Ares Acquisition Corporation II (NYSE: “AACT.U”, “AACT”, “AACT WS”) (“AACT” or the “Company”) announced today that as of the redemption deadline for the extraordinary general meeting of the Company (the “Meeting”), to be held today at 4:00 p.m. Eastern Time, to extend the period of time that the Company has to consummate a business combination (such period of time, the “Extension”), holders of 640,288 of the Company’s Class A ordinary shares, par value $0.0001 per share (“Class A Ordinary Shares”), properly exercised their right to redeem their shares for a pro rata portion of the funds in the Company’s trust account in connection with the Meeting. The Class A Ordinary Shares to be redeemed reflect approximately 1.3% of the Class A ordinary shares held by public shareholders. Such redemptions will be effective automatically upon the occurrence of the Meeting if the Extension is approved. As a result, the Company estimates that approximately $550 million will remain in the Company’s trust account following the Meeting.
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Ares Acquisition Corporation II (NYSE: “AACT.U”, “AACT”, “AACT WS”) (“AACT” or the “Company”) announced today that the Company’s sponsor, Ares Acquisition Holdings II LP (the “Sponsor”), agreed to make monthly deposits directly to the Company’s trust account of $0.02 for each outstanding Class A ordinary share, par value $0.0001 per share (the “Class A Ordinary Shares”), of the Company, other than Class A Ordinary Shares held by the Sponsor upon any conversion of Class B ordinary shares, par value $0.0001 per share (the “Class B Ordinary Shares”), of the Company (each deposit, a “Contribution” and collectively, the “Contributions”) on the terms described below. In exchange for the Contributions, the Company shall issue the Sponsor a non-interest bearing, unsecured promissory note (the “Promissory Note”) on the terms described below. This announcement is being made in anticipation of the Company’s extraordinary general meeting to be held at 4:00 p.m., Eastern Time, on April 22, 2025, at which shareholders will be asked to vote on a proposal to amend the Company’s amended and restated memorandum and articles of association (the “Articles”) to extend the date by which the Company has to consummate a business combination from April 25, 2025 to January 26, 2026 (the “Extension Amendment Proposal”).
