Ares Acquisition Corporation III (AAC.U) Prices Upsized $345M IPO

Ares Acquisition Corporation III (NYSE:AAC.U) announced the pricing of its upsized $345 million IPO and its units are expected to begin trading on the NYSE under the symbol “AAC.U” on Tuesday, June 30, 2026.

The new SPAC aims to combine with an established business with scale, attractive growth prospects and sustainable competitive advantages regardless of industry or geography.

Ares Acquisition Corporation III is to be led by Chief Executive Officer and Co-Chairman David B. Kaplan, Co-Chairman Michael J. Arougheti, Chief Financial Officer Jarrod Philips, Chief Operating Officer Allyson Satin, and Executive Vice President of Strategy. Kathryn V. Marinello and Michael A. Woronoff will serve on its Board of Directors.

Total SPAC deal count for 2026 year-to-date is now 117. This offering is expected to close on Wednesday, July 1, 2026.

J.P. Morgan and Jefferies are acting as joint book-runners and underwriters for this offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.