Ares said it sold 397,500 shares of Class A common stock to the underwriters on July 11, 2024, after the underwriters exercised their option to purchase additional shares in full.

1. 01

   Ares said it sold 397,500 shares of Class A common stock to the underwriters on July 11, 2024, after the underwriters exercised their option to purchase additional shares in full.

2. 02

   The company said it raised approximately $52.92 million in net proceeds from the additional sale, after deducting underwriting discounts and commissions and before offering expenses.

3. 03

   The company said net proceeds for the entire offering, including the additional sale, were approximately $408.21 million, after deducting underwriting discounts and commissions and before offering expenses.

4. 04

   Ares said it granted the underwriters, represented by Morgan Stanley & Co. LLC, an option under the Underwriting Agreement dated June 12, 2024 to purchase up to 397,500 additional shares of Class A common stock.

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.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.