Sports Properties Acquisition Corporation

Endeavor Releases Third Quarter 2023 Results

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Mercredi, novembre 8, 2023

Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor” or the “Company”), a global sports and entertainment company, today released its financial results for the quarterly period ended September 30, 2023.

Key Points:

Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor” or the “Company”), a global sports and entertainment company, today released its financial results for the quarterly period ended September 30, 2023.
Events, Experiences & Rights segment revenue was $367.1 million for the quarter, down $27.1 million, or 6.9%, compared to the third quarter of 2022.
Representation segment revenue was $385.6 million for the quarter, down $2.7 million, or 0.7%, compared to the third quarter of 2022.
Adjusted EBITDA was $96.3 million for the quarter, down $36.6 million, or 27.5%, compared to the third quarter of 2022.

X-Energy Participates in SPAC Insider Podcast

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Lundi, octobre 23, 2023

X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, announced today that Chief Executive Officer of X-energy, J. Clay Sell participated in a SPAC Insider podcast.

Key Points:

X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, announced today that Chief Executive Officer of X-energy, J. Clay Sell participated in a SPAC Insider podcast.
Click here to hear the podcast.
How advanced small modular reactors are uniquely positioned in the energy mix for a range of utilities and industrial clients.
How X-energy's focus on its proprietary nuclear fuel – TRISO-X - has brought a new business model to the space.

X-Energy Announces Participation in IPO Edge Fireside Chat

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Jeudi, octobre 19, 2023

Utilities, Technology, Other Technology, Other Science, Energy, Science, Nuclear, SMR, IPO, Register, Rolls-Royce SMR, Business analyst, Form, AAC, NYSE, Sports Properties Acquisition Corporation, Securities and Exchange Commission (Philippines)

X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, announced today that Chief Executive Officer of X-energy, J. Clay Sell will participate in an IPO Edge Fireside Chat .

Key Points:

X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, announced today that Chief Executive Officer of X-energy, J. Clay Sell will participate in an IPO Edge Fireside Chat .
Among the topics Mr. Sell will discuss are: global demand for clean energy; what differentiates X-energy’s Small Modular Nuclear Reactor (SMR), the Xe-100, and its proprietary fuel, TRISO-X; X-Energy’s market opportunity, customers and strategic partners; the role of SMRs in energy security.
An extraordinary general meeting of shareholders (the “Extraordinary General Meeting”) to approve the Business Combination is scheduled to be held on October 31, 2023 at 4:00 p.m. Eastern Time.
More information about this announcement can be found here .

Ares Acquisition Corporation and X-Energy Reactor Company, LLC Announce Effectiveness of Registration Statement and October 31, 2023 Extraordinary General Meeting to Approve Business Combination

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Lundi, octobre 16, 2023

Finance, Alternative Energy, Energy, Professional Services, Nuclear, NYSE, Extraordinary general meeting, Sports Properties Acquisition Corporation, Proxy, Form, AAC, Growth, Kirkland & Ellis, Lexington Avenue, Citigroup Center, Business analyst, Register, Security (finance)

An extraordinary general meeting of shareholders (the “Extraordinary General Meeting”) to approve the Business Combination is scheduled to be held on October 31, 2023 at 4:00 p.m. Eastern Time.

Key Points:

An extraordinary general meeting of shareholders (the “Extraordinary General Meeting”) to approve the Business Combination is scheduled to be held on October 31, 2023 at 4:00 p.m. Eastern Time.
The Extraordinary General Meeting will be held in person at the offices Kirkland & Ellis LLP located at 601 Lexington Avenue, New York, New York 10022 and virtually via live webcast.
AAC filed its definitive proxy statement/prospectus relating to the Business Combination with the SEC and began mailing it to shareholders on Friday, October 13, 2023.
The NYSE listing is subject to the closing of the Business Combination and fulfillment of all NYSE listing requirements.

Endeavor Releases Second Quarter 2023 Results

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Mardi, août 8, 2023

Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor” or the “Company”), a global sports and entertainment company, today released its financial results for the quarterly period ended June 30, 2023.

Key Points:

Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor” or the “Company”), a global sports and entertainment company, today released its financial results for the quarterly period ended June 30, 2023.
Events, Experiences & Rights segment revenue was $591.1 million for the quarter, up $23.3 million, or 4.1%, compared to the second quarter of 2022.
Representation segment revenue was $381.1 million for the quarter, up $23.2 million, or 6.5%, compared to the second quarter of 2022.
Sports Data & Technology segment revenue was $130.6 million, up $70.2 million, or 116.3%, compared to the second quarter of 2022.

Ares Acquisition Corporation Announces Successful Second Extension and Redemption Results

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Mardi, août 1, 2023

Professional Services, Finance, Combination, Business analyst, AAC, NYSE, Sports Properties Acquisition Corporation, Security (finance), Medical device

Ares Acquisition Corporation (NYSE: “AAC.U”, “AAC”, “AAC WS”) (“AAC” or the “Company”) today announced its shareholders approved a further extension of the period of time that the Company has to consummate its proposed business combination (the “Business Combination”) with X-Energy Reactor Company, LLC, a Delaware limited liability company ("X-energy") to November 6, 2023.

Key Points:

Ares Acquisition Corporation (NYSE: “AAC.U”, “AAC”, “AAC WS”) (“AAC” or the “Company”) today announced its shareholders approved a further extension of the period of time that the Company has to consummate its proposed business combination (the “Business Combination”) with X-Energy Reactor Company, LLC, a Delaware limited liability company ("X-energy") to November 6, 2023.
As a result, approximately $482,395,329.56 will remain in the Company's trust account.
Following the redemption, the Company's remaining number of issued and outstanding Class A ordinary shares was 45,604,260.
It is currently expected that the Business Combination will be consummated in the third quarter of 2023.

Ares Acquisition Corporation Announces Continuation of Monthly Contributions to Trust Account in Connection With Proposed Second Extension

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Lundi, juillet 24, 2023

Banking, Professional Services, Finance, Restatements of the Law, Eastern Time Zone, Government, NYSE, Articles of association, Second, Sports Properties Acquisition Corporation, Security (finance)

In connection with the Additional Contributions, the Company amended and restated its existing non-interest bearing promissory note (the “Amended and Restated Note”) in favor of the Sponsor to include the Additional Contributions.

Key Points:

In connection with the Additional Contributions, the Company amended and restated its existing non-interest bearing promissory note (the “Amended and Restated Note”) in favor of the Sponsor to include the Additional Contributions.
The Amended and Restated Note is expected to be settled in cash at the closing of the Company’s business combination.
The funds in the Company’s trust account remain invested in U.S. government treasury obligations with a maturity of 185 days or less or in money market funds investing solely in U.S. government treasury obligations.
If shareholders have any questions or need assistance please call the Company’s proxy solicitor, Morrow Sodali LLC, at (800) 662-5200 (toll free) or banks and brokers can call collect at (203) 658-9400, or by e-mailing [email protected] .

Ares Acquisition Corporation II Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing June 12, 2023

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Lundi, juin 12, 2023

Professional Services, Finance, Transfer, Unit, Attention, Telephone, Bangladesh Securities and Exchange Commission, Sale, Prospectus, Acquisition, Citigroup, UBS, Security (finance), NYSE, Sports Properties Acquisition Corporation, Broadridge Financial Solutions

No fractional warrants will be issued upon separation of the Units and only whole warrants will trade.

Key Points:

No fractional warrants will be issued upon separation of the Units and only whole warrants will trade.
Holders of Units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the Units into Class A ordinary shares and warrants.
Citigroup and UBS Investment Bank acted as joint book-runners and representatives of the underwriters for the offering, and CastleOak acted as co-manager.
A registration statement relating to the Units and the underlying securities was declared effective by the Securities and Exchange Commission (the “SEC”) on April 20, 2023.

Endeavor Releases First Quarter 2023 Results

Retrieved on:

Mardi, mai 9, 2023

Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor”, “EGH”, or the “Company”), a global sports and entertainment company, today released its financial results for the quarterly period ended March 31, 2023.

Key Points:

Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor”, “EGH”, or the “Company”), a global sports and entertainment company, today released its financial results for the quarterly period ended March 31, 2023.
Events, Experiences & Rights segment revenue was $800.8 million for the quarter, up $19.9 million, or 2.5%, compared to the first quarter of 2022.
Representation segment revenue was $350.2 million for the quarter, down $7.1 million, or 2.0%, compared to the first quarter of 2022.
Endeavor expects to declare and pay the first dividend in the third quarter of 2023.

Ares Acquisition Corporation II Announces Closing of Upsized $500 Million Initial Public Offering and Partial Exercise of Over-Allotment Option

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Mardi, avril 25, 2023

Professional Services, Finance, Attention, Telephone, Sale, Section 8 (housing), ARES, Prospectus, Acquisition, Citigroup, UBS, NYSE, Sports Properties Acquisition Corporation, Broadridge Financial Solutions, Security (finance)

Total gross proceeds from the offering were $500 million before deducting underwriting discounts and commissions and other offering expenses payable by the Company.

Key Points:

Total gross proceeds from the offering were $500 million before deducting underwriting discounts and commissions and other offering expenses payable by the Company.
The Company’s sponsor is a subsidiary of Ares Management Corporation (“Ares”) (NYSE: ARES), a leading, global alternative investment manager with approximately $352 billion of assets under management as of December 31, 2022.
The Company’s units began trading on the New York Stock Exchange under the ticker symbol “AACT.U” on April 21, 2023.
Citigroup and UBS Investment Bank acted as joint book-runners and representatives of the underwriters for this offering, and CastleOak acted as co-manager.