Company Website: https://www.ares.com/us/businesses-and-products/our-products/aac-iii
NEW YORK -- (Business Wire)

Ares Acquisition Corporation III (the “Company”), a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses, today announced the closing of its initial public offering of 34,500,000 units at a price of $10.00 per share and the sale of an additional 5,000,000 units at $10.00 per share pursuant to the underwriters’ partial exercise of their over-allotment option. Each unit consists of one Class A ordinary share of the Company and one-tenth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11.50 per share. Total gross proceeds from the offering were $395 million before deducting underwriting discounts and commissions and other offering expenses payable by the Company.

The Company’s sponsor is a subsidiary of Ares Management Corporation (“Ares”) (NYSE: ARES), a leading, global alternative investment manager with approximately $644 billion of assets under management as of March 31, 2026. The Company’s management team is led by David B. Kaplan, as Chief Executive Officer and Co-Chairman of the Board of Directors, and Michael J. Arougheti as Co­-Chairman of the Board of Directors.

The Company’s units began trading on the New York Stock Exchange under the ticker symbol “AAC.U” on June 30, 2026. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the New York Stock Exchange under the symbols “AAC” and “AAC WS,” respectively.

J.P. Morgan and Jefferies acted as joint book-runners and underwriters for this offering. The offering was made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained from: J.P. Morgan Securities LLC, 270 Park Avenue, New York, New York, 10017, Attention: Equity Syndicate Desk, and Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, by telephone at (877) 821-7388, or by email at Prospectus_Department@Jefferies.com.

A registration statement relating to the securities became effective on June 29, 2026 in accordance with Section 8(a) of the Securities Act of 1933, as amended. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Ares Acquisition Corporation III

Ares Acquisition Corporation III (“AAC”) is a special purpose acquisition company sponsored by a subsidiary of Ares, a leading global alternative investment manager. Having completed a $395 million initial public offering in July 2026, the Company seeks to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination and is expected to benefit from its affiliation with Ares through access to corporate relationships, industry sector expertise and value creation capabilities. For more information, please visit: https://www.ares.com/us/businesses-and-products/our-products/aac-iii.

Cautionary Note Concerning Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the anticipated use of the net proceeds. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s offering filed with the Securities and Exchange Commission (“SEC”). Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

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Contacts:

Investor Contact
IRAACIII@ares.com
+1 888-818-5298

Media Contact
media@ares.com

Source: Ares Acquisition Corporation III