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Ares Acquisition Corp merges with X-energy

PUBLIC · ARESJun 08, 2026

Acquiring Company

Ares

Acquired Company

X-energy

Los AngelesRockvilleProfessional ServicesEnergyOil And GasFinancial ServicesReal EstateFinanceReal Estate InvestmentVenture CapitalAngel InvestmentRenewable EnergyFintechLendingAsset ManagementEnergyRenewable Energy

Description

Ares Acquisition Corp has received shareholder approval for its merger with advanced nuclear company X-energy. This acquisition represents a significant milestone for Ares as it transitions from a SPAC to an operating entity. The combined company will focus on advancing nuclear technology in the energy sector. Investors are now watching for details on regulatory clearances and the future of the merged company.

Company Information

Company

Ares

Location

Los Angeles, California, United States

About

Ares Management Corporation is a global alternative asset manager specializing in private equity, real estate, private debt, and public equity. The firm provides investment management services, directly investing in a diverse range of assets worldwide. With a strong focus on risk-adjusted returns, Ares aims to generate attractive returns for its investors.

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Frequently asked

Who acquired X-energy?

X-energy was acquired by Ares, based in Los Angeles. The deal was reported on June 8, 2026. Ares Management Corporation is a global alternative asset manager specializing in private equity, real estate, private debt, and public equity. Ares is publicly traded (ARES) and operates in Professional Services.

When did Ares acquire X-energy?

Ares's acquisition of X-energy was reported on June 8, 2026. Ares Acquisition Corp has received shareholder approval for its merger with advanced nuclear company X-energy. This acquisition represents a significant milestone for Ares as it transitions from a SPAC to an operating entity. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does X-energy do?

X-energy is a company specializing in advanced nuclear technologies, particularly small modular reactors (SMRs). Co-founded by Kam Ghaffarian, it aims to deliver clean, safe, and reliable energy solutions. It is publicly traded (XE), operating in Energy, and is based in Rockville.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.