<a href="https://laohu8.com/S/AAC.U">Ares Acquisition Corporation</a> II Secures $2 Million Unsecured Working Capital Loan from Sponsor for Proposed Business Combination
Ares Acquisition Corporation II, a Cayman Islands-based blank check company, announced on June 23, 2025, that it has entered into a new financing agreement with Ares Acquisition Holdings II LP, its sponsor. The agreement involves an unsecured working capital loan promissory note amounting to up to $2 million. This loan is intended to provide working capital for Ares Acquisition Corporation II as it pursues its proposed business combination with Kodiak Robotics, Inc. The loan does not accrue interest and is set to mature upon the completion of the company's initial business combination or on the last permissible date for such a combination, as outlined in the company's governing documents. Notably, the loan can be converted into warrants for the post-business combination entity at the sponsor's option.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ares Acquisition Corporation II published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-145777), on June 24, 2025, and is solely responsible for the information contained therein.
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