Ares Management said it entered into an underwriting agreement on June 12, 2024 with the representatives of the underwriters to issue and sell 2,650,000 shares of Class A common stock, and that the offering closed on June 14, 2024.

8-KOther EventsFiled Jun 14, 2024Period of report Jun 12, 2024Summary published (UTC) Oct 30, 2026

Key points

AI summary

Ares Management said it entered into an underwriting agreement on June 12, 2024 with the representatives of the underwriters to issue and sell 2,650,000 shares of Class A common stock, and that the offering closed on June 14, 2024.
The company said it granted the underwriters a 30-day option to buy up to 397,500 additional shares of Class A common stock.
Ares Management said that, subject to certain exceptions, it agreed not to sell or transfer any Class A common stock or related securities for 45 days after June 12, 2024 without the written consent of Morgan Stanley & Co. LLC and BofA Securities, Inc.
The company said the offering was made under a shelf registration statement on Form S-3 filed with the SEC on February 27, 2023 (Registration No. 333-270053), and a prospectus supplement dated June 12, 2024.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Ares Management Sets Terms for 2,650,000-Share Class A Common Stock Offering

Ares Management said it entered into an underwriting agreement on June 12, 2024 with the representatives of the underwriters to issue and sell 2,650,000 shares of Class A common stock, and that the offering closed on June 14, 2024.

Source · Based on the filing body and exhibits

Underwriters Granted Option to Buy 397,500 Additional Shares

The company said it granted the underwriters a 30-day option to buy up to 397,500 additional shares of Class A common stock.

Source · Based on the filing body and exhibits

Underwriting Agreement restricts sales or transfers for 45 days

Ares Management said that, subject to certain exceptions, it agreed not to sell or transfer any Class A common stock or related securities for 45 days after June 12, 2024 without the written consent of Morgan Stanley & Co. LLC and BofA Securities, Inc.

Source · Based on the filing body and exhibits

Offering Under Form S-3 Shelf Registration Statement

The company said the offering was made under a shelf registration statement on Form S-3 filed with the SEC on February 27, 2023 (Registration No. 333-270053), and a prospectus supplement dated June 12, 2024.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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