Ares Acquisition Corporation III completes $395M IPO and $11.2M private placement

Ares Acquisition Corp III

IPO of 39,500,000 units at $10.00/unit, including 5M over-allotment units, gross proceeds $395M.
Concurrent private placement of 7,466,667 warrants to sponsor at $1.50/warrant, gross $11.2M.
Net proceeds of $395M placed in trust account for benefit of public shareholders.
Audited balance sheet as of July 1, 2026 shows $1.72M cash outside trust and $395M in trust.
Company has 24 months (extendable to 30) to complete a business combination.

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