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.
Company profile
Ticker
AACT, AACT.UN
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
AACT stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
28 Feb 24
10-Q
2023 Q3
Quarterly report
6 Nov 23
10-Q
2023 Q2
Quarterly report
10 Aug 23
8-K
Departure of Directors or Certain Officers
19 Jul 23
8-K
Departure of Directors or Certain Officers
12 Jun 23
8-K
Other Events
12 Jun 23
10-Q
2023 Q1
Quarterly report
2 Jun 23
8-K
Ares Acquisition Corporation Ii
1 May 23
8-K
Entry into a Material Definitive Agreement
26 Apr 23
424B4
Prospectus supplement with pricing info
24 Apr 23
Latest ownership filings
SC 13G/A
Wealthspring Capital LLC
10 Apr 24
SC 13G
HGC Investment Management Inc.
14 Feb 24
SC 13G
Ares Acquisition Holdings II LP
9 Feb 24
SC 13G
Wealthspring Capital LLC
8 Feb 24
3
David G. Hirz
19 Jul 23
3
Brad Coleman
12 Jun 23
4
Change in insider ownership
7 Jun 23
3
Initial statement of insider ownership
21 Apr 23
3
Michael J Arougheti
21 Apr 23
3
FELICIA D THORNTON
21 Apr 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | |
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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) | |||
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.25 mm | 2.25 mm | ||||
Cash burn (monthly) | 88.78 k | 127.98 k | ||||
Cash used (since last report) | 590.56 k | 851.25 k | ||||
Cash remaining | 1.66 mm | 1.40 mm | ||||
Runway (months of cash) | 18.7 | 11.0 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
5 Jun 23 | Ares Acquisition Holdings II | Class B ordinary shares Class A ordinary shares | Sale back to company | Dispose D | No | No | 0 | 437,500 | 0.00 | 12,500,000 |