Ares Acquisition Corporation II Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing June 12, 2023
June 12 2023 - 6:30AM
Business Wire
Ares Acquisition Corporation II (NYSE: AACT.U) (the “Company”),
a special purpose acquisition company formed for the purpose of
entering into a combination with one or more businesses, announced
today that, commencing June 12, 2023, holders of the units sold in
the Company’s initial public offering of 50,000,000 units (the
“Units”), completed on April 25, 2023, 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 (the “NYSE”) under the symbol “AACT.U,” and the
Class A ordinary shares and warrants that are separated will trade
on the NYSE under the symbols “AACT” and “AACT WS,” respectively.
No fractional warrants will be issued upon separation of the Units
and only whole warrants will trade. Holders of Units will need to
have their brokers contact Continental Stock Transfer & Trust
Company, the Company’s transfer agent, in order to separate the
Units into Class A ordinary shares and warrants.
The Units were initially offered by the Company in an
underwritten offering. Citigroup and UBS Investment Bank acted as
joint book-runners and representatives of the underwriters for the
offering, and CastleOak acted as co-manager. A registration
statement relating to the Units and the underlying securities was
declared effective by the Securities and Exchange Commission (the
“SEC”) on April 20, 2023.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities of the Company, nor
shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
The offering was made only by means of a prospectus. Copies of
the final prospectus related to the offering may be obtained from:
Citigroup Global Markets Inc., c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY 11717, Telephone: (800)
831-9146; and UBS Securities LLC, Attention: Prospectus Department,
1285 Avenue of the Americas, New York, New York 10019, Telephone:
(888) 827-7275 or email:ol-prospectusrequest@ubs.com.
About Ares Acquisition Corporation II
Ares Acquisition Corporation II is a special purpose acquisition
company sponsored by a subsidiary of Ares Management Corporation
(NYSE: ARES) (“Ares”), a leading global alternative investment
manager. Having completed a $500 million initial public offering in
April 2023, the Company seeks to effect a merger, share exchange,
asset acquisition, share purchase, reorganization or similar
business combination and is expected to benefit from its
affiliation with Ares through access to corporate relationships,
industry sector expertise and value creation capabilities. For more
information, please visit:
www.aresacquisitioncorporationii.com.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
anticipated use of the net proceeds. No assurance can be given that
the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company’s registration
statement and prospectus for the Company’s offering filed with the
Securities and Exchange Commission (“SEC”). Copies are available on
the SEC’s website, www.sec.gov. The Company undertakes no
obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230609005318/en/
Email: IR@AresAcquisitionCorporationII.com
Tel:(888) 818-5298
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