Ares Acquisition Corp III 8K

Ares Acquisition Corporation III completed a $395 million SPAC IPO on July 1, 2026, funding a trust to pursue a future business combination under standard SPAC redemption, warrant, and related-party financing arrangements.

Ares Acquisition Corporation III, a Cayman Islands SPAC formed on March 25, 2026, completed its initial public offering on July 1, 2026, selling 39,500,000 units (including 5,000,000 over-allotment units) at $10.00 per unit for gross proceeds of $395 million, of which $395 million was deposited into a U.S. trust account to fund a future business combination within a 24–30 month combination period ending no later than January 1, 2029. The Form 8-K exhibit includes the audited balance sheet as of July 1, 2026, showing $398.3 million in total assets (primarily the trust account), $14.6 million in liabilities (including $13.825 million of deferred underwriting and advisory fees), and 39.5 million Class A ordinary shares classified as temporary equity subject to redemption at $10.00 per share, along with 9,918,750 founder Class B shares and 11,416,667 warrants (3,950,000 public and 7,466,667 private placement). The filing details related party arrangements, including a $25,000 founder share purchase, a $156,632 sponsor promissory note repaid on July 8, 2026, potential working capital loans convertible into warrants, a monthly $16,667 administrative services fee, and an advisory agreement with an affiliate for $1.58 million paid at closing plus up to $2.765 million deferred, all structured so that payment of deferred fees is contingent on completion of a business combination, with sponsor indemnities and redemption mechanics governing the protection and potential return of trust funds to public shareholders.

Filing Facts

CIK

2128115

Ticker

-

Form

8K

Source Type

sec

Accession

0001104659-26-081855

Alert Tier

6