Ares Acquisition Corporation III (NYSE: AAC.U) announced that, starting August 20, 2026, holders of the 39,500,000 units issued in its July 1, 2026 IPO may separately trade the Class A ordinary shares and warrants contained in those units. Units will continue trading on the NYSE under AAC.U, while separated Class A shares and warrants will trade under AAC and AAC WS, respectively. No fractional warrants will be issued; only whole warrants will trade. To separate units, holders must have their brokers contact Continental Stock Transfer & Trust Company, the transfer agent. According to Ares Acquisition Corporation III, the SPAC completed a $395 million underwritten IPO, with J.P. Morgan and Jefferies as joint book-runners, and is sponsored by a subsidiary of Ares Management (NYSE: ARES).
Ares Acquisition Corporation III (NYSE:AACU), a special purpose acquisition company, closed an upsized initial public offering totaling $395 million in gross proceeds. The IPO included 34,500,000 units at $10.00 each plus 5,000,000 units from a partial over-allotment exercise.
Each unit includes one Class A share and one-tenth of a redeemable warrant exercisable at $11.50 per share. Units began trading on the NYSE as AAC.U on June 30, 2026, with Class A shares and warrants expected to trade as AAC and AAC WS.