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Ares Acquisition Corporation II Class A ( (AACT) ) has shared an update.
On April 16, 2025, Ares Acquisition Corporation II announced that its sponsor, Ares Acquisition Holdings II LP, will make monthly contributions to the company’s trust account, contingent on shareholder approval to extend the deadline for a business combination to January 26, 2026. This move, along with the conversion of Class B shares to Class A shares, aims to facilitate a proposed business combination with Kodiak Robotics, Inc., which could impact the company’s capitalization and future performance.
More about Ares Acquisition Corporation II Class A
Ares Acquisition Corporation II is a special purpose acquisition company affiliated with Ares Management Corporation, formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination.
YTD Price Performance: 1.73%
Average Trading Volume: 619,971
Technical Sentiment Signal: Sell
Current Market Cap: $697.5M
For a thorough assessment of AACT stock, go to TipRanks’ Stock Analysis page.