Ares Acquisition Corporation II priced its upsized $450 million IPO and its units are expected to begin trading on the NYSE under the symbol “AACT.U” Friday, April 21, 2023.
The SPAC intends to focus its search on an established target in North America, Europe or Asia that has a differentiated and sustainable business model with a defensible market position and a strong management team. Ares Acquisition Corporation II is led by CEO and Co-Chairman David B. Kaplan, Co-Chairman Michael J Aroughet, CFO Jarrod Phillips, COO Allyson Satin and Executive Vice President of Strategy Peter Ogilvie.
Total SPAC deal count for 2023 year-to-date is now 12. This offering is expected to close on Tuesday, April 25, 2023.
Citigroup and UBS Investment Bank are acting as joint book-runners and representatives of the underwriters for this offering, and CastleOak is acting as co-manager. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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Avalon Acquisition Inc. (NASDAQ:AVAC) announced in an 8-K this morning that it has entered into a prepaid forward purchase agreement with RiverNorth SPAC Arbitrage Fund, the purchaser, as it works to close its combination with financial services firm The Beneficient Company, or Ben. As part of the agreement, RiverNorth agreed to effect certain purchases of shares...
Blue Ocean (NASDAQ:BOCN) has entered into a definitive agreement to combine with digital media company TNL Mediagene at a pre-money enterprise value of $275 million. TNL Mediagene holds the Japanese licenses for a number digital media properties as well as Taipei-based The News Lens. The combined company Is expected to trade on the Nasdaq once...
Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this morning that it plans to adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time June 9. The SPAC plans to use this time to further engage with its shareholders as the ballot includes a variety of additional...
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