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Why X-Energy Partner Ares Acquisition Stock Popped 9% Today

In December 2022, nuclear reactor company X-Energy announced a plan to go public via a SPAC IPO with Ares Acquisition Corporation. On Tuesday, the companies called off the merger and IPO.

10/31/2023

X-energy and Ares Acquisition Corporation Mutually Agree to Terminate Business Combination Agreement

ROCKVILLE, Md. & NEW YORK--(BUSINESS WIRE)--X-Energy Reactor Company, LLC (“X-energy”), 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 that they have mutually agreed to terminate their previously announced business combination agreement (the “Business Combination Agreement”), effective immediately. As a resu.

10/31/2023

Profitability

Gross Profit Margin	-1.02 %
Net Income Per EBT	99.73 %
Net Profit Margin	-26.48 %
Return on Assets	-44.41 %
Return on Equity	-125.36 %

Dividends

Dividend Yield (FWD)	Nil
Dividend Per Share	Nil
Payout Ratio	Nil
Payout Date	Nil
Ex-Dividend Date	Nil
Latest Announced Dividend	Nil

Income Statement

Revenue	$0.03B
Gross Profit	$-0B
Gross Profit Ratio	-1.43%
EBITDA	$-0B
Net Income	$-0.01B
EPS Diluted	-0.83

Balance Sheet

Long Term Debt	$0B
Total Liabilities	$0B
Total Equity	$0.01B
Total Investments	$0B
Total Debt	$0B
Total Assets	$0.01B

Cash Flow Statement

Net Income	$-0.01B
Inventory	$0B
Dividends Paid	$0B
Operating Cash Flow	$-0B
Capital Expenditure	$-0B

Symbol Frequently Asked Questions

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The price of Ares Acquisition Corporation (AAC) is 10.79 and it was updated on 2025-03-14 07:02:02.

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Currently Ares Acquisition Corporation (AAC) is in undervalued.

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U.S. Department of Energy Signs Cooperative Agreement to Further Develop X-energy's Microreactor for Commercial Applications ROCKVILLE, Md.--(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 the U.S. Department of Energy (the “DOE”) have signed a cooperative agreement through 2024 to further advance the development of a mobile microreactor design. The agreement, awarded through the DOE's Office of Nuclear Energy, supports X-energy's continuing work on architecture and key tec. Wed, Oct. 25, 2023
X-Energy Participates in SPAC Insider Podcast ROCKVILLE, Md.--(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, announced today that Chief Executive Officer of X-energy, J. Clay Sell participated in a SPAC Insider podcast. Click here to hear the podcast. Among the topics Mr. Sell discusses are: How advanced small modular reactors are uniquely positioned in the energy mix for a range of utilities and in. Mon, Oct. 23, 2023
X-Energy Announces Participation in IPO Edge Fireside Chat ROCKVILLE, Md.--(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, announced today that Chief Executive Officer of X-energy, J. Clay Sell will participate in an IPO Edge Fireside Chat. Among the topics Mr. Sell will discuss are: global demand for clean energy; what differentiates X-energy's Small Modular Nuclear Reactor (SMR), the Xe-100, and its proprietary. Thu, Oct. 19, 2023
Ares Acquisition Corporation and X-Energy Reactor Company, LLC Announce Effectiveness of Registration Statement and October 31, 2023 Extraordinary General Meeting to Approve Business Combination NEW YORK & ROCKVILLE, Md.--(BUSINESS WIRE)--Ares Acquisition Corporation (NYSE: AAC) (“AAC”) announced today that on October 13, 2023, the U.S. Securities and Exchange Commission (the “SEC”) declared effective the Registration Statement on Form S-4, as amended (the “Registration Statement”), AAC had filed in connection with the previously announced proposed business combination (the “Business Combination”) with X-Energy Reactor Company, LLC, a Delaware limited liability company (“X-energy”). An. Mon, Oct. 16, 2023
Department of Defense Expands X-energy Contract for Mobile Microreactor Prototype ROCKVILLE, Md.--(BUSINESS WIRE)---- $AAC #AdvancedNuclear--X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and the U.S. Department of Defense (“DoD” and “the department”) announced today an agreement to an expanded contract under the department's Project Pele initiative to develop a transportable, cost-effective advanced nuclear microreactor prototype for use in remote military locations. X-energy expects to advan. Fri, Sep. 15, 2023

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SEC Filings

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SEC Filings
Ares Acquisition Corporation (AAC) - SC 13G/A SEC Filings 02/12/2024
Ares Acquisition Corporation (AAC) - SC 13G/A SEC Filings 02/09/2024
Ares Acquisition Corporation (AAC) - SC 13G/A SEC Filings 12/11/2023
Ares Acquisition Corporation (AAC) - 15-12G SEC Filings 11/20/2023
Ares Acquisition Corporation (AAC) - 10-Q - Quarterly Report SEC Filings 11/08/2023
Ares Acquisition Corporation (AAC) - 25-NSE SEC Filings 11/07/2023
Ares Acquisition Corporation (AAC) - 8-K - Current report SEC Filings 11/03/2023
Ares Acquisition Corporation (AAC) - 425 SEC Filings 11/03/2023
Ares Acquisition Corporation (AAC) - 8-K - Current report SEC Filings 10/31/2023
Ares Acquisition Corporation (AAC) - 425 SEC Filings 10/31/2023

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Press Releases

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StockPrice Release
X-energy and ares acquisition corporation mutually agree to terminate business combination agreement 10/31/2023
U.s. department of energy signs cooperative agreement to further develop x-energy's microreactor for commercial applications 10/25/2023
X-energy participates in spac insider podcast 10/23/2023
X-energy announces participation in ipo edge fireside chat 10/19/2023
Ares acquisition corporation and x-energy reactor company, llc announce effectiveness of registration statement and october 31, 2023 extraordinary general meeting to approve business combination 10/16/2023
Department of defense expands x-energy contract for mobile microreactor prototype 09/15/2023
Department of defense expands x-energy contract for mobile microreactor prototype 09/14/2023
X-energy and ares acquisition corporation announce additional committed capital and attractive strategic updates to business combination 09/13/2023
Ares acquisition corporation announces successful second extension and redemption results 08/01/2023
Ares acquisition corporation announces continuation of monthly contributions to trust account in connection with proposed second extension 07/24/2023

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Department of Defense Expands X-energy Contract for Mobile Microreactor Prototype ROCKVILLE, Md.--(BUSINESS WIRE)---- $AAC #AdvancedNuclear--X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and the U.S. Department of Defense (“DoD” or “the department”) announced today an agreement to an expanded contract under the department's Project Pele initiative to develop a transportable, cost-effective advanced nuclear microreactor prototype for use in remote military locations. X-energy expects to advanc. 09/14/2023
X-energy and Ares Acquisition Corporation Announce Additional Committed Capital and Attractive Strategic Updates to Business Combination ROCKVILLE, Md. & NEW YORK--(BUSINESS WIRE)--X-Energy Reactor Company, LLC (“X-energy”), 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 strategic updates to their previously announced business combination. Ares Management Corporation (NYSE: ARES) (“Ares”) has committed to a PIPE investment comprising $50 mill. 09/13/2023
Ares Acquisition Corporation Announces Successful Second Extension and Redemption Results NEW YORK--(BUSINESS WIRE)--Ares Acquisition Corporation (NYSE: “AAC.U”, “AAC”, “AAC WS”) (“AAC” or the “Company”) today announced its shareholders approved a further extension of the period of time that the Company has to consummate its proposed business combination (the “Business Combination”) with X-Energy Reactor Company, LLC, a Delaware limited liability company ("X-energy") to November 6, 2023. At the extraordinary general meeting of the Company, holders of 1,392,821 of the Company's Class. 08/01/2023
Ares Acquisition Corporation Announces Continuation of Monthly Contributions to Trust Account in Connection With Proposed Second Extension Ares Acquisition Holdings LP will continue to make monthly deposits directly to the trust account of $0.0255 for each outstanding Class A ordinary share. 07/24/2023
Energy Northwest and X-energy Sign Joint Development Agreement for Xe-100 Advanced Small Modular Reactor Project RICHLAND, Wash. & ROCKVILLE, Md.--(BUSINESS WIRE)---- $AAC #AdvancedNuclear--Energy Northwest, a premier provider of carbon-free electricity, and X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, today announced the signing of a joint development agreement (“JDA”) for up to 12 Xe-100 advanced small modular reactors in central Washington capable of generating up to a total of 960 megawatts of carbon-free electricity. 07/19/2023
X-Energy Reactor and Ares Acquisition Corp. cut $300 million off merger price X-Energy Reactor Co. and Ares Acquisition Corp. AAC, on Monday lowered the price of their projected business combination by $300 million to $1.8 billion. “By establishing a more attractive entry point for investors, X-energy and AAC believe the revised valuation reinforces the long-term value creation opportunity for, and the companies' alignment with, shareholders,” the companies said. 06/12/2023
Dow's Seadrift, Texas location selected for X-energy advanced SMR nuclear project to deliver safe, reliable, zero carbon emissions power and steam production Seadrift site's power and steam needs match capabilities of X-energy's Xe-100 small modular reactor Dow and X-energy to prepare and submit Construction Permit applications to the U.S. Nuclear Regulatory Commission Project expected to be complete by the end of the decade MIDLAND, Mich. and ROCKVILLE, Md. 05/11/2023
These Are the Top 10 Holdings of Robert Lynch Robert Lynch is the Co-founder, Chief Risk Officer and Managing Partner at Aristeia Capital. 04/12/2023
Dow and X-energy Advance Efforts to Deploy First Advanced Small Modular Nuclear Reactor at Industrial Site Under DOE's Advanced Reactor Demonstration Program ROCKVILLE, Md. & MIDLAND, Mich.--(BUSINESS WIRE)---- $AAC #AdvancedNuclear--Dow (NYSE: DOW), the world's leading materials science company, and X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced nuclear reactors and fuel technology for clean energy generation, announced today their entry into a joint development agreement (“JDA”) to demonstrate the first grid-scale advanced nuclear reactor for an industrial site in North America. As a subawardee under the U.S. 03/01/2023
Wizz Air ceases flights to Moldova from March 14 Wizz Air will suspend flights to the Moldovan capital Chisinau from March 14 due to concerns over the security of the country’s airspace, the company said in a statement. estimate The Guardian. Flight suspension information confirmed to the Civil Aviation Authority of Moldova (AAC). Wizz Air said in a statement that the decision was “difficult […] The post Wizz Air ceases flights to Moldova from March 14 appeared first on The Eastern Herald... 02/27/2023

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AAC Ratings Summary

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AAC Quant Ranking

Sector	Financial Services
Industry	Shell Companies
Quant Rating	Buy
Quant Score	4

Is Ares Acquisition Corporation (AAC) a buy, sell, or hold?

What is Ares Acquisition Corporation's stock price?

Is Ares Acquisition Corporation (AAC) overvalued or undervalued?

Department of Defense Expands X-energy Contract for Mobile Microreactor Prototype

X-energy and Ares Acquisition Corporation Announce Additional Committed Capital and Attractive Strategic Updates to Business Combination

Ares Acquisition Corporation Announces Successful Second Extension and Redemption Results

Ares Acquisition Corporation Announces Continuation of Monthly Contributions to Trust Account in Connection With Proposed Second Extension

Energy Northwest and X-energy Sign Joint Development Agreement for Xe-100 Advanced Small Modular Reactor Project

X-Energy Reactor and Ares Acquisition Corp. cut $300 million off merger price

Dow's Seadrift, Texas location selected for X-energy advanced SMR nuclear project to deliver safe, reliable, zero carbon emissions power and steam production

These Are the Top 10 Holdings of Robert Lynch

Dow and X-energy Advance Efforts to Deploy First Advanced Small Modular Nuclear Reactor at Industrial Site Under DOE's Advanced Reactor Demonstration Program

Wizz Air ceases flights to Moldova from March 14

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