UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 8.01. | Other Events. |
As previously disclosed, on October 31, 2023, Ares Acquisition Corporation, a Cayman Islands exempted company (the “Company”), terminated its business combination agreement with X-Energy Reactor Company, LLC (the “Business Combination Agreement”). The transactions contemplated by the Business Combination Agreement are referred to as the “Business Combination.”
As required by Cayman Islands law, on October 31, 2023, the Company convened an extraordinary general meeting of shareholders (the “Meeting”) and the only proposal submitted for a vote of the shareholders at the Meeting was a proposal to approve, by ordinary resolution, the adjournment of the Meeting sine die, without setting a new time and date for the Meeting, as proposed by the Chairman of the Meeting pursuant to, and in accordance with, Article 22.7 of the amended and restated memorandum and articles of association of the Company (the “Adjournment Proposal”). As a result of the termination of the Business Combination Agreement, none of the proposed resolutions to approve the Business Combination Agreement and the related matters concerning the Business Combination were put forward at the Meeting. The Adjournment Proposal was approved, and the Meeting has been adjourned indefinitely.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ARES ACQUISITION CORPORATION | ||||||
Dated: October 31, 2023 | ||||||
By: | /s/ David B. Kaplan | |||||
Name: | David B. Kaplan | |||||
Title: | Chief Executive Officer and Co-Chairman |