wolfe to serve on the Board as a
Class II director.
Mr. Wolfe has deep experience in both public and private markets and in all
phases of company growth including seed capital, growth capital, secondary
markets, M&A, trade sales, PIPE transactions, warrants, and public exits. As a
Principal for over a decade at Ritchie Capital Management, a global
multi-strategy alternative investment platform, Mr. Wolfe managed its private
equity / venture capital, real estate, energy, and insurance teams.
Additionally, Mr. Wolfe is the former COO of Mission Measurement, a leading
strategy advisory firm recognized globally for its leadership in the design,
measurement, and evaluation of the investments of corporations, foundations, and
governments targeting a social impact. Mr. Wolfe also worked at GE Capital,
where he served as Deal Manager for several GE investments in telecommunications
in Latin America and Europe. Post-transaction service included appointment as
Board Director and the Integration Manager (Interim COO) for several GE
investments in the region. At Bain & Company, Mr. Wolfe served as a strategy
consultant in the U.S. and Brazil. He holds a B.A. from Williams College and a
M.B.A. from the University of Chicago Booth School of Business. Mr. Wolfe is
currently the Chief Operating Officer for Aries I Acquisition Corporation.
Mr. Wolfe will serve as a director until the Company's second annual meeting of
shareholders. Mr. Wolfe is not a party to any arrangement or understanding with
any person pursuant to which he was appointed as director nor is he a party to
any transactions required to be disclosed under Item 404(a) of Regulation
S-K involving the Company.
A copy of the press release issued by the Company announcing the appointments of
Mr. Ratner and Mr. Wolfe is attached hereto as Exhibit 99.1.
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