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Stock impact report

Ares Acquisition Corporation Announces Monthly Contribution to Trust Account in Connection With Proposed Extension

Ares Acquisition Corporation Class A Ordinary Shares (AAC) 
Last ares acquisition corporation class a ordinary shares earnings: 8/30 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.americanaddictioncenters.org
Company Research Source: Business Wire
Ares Acquisition Holdings LP will make monthly deposits directly to the trust account of $0.03 for each outstanding Class A ordinary share up to a maximum of $1.2 million per month NEW YORK--(BUSINESS WIRE)--Ares Acquisition Corporation (NYSE: “AAC.U”, “AAC”, “AAC WS”) (“AAC” or the “Company”) announced today that the Company’s sponsor, Ares Acquisition Holdings LP (the “Sponsor”), will make monthly deposits directly to the Company’s trust account of $0.03 for each outstanding Class A ordinary share, par value $0.0001 per share, of the Company, up to a maximum of $1.2 million per month (each deposit, a “Contribution”), in exchange for a non-interest bearing, unsecured promissory note (the “Promissory Note”) issued by the Company to the Sponsor following the approval and implementation of the Extension Amendment Proposal (as defined below) on the terms described below. This announcement is being made in anticipation of the Company’s extraordinary general meeting to be held at 9:30 a Show less Read more
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