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Ares Acquisition Corporation II (AACT)
- Simply Wall St.
With 60% institutional ownership, Ares Acquisition Corporation II (NYSE:AACT) is a favorite amongst the big guns
Key Insights Significantly high institutional ownership implies Ares Acquisition Corporation II's stock price is...
- Motley Fool
Why X-Energy Partner Ares Acquisition Stock Popped 9% Today
Nearly one year ago, privately held experimental small modular nuclear reactor (SMR) company X-Energy announced plans to reverse-merge itself into special purpose acquisition company (SPAC) Ares Acquisition Corporation (NYSE: AAC) in a $2 billion transaction targeting a nuclear power market that could be worth $1 trillion by 2050. On Tuesday, X-Energy and Ares Acquisition announced they have mutually agreed to terminate their business combination -- and as of 10:15 a.m. ET, Ares stock is up 9.2% on the news. Despite X-Energy saying it has "received strong interest from potential investors," the two companies were convinced by "challenging market conditions [and] peer-company trading performance" that now is not a propitious time to bring a nuclear power company public.
