Ares acquisition corporation announces closing of upsized $1 billion initial public offering

New york--(business wire)--ares acquisition corporation (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 87,000,000 class a ordinary shares at a price of $10.00 per share and the sale of an additional 13,000,000 class a ordinary shares at $10.00 per share pursuant to the underwriters' exercise of an over-allotment option. total gross proceeds fro
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