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Announced

Completed

X-energy and Ares Acquisition mutually terminated a $1.8bn SPAC merger.

Financials

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Transaction Value£1,430m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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United States

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De-SPAC

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Private Equity

nuclear energy

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Synopsis

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X-energy, a developer of commercial nuclear energy reactors, and Ares Acquisition, a special purpose acquisition company, mutually terminated a $1.8bn SPAC merger. “I am deeply proud of the remarkable business that the X-energy team has built, and I am confident in the company’s future as a global clean energy leader. Both X-energy and AAC recognize the challenges presented by the current financial market environment and the opportunity for X-energy to continue forward as a private company. I remain confident in X-energy’s attractive value proposition, and I appreciate the support we have received from AAC and other investors. X-energy is as committed as ever to delivering clean, safe and secure energy solutions that can meet the demand from communities around the world," Kam Ghaffarian, X-energy Founder and Executive Chairman.

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