Ares Acquisition Corp III’s Class A ordinary shares are reported as beneficially owned by Adage Capital Management, L.P., Robert Atchinson and Phillip Gross, each at 3,105,000 shares, or 7.86% of the class. Adage is the investment manager for Adage Capital Partners, L.P., which directly holds the shares; Atchinson and Gross report the same position through their management roles. Each reports shared voting and dispositive power over the shares. The percentage is based on 39,500,000 shares outstanding as of August 10, 2026.
Ares Acquisition Corp III (AAC) reported net income of $2,946,610 for the three months ended September 30, 2026, consisting of $3,588,581 in investment income from its Trust Account less $641,971 in general and administrative expenses. AAC had not commenced operations by September 30 and expects no operating revenue until after an initial business combination; activity since its IPO included identifying a prospective target.
As of September 30, 2026, investments held in the Trust Account were $398,588,581; cash outside the account was $1,983,588 and working capital was $1,805,830. AAC had 11,416,667 warrants outstanding, with an $11.50 exercise price for each whole warrant to purchase one Class A ordinary share.
The current Combination Period expires July 1, 2028; entering a letter of intent with a potential target automatically extends it from 24 to 30 months from the IPO closing. If AAC does not complete a business combination within the applicable period, it must redeem 100% of outstanding Public Shares; warrants have no redemption or liquidation distribution rights and may expire worthless.
Ares Acquisition Corp III’s Schedule 13G/A lists 1,555,000 Class A ordinary shares, or 3.9%, as beneficially owned by each of Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander. Each cover page reports shared voting and dispositive power over that same share amount. The shares are held by entities subject to voting control and investment discretion by Millennium Management LLC and/or other investment managers that may be controlled by Millennium Group Management LLC and Israel A. Englander. The reporting persons state that the disclosure is not, by itself, an admission of beneficial ownership.
Ares Acquisition Corp III (AAC), a special purpose acquisition company, disclosed that starting August 20, 2026, holders of its units may elect to separately trade the Class A ordinary shares and warrants included in those units. Each unit consists of one Class A ordinary share, par value $0.0001, and one-tenth of one redeemable warrant to purchase one Class A ordinary share at an exercise price of $11.50.
The 39,500,000 units were sold in an underwritten initial public offering completed on July 1, 2026, following SEC effectiveness on June 29, 2026. Units will continue to trade on the NYSE under the symbol AAC.U, while separated Class A ordinary shares and whole warrants will trade under AAC and AAC WS, respectively. No fractional warrants will be issued, and only whole warrants will trade. The company states it completed a $395 million initial public offering and intends to pursue a business combination, benefiting from its sponsorship by a subsidiary of Ares Management Corporation.
Ares Partners Holdco LLC and Ares Acquisition Holdings III LP, as ten percent owners of Ares Acquisition Corp III, reported an indirect disposition to the issuer of 43,750 Class B ordinary shares tied to founder equity. The disposition reflects forfeiture of these sponsor shares because underwriters only partially exercised their IPO over-allotment option. Following this adjustment, the reporting entities are shown as indirectly holding 9,875,000 Class B ordinary shares, which are automatically convertible into Class A ordinary shares on a one-for-one basis upon completion of the company’s initial business combination or earlier at the holder’s option, subject to adjustment and anti-dilution rights. Footnotes clarify that the securities are directly held by the sponsor entity, with Ares-affiliated entities and individuals disclaiming beneficial ownership beyond their respective pecuniary interests.
Ares Acquisition Corporation III reports that Ares Partners Holdco LLC and Ares Acquisition Holdings III together are beneficial owners of Class A ordinary shares through sponsor interests. The position consists of 9,875,000 Class A shares issuable upon conversion of 9,875,000 Class B shares and 7,466,667 Class A shares issuable upon exercise of 7,466,667 Private Placement Warrants at $11.50 per share, for an aggregate of 17,341,667 issuable Class A shares.
This stake represents 30.5% of the Class A shares, calculated using 39,500,000 Class A shares outstanding as of August 10, 2026 plus the issuable shares. The filing notes additional warrants acquired on July 1, 2026 and a forfeiture of some Class B shares on August 14, 2026 related to the underwriters’ over-allotment option. Several affiliated Ares entities may be deemed to share beneficial ownership, though such ownership is expressly disclaimed by the reporting persons and related individuals.
Ares Acquisition Corporation III is a newly formed special purpose acquisition company that, as of June 30, 2026, had not begun operating activities beyond formation and preparing for its initial public offering. Total assets were $10,928,774, including $6,900,000 in a Trust Account and $3,300,000 in cash, funded primarily by a $10,200,000 advance from the sponsor for the planned private placement. The company reported a net loss of $29,289 since inception, driven by general and administrative expenses.
The SPAC’s IPO was declared effective on June 29, 2026 and subsequently closed on July 1, 2026 with 39,500,000 units sold at $10.00 each, generating gross proceeds of $395,000,000, and a concurrent private placement of 7,466,667 warrants for $11,200,000. After the IPO, $395,000,000 was placed in the Trust Account to fund a future business combination within a Combination Period that currently runs to July 1, 2028. Management believes available cash outside the Trust Account, potential interest withdrawals and possible sponsor Working Capital Loans provide sufficient liquidity through at least one year while a target is identified.
AQR Capital Management, LLC, together with AQR Capital Management Holdings, LLC and AQR Arbitrage, LLC, reports beneficial ownership of 2,000,000 units of Ares Acquisition Corp III. Each unit represents one Class A ordinary share, so the group reports 2,000,000 Class A shares beneficially owned.
This position represents 5.80% of the Class A ordinary shares. The AQR entities report no sole voting or dispositive power, but shared voting and shared dispositive power over all 2,000,000 units. All reporting entities are organized in the United States, and the filing is signed on their behalf by authorized signatory Henry Parkin.
Ares Acquisition Corporation III completed its SPAC initial public offering, selling 39,500,000 units at $10.00 per unit for gross proceeds of $395,000,000. Each unit includes one Class A ordinary share and one-tenth of a redeemable warrant exercisable at $11.50 per share.
The company simultaneously sold 7,466,667 private placement warrants to its sponsor at $1.50 per warrant, raising an additional $11,200,000. In total, $395,000,000 of IPO and private placement proceeds were deposited into a U.S. trust account for the benefit of public shareholders, to fund a future business combination or redemptions.
Ares Acquisition Corporation III reports that Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander together disclose shared voting and dispositive power over 2,105,000 shares of Class A Ordinary Shares. The filing shows this stake represents 5.3% of the class as of 06/30/2026.
The filing is a joint Schedule 13G submission and includes a Joint Filing Agreement dated 07/06/2026. The statement clarifies the shares are held by entities subject to voting control and investment discretion by the filers.