Ares Acquisition Corp III filed an initial ownership report showing that its sponsor group holds significant equity-linked interests. The sponsor directly holds private placement warrants linked to 6,800,000 Class A ordinary shares, exercisable at $11.50 per share after the company completes its initial business combination and expiring five years later.
The sponsor also holds 9,918,750 Class B ordinary shares, which automatically convert into Class A ordinary shares on a one-for-one basis upon completion of the initial business combination, or earlier at the holder’s option. Up to 1,293,750 of these Class B shares are subject to forfeiture if the underwriters do not fully exercise their over-allotment option.
Ares Acquisition Corp III filed an initial Form 3 for director Michael A. Woronoff. This filing serves as his first required statement of beneficial ownership as a board member. The data provided shows no reported transactions or derivative positions at this time.
Ares Acquisition Corp III director Kathryn V. Marinello filed an initial Form 3, which is the required statement of beneficial ownership for new insiders. The available data show no reportable transactions or derivative positions, indicating this filing is primarily administrative and establishes her reporting status as a director.
Ares Acquisition Corp III filed an initial insider ownership report for Ogilvie Peter on Form 3. He is identified as an officer, with the title noted as “See remarks,” and the filing shows no reported share transactions or derivative positions, with transaction activity summarized as neutral.
Ares Acquisition Corp III filed an initial insider ownership report for Jarrod Phillips, who serves as Chief Financial Officer. This Form 3 does not list any stock transactions or holdings, and the transaction summary shows no shares bought, sold, acquired, or disposed of at this time.
Ares Acquisition Corp III director Michael J. Arougheti filed an initial Form 3 as a reporting person of the company. The filing does not list any reportable common stock or derivative holdings, and it reports no insider transactions or option exercises at this time.
Ares Acquisition Corp III director and Chief Executive Officer David B. Kaplan has filed an initial Form 3, which is the SEC’s baseline disclosure of an insider’s beneficial ownership in the company. This filing reports no buy, sell, or other share transactions and no derivative positions.
Ares Acquisition Corp III filed an initial ownership report for Chief Operating Officer Allyson Satin on Form 3. This filing establishes her status as a reporting officer of the company but does not list any specific share transactions or derivative positions.
Ares Acquisition Corporation III is registering 30,000,000 units for a $300,000,000 initial public offering. Each $10.00 unit includes one Class A ordinary share and one-tenth of a warrant, with each whole warrant exercisable at $11.50 per share.
The company is a Cayman Islands blank check firm formed to complete a business combination within 24 months, with a possible Extended Period to 30 months if a letter of intent is signed. It will place $300,000,000 (or $345,000,000 with full over-allotment) into a U.S. Treasury–backed trust, giving public shareholders redemption rights in connection with a deal, extensions, or liquidation.
The sponsor owns 8,625,000 Class B founder shares (targeting 20% of post-IPO shares) and will purchase 6,200,000 private placement warrants at $1.50 each, creating immediate dilution for public investors. The sponsor may lend up to $400,000 pre-IPO and up to $2,000,000 in working capital loans, which can convert into additional warrants, and will receive $16,667 per month for administrative services.