The IPO Buzz: Ares Acquisition III (AAC.U) Upsizes SPAC IPO to Raise $345 Million
Ares Acquisition Corp. III (AAC.U) upsized its SPAC IPO at pricing to 34.5 million units – up from 30 million units in the prospectus – and priced the deal at $10.00 per unit, as expected – to raise $345 million on Monday night, June 29, 2026. Each unit consists of one share and one-tenth (1/10th) of one redeemable warrant.
Ares Acquisition Corp. III (AAC.U) is expected to start trading tomorrow – Tuesday, June 30, 2026 – on the New York Stock Exchange.
J.P. Morgan and Jefferies served as the joint book-runners.
This SPAC’s sponsor is an affiliate of Ares, a leading global alternative investment adviser, the prospectus said.
David B. Kaplan is the CEO and co-chairman of the board of directors of AAC III. Mr. Kaplan is a co-founder, director and partner of Ares Management Corp.
Ares Acquisition Corp. III (AAC.U) said it will search for an established business in North America, Europe or Asia in its quest for a suitable candidate for an initial business combination. It will look for an established business with scale, attractive growth prospects and sustainable competitive advantages, according to the prospectus.
(For more information about this company, please check the IPO Calendar and the individual IPO Profile found on the IPOScoop.com website.)
Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.
To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.
Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.
Source: https://www.iposcoop.com/the-ipo-buzz-ares-acquisition-iii-aac-u-upsizes-spac-ipo-to-raise-345-million/
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