Ares Acquisition Corp

Ares Acquisition Corp. operates as a blank check company. It was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded on January 24, 2020 and is headquartered in New York, NY.

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Ares Acquisition Corp. is a blank check company, which engages in the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded on January 24, 2020 and is headquartered in New York, NY.

NEW YORK--( BUSINESS WIRE )--Ares Acquisition Corporation (NYSE: “AAC.U”, “AAC”, “AAC WS”) (“AAC” or the “Company”) announced today that the Company's sponsor, Ares Acquisition Holdings LP (the “Sponsor”), will make monthly deposits directly to the Company's trust account of $0.03 for each outstanding Class A ordinary share, par value $0.0001 per share, of the Company, up to a maximum of $1.2 million per month (each deposit, a “Contribution”), in exchange for a non-interest bearing, unsecured promissory note (the “Promissory Note”) issued by the Company to the Sponsor following the approval and implementation of the Extension Amendment Proposal (as defined below) on the terms described below. This announcement is being made in anticipation of the Company's extraordinary general meeting to be held at 9:30 a.m., Eastern Time, on February 2, 2023 (the “Shareholder Meeting”) at which shareholders will be asked to vote on a proposal to amend the Company's amended and restated memorandum and articles of association (the “Memorandum and Articles of Association”) to, among other things, extend the date by which the Company has to consummate a business combination from February 4, 2023 to August 4, 2023 (the “Extension Amendment Proposal”).

Ares Acquisition Corporation Announces Monthly Contribution to Trust Account in Connection With Proposed Extension

ROCKVILLE, Maryland & NEW YORK--( BUSINESS WIRE )--X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and Ares Acquisition Corporation (NYSE: AAC) (“AAC”), a publicly-traded special purpose acquisition company, announced today the filing of a registration statement on Form S-4 (the "Registration Statement") with the U.S. Securities and Exchange Commission (the “SEC”), which contains a preliminary proxy statement/prospectus in connection with the companies' previously announced proposed business combination.

X-energy and Ares Acquisition Corporation Announce Filing of Registration Statement on Form S-4 in Connection with Their Proposed Business Combination

ROCKVILLE, Md.--( BUSINESS WIRE )--X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of advanced small modular nuclear reactor and fuel technology for clean energy generation, announced today a strategic investment from DL E&C (KRX: 375500) and Doosan Enerbility (KRX: 034020) (“Doosan”) of $25 million in a private round of financing pursuant to the Company's previously announced Series C-2 investment round to support the advancement of the global deployment of X-energy's Xe-100 Generation IV advanced small modular reactor.

X-energy Announces Strategic Investment from DL E&C and Doosan Enerbility to Advance the Deployment of the Xe-100 Generation IV Advanced Small Modular Reactor

ROCKVILLE, Md.--( BUSINESS WIRE )--X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of small modular nuclear reactor and fuel technology for clean energy generation, announced today that Chief Executive Officer of X-energy, J. Clay Sell, and Co-Chairman and Chief Executive Officer of Ares Acquisition Corporation, Co-Founder of Ares and Co-Chairman of the Ares Private Equity Group, David Kaplan, will participate in an IPO Edge fireside chat.

X-energy Announces Participation in IPO Edge Fireside Chat

ROCKVILLE, Md.--( BUSINESS WIRE )--X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of small modular nuclear reactor and fuel technology for clean energy generation, announced today that Chief Executive Officer of X-energy, J. Clay Sell, and Co-Chairman and Chief Executive Officer of Ares Acquisition Corporation, Co-Founder of Ares and Co-Chairman of the Ares Private Equity Group, David Kaplan, will participate in a fireside chat at the Shareholder Equity Conference on Tuesday, January 17, 2023 at 11:00 am ET.

X-energy Announces Participation at the Shareholder Equity Conference

Chimera Investment

LAS VEGAS--( BUSINESS WIRE )-- World of Concrete , Informa Markets' premier exhibition serving the construction and masonry industries, today reveals its agenda for the upcoming exposition, slated for January 17-19 with education beginning January 16 at the Las Vegas Convention Center. In its 49th edition, World of Concrete continues to grow as the global hub for construction buyers and sellers, offering more expert-led sessions than ever before to fuel the industry with inspiring interaction. The industry-leading concrete and masonry conference plans to host over 1,000 exhibitors in the expo hall, spanning more than 700,000 square feet of indoor and outdoor exhibit space.

The World's Largest Concrete Show Returns to Las Vegas With New Pavilions and Projected Growth

ROCKVILLE, Md.--( BUSINESS WIRE )--X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of small modular nuclear reactor and fuel technology for clean energy generation, in partnership with Paragon Energy Solutions (“Paragon”), a leading specialist in the design and manufacturing of critical safety systems, today announced the completion of a Reactor Protection System (“RPS”) prototype, a key safety feature of X-energy's Xe-100 advanced nuclear reactors. The four-division RPS prototype utilizes Paragon's highly integrated protection system (“HIPS”) and marks the first time that Paragon has deployed HIPS to a Generation IV high-temperature gas reactor (“HTGR”), an evolution of their robust, reliable, and secure technology that is intended to further advance nuclear safety.

X-energy Completes Key Safety System Prototype for Xe-100 Advanced Nuclear Reactors

ROCKVILLE, Md.--( BUSINESS WIRE )--The Nuclear Regulatory Commission (the “NRC”) has accepted an application from TRISO-X LLC (“TRISO-X”), a wholly owned subsidiary of X-Energy Reactor Company, LLC (“X-energy”), for the first-ever fuel fabrication facility focusing on the use of high-assay low-enriched uranium (“HALEU”). The NRC's decision to review TRISO-X's application is an important step in bringing North America's first commercial-scale advanced nuclear fuel facility, which will be located in Oak Ridge, Tennessee.

Nuclear Regulatory Commission Accepts TRISO-X's Application for First-of-a-Kind Fuel Fabrication Facility

ROCKVILLE, Md. & NEW YORK--( BUSINESS WIRE )--X Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of small modular nuclear reactors and fuel technology for clean energy generation, and Ares Acquisition Corporation (NYSE: AAC) (“AAC”), a publicly-traded special purpose acquisition company, announced today that they have entered into a definitive business combination agreement.

X-energy, a Leading Developer of Small Modular Nuclear Reactor and Fuel Technology for Clean Energy Generation, to Go Public via Business Combination with Ares Acquisition Corporation

Apollo Strategic Growth Capital

Bridgetown Holdings Limited

If you understand the risks of reverse mergers and are willing to take some blind bets, here are the SPACs that deliver the intrigue. The post 7 Hotly Anticipated SPACs That Could Sizzle Now Through 2022 appeared first on InvestorPlace.

7 Hotly Anticipated SPACs That Could Sizzle Now Through 2022

NEW YORK--(BUSINESS WIRE)--Ares Acquisition Corporation (NYSE: AAC.U) (the “Company”) announced today that, commencing March 25, 2021, holders of the units sold in the Company's initial public offering of 100,000,000 units, completed on February 4, 2021, may elect to separately trade the Class A ordinary shares and warrants included in the units. Those units not separated will continue to trade on the New York Stock Exchange (“NYSE”) under the symbol “AAC.U,” and the Class A ordinary shares and

Ares Acquisition Corporation Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing March 25, 2021

News for Ares Acquisition Corp Stock (AAC)