Meteora Funds Hold 4,845,228 AACT Shares (7.83%) in Passive 13G

Rhea-AI Filing Summary

Meteora Capital reports a significant passive stake in Ares Acquisition Corp II. The filing discloses beneficial ownership of 4,845,228 Class A shares, representing 7.83% of the Class A common stock. The shares are held through funds and managed accounts for which Meteora Capital serves as investment manager, and Vik Mittal is identified as the managing member of Meteora Capital.

The filing shows shared voting and shared dispositive power over the reported shares and no sole voting or dispositive power. The reporting persons certify the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

Positive

• Reported stake of 4,845,228 Class A shares (7.83% of the class), exceeding the 5% reporting threshold
• Holdings are through managed funds for which Meteora Capital serves as investment manager, indicating institutional ownership

Negative

• No sole voting or dispositive power reported (0 shares), which limits direct unilateral influence over issuer decisions
• Filing certifies shares were not acquired to change or influence control, indicating a passive intent rather than an active governance role

Insights

Financial Analyst

TL;DR: Meteora Capital discloses a material (>5%) passive stake of 7.83% in AACT, held through managed funds.

The Schedule 13G shows an institutional investor reporting a 7.83% position in Ares Acquisition Corp II, held via funds managed by Meteora Capital. For investors, a >5% passive stake signals notable institutional interest without an expressed intent to seek control, per the certification. The holding is recorded with shared voting and dispositive power, suggesting coordinated management of the position across funds rather than individual direct control by a single entity.

Corporate Governance Expert

TL;DR: Reporting indicates a material passive ownership position with shared governance influence but no sole control.

The filing identifies Meteora Capital and its managing member, Vik Mittal, as reporting persons and discloses shared voting/dispositive authority for 4,845,228 Class A shares (7.83%). The explicit certification that the shares were not acquired to influence control classifies this as a passive Schedule 13G disclosure rather than an active 13D activism signal. Governance implications are limited because there is no sole voting power reported and the position is held through managed funds.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Ares Acquisition Corp II

(Name of Issuer)

Class A common stock

(Title of Class of Securities)

G33033104

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G33033104

1

Names of Reporting Persons

Meteora Capital, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,845,228.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,845,228.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,845,228.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.83 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Ares Acquisition Corp II
(b)	Address of issuer's principal executive offices: 245 Park Avenue
Item 2.
(a)	Name of person filing: (i) Meteora Capital, LLC, a Delaware limited liability company ("Meteora Capital") with respect to the Common Stock (as defined in Item 2(d)) held by certain funds and managed accounts to which Meteora Capital serves as investment manager (collectively, the "Meteora Funds"); and (ii) Vik Mittal, who serves as the Managing Member of Meteora Capital, with respect to the Common Stock held by the Meteora Funds. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner of the Common Stock reported herein.
(b)	Address or principal business office or, if none, residence: The address of the principal business office for each of the Reporting Persons is: 1200 N Federal Hwy, #200, Boca Raton FL 33432
(c)	Citizenship: Meteora Capital is a Delaware limited liability company. Vik Mittal is a United States citizen.
(d)	Title of class of securities: Class A common stock
(e)	CUSIP No.: G33033104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 4845228
(b)	Percent of class: 7.83 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 4845228
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 4845228
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Meteora Capital, LLC

Signature:	Vik Mittal
Name/Title:	Managing Member
Date:	08/14/2025

FAQ

What percentage of AACT does Meteora Capital own?

Meteora Capital reports beneficial ownership of 4,845,228 Class A shares, representing 7.83% of the Class A common stock.

Are the shares held directly by Meteora Capital or through funds?

The shares are held through funds and managed accounts for which Meteora Capital serves as investment manager (the "Meteora Funds").

Does Meteora Capital have sole voting or dispositive power over the shares?

No. The filing shows 0 shares with sole voting or dispositive power and 4,845,228 shares with shared voting and shared dispositive power.

Does the filing indicate an intent to influence control of AACT?

The certification in the filing states the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

Who are the reporting persons named in the filing?

The reporting persons are Meteora Capital, LLC (a Delaware investment manager) and Vik Mittal, the Managing Member of Meteora Capital.