UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 8.01 | Other Events. |
As previously disclosed, on October 31, 2023, Ares Acquisition Corporation, a Cayman Islands exempted company (the “Company”), terminated its business combination agreement with X-Energy Reactor Company, LLC (the “Business Combination Agreement”).
As required by Cayman Islands law, on November 2, 2023, the Company convened an extraordinary general meeting of shareholders (the “Meeting”), and the only proposal submitted for a vote of the shareholders at the Meeting was a proposal to approve, by ordinary resolution, the adjournment of the Meeting sine die, without setting a new time and date for the Meeting, as further described in the definitive proxy statement filed by the Company with the U.S. Securities and Exchange Commission on October 13, 2023 (the “Adjournment Proposal”). As a result of the termination of the Business Combination Agreement, the proposal to extend the date by which the Company has to consummate a business combination from November 6, 2023 to December 22, 2023, or such earlier date as the Company’s board of directors may approve in accordance with the Company’s amended and restated memorandum and articles of association, was not put forward at the Meeting. The Adjournment Proposal was approved, and the Meeting has been adjourned indefinitely.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Ares Acquisition Corporation | ||||||
November 2, 2023 | ||||||
By: | /s/ David B. Kaplan | |||||
Name: | David B. Kaplan | |||||
Title: | Chief Executive Officer and Co-Chairman |