Ares Acquisition Holdings III LP, the sponsor of Ares Acquisition Corp III, acquired 666,667 private placement warrants at $1.50 per warrant. Each warrant is exercisable at $11.50 for one Class A ordinary share, adding 666,667 underlying shares and bringing the sponsor’s total warrants to 7,466,667.
The warrants become exercisable 30 days after completion of the company’s initial business combination and expire five years after that combination. Various Ares-affiliated entities may be deemed to share beneficial ownership of the securities held by the sponsor, but they each disclaim beneficial ownership except for their pecuniary interest.
Ares Acquisition Corporation III completed its initial public offering of 39,500,000 units at $10.00 each, raising 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 also sold 7,466,667 Private Placement Warrants at $1.50 each to its sponsor for $11,200,000. In total, $406,200,000 from the IPO and private placement was placed into a trust account, to be used primarily for a future initial business combination, with tightly defined limits on releasing interest for working capital, taxes, and potential liquidation expenses.
Ares Acquisition Corporation III is conducting an initial public offering of 34,500,000 units for total gross proceeds of $345,000,000. Each unit is priced at $10.00 and consists of one Class A ordinary share and one‑tenth of one redeemable warrant; the underwriters have a 45‑day option to purchase up to 5,175,000 additional units.
The prospectus states $345,000,000 (or $396,750,000 if the Full Over‑Allotment is exercised) will be deposited into a trust account invested in short‑term U.S. government obligations or qualifying money market funds. The sponsor will purchase 6,800,000 private placement warrants at $1.50 per warrant and currently holds 9,918,750 founder (Class B) shares.
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.