Brief: X-Energy And Ares Acquisition Corporation Announce Additional Committed Capital And Attractive Strategic Updates To Business Combination
13/09/2023 14:10
Sept 13 (Reuters) - Ares Acquisition Corp AAC.N :
* X-ENERGY AND ARES ACQUISITION CORPORATION ANNOUNCE
ADDITIONAL
COMMITTED CAPITAL AND ATTRACTIVE STRATEGIC UPDATES TO BUSINESS
COMBINATION
* ARES ACQUISITION CORP - X-ENERGY'S PRE-MONEY EQUITY VALUE
REVISED TO $1.05 BILLION UNDER AMENDED TERMS, PROVIDING A
COMPELLING ENTRY POINT FOR INVESTORS
* ARES ACQUISITION CORP - ARES MANAGEMENT UPSIZES TOTAL
COMMITMENT
TO $80 MILLION WITH $50 MILLION PIPE INVESTMENT
* ARES ACQUISITION CORP: ADDITIONAL CAPITAL WILL HELP
ACCELERATE
DEVELOPMENT AND DEPLOYMENT OF X-ENERGY'S ADVANCED TECHNOLOGY
Source text for Eikon: ID:nBw25py2Da
Further company coverage: AAC.N
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Ares Acquisition
See all newsX-Energy mutually terminates $2 billion deal to go public with Ares Acquisition
Brief: X-Energy, Ares Acquisition Corporation Mutually Agree To Terminate Business Combination Agreement
Brief: X-Energy Reactor, Department Of Defense Expands X-Energy Contract For Mobile Microreactor Prototype
Brief: X-Energy And Ares Acquisition Corporation Announce Additional Committed Capital And Attractive Strategic Updates To Business Combination
Brief: X-Energy Announces Appointment Of Gregory J. Goff To Board Of Directors