SCHEDULE 13G: Fort Baker Capital Management Discloses 9.5% Stake in Ares Acquisition Corp II

Fort Baker Capital Management LP, along with Steven Patrick Pigott and Fort Baker Capital, LLC, has disclosed a beneficial ownership of 9.5% in Ares Acquisition Corp II's Class A Ordinary Shares.

Summary

• Fort Baker Capital Management LP, Steven Patrick Pigott, and Fort Baker Capital, LLC have jointly filed a Schedule 13G, reporting beneficial ownership in Ares Acquisition Corp II.
• The reporting persons collectively beneficially own 4,766,401 Class A Ordinary Shares of Ares Acquisition Corp II.
• This ownership represents 9.5% of the Class A Ordinary Shares outstanding, based on 50,000,000 shares outstanding as of March 17, 2025, as stated in the Issuer's definitive proxy statement on Schedule 14A filed April 4, 2025.
• Fort Baker Capital Management LP directly holds the 4,766,401 shares.
• Steven Patrick Pigott acts as Limited Partner/Chief Investment Officer for Fort Baker Capital Management LP.
• Fort Baker Capital, LLC acts as General Partner for Fort Baker Capital Management LP.
• The reporting persons disclaim membership in a group and disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or prospects.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing is a standard disclosure of a significant passive ownership stake in a Special Purpose Acquisition Company (SPAC). Such disclosures are common as institutional investors take positions in publicly traded entities.

Stakeholder Impact

• Shareholders: The disclosure provides transparency regarding a significant institutional ownership stake, which can influence market perception and liquidity.

Key Dates

Keywords

Ares Acquisition Corp II, Fort Baker Capital Management, Schedule 13G, Beneficial Ownership, Class A Ordinary Shares, Investment Adviser, Passive Investment, SEC Filing