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Ares Acquisition Corporation II Class A ( (AACT) ) has issued an update.
On June 23, 2025, Ares Acquisition Corporation II, a blank check company, issued a $2 million unsecured working capital loan promissory note to its sponsor, Ares Acquisition Holdings II LP. This loan, intended to finance transaction costs for a proposed business combination with Kodiak Robotics, Inc., is repayable upon the completion of the business combination or by the maturity date, with the option for the sponsor to convert the loan into warrants. The announcement highlights the company’s strategic move towards completing its business combination, which could significantly impact its market positioning and stakeholder interests.
More about Ares Acquisition Corporation II Class A
Average Trading Volume: 881,912
Technical Sentiment Signal: Strong Buy
Current Market Cap: $699M
For a thorough assessment of AACT stock, go to TipRanks’ Stock Analysis page.