secwatch.observer — SEC 8-K summary
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Issuer:     Ares Management Corp (ARES)
CIK:        0001176948
Form:       8-K
Filed at:   2024-07-11T23:59:59+00:00
Accession:  0001104659-24-079260
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Ares Management sells additional 397,500 shares via underwriters' option exercise, raising ~$52.92M net
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- Underwriters exercised option to purchase 397,500 shares of Class A common stock on July 11, 2024.
- Net proceeds from additional shares were ~$52.92M; total offering net proceeds ~$408.21M.
- Sale completed under June 12, 2024 underwriting agreement with lead underwriters including Morgan Stanley, BofA, J.P. Morgan, RBC, Wells Fargo.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1176948/000110465924079260/0001104659-24-079260-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1176948/000110465924079260/tm2419261d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-079260

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