<SUBMISSION>
<ACCESSION-NUMBER>0001157523-23-000719
<TYPE>DEFA14A
<PUBLIC-DOCUMENT-COUNT>2
<FILING-DATE>20230504
<DATE-OF-FILING-DATE-CHANGE>20230504
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>Arconic Corp
<CIK>0001790982
<ASSIGNED-SIC>3350
<IRS-NUMBER>842745636
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>DEFA14A
<ACT>34
<FILE-NUMBER>001-39162
<FILM-NUMBER>23886333
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>201 ISABELLA STREET
<CITY>PITTSBURGH
<STATE>PA
<ZIP>15212-5872
<PHONE>(412) 992-2500
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>201 ISABELLA STREET
<CITY>PITTSBURGH
<STATE>PA
<ZIP>15212-5872
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>Arconic Rolled Products Corp
<DATE-CHANGED>20191011
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>a53393351defa14a.htm
<DESCRIPTION>ARCONIC CORPORATION DEFA14A
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Business Wire
         Document created using Broadridge PROfile 23.3.1.5138
         Copyright 1995 - 2023 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div><br>
  </div>
  <div>
    <div>
      <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">UNITED STATES</div>
      <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; font-weight: bold;">Washington, D. C. 20549</div>
      <div style="text-align: center;"><font style="text-indent: 0px; font-size: 5.01pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">FORM 8-K</div>
      <div style="text-align: center;">&#160;</div>
      <div style="text-align: center; font-weight: bold;">CURRENT REPORT</div>
      <div style="text-align: center; font-weight: bold;">Pursuant to Section 13 or 15(d) of the</div>
      <div style="text-align: center; font-weight: bold;">Securities Exchange Act of 1934</div>
      <div style="text-align: center;">&#160;</div>
      <div style="text-align: center;"><font style="font-weight: bold;">Date of Report (Date of earliest event reported):</font> May 4, 2023 (May 4, 2023)</div>
      <div><br>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;"><font style="-sec-ix-hidden:Fact_550d26f39f184b69a38264cba4df7e67">ARCONIC CORPORATION</font><br>
      </div>
      <div style="text-align: center;">(Exact name of registrant as specified in its charter)</div>
      <div style="text-align: center;"><font style="text-indent: 0px; font-size: 5.01pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><br>
      </div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 32.01%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;"><font style="text-decoration: underline;">Delaware</font><br>
              </div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="font-weight: bold;">&#160;</div>
            </td>
            <td style="width: 32.01%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;"><font style="text-decoration: underline;">001-39162</font><br>
              </div>
            </td>
            <td style="width: 1.99%; vertical-align: bottom;">
              <div style="font-weight: bold;">&#160;</div>
            </td>
            <td style="width: 32%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;"><font style="text-decoration: underline;">84-2745636</font><br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 32.01%; vertical-align: top;">
              <div style="text-align: center;">(State or other Jurisdiction</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 32.01%; vertical-align: top;">
              <div style="text-align: center;">(Commission File Number)</div>
            </td>
            <td style="width: 1.99%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 32%; vertical-align: top;">
              <div style="text-align: center;">(IRS Employer</div>
            </td>
          </tr>
          <tr>
            <td style="width: 32.01%; vertical-align: top;">
              <div style="text-align: center;">of Incorporation)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 32.01%; vertical-align: top;">
              <div style="text-align: center;">&#160;</div>
            </td>
            <td style="width: 1.99%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 32%; vertical-align: top;">
              <div style="text-align: center;">Identification No.)</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 66.77%; vertical-align: top;">
              <div>&#160;</div>
              <div style="text-align: center; font-weight: bold;">201 Isabella Street, Suite 400<br>
                <font style="text-decoration: underline;">Pittsburgh, Pennsylvania</font></div>
            </td>
            <td style="width: 0.98%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 18.93%; vertical-align: top;">
              <div>&#160;</div>
              <div style="text-align: center; font-weight: bold;"><br>
                <font style="text-decoration: underline;">15212-5872</font></div>
            </td>
            <td style="width: 13.32%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 66.77%; vertical-align: top;">
              <div style="text-align: center;">(Address of Principal Executive Offices)</div>
            </td>
            <td style="width: 0.98%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 18.93%; vertical-align: top;">
              <div style="text-align: center;">(Zip Code)</div>
            </td>
            <td style="width: 13.32%; vertical-align: top;">&#160;</td>
          </tr>

      </table>
      <div>
        <div><br>
        </div>
        <div>&#160;</div>
        <div style="text-align: center; font-weight: bold;"><font style="text-decoration: underline;">412-992-2500</font></div>
      </div>
      <div>
        <div style="text-align: center;">(Registrant&#8217;s telephone number, including area code)</div>
      </div>
      <div>
        <div><br>
        </div>
        <div>
          <div>&#160; </div>
          <hr style="height: 1pt; width: 30%; color: #000000; background-color: #000000; text-align: center; border: none; margin-left: auto; margin-right: auto;"></div>
        <div style="text-align: center;">(Former Name or Former Address, if Changed Since Last Report)</div>
      </div>
      <div style="text-align: center;"><font style="text-indent: 0px; font-size: 5.01pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><br>
      </div>
      <div>
        <div><br>
        </div>
        <div> Check the appropriate box below if the Form&#160;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </div>
      </div>
      <div>&#160;</div>
      <div style="text-indent: -22pt; margin-left: 22pt;">&#9744;&#160;&#160;&#160;&#160;&#160; Written communications pursuant to Rule&#160;425 under the Securities Act (17 CFR 230.425)</div>
      <div style="text-indent: -22pt; margin-left: 22pt;">&#9746;&#160;&#160;&#160;&#160;&#160; Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
      <div style="text-indent: -30pt; margin-left: 30pt;">&#9744;&#160;&#160;&#160;&#160;&#160; Pre-commencement communications pursuant to Rule&#160;14d-2(b)&#160;under the Exchange Act (17 CFR 240.14d-2(b))</div>
      <div style="text-indent: -30pt; margin-left: 30pt;">&#9744;&#160;&#160;&#160;&#160;&#160; Pre-commencement communications pursuant to Rule&#160;13e-4(c)&#160;under the Exchange Act (17 CFR 240.13e-4(c))</div>
      <div><br>
      </div>
      <div style="margin-right: 16.75pt;">Securities registered pursuant to Section 12(b) of the Act:</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse; width: 95%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; margin-left: auto; margin-right: auto;">

          <tr>
            <td style="width: 42.25%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: normal;">Title of each class</div>
            </td>
            <td style="width: 18.5%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: normal;">Trading Symbol(s)</div>
            </td>
            <td style="width: 40%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: normal;">Name of each exchange on which registered</div>
            </td>
          </tr>
          <tr>
            <td style="width: 42.25%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">Common Stock, par value $0.01 per share<br>
              </div>
            </td>
            <td style="width: 18.5%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">ARNC<br>
              </div>
            </td>
            <td style="width: 40%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">New York Stock Exchange<br>
              </div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="margin-right: 16.55pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR
        240.12b-2).<br>
      </div>
      <div>&#160;</div>
      <div style="margin-left: 288pt; text-align: right;">Emerging growth company&#160; &#9744;</div>
      <div>&#160;</div>
      <div style="margin-right: 16.75pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
        to Section 13(a) of the Exchange Act. &#9744;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 8%; vertical-align: middle;">
                <div><font style="font-weight: bold;">Item 8.01.</font>&#160;</div>
              </td>
              <td style="width: 92%; vertical-align: middle;">
                <div style="font-weight: bold;">Other Events.</div>
              </td>
            </tr>

        </table>
        <div>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
        <div style="text-indent: 36pt;">On May 4, 2023, Arconic Corporation (the &#8220;<font style="text-decoration: underline;">Company</font>&#8221;) issued a press release announcing the execution of an Agreement and Plan of Merger, dated as of May 4, 2023, by and
          among the Company, Arsenal AIC Parent LLC, a Delaware limited liability company (&#8220;<font style="text-decoration: underline;">Parent</font>&#8221;), and Arsenal AIC MergeCo Inc., a Delaware corporation and a wholly owned subsidiary of Parent (&#8220;<font style="text-decoration: underline;">Merger Sub</font>&#8221;), pursuant to which, upon the terms and subject to the conditions set forth therein, Merger Sub will merge with and into the Company, with the Company surviving as a wholly owned subsidiary
          of Parent.&#160; Parent and Merger Sub are affiliates of funds managed by affiliates of Apollo Global Management, Inc., and the transaction includes a minority investment from Irenic Capital Management LP.&#160; A copy of the press release is attached as
          Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.</div>
        <div style="font-weight: bold;">&#160;</div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 8%; vertical-align: middle;">
                <div style="font-weight: bold;">Item 9.01.</div>
              </td>
              <td style="width: 92%; vertical-align: middle;">
                <div style="font-weight: bold;">Financial Statements and Exhibits.</div>
              </td>
            </tr>

        </table>
        <div>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
        <div style="text-indent: 36pt; font-style: italic;">(d) Exhibits</div>
        <div>&#160;</div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 10%; vertical-align: middle;">
                <div><font style="font-weight: bold;"><font style="text-decoration: underline;">Exhibit No.</font>&#160;</font></div>
              </td>
              <td style="width: 90%; vertical-align: bottom;">
                <div style="font-weight: bold;"><font style="text-decoration: underline;">Exhibit</font></div>
              </td>
            </tr>
            <tr>
              <td style="width: 10%; vertical-align: middle;">
                <div>&#160;</div>
              </td>
              <td style="width: 90%; vertical-align: middle;">
                <div>&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="width: 10%; vertical-align: middle;">
                <div><a href="a53393351ex99_1.htm">99.1</a></div>
              </td>
              <td style="width: 90%; vertical-align: top;">
                <div><a href="a53393351ex99_1.htm">Press Release, dated as of May 4, 2023</a></div>
              </td>
            </tr>
            <tr>
              <td style="width: 10%; vertical-align: middle;">
                <div>&#160;</div>
              </td>
              <td style="width: 90%; vertical-align: middle;">
                <div>&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="width: 10%; vertical-align: middle;">
                <div>104&#160;</div>
              </td>
              <td style="width: 90%; vertical-align: middle;">
                <div>Cover Page Interactive Data File (embedded within the Inline XBRL document)</div>
              </td>
            </tr>

        </table>
        <div>&#160;</div>
        <div style="font-weight: bold;"><font style="text-decoration: underline;">Additional Information About the Proposed Transaction and Where to Find It</font></div>
        <div>
          <div><br>
          </div>
          <div>This Current Report on Form 8-K relates to the proposed transaction involving the Company. In connection with the proposed transaction, the Company will file relevant materials with the U.S. Securities and Exchange Commission (the &#8220;<font style="text-decoration: underline;">SEC</font>&#8221;), including the Company&#8217;s proxy statement on Schedule 14A (the &#8220;<font style="text-decoration: underline;">Proxy Statement</font>&#8221;). This Current Report on Form 8-K is not a substitute for the
            Proxy Statement or for any other document that the Company may file with the SEC and send to its stockholders in connection with the proposed transaction. The proposed transaction will be submitted to the Company&#8217;s stockholders for their
            consideration. BEFORE MAKING ANY VOTING DECISION, THE COMPANY&#8217;S STOCKHOLDERS ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC, INCLUDING THE PROXY STATEMENT, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS,
            WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.</div>
          <div><br>
          </div>
          <div>The Company&#8217;s stockholders will be able to obtain a free copy of the Proxy Statement, as well as other filings containing information about the Company, without charge, at the SEC&#8217;s website (www.sec.gov). Copies of the Proxy Statement and
            the filings with the SEC that will be incorporated by reference therein can also be obtained, without charge, by directing a request to Arconic Corporation, 201 Isabella Street, Suite 400, Pittsburgh, Pennsylvania, 15212-5872, Attention:
            Investor Relations; telephone (412) 315-2984, or from the Company&#8217;s website at www.arconic.com/sec-filings.</div>
        </div>
        <div>&#160;</div>
        <div style="font-weight: bold;"><font style="text-decoration: underline;">Participants in the Solicitation of Proxies</font></div>
        <div>
          <div><br>
          </div>
          <div>The Company and certain of its directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding the Company&#8217;s directors and executive
            officers is available in the Company&#8217;s definitive proxy statement for its 2023 annual meeting of stockholders, which was filed with the SEC on April 5, 2023, the Company&#8217;s Annual Report on Form 10-K for the year ended December 31, 2022, which
            was filed with the SEC on February 21, 2023, and in other documents filed by the Company with the SEC. These documents can be obtained free of charge from the sources indicated above.&#160; Other information regarding the participants in the proxy
            solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Proxy Statement and other relevant materials to be filed with the SEC in connection with the proposed transaction
            when they become available. Free copies of the Proxy Statement and such other materials may be obtained as described in the preceding paragraph. Investors should read the Proxy Statement carefully when it becomes available before making any
            voting or investment decisions.</div>
          <div><br>
          </div>
          <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
            <div style="page-break-after: always;" class="BRPFPageBreak">
              <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
          </div>
        </div>
        <div>&#160;</div>
        <div style="font-weight: bold;"><font style="text-decoration: underline;">Forward-Looking Statements and Information</font></div>
        <div><br>
        </div>
        <div>This Current Report on Form 8-K contains statements that relate to future events and expectations and, as such, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking
          statements include those containing such words as &#8220;anticipates,&#8221; &#8220;believes,&#8221; &#8220;could,&#8221; &#8220;estimates,&#8221; &#8220;expects,&#8221; &#8220;forecasts,&#8221; &#8220;goal,&#8221; &#8220;guidance,&#8221; &#8220;intends,&#8221; &#8220;may,&#8221; &#8220;outlook,&#8221; &#8220;plans,&#8221; &#8220;projects,&#8221; &#8220;seeks,&#8221; &#8220;sees,&#8221; &#8220;should,&#8221; &#8220;targets,&#8221; &#8220;will,&#8221; &#8220;would&#8221;
          or other words of similar meaning. All statements that reflect the Company&#8217;s expectations, assumptions, projections, beliefs or opinions about the future, other than statements of historical fact, are forward-looking statements, including,
          without limitation, statements, relating to the condition of, or trends or developments in, the ground transportation, aerospace, building and construction, industrial, packaging and other end markets; the Company&#8217;s future financial results,
          operating performance, working capital, cash flows, liquidity and financial position; cost savings and restructuring programs; the Company&#8217;s strategies, outlook, business and financial prospects; share repurchases; costs associated with pension
          and other post-retirement benefit plans; projected sources of cash flow; potential legal liability; the impact of inflationary price pressures; and the potential impact of public health epidemics or pandemics, including the COVID-19 pandemic.
          These statements reflect beliefs and assumptions that are based on the Company&#8217;s perception of historical trends, current conditions and expected future developments, as well as other factors the Company believes are appropriate in the
          circumstances. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks, uncertainties and changes in
          circumstances, many of which are beyond the Company&#8217;s control. Such risks and uncertainties include, but are not limited to: (i) continuing uncertainty regarding the impact of the COVID-19 pandemic on our business and the businesses of our
          customers and suppliers; (ii) deterioration in global economic and financial market conditions generally; (iii) unfavorable changes in the end markets we serve; (iv) the inability to achieve the level of revenue growth, cash generation, cost
          savings, benefits of our management of legacy liabilities, improvement in profitability and margins, fiscal discipline, or strengthening of competitiveness and operations anticipated or targeted; (v) adverse changes in discount rates or
          investment returns on pension assets; (vi) competition from new product offerings, disruptive technologies, industry consolidation or other developments; (vii) the loss of significant customers or adverse changes in customers&#8217; business or
          financial condition; (viii) manufacturing difficulties or other issues that impact product performance, quality or safety, or timely delivery; (ix) the impact of pricing volatility in raw materials and inflationary pressures on our costs of
          production, including energy; (x) a significant downturn in the business or financial condition of a key supplier or other supply chain disruptions; (xi) challenges to or infringements on our intellectual property rights; (xii) the inability to
          successfully implement or to realize the expected benefits of strategic initiatives or projects; (xiii) the inability to identify or successfully respond to changing trends in our end markets; (xiv) the impact of potential cyber attacks and
          information technology or data security breaches; (xv) geopolitical, economic, and regulatory risks relating to our global operations, including compliance with U.S. and foreign trade and tax laws and other regulations, potential expropriation of
          properties located outside the U.S., sanctions, tariffs, embargoes, and renegotiation or nullification of existing agreements; (xvi) the outcome of contingencies, including legal proceedings, government or regulatory investigations, and
          environmental remediation and compliance matters; (xvii) the impact of the ongoing conflict between Russia and Ukraine on economic conditions in general and on our business and operations, including sanctions, tariffs, and increased energy
          prices; (xviii) the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the proposed transaction that could reduce anticipated benefits or cause the parties to abandon the proposed transaction; (xix)
          the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement entered into pursuant to the proposed transaction; (xx) the possibility that the Company&#8217;s stockholders may not approve the
          proposed transaction; (xxi) the risk that the parties to the merger agreement may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all; (xxii) risks related to disruption of management time from ongoing
          business operations due to the proposed transaction; (xxiii) the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of the Company&#8217;s common stock; (xxiv) the risk of any unexpected
          costs or expenses resulting from the proposed transaction; (xxv) the risk of any litigation relating to the proposed transaction; (xxvi) the risk that the proposed transaction and its announcement could have an adverse effect on the ability of
          the Company to retain customers and retain and hire key personnel and maintain relationships with customers, suppliers, employees, stockholders and other business relationships and on its operating results and business generally; and (xxvii) the
          other risk factors summarized in the Company&#8217;s Annual Report on Form 10-K for the year ended December 31, 2022 and other documents filed by the Company with the SEC.&#160; The above list of factors is not exhaustive or necessarily in order of
          importance. Market projections are subject to the risks discussed above and in this report, and other risks in the market.&#160; The statements in this Current Report on Form 8-K are made as of the date set forth above, even if subsequently made
          available by the Company on its website or otherwise. The Company disclaims any intention or obligation to update any forward-looking statements, whether in response to new information, future events, or otherwise, except as required by
          applicable law.</div>
        <div><br>
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
          <div style="page-break-after: always;" class="BRPFPageBreak">
            <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div><br>
        </div>
        <div style="text-align: center; font-weight: bold;">SIGNATURE</div>
        <div style="text-align: center;">&#160;</div>
        <div style="text-indent: 27.5pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</div>
        <div>&#160;</div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 29.97%; vertical-align: top;">
                <div>&#160;</div>
              </td>
              <td style="vertical-align: top;" colspan="2">
                <div style="font-weight: bold;">ARCONIC CORPORATION</div>
              </td>
            </tr>
            <tr>
              <td style="width: 29.97%; vertical-align: top;">
                <div>&#160;</div>
              </td>
              <td style="width: 5.96%; vertical-align: top;">
                <div style="font-weight: bold;">&#160;</div>
              </td>
              <td style="vertical-align: top;">
                <div>&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="width: 29.97%; vertical-align: top;">
                <div>&#160;</div>
              </td>
              <td style="width: 5.96%; vertical-align: top;">
                <div style="font-weight: bold;">&#160;</div>
              </td>
              <td style="vertical-align: top;">
                <div>&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="width: 29.97%; vertical-align: top;">
                <div>Dated:&#160;&#160;May 4, 2023</div>
              </td>
              <td style="width: 5.96%; vertical-align: bottom;">
                <div>By:</div>
              </td>
              <td style="width: 63.9%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div>/s/ Daniel G. Fayock</div>
              </td>
            </tr>
            <tr>
              <td style="width: 29.97%; vertical-align: top;">
                <div>&#160;</div>
              </td>
              <td style="width: 5.96%; vertical-align: bottom;">
                <div>Name:</div>
              </td>
              <td style="width: 63.9%; vertical-align: bottom;">
                <div>Daniel G. Fayock</div>
              </td>
            </tr>
            <tr>
              <td style="width: 29.97%; vertical-align: top;">
                <div>&#160;</div>
              </td>
              <td style="width: 5.96%; vertical-align: bottom;">
                <div>Title:</div>
              </td>
              <td style="width: 63.9%; vertical-align: bottom;">
                <div>Executive Vice President and Chief Legal Officer</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
    </div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a53393351ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Business Wire
         Document created using Broadridge PROfile 23.3.1.5138
         Copyright 1995 - 2023 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <table cellspacing="0" cellpadding="0" border="0" id="z671c32048b184d1a92c773f77edbee93" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

        <tr>
          <td style="width: 100%; text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
          </td>
        </tr>

    </table>
    <div>
      <div class="bw-release">
        <div class="bw-release">
          <h1 style="text-align: center; list-style-position: inside;FONT-SIZE: 14pt;"> <font style="font-size: 10pt;"><b>Arconic to Be Acquired by Apollo Funds</b></font> </h1>
          <div class="bw-release-body">
            <div class="bw-release-table-js bw-release-story">
              <p>PITTSBURGH--(BUSINESS WIRE)--May 4, 2023--Arconic Corporation (NYSE: ARNC) (&#8220;Arconic&#8221; or the &#8220;Company&#8221;) announced today that it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global
                Management, Inc. (NYSE: APO) (&#8220;Apollo&#8221;), in an all-cash transaction that values the Company at an enterprise value of approximately $5.2 billion. The transaction includes a minority investment from funds managed by affiliates of Irenic
                Capital Management (&#8220;Irenic&#8221;). </p>
              <p> The agreement provides that Arconic shareholders will receive $30.00 per share in cash, which represents a premium of approximately 36% to the Company's undisturbed closing stock price on February 27, 2023. Upon completion of the
                transaction, Arconic's shares will no longer trade on the New York Stock Exchange, and Arconic will become a private company. </p>
              <p> &#8220;This transaction represents a realization of value for Arconic shareholders at a meaningful premium and enables the Company to execute its long-term strategic vision. We are pleased to reach this agreement with Apollo,&#8221; said Fritz
                Henderson, Chairman of the Arconic Board of Directors. &#8220;The Board decided to approve this transaction after thorough and thoughtful review of a range of value creation opportunities for shareholders.&#8221; </p>
              <p> Tim Myers, Chief Executive Officer, said, &#8220;In the more than three years since we became a standalone company, we have shown the capabilities and potential of Arconic&#8217;s employees and assets. Our unique product portfolio in an industry with
                significant potential for growth across the markets we serve positions us to deliver substantial value to our customers and the end users of our products. This transaction will provide Arconic with the backing of one of the world&#8217;s premier
                investment firms and will allow us to leverage Apollo&#8217;s industry expertise and relationships to pursue our long-term strategic goals. I look forward to working with their team to create opportunities for our employees and provide value to
                our customers.&#8221; </p>
              <p> &#8220;Arconic&#8217;s talented management team and employees operate a set of premier global assets serving markets that are growing. We are committed to investing significant capital in the Company to secure its competitive position and world-class
                product offering to continue building on Arconic&#8217;s journey,&#8221; said Gareth Turner, Partner at Apollo Global Management. </p>
              <div> </div>
              <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
                <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
                  <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
              </div>
              <p> Strategic investments are expected to include: </p>
              <p> 1. Upgrades to key machine centers to maximize the full potential of the Company&#8217;s unique production capabilities </p>
              <p> 2. Technology upgrades to bring the Company&#8217;s plants and process controls to state-of-the-art standards </p>
              <p> 3. Investments in projects that will provide for a cleaner environment in the communities in which the Company operates </p>
              <p> Mr. Turner also commented, &#8220;As aluminum continues to win share in markets seeking sustainable, high-performing material across a wide variety of applications, we believe there is a strong runway for growth in markets throughout the world.
                We are looking forward to supporting Arconic&#8217;s experienced team with our resources and knowledge in the sector to help the Company achieve its long-term goals.&#8221; </p>
              <p> Itai Wallach, Partner at Apollo, commented, &#8220;We have tremendous respect for Arconic and its people and are fully committed to continuing Arconic&#8217;s unwavering support for its employees throughout the world through a strong culture of
                employee engagement, respecting and protecting the collective bargaining process and by focusing on strengthening the security of the Company&#8217;s pension plans, such that the Company&#8217;s commitments remain secure. We look forward to partnering
                with the Company in its next phase of growth.&#8221; </p>
              <p> <b>Approvals and Timing</b> </p>
              <p> The transaction is expected to close in the second half of 2023, subject to customary closing conditions, including approval by Arconic shareholders and receipt of regulatory approvals. </p>
              <p> <b>Arconic First Quarter 2023 Results</b> </p>
              <p> In a separate press release issued today, Arconic announced its financial results for the first quarter ended March 31, 2023. A copy of that press release is accessible by visiting the Investor Relations section of the Company&#8217;s website.
                In light of the announced transaction, Arconic has cancelled the earnings conference call previously scheduled for today. </p>
              <p> <b>Advisors</b> </p>
              <p> Evercore Group L.L.C. and Goldman Sachs &amp; Co. LLC are serving as financial advisors to Arconic, and Wachtell, Lipton, Rosen &amp; Katz is serving as legal counsel to Arconic. </p>
              <p> Paul, Weiss, Rifkind, Wharton &amp; Garrison LLP is serving as legal counsel to the Apollo Funds. </p>
              <p> Willkie Farr &amp; Gallagher LLP and Lowenstein Sandler LLP are serving as legal counsel to Irenic. </p>
              <p> J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are acting as co-lead financial advisors to Apollo. BMO Capital Markets, Mizuho Securities USA LLC and TD Securities are also serving as financial advisors to Apollo. </p>
              <p> <br>
              </p>
              <p style="text-align: center;">2<br>
              </p>
              <div> </div>
              <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
                <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
                  <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
              </div>
              <p> <b>Additional Information About the Proposed Transaction and Where to Find It</b> </p>
              <p> This release relates to the proposed transaction involving Arconic Corporation (the &#8220;<u>Company</u>&#8221;). In connection with the proposed transaction, the Company will file relevant materials with the U.S. Securities
                and Exchange Commission (the &#8220;<u>SEC</u>&#8221;), including the Company&#8217;s proxy statement on Schedule 14A (the &#8220;<u>Proxy Statement</u>&#8221;). This release is not a substitute for the Proxy Statement or for
                any other document that the Company may file with the SEC and send to its stockholders in connection with the proposed transaction. The proposed transaction will be submitted to the Company&#8217;s stockholders for their consideration. BEFORE
                MAKING ANY VOTING DECISION, THE COMPANY&#8217;S STOCKHOLDERS ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC, INCLUDING THE PROXY STATEMENT, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, WHEN THEY BECOME
                AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. </p>
              <p> The Company&#8217;s stockholders will be able to obtain a free copy of the Proxy Statement, as well as other filings containing information about the Company, without charge, at the SEC&#8217;s website (www.sec.gov). Copies of the Proxy Statement and
                the filings with the SEC that will be incorporated by reference therein can also be obtained, without charge, by directing a request to Arconic Corporation, 201 Isabella Street, Suite 400, Pittsburgh, Pennsylvania, 15212-5872, Attention:
                Investor Relations; telephone (412) 315-2984, or from the Company&#8217;s website at www.arconic.com/sec-filings. </p>
              <p> <b>Participants in the Solicitation of Proxies</b> </p>
              <p> The Company and certain of its directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding the Company&#8217;s directors and executive
                officers is available in the Company&#8217;s definitive proxy statement for its 2023 annual meeting of stockholders, which was filed with the SEC on April 5, 2023, the Company&#8217;s Annual Report on Form 10-K for the year ended December 31, 2022,
                which was filed with the SEC on February 21, 2023, and in other documents filed by the Company with the SEC. These documents can be obtained free of charge from the sources indicated above. Other information regarding the participants in
                the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Proxy Statement and other relevant materials to be filed with the SEC in connection with the
                proposed transaction when they become available. Free copies of the Proxy Statement and such other materials may be obtained as described in the preceding paragraph. Investors should read the Proxy Statement carefully when it becomes
                available before making any voting or investment decisions. </p>
              <p> <b>Forward-Looking Statements and Information</b> </p>
              <p> This release contains statements that relate to future events and expectations and, as such, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements
                include those containing such words as &#8220;anticipates,&#8221; &#8220;believes,&#8221; &#8220;could,&#8221; &#8220;estimates,&#8221; &#8220;expects,&#8221; &#8220;forecasts,&#8221; &#8220;goal,&#8221; &#8220;guidance,&#8221; &#8220;intends,&#8221; &#8220;may,&#8221; &#8220;outlook,&#8221; &#8220;plans,&#8221; &#8220;projects,&#8221; &#8220;seeks,&#8221; &#8220;sees,&#8221; &#8220;should,&#8221; &#8220;targets,&#8221; &#8220;will,&#8221; &#8220;would,&#8221; or
                other words of similar meaning. All statements that reflect the Company&#8217;s expectations, assumptions, projections, beliefs or opinions about the future, other than statements of historical fact, are forward-looking statements, including,
                without limitation, statements, relating to the condition of, or trends or developments in, the ground transportation, aerospace, building and construction, industrial, packaging and other end markets; the Company&#8217;s future financial
                results, operating performance, working capital, cash flows, liquidity and financial position; cost savings and restructuring programs; the Company&#8217;s strategies, outlook, business and financial prospects; share repurchases; costs associated
                with pension and other post-retirement benefit plans; projected sources of cash flow; potential legal liability; the impact of inflationary price pressures; and the potential impact of public health epidemics or pandemics, including the
                COVID-19 pandemic. These statements reflect beliefs and assumptions that are based on the Company&#8217;s perception of historical trends, current conditions and expected future developments, as well as other factors the Company believes are
                appropriate in the circumstances. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks,
                uncertainties and changes in circumstances, many of which are beyond the Company&#8217;s control. Such risks and uncertainties include, but are not limited to: (i) continuing uncertainty regarding the impact of the COVID-19 pandemic on our
                business and the businesses of our customers and suppliers; (ii) deterioration in global economic and financial market conditions generally; (iii) unfavorable changes in the end markets we serve; (iv) the inability to achieve the level of
                revenue growth, cash generation, cost savings, benefits of our management of legacy liabilities, improvement in profitability and margins, fiscal discipline, or strengthening of competitiveness and operations anticipated or targeted; (v)
                adverse changes in discount rates or investment returns on pension assets; (vi) competition from new product offerings, disruptive technologies, industry consolidation or other developments; (vii) the loss of significant customers or
                adverse changes in customers&#8217; business or financial condition; (viii) manufacturing difficulties or other issues that impact product performance, quality or safety or timely delivery; (ix) the impact of pricing volatility in raw materials
                and inflationary pressures on our costs of production, including energy; (x) a significant downturn in the business or financial condition of a key supplier or other supply chain disruptions; (xi) challenges to or infringements on our
                intellectual property rights; (xii) the inability to successfully implement or to realize the expected benefits of strategic initiatives or projects; (xiii) the inability to identify or successfully respond to changing trends in our end
                markets; (xiv) the impact of potential cyber attacks and information technology or data security breaches; (xv) geopolitical, economic, and regulatory risks relating to our global operations, including compliance with U.S. and foreign trade
                and tax laws and other regulations, potential expropriation of properties located outside the U.S., sanctions, tariffs, embargoes, and renegotiation or nullification of existing agreements; (xvi) the outcome of contingencies, including
                legal proceedings, government or regulatory investigations, and environmental remediation and compliance matters; (xvii) the impact of the ongoing conflict between Russia and Ukraine on economic conditions in general and on our business and
                operations, including sanctions, tariffs, and increased energy prices; (xviii) the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the proposed transaction that could reduce anticipated
                benefits or cause the parties to abandon the proposed transaction; (xix) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement entered into pursuant to the proposed
                transaction; (xx) the possibility that the Company&#8217;s stockholders may not approve the proposed transaction; (xxi) the risk that the parties to the merger agreement may not be able to satisfy the conditions to the proposed transaction in a
                timely manner or at all; (xxii) risks related to disruption of management time from ongoing business operations due to the proposed transaction; (xxiii) the risk that any announcements relating to the proposed transaction could have adverse
                effects on the market price of the Company&#8217;s common stock; (xxiv) the risk of any unexpected costs or expenses resulting from the proposed transaction; (xxv) the risk of any litigation relating to the proposed transaction; (xxvi) the risk
                that the proposed transaction and its announcement could have an adverse effect on the ability of the Company to retain customers and retain and hire key personnel and maintain relationships with customers, suppliers, employees,
                stockholders and other business relationships and on its operating results and business generally; and (xxvii) the other risk factors summarized in the Company&#8217;s Annual Report on Form 10-K for the year ended December 31, 2022 and other
                documents filed by the Company with the SEC. The above list of factors is not exhaustive or necessarily in order of importance. Market projections are subject to the risks discussed above and in this release, and other risks in the market.
                The statements in this release are made as of the date set forth above, even if subsequently made available by the Company on its website or otherwise. The Company disclaims any intention or obligation to update any forward-looking
                statements, whether in response to new information, future events, or otherwise, except as required by applicable law. </p>
              <p> <b>About Arconic Corporation</b> </p>
              <p> Arconic Corporation (NYSE: ARNC), headquartered in Pittsburgh, Pennsylvania, is a leading provider of aluminum sheet, plate, and extrusions, as well as innovative architectural products, that advance the ground transportation, aerospace,
                building and construction, industrial and packaging end markets. For more information: www.arconic.com. </p>
              <p> <b>About Apollo</b> </p>
              <p> Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus
                on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative
                capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to
                institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31,
                2022, Apollo had approximately $548 billion of assets under management. To learn more, please visit www.apollo.com. </p>
              <p> <b>About Irenic</b> </p>
              <p> Irenic Capital Management was formed in 2021. The firm invests across the capital structure in unique special situation opportunities. To learn more, please visit www.irenicmgmt.com. </p>
              <p> <b>Dissemination of Company Information</b> </p>
              <p> Arconic intends to make future announcements regarding Company developments and financial performance through its website at www.arconic.com. </p>
            </div>
            <div class="bw-release-contact">
              <h2 style="FONT-SIZE: 14pt;">Contacts</h2>
              <p> <b>Investor Contact <br>
                </b>Shane Rourke <br>
                (412) 315-2984 <br>
                Investor.Relations@arconic.com </p>
              <p> <b>Media Contact <br>
                </b>Tracie Gliozzi <br>
                (412) 992-2525 <br>
                Tracie.Gliozzi@arconic.com </p>
              <p> <br>
              </p>
              <p style="text-align: center;">3<br>
              </p>
            </div>
          </div>
        </div>
      </div>
    </div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
</SUBMISSION>
