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.

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.

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.

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.

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.

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.

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.

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.

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.

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.