X-Energy Reactor, Ares Acquisition Announce Strategic Update To Business Combination Terms
Portfolio Pulse from Benzinga Newsdesk
X-energy and Ares Acquisition (AAC) have revised their business combination terms, reducing X-energy's pre-money equity value from $2.1 billion to $1.8 billion. The companies believe this change will create a more attractive entry point for investors and reinforce long-term value creation.
June 12, 2023 | 10:32 am
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NEUTRAL IMPACT
Ares Acquisition (AAC) has revised its business combination terms with X-energy, reducing X-energy's pre-money equity value to $1.8 billion. This change aims to create a more attractive entry point for investors and reinforce long-term value creation.
The revised terms of the business combination between AAC and X-energy aim to create a more attractive entry point for investors. While this may generate interest in the short term, it is uncertain how it will directly impact AAC's stock price in the short term. Therefore, a neutral score of 0 is given.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100