Forex Trading

A proper handle forms in the upper half of the base and is at least five trading days long, typically light in volume. By learning to recognize them in real time, traders can limit their risks by determining the best points for entry and exit. Prior to the decline that started the cup and handle pattern, the price had advanced about 30% over several months.

It is ideal for the pattern to have a bowl-shaped bottom and an even downward-sloping handle. Yet, in most cases, the chart formation might show a sharp “V” and a somewhat downward-sloping handle that is either a pennant or even a wedge. As long as the bottom forms at less than 50% of the previous uptrend and the handle doesn’t retrace over one-third in regards to the cup’s depth, you should be good to go. Also, if you see a golden crossover occurring — a smaller moving average crossing above the higher moving average — it might validate the breakout potential of the cup and handle formation. This is the exact turning point; you can validate the same by pulling out the volume chart.

Cup and handle stop-losses and profit targets

No one can explain how to trade cup and handle pattern better that way you have explained in this short article. Finally, when the price breaks out of Resistance, the cup and handle pattern is “confirmed”, and the market could move higher. That’s why in this trading strategy guide, I want to dive deep into the Cup and Handle pattern so you, yourself, can find your own “monster” breakout trades. How to earn an extra 13 – 26% a year without reading financial reports, studying chart patterns, or following the news.

For example, suppose Bitcoin was currently trading at $6,000, and you wanted to set a stop-loss at $5,000 as soon as Bitcoin falls below $5,000 for any reason. In that case, the exchange automatically closes your trade, and all losses will be limited to around 10%. If seeking an early point, then be sure to enter with partial share size to minimize risk. Product offerings and availability vary based on jurisdiction. I don’t get how you can use previous lows as a trailing stop loss if you are going long. Useful guide, it’s definitely a pattern to always be watching for.

Limitations of the Cup and Handle

These movements form a ‘u’ shape on the chart – this is known as the cup. A stop-loss order gets a trader out of a trade if the price drops, instead of rallying, after buying a breakout from the cup and handle formation. The stop-loss controls risk on the trade by selling the position if the price declines enough to invalidate the pattern. In addition to the price levels, some traders also look at trade volume in the asset before entering a trade after a cup and handle pattern. Higher volume indicated that more investors are buying that asset, and higher demand could lead to higher prices in the near future.

And yes, there is an inverse cup and handle in the technical analysis world, which is nothing but bearish. There are many to analyze the price expectations of a high beta asset, like cryptocurrency and stocks. While reading through the asset fundamentals is a good strategy, technical analysis works best for those interested in short- and mid-term price projections. Chart indicators and patterns make it harder for newbies to make sense of the market. And while some patterns can be hard to decode, this guide focuses on the cup and handle pattern — a bullish sign with excellent credibility and reliability. As a general rule, cup and handle patterns are bullish price formations.

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In the end, security breaks out again, surpassing the cup depth at its lowest point. In this method, you should extend a Fibonacci tool from the cup low to the high on its right and then connect it to the cup low. Now you will have two points on your chart – one on the right and one on the left.

• Per the pattern, the bullish sentiment is likely to continue as the sellers will get tired and leave the assets at the counter.
• Finally, one limitation shared across many technical patterns is that it can be unreliable in illiquid stocks.
• Secondly, you need to learn to identify the length and depth of a true cup and handle, as there can be false signals.
• A value above 80 indicates that it is overbought, while one below 20 shows oversold conditions.

That’s why we designed StocksToTrade to have such incredible, easy-to-customize charts. You can add in lines for support or resistance, use technical indicators, easily export to review later, and so much more. The best place to enter a trade using this pattern is when the handle forms.

What Is an Inverted Cup and Handle Pattern?

The cup and handle pattern, also sometimes known as the cup with handle pattern was first identified by stockbroker William O’Neil in 1988. HowToTrade.com helps traders of all levels learn how to trade the financial markets. No, the Inverse Cup and Handle is a bearish what does a cup and handle chart mean pattern that signals the end of an uptrend and the beginning of a new downward trend. When this pattern appears, the price typically makes a long bearish move after the price reversal. Every pattern has pros and cons, including the inverted cup and handle pattern.

The daily and weekly charts at both Investors.com and MarketSmith make heavy turnover easy to spot. Simply compare the day or week’s volume with the moving average line drawn across the volume bars. An Investors.com chart will also tell you in real time how volume is running in comparison with typical level at that time of the trading session. Two waves identify a cup and handle formation – the first wave down to form the cup, followed by a second wave with slight retracement before making new highs forming the handle. Conversely, after the price formation of a cup and handle pattern has finished, the security will likely reverse course and reach new highs.

The inverse cup and handle pattern

The inverted cup and handle pattern screams a sell signal for traders. However, this does not mean that you should immediately take a short trade once the initial signs of the pattern start to appear on the chart. The highest probability is only displayed after the inverse cup and handle pattern is complete. A common question is whether there is any difference between them. A traditional cup and handle pattern is an indicator of a bullish continuation. The inverted cup and handle pattern’s meaning is obvious from its name and functionality.

They are commonly used in manufacturing and warehousing operations. Bin cards typically contain information such as the item name, item description, quantity, and location. Inventory bin cards and ERP systems are both tools that can be utilized in a manufacturing organization to keep track of inventory. Determining which tool is best for your particular needs depends on the size and scope of operations and how quickly inventory needs to be managed. They make tracking inventory levels much easier on the most fundamental level. However, bin cards remain a viable option for those who do not have access to or the resources for automated tracking and should be considered whenever inventory management is discussed.

Bin card and stores ledger can be maintained by regularly updating the information on them, checking for errors and discrepancies, and reconciling the data with physical inventory counts. Stock Damage or Lost – It is quite common thing in manufacturing concern. If the nature of loss is normal, then a written approval for the write off the i nventory is necessary.

Bin Card definition

Inventory databases constantly track received stock items, stock items sold, stock item movement, stock items used in production and stock items scrapped. They are both used to record the details of inventory transactions such as purchase, issue, and transfer. The “store ledger” is a great way to see how much inventory you have and what the prices are. By the accounting staff, to use as the basis for calculating the ending cost of inventory on hand. The storekeeper is responsible for recording every receipts and issue of stock from the store. Bin Card only record the quantity of the stock where store ledger maintain both quantity and value of the materials.

For smaller businesses with fewer items in inventory, manual inventory bin cards may prove to be sufficient. They are more straightforward, require less training, and are often relatively cost-effective. Whether you keep your inventory records in paper form or digitally, using bin cards can help you maintain order in your warehouse while also ensuring that you never lose track of what you have on hand.

What is Bin Card?

The physical stock count and the stock quantity reported according to the bin card should be equal; otherwise internal audit department will have the right to investigate the matter with management. Bin cards can help to improve waste management by providing an accurate record of what is being thrown away. They can also be used to track the performance of different waste collection services.

• In addition to this content, she has written business-related articles for sites like Sweet Frivolity, Alliance Worldwide Investigative Group, Bloom Co and Spent.
• In this case, the f ormat of Bin Card will have to be updated with the loss/ damage column.
• For an outgoing inventory, bin cards can be used to track which items have been shipped to customers.
• They remain an essential tool for inventory management and should be considered part of any warehouse planning process.
• With perpetual inventory systems, the inventory records are continually updated in real-time, explains AccountingTools.

Here you can publish your research papers, essays, letters, stories, poetries, bin card is placed at biographies and allied information with a single vision to liberate knowledge.

Definition of Bin Card

As Bin Card updated during difference between bin card and store ledger every receipts and issue, the stock of particular items can easily find out. In a Bin Card the Level of Stock such as Maximum, Minimum and Reorder Level are clearly stated. Overall, inventory bin cards have been valuable in the warehouse industry since they were developed.

• It
  is essentially a receipt or stock card that is used for each order,
  commodity, or sale.
• It is used to keep track of all receipt and issue transactions concerning materials.
• Ultimately, choosing the right solution to meet your specific needs will help ensure you effectively manage your inventory.
• Several other categories that vary depending on the stock room’s needs are featured on the bin card.

On the bin card, every receipt and issue is kept in chronological order and the recent balance is exposed after each receipt and issue. Bin card is maintained by a storekeeper whereas store ledger is maintained by the cost accountant. In the case of bin card, each transaction is recorded separately, but in stores, ledger transactions are tracked in summarized form. A bin card makes a record of the receipt and issue of material and is kept for each item of stores carried.

The inventory level has fallen below the level of minimum stock level. It requires Aqua to place a fresh urgent order of this raw material as soon as possible. This also highlights the bas planning of raw materials because the inventory level should not fall below the minimum stock level. Bin Card works as a great tool in exercising an effective control over the inventory management.

What Is Inventory Tracking?

In the events of accounting for daily business purposes, an idea of manufacturing companies is that a “bin card” is like a rough book and “stores ledger” is like a book of school. Bin card only consist of quantitative details, i.e. only the quantity of material received, issued, returned and those in stock are recorded. Conversely, stores ledger keeps a record of both quantity and cost of material received, issued and at hand. Bin Card also called as ” Stock Card” or “Bin Tag” using to record all the receipts and issues of the stocks from the store department. This cards records the quantity of the materials and show the movements such as receipts, issues and balance of the materials. Bin card and stores ledger can be kept updated by regularly recording new transactions and reconciling the data with physical inventory counts.

As a result, better working capital policies can be developed that will improve the liquidity of the company. Inventory bin cards may be the way to go if you need to keep track of fewer items and operate on a tight budget. Exploring both options is vital in ensuring you get the most out of your inventory management system. According to Accountinguide, taking inventory can be time-consuming and take several hours to finish. However, using bin cards that indicate minimum material levels can help employees be notified when there is a problem with the inventory. According to the first calculation above, company A’s reserve bin should stock at least 480 fasteners.

In cost accounting, bin card refers to a recording document, whereas stores ledger indicates an accounting record. Bin card possesses the specifics of goods only in terms of keeping a score of the quantity. On the other hand, stores ledger has particulars of materials in terms of both quantity and value.

Most bin cards used today are electronic, making it much simpler to keep track of a significant amount of stock. Depending on the company’s requirements, a computer can either fully or partially automate the collection process. The two-bin inventory control system is a basic technique used to ensure that companies reduce these risks and always have, more or less, the right level of stock to meet demand without overdoing it. A ledger is a critical tool for financial reporting and decision-making. It provides a complete record of a company’s financial transactions and can be used to generate a variety of financial statements. Bin Cards and Store Ledger should be reconciled independently on the basis of documents that were used for entries.

There is no specific format for the bin card as organization can design their own stock card according to their requirements and reporting analysis. It is maintained by the person responsible for these assets, such as the warehouse manager. A stores ledger is particularly useful for maintaining a perpetual inventory system, since it tracks the current quantity of items on hand. Bin cards become especially important in perpetual inventory systems. With perpetual inventory systems, the inventory records are continually updated in real-time, explains AccountingTools.

Which bin do you put a dead cat in?

Bin cards can also be used when tracking many items that do not lend themselves well to automated tracking. They remain an essential tool for inventory management and should be considered part of any warehouse planning process. Bin cards, which are sometimes referred to as inventory cards or stock cards, are record-keeping documents used in retail and other businesses that require a stock room.

Not having enough inventory can result in missing out on sales opportunities and losing out to competitors. Holding too much stock, on the other hand, increases the possibility of damage, spoilage, theft, and falling victim to shifts in demand. It also means higher storage costs and delays recouping money from purchased goods to reinvest in the business.

Ask Any Difference is made to provide differences and comparisons of terms, products and services. These solutions allow organizations to manage their inventory more efficiently and cost-effectively. Moreover, depending on historical patterns of variance in the depletion rate of the working stock (bin no. 1), the amount ordered for the reserve stock (bin no. 2) can be adjusted. At the same time, modern systems offer more advanced ways to track inventories that may be more suitable for more extensive operations.

Bin cards are documents to keep track of the balance and values for material items. They both contain information about the items in inventory, such as item description, quantity on hand, and unit of measure. Store Ledger is record of both quantities and values but Bin cards is record of quantities only.

I personally use TraderSync for my trading journal, because of a fantastic design that is very easy to use and a slew of features and functionality that easily beat the competition. Instead of writing about market conditions, mistakes, what went well, and new strategy ideas, take a screenshot of the trading day with some typed annotations on it. The data in your journal is only as good as what you do with it. That means it’s important to understand the mechanics of the stock market to make sense of your data. Don’t just focus on what you’re doing wrong — look at what’s going right, too.

A scientist has a journal to track their latest findings and the results of experiments. A bodybuilder has a journal to track his diet, weight, and strength. Having these bits of information helps you know if your strategy needs tweaking or a complete replacement. Download this free eBook for the top 25 most essential rules necessary to become a disciplined trader. However, the word diary implies a personal record of daily activities and events, while a journal is often used to explore thoughts and ideas in depth. Some are specialized publications devoted to scientific, medical, professional, or trade interests.

Disadvantages Of Keeping A Trading diary

But perhaps most importantly, a trading journal can help keep your emotions in check. It can serve as an objective reminder of your trading plan, which is essential for avoiding emotional Forex trading tips mistakes like revenge trading or overtrading. By keeping detailed records, you can pinpoint what works for you and what doesn’t, helping you make more informed decisions in the future.

A trading journal is an essential tool for any serious trader looking to improve their performance. And before we know, the knee-jerk reaction does more harm than good, and the loss compounds. Here, having a trading journal helps traders to take emotions out of the equation. Knee-jerk trades can easily be avoided as penning them down in a journal makes the trader more conscious and less likely to add an impulse trade in a book of profitable ones. The best trading journal is really up to the trader to decide on what they need from a trade journal and the level of depth they seek.

All successively executed trades are methodically planned, and a trading journal can be a record of the performance of each trading strategy. Regardless of how the market performs, you can adequately assess the potential of a particular trade using a trading journal. There are several steps you must follow when keeping a journal. First of all, you must write down why you are entering a position before actually committing yourself to it. This way an objective reasoning is ensured, which you can use at a later point, unbiased by a possible disappointment. Such a chart, showing a positive balance of your trading history, may be used to cheer you up and restore your confidence after a bad streak discourages you.

Maybe you are on vacation out of the country, and you decided to invest in stocks, but you left your journal at home. While you can definitely take note of adding the transaction, https://investmentsanalysis.info/ later on, it can be a little hassle for you. On the other hand, you have to set your take profit or TP level where you will sell your stock so that you can lock in your profit.

Trade Size

Maintaining a journal forces you to face the truth about what you’re doing right — and what you’re doing wrong. When you’re honest about where you could improve, it can give your study time a sense of direction. Crazy how that works … But once he realized which of his trades had the best success rate, he was able to zero in on these strategies and refine them. Of course, I also take it further and keep track of my progress by recording videos and posting on social media to offer even more resources for my students. Review your performance after the delegated amount of time you have set yourself (daily, weekly, or monthly), and analyse the trades. It offers a free subscription with limited features and the ability to track up to 30 trades per month, which is a worthwhile demo to test before signing up for the paid service.

• A lot of traders just keep track of their trades in plain old spreadsheets.
• In your written document (or in another tab), you should have a section for each day where you can write down all your thoughts and ideas so you can get them organized.
• This section of the trader’s journal is his equivalent to P/L and helps predict future profits.

To summarize, we can say that EdgeWonk, TraderSync, Trademetria and Tradervue are the perfect solutions for traders who want powerful analytics features at their fingertips. TraderSync has the extra benefit that all features can be tested for 7 days for free. Trademetria has a robust user interface but only comes with delayed quotes.

Trade size

Trading journals are a mandatory tool in your arsenal, regardless of your experience level, strategy, or preferred asset class. It can give you invaluable insights you can’t get otherwise while also helping you become a more disciplined trader. You may choose to ignore any you don’t believe would improve your trading. The image below is an example of a basic forex trading journal in an excel format.

Through meticulous recording of relevant details, all calculations and moves made during the trade session can be properly examined. This framework can determine the
success of your trades and can avoid future mishaps for a more ideal trading strategy. Tried to track my trades but failed to keep track of my trades consistently.

Trading Stocks

Your written document is also where you’ll be making the argument over whether a specific trade idea you have is good or not. Your trade ideas should be turned upside down and inside out, so you can spot the strengths and weaknesses of each one. Before you enter any trade, you need to have a good reason for doing so. In your written document (or in another tab), you should have a section for each day where you can write down all your thoughts and ideas so you can get them organized. Some traders may also add the time frame, screenshots of the setup, and anything else they may deem important.

Following up on the previous benefit, having a trading journal puts everything in black and white and more importantly, in numbers. This greatly helps traders to gauge their trading performance, rethink their strategies, and alter trade setups in the coming sessions. Online trading journals are convenient because they have most of the features traders could ever want.

However, the 6 main components of a trading journal mentioned above should always be recorded. These are very important, especially to new traders who are just starting out. In the sample charts above that you showed why would you put your stop loss so far away? I know that you follow the rule of 1 ATR away from your entry point as your stop loss but isn’t that kind of risk exposure quite too risky?

Spread betting can be lucrative but many who trade these products lose money overall. If you understand this equation, then you will understand what is necessary to become a consistently profitable trader. Therefore, you using this trading journal you’ll always know your maximum loss on the trade. The easiest way to start a trading journal is an A5 or A5 notebook and split the page into columns with your desired data collection points.

Why do you need a trading journal?

And, even better, thanks to the tagging and strategy honing, I learned a lot about myself as a trader. The written document is where a trader lets loose their creativity while their spreadsheet helps to measure the profitability of their creativity. Both are very useful when creating and using a trading journal.

By recording your trades, market observations, and overall thoughts, you’re not just learning from your own mistakes and successes — you’re also learning how the stock market works. Here’s everything you need to know about trading journals, including what they are, why they matter, and how to create an effective one. Trademetria is a powerful trading journal developed by Thiago Ghilardi, a computer science graduate and full-time trader. Trademetria is a tool with tens of thousands of users around the world.

If you want to find more trading opportunities, trade more markets, trade a new timeframe, or both. You’ll want to state your setup, mark down your entry level and stop loss on it (I use green and red respectively). Only then you’ll get a full picture of the factors that drive your trading performance.

Before making any voting decision, investors and security holders of AAC and X-energy are urged to read the Registration Statement, the proxy statement/prospectus contained therein, and all other relevant documents filed or that will be filed with the SEC in connection with the Business Combination as they become available because they will contain important information about the Business Combination. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by investors as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of AAC’s Annual Report on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, the proxy statement/prospectus related to the transaction, when it becomes available, and other documents filed (or to be filed) by AAC from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.

Ableauctions.com Inc. powered up 8.3% Tuesday after announcing that it agreed to a deal with Overstock.com to jointly launch a reseller marketplace for wholesale merchandise.

Operational Improvements Will Support Structurally Higher Profitability at ABB; FVE Slightly Raised

Ares Management Corporation is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2023, Ares Management Corporation’s global platform had approximately $378 billion of assets under management, with over 2,600 employees operating across North America, Europe, Asia Pacific and the Middle East. AAC is a special purpose acquisition company (“SPAC”) affiliated with Ares, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination. X-energy is advancing nuclear energy generation through its latest-generation high-temperature gas-cooled reactor (“HTGR”), the Xe-100, and its proprietary tri-structural isotropic (“TRISO”) encapsulated particle fuel, TRISO-X.

This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. Such statements may include, but are not limited to, statements regarding the date of the Shareholder Meeting. Although these forward-looking statements are based on assumptions that the Company believes are reasonable, these assumptions may be incorrect. These forward-looking statements also involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

Only holders of record of Class A ordinary shares and Class B ordinary shares as of the close of business on December 15, 2022, the record date for the Shareholder Meeting are entitled to vote at the Shareholder Meeting or any adjournment thereof. Completion of the transaction is subject to approval by AAC’s shareholders, the Registration Statement (as defined below) being declared effective by the Securities and Exchange Commission (the “SEC”), and other customary closing conditions. Completion of the transaction is subject to approval by AAC’s shareholders, the Registration Statement (as defined below) being declared effective by the Securities and Exchange Commission (the “SEC”), and other customary closing conditions. Upon the closing of the transaction, the combined company will be named X-Energy, Inc., and its common equity securities and warrants will be listed on the New York Stock Exchange. Additional information about the proposed transaction will be described in the registration statement relating to the transaction, which AAC will file with the SEC.

AAC Holdings downgraded to neutral from buy at Mizuho

The proposed transaction has also been approved by the requisite members of X-Energy. Completion of the transaction is subject to customary closing conditions, including the approval of the AAC shareholders and the receipt of certain governmental and regulatory approvals. X-Energy Reactor Company is merging with special purpose acquisition company Ares Acquisition Corp. in a $2 billion deal that will see the developer of small nuclear reactors go public. Upon the closing of the transaction, which is expected to be completed in the fourth quarter of 2023, the combined company will be named X-Energy, Inc. and its Class A common stock and warrants are expected to be listed on the New York Stock Exchange.

After adjusting for market conditions, X-energy and AAC believe the amended terms provide an even more attractive entry point for investors to participate in the potential long-term upside of X-energy’s leading nuclear technology and future energy market position. X-energy and AAC are committed to driving long-term value creation for all stakeholders. Combined with X-energy’s $103 million C-2 private financing and cash-in-trust, this additional capital is expected to deliver approximately $534 million to the combined company, assuming no redemptions by AAC shareholders in connection with the shareholder vote to approve the business combination. The additional capital will help accelerate the development and deployment of X-energy’s advanced technology. AAC is a special purpose acquisition company (SPAC) affiliated with Ares Management Corporation, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination. AAC is seeking to pursue an initial business combination target in any industry or sector in North America, Europe or Asia.

COWEN AND COMPANY, LLC Acquires New Stake in Ares Management Corp

You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of AAC’s Annual Report on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, the Registration Statement and the proxy statement/prospectus related to the transaction, when it becomes available, and other documents filed (or to be filed) by AAC from time to time with the SEC. These risks and uncertainties may be amplified by the conflict between Russia and Ukraine, rising levels of inflation and interest rates and the ongoing COVID 19 pandemic, which have caused significant economic uncertainty. Investors are cautioned not to put undue reliance on forward-looking statements, and X-Energy and AAC assume no obligation and do not intend to update https://1investing.in/ or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities and other applicable laws. X-Energy Reactor Company, LLC, is a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation that is redefining the nuclear energy industry through its development of safer and more efficient reactors and proprietary fuel to deliver reliable, zero-carbon and affordable energy to people around the world. X-energy’s simplified, modular, and intrinsically safe SMR design expands applications and markets for deployment of nuclear technology and drives enhanced safety, lower cost and faster construction timelines when compared with conventional nuclear.

The Xe-100 is engineered to operate as a single 80-megawatt (“MWe”) unit and is optimized as a four-unit plant delivering 320 MWe. With load-following capabilities, the Xe-100 can support intermittent renewable (solar and wind) and other clean energy options with reliable baseload generation. This range of estimated costs does not account for any site-specific cost adjustments related to the Seadrift site, which was announced as the location of the Xe-100 facility after this estimate was prepared, or Dow’s engagement in the ARDP project, which in large part began after this estimate was prepared. Dow and X-energy believe that both of those factors could ultimately lead to a reduction in costs and intend to work collaboratively to reduce costs where possible. UBS Securities LLC and Citigroup Global Markets Inc. are serving as capital markets advisors to AAC and Ropes & Gray LLP is acting as legal advisor to the capital markets advisors. Receive special offers from The Daily News and select partners including discounts, contests and more.

X Energy Reactor Company, LLC (“X-energy”) is a leading developer of small modular nuclear reactor and fuel technology for clean energy generation that is redefining the nuclear energy industry through its development of safer and more efficient advanced small modular nuclear reactors and proprietary fuel to deliver reliable, zero-carbon and affordable energy to people around the world. X-energy’s simplified, modular and intrinsically safe SMR design greatly expands applications and markets for deployment of nuclear technology and drives enhanced safety, lower cost and faster construction timelines when compared with other SMRs and conventional nuclear. After the Registration Statement has been declared effective, AAC will mail a copy of the definitive proxy statement/prospectus, when available, to its shareholders. The Registration Statement includes information regarding the persons who may, under the SEC rules, be deemed participants in the solicitation of proxies to AAC’s shareholders in connection with the Business Combination.

Ares Acquisition Corporation Announces Change of Extraordinary General Meeting Date

Additional information regarding the interests of those participants and other persons who may be deemed participants in the business combination may be obtained by reading the registration statement and the proxy statement/prospectus and other relevant documents filed with the SEC when they become available. Free copies of these documents may be obtained as described in the preceding paragraph. The business combination ascribes a pre-money equity value of approximately $2.0 billion to X-energy. Existing X-energy equity holders will roll 100% of their existing equity interests into the combined company. In addition, the combined company will receive approximately $1 billion of cash held in AAC’s trust account, assuming no redemptions by AAC shareholders. Institutional and strategic investors have also invested or committed $120 million in financing.

• We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities.
• Investors are cautioned not to put undue reliance on forward-looking statements, and X-energy and AAC assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities and other applicable laws.
• As of June 30, 2023, Ares Management Corporation’s global platform had approximately $378 billion of assets under management, with over 2,600 employees operating across North America, Europe, Asia Pacific and the Middle East.
• TRISO fuel has a more than 40-year demonstrated track record through prototype and full-scale reactors and has been called “the most robust nuclear fuel on earth” by the U.S.

This press release relates to a proposed transaction between X-energy and AAC (the “Business Combination”). This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. After the Registration Statement has been filed and declared effective, AAC will mail a copy of the definitive proxy statement/prospectus, when available, to its shareholders. The Registration Statement will include information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to AAC’s shareholders in connection with the Business Combination.

Market Updates

By developing the proprietary TRISO-X fuel, X-energy has further enhanced the safety of the product and can ensure steadier supply and greater quality control. This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Extension Amendment Proposal. This communication shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom. The Company plans to continue to solicit proxies from shareholders during the period prior to the Shareholder Meeting.

Representing the next stage in the evolution of nuclear energy technology, the pioneering design of the Xe-100 couples its scalability, innovative modularity, enhanced safety and higher temperature capabilities with decades of HTGR research and operating experience. The Xe-100 can also uniquely address a broader range of uses and applications compared with conventional nuclear reactors. This specifically includes applications that currently rely on fossil fuels to produce steam difference between yield and return and heat for processes like manufacturing, petroleum refining and hydrogen production. X-energy also announced the completion of key engineering and design milestones as its Xe-100 advanced small modular nuclear reactor (“SMR”) has progressed from basic design to the Final Design Readiness Review phase. Reaching this phase demonstrates the substantial progress the Company has made to develop and eventually deploy an innovative advanced nuclear facility through the U.S.

“The transition to clean energy is rapidly accelerating across the globe and nuclear is well-positioned to lead the way as a clean, safe, secure and affordable solution,” said Kam Ghaffarian, Ph. D., Founder and Executive Chairman of X-energy. “The additional investments from Ares and myself provide added capital to help accelerate X-energy’s ability to deliver advanced small modular nuclear reactor technology. We are committed to aligning ourselves with shareholders and the updated valuation underscores that alignment.” Underpinning this demand is a supportive regulatory backdrop in the U.S., where there is strong bi-partisan support for nuclear power. Department of Energy to receive $1.2 billion in federal funding as part of the Advanced Reactor Demonstration Program. The funding is intended to provide significant financial support for the delivery of a first-of-a-kind commercial advanced nuclear plant and TRISO-X fuel fabrication facility. In 2022, the Inflation Reduction Act and Infrastructure Investment and Jobs Act allocated hundreds of billions of dollars to the clean energy sector, with the former providing tax credits of up to 50% of initial capital costs for advanced nuclear reactors.

As previously announced, existing X-energy equity holders will roll 100% of their equity interests into the combined company. Institutional and strategic investors have invested or committed up to $148 million in financing, which combined with approximately $485 million of cash held in AAC’s trust account as of March 31, 2023, assuming no redemptions by AAC shareholders, will result in $515 million of cash to the combined company balance sheet, after fees. Immediately following the consummation of the transaction and assuming none of AAC’s existing shareholders exercise their redemption rights, X-energy’s existing equity holders are expected to hold approximately 72% of the issued and outstanding shares of common stock of the combined company. On December 21, 2022, the Company filed a definitive proxy statement with the Securities and Exchange Commission (the “SEC”) in connection with its solicitation of proxies for the Shareholder Meeting. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND OTHER DOCUMENTS THE COMPANY FILES WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION.