AAC.U News

2021 is shaping up to be the “Year of the SPAC.” So far this year, 176 SPACs have raised $49.5 billion, a huge leap from the 10 that raised $2.6 billion by this time last year. SPACs are outpacing traditional IPOs at a rate of three-to-one, and averaging 3.1 deals per day. At that rate, blank check IPOs would surpass 2020’s total by the end of the 1Q, and...read more

Ares Acquisition, a blank check company formed by Ares Management targeting a sustainable business, raised $870 million by offering 87 million units at $10. Each unit consists of one share of common stock and one-fifth of a warrant, exercisable at $11.50. The company originally planned to offer 60 million units before increasing the offering to 72.5 million units last month. ...read more

Ares Acquisition, a blank check company formed by Ares Management targeting a sustainable business, raised the proposed deal size for its upcoming IPO on Tuesday. The New York, NY-based company now plans to raise $725 million by offering 72.5 million units at a price of $10. The company had previously filed to offer 60 million units at the same price. Each unit now contains one...read more

Ares Acquisition, a blank check company formed by Ares Management targeting a sustainable business, filed on Friday with the SEC to raise up to $600 million in an initial public offering. The New York, NY-based company plans to raise $600 million by offering 60 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at...read more