X-Energy Reactor Company is merging with special purpose acquisition company Ares Acquisition Corp. in a $2 billion deal that will see the developer of small nuclear reactors go public. When the transaction closes, the combined company will be named X-Energy, Inc., and will be listed on the New York Stock Exchange.
launched Ares Acquisition in 2021 with the goal of entering into a combination with one or more businesses. The SPAC merger has a pre-money equity value of more than $2 billion, according to the companies. Ares Acquisition's stock rose 0.1% before market open Tuesday, while Ares Management was down 1.3%.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: IntEngineering - 🏆 287. / 63 Read more »
Denmark is building 'energy islands' to produce wind energy and green hydrogenInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Denmark is building 'energy islands' to produce wind energy and green hydrogenThe islands – which will consist of one artificial island in the North Sea and one built on the island of Bornholm in the Baltic Sea – will produce wind energy and, in the future, green hydrogen power. Presented by Cummins. Cummins “In the future.” Cummins put a nice big nuke there Cummins
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: ALNewsNetwork - 🏆 583. / 51 Read more »