Ares Acquisition Corporation announced that it has entered into a securities purchase agreement to issue 50,000 shares of series A convertible preferred stock at a price of $1,000 per share for the gross proceeds of $50 million on September 12, 2023. The preference shares will be convertible at a conversion price of 410 per share. The transaction included participation from new investor, Ares Acquisition Holdings II LP.
Ares Acquisition Corporation
Equities
AAC
KYG330321061
Investment Holding Companies
1st Jan change | Capi. | |
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-3.96% | 954M | |
-7.48% | 1.19B | |
+2.10% | 982M | |
+41.91% | 872M | |
+22.32% | 800M | |
+5.92% | 659M | |
+1.77% | 664M | |
-.--% | 600M | |
+3.61% | 503M |