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Ares Acquisition Corporation III (NYSE:AAC), a special purpose acquisition company, priced an upsized $345 million initial public offering of 34,500,000 units at $10.00 per unit. The units are expected to list on the NYSE under AAC.U on June 30, 2026.
Each unit includes one Class A ordinary share and one-tenth of a redeemable warrant, with each whole warrant exercisable at $11.50 per share. Underwriters have a 45-day option to buy up to 5,175,000 additional units. Closing is expected July 1, 2026, subject to customary conditions.
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