1. Ares Acquisition Corporation II extends deadline for a business combination. 2. 640,288 Class A shares were redeemed prior to the meeting.
The extension decision indicates that acquisition efforts are ongoing, similar to previous SPAC behaviors, which often keeps the price stable but doesn't indicate immediate bullish or bearish sentiment.
While the meeting is relevant to AAC, the lack of significant news on business combination reduces the likelihood of a major price change.
The upcoming meeting and consequences of the extension may impact investor sentiment quickly.