Articles from Ares Acquisition Corporation II

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.

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”).

Ares Acquisition Corporation II (NYSE: AACT.U) (the “Company”), a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses, announced today that, commencing June 12, 2023, holders of the units sold in the Company’s initial public offering of 50,000,000 units (the “Units”), completed on April 25, 2023, 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 (the “NYSE”) under the symbol “AACT.U,” and the Class A ordinary shares and warrants that are separated will trade on the NYSE under the symbols “AACT” and “AACT WS,” respectively. No fractional warrants will be issued upon separation of the Units and only whole warrants will trade. Holders of Units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the Units into Class A ordinary shares and warrants.

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.

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 pricing of its upsized initial public offering of 45,000,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange and trade under the ticker symbol “AACT.U” beginning April 21, 2023. Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the New York Stock Exchange under the symbols “AACT” and “AACT WS,” respectively.