Ares Acquisition Corporation III (NYSE: AAC) announced that its Class A ordinary shares and warrants will commence separate trading on the New York Stock Exchange on August 20, 2026.

The separation follows the company’s initial public offering completed on July 1, 2026. Holders of the 39,500,000 units sold in the IPO may elect to separate their holdings. Units not separated will continue trading under the symbol "AAC.U." Separated Class A ordinary shares will trade under "AAC," and warrants under "AAC WS."

Trading Mechanics

Only whole warrants will trade upon separation; no fractional warrants will be issued. Unit holders must instruct their brokers to contact Continental Stock Transfer & Trust Company, the transfer agent, to effect the separation.

Offering Details

The underwritten offering raised $395 million. J.P. Morgan and Jefferies served as joint book-runners and representatives of the underwriters. The Securities and Exchange Commission declared the registration statement effective on June 29, 2026.

Company Background

Sponsored by a subsidiary of Ares Management Corporation (NYSE: ARES), Ares Acquisition Corporation III is a special purpose acquisition company. It seeks to effect a business combination, leveraging Ares’ corporate relationships and industry expertise.

Ares Acquisition Corporation III has priced its upsized initial public offering of 34,500,000 units at $10.00 per unit, raising $345 million. The special purpose acquisition company formed to enter into a combination with one or more businesses will not be limited to a particular industry or geographic region for its target acquisition. The units are expected to begin trading on the New York Stock Exchange under the ticker symbol "AAC.U" on June 30, 2026.

Each unit consists of one Class A ordinary share and one-tenth of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share at a price of $11.50 per share. 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 are acting as joint book-runners and underwriters for the offering. The underwriters have been granted a 45-day option to purchase up to an additional 5,175,000 units at the initial public offering price to cover over-allotments.

Key Offering Details

The registration statement relating to the securities became effective on June 29, 2026, in accordance with Section 8(a) of the Securities Act of 1933. The offering is expected to close on July 1, 2026, subject to customary closing conditions.