Ares Acquisition Corporation II Announces Closing of Upsized $500 Million Initial Public Offering and Partial Exercise of Over-Allotment Option

Apr 25, 2023

Ares Acquisition Corporation II (the “Company”), a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses, today announced the closing of its initial public offering of 45,000,000 units at a price of $10.00 per share and the sale of an additional 5,000,000 units at $10.00 per share pursuant to the underwriters’ partial exercise of their over-allotment option. Total gross proceeds from the offering were $500 million before deducting underwriting discounts and commissions and other offering expenses payable by the Company.

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