Acquiring Ares: SPAC Shares
About Ares Acquisition Corporation
Ares Acquisition Corporation Class A Ordinary Shares is a special purpose acquisition corporation (SPAC) founded in 2021 with the goal of acquiring and merging with another company. The company does not have any operations, assets, or revenues, and exists solely to raise capital through an initial public offering (IPO) to be used for acquiring another company.
If the company is unable to find a suitable target company for acquisition, the funds raised during the IPO will be returned to the shareholders.
As of August 2021, the company is actively searching for a target acquisition in the technology or media industries.
For more information, please visit https://www.sec.gov/Archives/edgar/data/1850116/000121390021009233/f424b4052116.htm.
Leadership and Vision
The CEO of Ares Acquisition Corporation is Aryeh B. Bourkoff, who is also the founder and CEO of LionTree Advisors, a leading investment bank focused on media, technology, and telecom industries. The board of directors includes experienced executives and investors in the technology and media industries.
The vision of Ares Acquisition Corporation is to identify and merge with a high-growth company with disruptive technology or significant market potential in the technology or media industries. The company aims to leverage its strong leadership and industry expertise to create value for its shareholders and the target company.
For more information about the leadership and vision of Ares Acquisition Corporation, please visit https://www.aresacq.com/.
Frequently Asked Questions (FAQ)
What is a SPAC?
A special purpose acquisition corporation (SPAC) is a type of company that is created for the purpose of raising capital through an IPO to acquire or merge with another company within a set time frame. SPACs typically have no operations or assets when they are formed, and exist solely to raise funds for acquisition.
What happens if Ares Acquisition Corporation does not find a suitable target company for acquisition?
If the company is unable to find a suitable target company for acquisition, the funds raised during the IPO will be returned to the shareholders.
What industries is Ares Acquisition Corporation targeting for acquisition?
As of August 2021, the company is actively searching for a target acquisition in the technology or media industries.
Who is the CEO of Ares Acquisition Corporation?
The CEO of Ares Acquisition Corporation is Aryeh B. Bourkoff, who is also the founder and CEO of LionTree Advisors, a leading investment bank focused on media, technology, and telecom industries.
What is the vision of Ares Acquisition Corporation?
The vision of Ares Acquisition Corporation is to identify and merge with a high-growth company with disruptive technology or significant market potential in the technology or media industries. The company aims to leverage its strong leadership and industry expertise to create value for its shareholders and the target company.