Filed by Ares Acquisition Corporation and X-Energy
Reactor Company, LLC
Pursuant to Rule 425 under the Securities Act of 1933, as amended,
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934, as amended
Subject Company: Ares Acquisition Corporation (File No. 001-39972)
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NEWS RELEASE |
X-energy and Ares Acquisition Corporation Announce Filing of Registration Statement on
Form S-4 in Connection with Their Proposed Business Combination
ROCKVILLE, Maryland and NEW YORK
January 25, 2023 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.
While the Registration Statement has not yet become effective and the information
contained therein is subject to change, it provides important information about X-energy, AAC and the proposed business combination.
As previously announced on December 6, 2022, X-energy and AAC have entered into a definitive business
combination agreement, which will establish X-energy as a publicly-traded, developer of a more advanced small modular reactor (SMR) and proprietary fuel that supports the transition to clean,
affordable energy through enhanced safety, lower cost, scalability and broader industrial applications.
Completion of the transaction is subject to
approval by AACs shareholders, the Registration Statement being declared effective by the SEC and other customary closing conditions.
About X-Energy Reactor Company, LLC
X-Energy Reactor Company, LLC, is a leading
developer of advanced small modular nuclear reactors and fuel technology for clean energy generation that is redefining the nuclear energy industry through its development of safer and more efficient advanced small modular nuclear reactors and
proprietary fuel to deliver reliable, zero-carbon and affordable energy to people around the world. X-energys simplified, modular and intrinsically safe SMR design
expands applications and markets for deployment of nuclear technology and drives enhanced safety, lower cost and faster construction timelines when compared with other SMRs and conventional nuclear. For more information, visit X-energy.com or connect with us on Twitter or LinkedIn.