{"id":464808,"date":"2021-03-25T06:03:07","date_gmt":"2021-03-25T10:03:07","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=464808"},"modified":"2021-03-25T06:03:07","modified_gmt":"2021-03-25T10:03:07","slug":"ares-acquisition-corporation-announces-the-separate-trading-of-its-class-a-ordinary-shares-and-warrants-commencing-march-25-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ares-acquisition-corporation-announces-the-separate-trading-of-its-class-a-ordinary-shares-and-warrants-commencing-march-25-2021\/","title":{"rendered":"Ares Acquisition Corporation Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing March 25, 2021"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Ares Acquisition Corporation Announces the Separate Trading of its Class A Ordinary Shares <\/b><b>and Warrants Commencing March 25, 2021<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nAres Acquisition Corporation (NYSE: AAC.U) (the \u201cCompany\u201d) announced today that, commencing March 25, 2021, holders of the units sold in the Company\u2019s initial public offering of 100,000,000 units, completed on February 4, 2021, may elect to separately trade the Class A ordinary shares and warrants included in the units. Those units not separated will continue to trade on the New York Stock Exchange (\u201cNYSE\u201d) under the symbol \u201cAAC.U,\u201d and the Class A ordinary shares and warrants that are separated will trade on the NYSE under the symbols \u201cAAC\u201d and \u201cAAC WS,\u201d respectively. Holders of units will need to have their brokers contact Continental Stock Transfer &amp; Trust Company, the Company\u2019s transfer agent, in order to separate the units into Class A ordinary shares and warrants.\n<\/p>\n<p>\nThe units were initially offered by the Company in an underwritten offering. UBS Investment Bank and Citigroup acted as book-runners and representatives of the underwriters for this offering. Morgan Stanley and Barclays acted as book-runners, and CastleOak acted as co-manager. A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission (the \u201cSEC\u201d) on February 1, 2021.\n<\/p>\n<p>\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering was made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained from: UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, New York 10019, Telephone: (888) 827-7275 or email: <a rel=\"nofollow\" href=\"mailto:ol-prospectusrequest@ubs.com\">ol-prospectusrequest@ubs.com<\/a>; and Citigroup Global Markets Inc., c\/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone: (800) 831-9146.\n<\/p>\n<p><b>About Ares Acquisition Corporation<\/b><\/p>\n<p>\nAres Acquisition Corporation (\u201cAAC\u201d) is a special purpose acquisition company sponsored by a subsidiary of Ares Management Corporation (NYSE: ARES) (\u201cAres\u201d), a leading global alternative investment manager. Having completed a $1 billion initial public offering in February 2021, AAC seeks to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination and is expected to benefit from its affiliation with Ares through access to corporate relationships, industry sector expertise and value creation capabilities. For more information, please visit: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.AresAcquisitionCorporation.com&amp;esheet=52401376&amp;newsitemid=20210325005295&amp;lan=en-US&amp;anchor=www.AresAcquisitionCorporation.com&amp;index=1&amp;md5=e81bcdedb461e8c1318fb3f7b90005c7\">www.AresAcquisitionCorporation.com<\/a>.\n<\/p>\n<p><b>Cautionary Note Concerning Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release contains statements that constitute \u201cforward-looking statements,\u201d including with respect to the anticipated use of the net proceeds. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company\u2019s registration statement and prospectus for the Company\u2019s offering filed with the Securities and Exchange Commission (\u201cSEC\u201d). Copies are available on the SEC\u2019s website, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=52401376&amp;newsitemid=20210325005295&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=2&amp;md5=35006524f54e636e703e51fd1330b165\">www.sec.gov<\/a>. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210325005295r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210325005295\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210325005295\/en\/<\/a><\/span><\/p>\n<p>\nMendel Communications<br \/>\n<br \/>Bill Mendel, 212-397-1030<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:bill@mendelcommunications.com\">bill@mendelcommunications.com<\/a><\/p>\n<p>\nAres Management Corporation\n<\/p>\n<p>\nCarl Drake, 888-818-5298<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:cdrake@aresmgmt.com\">cdrake@aresmgmt.com<br \/>\n<\/a><br \/>or<br \/>\n<br \/>Priscila Roney, 212-808-1185<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:proney@aresmgmt.com\">proney@aresmgmt.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210325005295\/en\/867291\/3\/Ares_Acquisition_Corporation_LOGO_2020%5B1%5D.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Ares Acquisition Corporation Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing March 25, 2021 NEW YORK&#8211;(BUSINESS WIRE)&#8211; Ares Acquisition Corporation (NYSE: AAC.U) (the \u201cCompany\u201d) announced today that, commencing March 25, 2021, holders of the units sold in the Company\u2019s initial public offering of 100,000,000 units, completed on February 4, 2021, may elect to separately trade the Class A ordinary shares and warrants included in the units. Those units not separated will continue to trade on the New York Stock Exchange (\u201cNYSE\u201d) under the symbol \u201cAAC.U,\u201d and the Class A ordinary shares and warrants that are separated will trade on the NYSE under the symbols \u201cAAC\u201d and \u201cAAC WS,\u201d respectively. Holders of units will need to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ares-acquisition-corporation-announces-the-separate-trading-of-its-class-a-ordinary-shares-and-warrants-commencing-march-25-2021\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ares Acquisition Corporation Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing March 25, 2021&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-464808","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ares Acquisition Corporation Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing March 25, 2021 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ares-acquisition-corporation-announces-the-separate-trading-of-its-class-a-ordinary-shares-and-warrants-commencing-march-25-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ares Acquisition Corporation Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing March 25, 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Ares Acquisition Corporation Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing March 25, 2021 NEW YORK&#8211;(BUSINESS WIRE)&#8211; Ares Acquisition Corporation (NYSE: AAC.U) (the \u201cCompany\u201d) announced today that, commencing March 25, 2021, holders of the units sold in the Company\u2019s initial public offering of 100,000,000 units, completed on February 4, 2021, may elect to separately trade the Class A ordinary shares and warrants included in the units. Those units not separated will continue to trade on the New York Stock Exchange (\u201cNYSE\u201d) under the symbol \u201cAAC.U,\u201d and the Class A ordinary shares and warrants that are separated will trade on the NYSE under the symbols \u201cAAC\u201d and \u201cAAC WS,\u201d respectively. 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Those units not separated will continue to trade on the New York Stock Exchange (\u201cNYSE\u201d) under the symbol \u201cAAC.U,\u201d and the Class A ordinary shares and warrants that are separated will trade on the NYSE under the symbols \u201cAAC\u201d and \u201cAAC WS,\u201d respectively. 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