Ares Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares & Warrants Commencing March 25, 2021
25 3월 2021 - 7:00PM
Business Wire
Ares Acquisition Corporation (NYSE: AAC.U) (the “Company”)
announced today that, commencing March 25, 2021, holders of the
units sold in the Company’s initial public offering of 100,000,000
units, completed on February 4, 2021, 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 (“NYSE”) under the symbol “AAC.U,” and the Class A
ordinary shares and warrants that are separated will trade on the
NYSE under the symbols “AAC” and “AAC WS,” respectively. 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. UBS Investment Bank and Citigroup acted as
book-runners and representatives of the underwriters for this
offering. Morgan Stanley and Barclays acted as book-runners, 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 February 1,
2021.
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: 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; and Citigroup Global Markets Inc.,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, Telephone: (800) 831-9146.
About Ares Acquisition Corporation
Ares Acquisition Corporation (“AAC”) 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 $1 billion initial public
offering in February 2021, AAC 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.AresAcquisitionCorporation.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/20210325005295/en/
Mendel Communications Bill Mendel, 212-397-1030
bill@mendelcommunications.com
Ares Management Corporation
Carl Drake, 888-818-5298 cdrake@aresmgmt.com or Priscila Roney,
212-808-1185 proney@aresmgmt.com
Ares Acquisition (NYSE:AAC.U)
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Ares Acquisition (NYSE:AAC.U)
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