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AAC News

Year of the SPAC: Blank check IPOs are on track to complete more than 1,000 offerings in 2021

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2021 is shaping up to be the “Year of the SPAC.” So far this year, 176 SPACs have raised $49.5 billion, a huge leap from the 10 that raised $2.6 billion by this time last year. SPACs are outpacing traditional IPOs at a rate of three-to-one, and...read more

Ares Management's SPAC Ares Acquisition prices further upsized $870 million IPO

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Ares Acquisition, a blank check company formed by Ares Management targeting a sustainable business, raised $870 million by offering 87 million units at $10. Each unit consists of one share of common stock and one-fifth of a warrant, exercisable at $11.50. The...read more

Ares Management's SPAC Ares Acquisition increases deal size by 21% ahead of $725 million IPO

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Ares Acquisition, a blank check company formed by Ares Management targeting a sustainable business, raised the proposed deal size for its upcoming IPO on Tuesday. The New York, NY-based company now plans to raise $725 million by offering 72.5 million units...read more

Ares Management's SPAC Ares Acquisition files for a $600 million IPO

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Ares Acquisition, a blank check company formed by Ares Management targeting a sustainable business, filed on Friday with the SEC to raise up to $600 million in an initial public offering. The New York, NY-based company plans to raise $600 million by...read more

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