<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.
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