Ares Acquisition (AAC)

Company Profile

Ares Acquisition Corporation (NYSE: AAC) is a special purpose acquisition company (SPAC) affiliated with Ares Management Corporation, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination. AAC is seeking to pursue an initial business combination target in any industry or sector in North America, Europe or Asia. For more information about AAC, please visit www.aresacquisitioncorporation.com.

Company profile

Ticker

AAC, AAC.UN

Exchange

Incorporated

Location

Fiscal year end

Industry (SIC)

Fabricated Plate Work (Boiler Shops)

Mcdermott International • Mobile Mini • Chart Industries • Mueller Paul ...

SEC CIK

0001829432

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

AAC stock data

1M 1Y 5Y

Latest filings (excl ownership)

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425

Business combination disclosure

30 Jan 23

425

Business combination disclosure

30 Jan 23

425

Business combination disclosure

27 Jan 23

425

Business combination disclosure

27 Jan 23

DEFA14A

Additional proxy soliciting materials

26 Jan 23

425

Business combination disclosure

26 Jan 23

8-K

Ares Acquisition Corporation Announces Monthly Contribution to Trust

26 Jan 23

425

Business combination disclosure

25 Jan 23

S-4

Registration of securities issued in business combination transactions

25 Jan 23

425

Business combination disclosure

19 Jan 23

Transcripts

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AAC

Earnings call transcript

2019 Q2

30 Aug 19

AAC

Earnings call transcript

2019 Q1

12 May 19

AAC

Earnings call transcript

2018 Q4

16 Apr 19

AAC

Earnings call transcript

2018 Q3

9 Nov 18

AAC

Earnings call transcript

2018 Q2

4 Aug 18

Latest ownership filings

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Ares Acquisition Holdings LP

11 Feb 22

Michael J Arougheti

1 Feb 21

Initial statement of insider ownership

Financial summary

Financial statements Chart AAC financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	143.33 k	143.33 k	143.33 k	143.33 k	143.33 k	143.33 k
Cash burn (monthly)	46.26 k	64.41 k	172.57 k	348.40 k	1.36 mm	853.91 k
Cash used (since last report)	188.47 k	262.39 k	703.02 k	1.42 mm	5.53 mm	3.48 mm
Cash remaining	-45.13 k	-119.05 k	-559.69 k	-1.28 mm	-5.39 mm	-3.34 mm
Runway (months of cash)	-1.0	-1.8	-3.2	-3.7	-4.0	-3.9

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2022

AAC institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	118	134	-11.9%
Opened positions	8	17	-52.9%
Closed positions	24	16	+50.0%
Increased positions	30	29	+3.4%
Reduced positions	27	30	-10.0%

13F shares	Current	Prev Q	Change
Total value	1.30 bn	6.31 bn	-79.4%
Total shares	131.83 mm	129.92 mm	+1.5%
Total puts	0.00	0.00
Total calls	339.30 k	339.30 k	–
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Ares Acquisition	40.18 mm	$391.39 mm	0.0%
Glazer Capital	9.99 mm	$99.15 mm	+117.2%
Aristeia Capital	8.02 mm	$79.59 mm	+2.1%
Marshall Wace	4.97 mm	$49.36 mm	0.0%
Millennium Management	4.06 mm	$40.31 mm	+41.8%
Saba Capital Management	3.42 mm	$33.92 mm	+13.0%
HBCYF HSBC	3.36 mm	$33.32 mm	+11.8%
Adage Capital Partners GP, L.L.C.	2.85 mm	$28.30 mm	-14.9%
BMO Bank of Montreal	2.74 mm	$27.21 mm	0.0%
Citadel Advisors	2.64 mm	$26.20 mm	-24.5%

Largest transactions	Shares	Bought/sold	Change
Glazer Capital	9.99 mm	+5.39 mm	+117.2%
Cantor Fitzgerald, L. P.	0.00	-1.91 mm	EXIT
Mizuho Markets Americas	2.06 mm	+1.27 mm	+161.7%
Millennium Management	4.06 mm	+1.20 mm	+41.8%
Citadel Advisors	2.64 mm	-857.90 k	-24.5%
Westchester Capital Management	913.34 k	+813.34 k	+813.3%
Owl Creek Asset Management	285.00 k	-750.00 k	-72.5%
Weiss Asset Management	1.92 mm	+612.46 k	+46.7%
Wellington Management	0.00	-579.42 k	EXIT
Alyeska Investment	0.00	-521.47 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Press releases

From Benzinga Pro

X-energy Canada and Invest Alberta Collaborate to Develop Economic Opportunities in Support of Potential Xe-100 SMR Projects

30 Jan 23

The Memorandum of Understanding will advance X-energy's growing relationships in Alberta, helping the province seize the potential economic benefits offered by Xe-100 small modular reactors. X-Energy Canada, Inc.

X-energy UK and Cavendish Nuclear Convene British Suppliers to Support Early Deployment of Advanced Small Modular Reactors

27 Jan 23

Compact, modular plants would deliver zero-carbon heat for industry as well as flexible clean power Mature technology means first UK unit targeted for 2030 Xe-100 reactor to use advanced fuel pioneered in the UK

Ares Acquisition Corporation Announces Monthly Contribution to Trust Account in Connection With Proposed Extension

26 Jan 23

Ares Acquisition Holdings LP will make monthly deposits directly to the trust account of $0.03 for each outstanding Class A ordinary share up to a maximum of $1.2 million per month Ares Acquisition Corporation (NYSE:

X-energy and Ares Acquisition Corporation Announce Filing of Registration Statement on Form S-4 in Connection with Their Proposed Business Combination

25 Jan 23

Ares Acquisition Corporation Announces Change of Extraordinary General Meeting Date

18 Jan 23