Ares Acquisition (AAC.U)

Sector - SPAC

IPO Profile

About company

They are a blank check company. Their sponsor is an affiliate of Ares, a leading global alternative investment adviser. Given Ares’ investment capabilities, they believe their team has the required investment, operational, due diligence and capital raising resources to effect a business combination with an attractive target and to position it for long-term success in the public markets. While they may pursue an initial business combination target in any industry or sector, geography, or stage of its corporate evolution, they do not currently contemplate targeting a company in the fossil fuel energy industry, including the upstream, midstream and energy services sub-sectors, and they intend to focus their search in North America, Europe or Asia. They will pursue an initial business combination with an established business with scale, attractive growth prospects and sustainable competitive advantages. They believe there is a large universe of such businesses that could benefit from a public listing, and that they will be able to offer a differentiated and compelling value proposition to them. AAC will benefit directly and indirectly from its affiliation with the broader Ares organization through access to corporate and private relationships, sector expertise and the engagement of senior investment professionals leading the origination and execution of potential business combinations.
Industry
Blank Checks
CEO CFO
David B. Kaplan Jarrod Phillips
Employees Founded
3 2020

Contacts

Address: 245 Park Avenue, 44th Floor New York, Ny 10167

Telephone: (310) 201-4100

Web page: http://www.aresmgmt.com

IPO information

First Trade Date 2/2/2021
Status Priced
Exchange NYSE
Lockup Period Expiration .Pro
Quiet Period Expiration .Pro
Old Price Range
-
Share prices ($)
10
10
10
0
0
Price Low Price High Priced Open 1st day Close 1st day

Shares & Volumes

Shares Initial (MM) 60
Shares Revised (MM) 87
Expected offer amount (MM) $600
Realized offer amount(MM) $870

Financial Data (last reporting year)

Market Cap (MM) $906.25
Revenues (MM) $0
Net Income (Loss) (MM) $0

Voting

What do you think will happen with the GLSI share price after the next 3-6 months? 🔥 (+ 10% or more, flat (+ -10%), -10% or less)

Number of votes:
Underwriters
UBS Investment Bank/ Citigroup
CO-Managers
Morgan Stanley/ Barclays/ Castle Oak Securities

Sector: SPAC