0001193125-22-037046.txt : 20220211 0001193125-22-037046.hdr.sgml : 20220211 20220211161451 ACCESSION NUMBER: 0001193125-22-037046 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20220211 DATE AS OF CHANGE: 20220211 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Ares Acquisition Corp CENTRAL INDEX KEY: 0001829432 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-93436 FILM NUMBER: 22621081 BUSINESS ADDRESS: STREET 1: C/O ARES MANAGEMENT LLC STREET 2: 245 PARK AVENUE, 42ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10167 BUSINESS PHONE: 310-201-4100 MAIL ADDRESS: STREET 1: C/O ARES MANAGEMENT LLC STREET 2: 245 PARK AVENUE, 42ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10167 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Ares Acquisition Holdings LP CENTRAL INDEX KEY: 0001829428 IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: C/O ARES MANAGEMENT LLC STREET 2: 245 PARK AVENUE, 42ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10167 BUSINESS PHONE: 310-201-4100 MAIL ADDRESS: STREET 1: C/O ARES MANAGEMENT LLC STREET 2: 245 PARK AVENUE, 42ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10167 SC 13G 1 d310951dsc13g.htm SC 13G SC 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No.     )*

 

 

Ares Acquisition Corporation

(Name of Issuer)

Class A ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

G33032106

(CUSIP Number)

December 31, 2021

(Date of Event Which Requires Filing of this Statement)

 

 

Check the Appropriate Box to Designate the Rule Pursuant to Which this Schedule Is Filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

  1.    

  Names of Reporting Persons

 

  Ares Acquisition Holdings LP

  2.  

  Check The Appropriate Box if a Member of a Group (See Instructions)

 

  (a)  ☐        (b)  ☐

 

  3.  

  SEC Use Only

 

  4.  

  Citizenship or Place of Organization

 

  Cayman Islands

Number of

Shares

 Beneficially 

Owned By

Each

Reporting

Person

With

    5.    

  Sole Voting Power

 

  40,183,333(1)

   6.  

  Shared Voting Power

 

  0

   7.  

  Sole Dispositive Power

 

  40,183,333(1)

   8.  

  Shared Dispositive Power

 

  0

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  40,183,333(1)

10.  

  Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  ☐

11.  

  Percent of Class Represented By Amount in Row (9)

 

  28.7%(2)

12.  

  Type of Reporting Person (See Instructions)

 

  PN

 

(1)

Represents 40,183,333 Class A ordinary shares acquirable by the Reporting Person in respect of (i) 24,850,000 Class B ordinary shares, par value $0.0001 per share (“Class B Shares”), convertible one-for-one into the Issuer’s Class A ordinary shares and (ii) 15,333,333 private placement warrants to acquire Class A ordinary shares upon payment of $11.50 per share (“Private Placement Warrants”), commencing 30 days after completion of the Issuer’s initial business combination.

(2)

Calculated based on (i) 100,000,000 Class A ordinary shares outstanding as of December 27, 2021 as reported on the Issuer’s Form 10-Q/A, filed on January 3, 2022, and (ii) 40,183,333 Class A ordinary shares issuable in connection with the 24,850,000 Class B Shares and 15,333,333 Private Placement Warrants beneficially owned by the Reporting Person.

Item 1(a).

Name of Issuer

Ares Acquisition Corporation

 

Item 1(b).

Address of the Issuer’s Principal Executive Offices

c/o Ares Management LLC

245 Park Avenue, 42nd Floor

New York, NY 10167

 

Item 2(a).

Names of Persons Filing

This statement is filed by the Ares Acquisition Holdings LP, referred to herein as the “Reporting Person.”

 

Item 2(b).

Address of the Principal Business Office, or if none, Residence:

c/o Ares Management LLC

245 Park Avenue, 44th Floor

New York, NY 10167

 

Item 2(c).

Citizenship

See response to Item 4 on the cover page.

 

Item 2(d).

Title of Class of Securities

Class A ordinary shares, par value $0.0001 per share.

 

Item 2(e).

CUSIP Number

G33032106

 

Item 3.

If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a(n):

Not Applicable.

 

Item 4.

Ownership

 

  (a)

Amount beneficially owned:

See response to Item 9 on the cover page.

 

  (b)

Percent of Class:

See response to Item 11 on the cover page.

 

  (c)

Number of shares as to which the Reporting Person has:

 

  (i)

Sole power to vote or to direct the vote:

See response to Item 5 on the cover page.

 

  (ii)

Shared power to vote or to direct the vote:

See response to Item 6 on the cover page.

 

  (iii)

Sole power to dispose or to direct the disposition of:

See response to Item 7 on the cover page.

 

  (iv)

Shared power to dispose or to direct the disposition of:

See response to Item 8 on the cover page.

The Reporting Person directly holds the reported securities and is managed by affiliates of Ares Management Corporation (“Ares Management”). In this regard, Ares Acquisition Holdings is the general partner of the Reporting Person. Ares Investment Holdings LLC is the general partner of Ares Acquisition Holdings. Ares Investment Holdings LLC is an indirect subsidiary of Ares Management. Ares Management GP LLC and Ares Voting LLC together will generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. The sole member of both Ares Management GP LLC and Ares Voting LLC is Ares Partners Holdco LLC (“Ares Partners”). Ares Partners is managed by a board of managers, which is composed of Michael Arougheti, Ryan Berry, R. Kipp deVeer, David Kaplan, Antony Ressler and Bennett Rosenthal (collectively, the “Board Members”). Mr. Ressler generally has veto authority over Board Members’ decisions and therefore may be deemed to have beneficial ownership of the reported securities. This Statement shall not be construed as an admission that the Reporting Person or any of the foregoing are, for purposes of Section 13(d) and 13(g), beneficial owners of any securities covered by this Statement.

 

Item 5.

Ownership of Five Percent or Less of a Class

Not Applicable.

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

Not Applicable.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company

Not Applicable.

 

Item 8.

Identification and Classification of Members of the Group

Not Applicable.

 

Item 9.

Notice of Dissolution of Group

Not Applicable.

 

Item 10.

Certification

Not Applicable.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 11, 2022

 

Ares Acquisition Holdings LP

/s/ Anton Feingold

Name:   Anton Feingold
Title:   Authorized Signatory