X-energy and ares acquisition corporation announce strategic update to business combination terms to reinforce long-term value creation opportunity and alignment with shareholders

Rockville, md. & new york--(business wire)---- $aac #advancednuclear--x-energy reactor company, llc (“x-energy” or the “company”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and ares acquisition corporation (nyse: aac) (“aac”), a publicly-traded special purpose acquisition company, announced today a strategic update to their previously announced business combination agreement that revises the valuation of the transaction. under the amended terms, x-ene.
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