X-Energy Reactor Company And Ares Acquisition Mutually Agree To Terminate Business Combination Agreement
Portfolio Pulse from Benzinga Newsdesk
X-Energy Reactor Company and Ares Acquisition Corporation (AAC) have mutually agreed to terminate their business combination agreement. Consequently, the extraordinary general meeting of AAC shareholders scheduled for October 31, 2023, to approve the proposed transaction will be adjourned indefinitely. AAC anticipates that the last day of trading in the Public Shares will be November 6, 2023.
October 31, 2023 | 11:43 am
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Ares Acquisition Corporation's business combination agreement with X-Energy Reactor Company has been terminated. The last day of trading in AAC's public shares is expected to be November 6, 2023.
The termination of the business combination agreement could lead to uncertainty among investors, potentially impacting AAC's stock price negatively. The announcement of the last trading day indicates a significant change in the company's status, which could further influence the stock price.
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