X-energy, Ares call off merger plan

November 3, 2023, 9:31AMNuclear News

X-energy, the Rockville, Md.–based small modular reactor/nuclear fuel developer, and Ares Acquisition Corporation (AAC), a publicly traded special-purpose acquisition company, have agreed to terminate their business combination agreement, effective immediately, the companies announced this week.

To continue reading, log in or create a free account!

Related Articles

Texas A&M looks to host 4 SMR projects

February 6, 2025, 12:02PMNuclear News

Texas A&M chancellor John Sharp has announced that the university could soon become a home to small modular reactors from four advanced nuclear companies: Kairos Power, Natura Resources,...

Reboot: Nuclear needs a success . . . anywhere

January 10, 2025, 3:03PMNuclear NewsSusan Gallier

The media have gleefully resurrected the language of a past nuclear renaissance. Beyond the hype and PR, many people in the nuclear community are taking a more measured view of conditions that...

Oklo and Switch partner on nuclear

January 6, 2025, 9:31AMNuclear News

Advanced nuclear company Oklo and data center developer Switch closed out 2024 by announcing a new partnership to deploy 12 GW of advanced nuclear power under a master power agreement....

Disney World should have gone nuclear

November 22, 2024, 3:00PMNuclear News

There is extra significance to the American Nuclear Society holding its annual meeting in Orlando, Florida, this past week. That’s because in 1967, the state of Florida passed a law allowing...