Ares Acquisition Corp II Files Q2 2024 10-Q

TL;DR

**Ares Acquisition Corp II 10-Q filed: Q2 2024 financials out, focus on share structure & warrants.**

AI Summary

Ares Acquisition Corp II filed its 10-Q for the period ending June 30, 2024. The filing details the company's financial status, including its share structure and warrant information. Key financial data points for the reporting period and comparative periods are presented.

Why It Matters

This filing provides investors with an update on Ares Acquisition Corp II's financial position and share structure as of the second quarter of 2024.

Risk Assessment

Risk Level: low — This filing is a standard quarterly report and does not indicate any immediate or significant new risks.

Key Numbers

• 2024-06-30 — Reporting Period End Date (Covers the second quarter of 2024)
• 2023-12-31 — Prior Year End Date (For comparative financial data)

Key Players & Entities

• Ares Acquisition Corp II (company) — Filer of the 10-Q
• 20240630 (date) — End of the reporting period
• 20240805 (date) — Filing date
• Ares Management LLC (company) — Mailing address contact

FAQ

Key Financial Figures

• $0.0001 — nsisting of one Class A Ordinary Share, $0.0001 par value, and one-half of one redeemab
• $11.50 — Ordinary Share at an exercise price of $11.50 AACT WS New York Stock Exchange Indic
• $0 — ,000 Class A ordinary shares, par value $0.0001, and 12,500,000 Class B ordinary s
• $100,000 — Company to pay taxes, and to pay up to $100,000 of any dissolution expenses. The Comp

Filing Documents

• aac-20240630.htm (10-Q) — 520KB
• aaciiq22024exhibit311.htm (EX-31.1) — 12KB
• aaciiq22024exhibit312.htm (EX-31.2) — 12KB
• aaciiq22024exhibit321.htm (EX-32.1) — 6KB
• aaciiq22024exhibit322.htm (EX-32.2) — 6KB
• 0001628280-24-034757.txt ( ) — 4063KB
• aac-20240630.xsd (EX-101.SCH) — 37KB
• aac-20240630_cal.xml (EX-101.CAL) — 23KB
• aac-20240630_def.xml (EX-101.DEF) — 286KB
• aac-20240630_lab.xml (EX-101.LAB) — 395KB
• aac-20240630_pre.xml (EX-101.PRE) — 381KB
• aac-20240630_htm.xml (XML) — 327KB

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

Unaudited Condensed Financial Statements

Item 1. Unaudited Condensed Financial Statements 2 Condensed Balance Sheets as of June 3 0 , 2024 (unaudited) and December 31, 2023 2 Unaudited Condensed Statements of Operations for the three and six months ended June 3 0 , 2024 and 2023 3 Unaudited Condensed Statements of Changes in Shareholders' Deficit for the three and six months ended June 3 0 , 2024 and 2023 4 Unaudited Condensed Statements of Cash Flows for the six months ended June 3 0 , 2024 and 2023 5 Notes to Unaudited Condensed Financial Statements 6

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 18

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 21

Controls and Procedures

Item 4. Controls and Procedures 21

—OTHER INFORMATION

PART II—OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 22

Risk Factors

Item 1A. Risk Factors 22

Unregistered Sales of Equity Securities and Use of Proceeds from Registered Securities

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds from Registered Securities 22

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 23

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 23

Other Information

Item 5. Other Information 23

Exhibits

Item 6. Exhibits 23

Signatures

Signatures 24 1 Table of Contents

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements ARES ACQUISITION CORPORATION II CONDENSED BALANCE SHEETS As of June 30, As of December 31, 2024 2023 (Unaudited) Assets Current Assets: Cash $ 1,396,782 $ 1,905,123 Prepaid expenses 371,469 509,950 Total current assets 1,768,251 2,415,073 Investments held in Trust Account 536,846,043 523,038,352 Total assets $ 538,614,294 $ 525,453,425 Liabilities and shareholders' deficit Current liabilities: Accrued expenses $ 437,995 $ 271,633 Due to related party 23,250 7,500 Total current liabilities 461,245 279,133 Overfunding loans 5,000,000 5,000,000 Deferred underwriting and advisory fees 17,500,000 17,500,000 Total liabilities 22,961,245 22,779,133 Commitments and contingencies Class A ordinary shares, $ 0.0001 par value; 50,000,000 shares subject to possible redemption at $ 10.73 and $ 10.46 per share at June 30, 2024 and December 31, 2023, respectively 536,746,043 522,938,352 Shareholders' deficit Preference shares, $ 0.0001 par value; 99,990,000 shares authorized; none issued or outstanding — — Class A ordinary shares, $ 0.0001 par value; 9,000,000,000 shares authorized; none issued and outstanding (excluding 50,000,000 shares subject to possible redemption at June 30, 2024 and December 31, 2023) — — Class B ordinary shares, $ 0.0001 par value; 900,000,000 shares authorized; 12,500,000 shares issued and outstanding at June 30, 2024 and December 31, 2023 1,250 1,250 Accumulated deficit ( 21,094,244 ) ( 20,265,310 ) Total shareholders' deficit ( 21,092,994 ) ( 20,264,060 ) Total liabilities and shareholders' deficit $ 538,614,294 $ 525,453,425 The accompanying notes are an integral part of these unaudited condensed financial statements. 2 Table of Contents ARES ACQUISITION CORPORATION II CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) For the three months ended June 30, For the six months ended June 30, 2024 2023 2024 2023 General and administrative expenses $ 373,422 $ 307,287 $ 828,93

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