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Ares Acquisition Corporation II Class A ( (AACT) ) has issued an announcement.
On September 15, 2025, Ares Acquisition Corporation II (AACT) announced a $145 million investment from institutional investors to support its proposed business combination with Kodiak Robotics, Inc. This investment is part of a broader $220 million financing effort to bolster Kodiak’s operations and market positioning as it prepares to go public. The business combination is set to be voted on by shareholders at an extraordinary general meeting on September 23, 2025, and is expected to enhance Kodiak’s capabilities in the autonomous vehicle industry, with plans to list on Nasdaq under the symbols ‘KDK’ and ‘KDKRW’.
More about Ares Acquisition Corporation II Class A
Kodiak Robotics, Inc. is a leading provider of AI-powered autonomous vehicle technology, focusing on driverless solutions for commercial trucking and public sector applications. Founded in 2018, Kodiak aims to address supply chain challenges and enhance safety and efficiency in ground transportation through its Kodiak Driver, a virtual driver combining advanced AI software with modular hardware.
Average Trading Volume: 340,883
Technical Sentiment Signal: Strong Buy
Current Market Cap: $705.8M
For a thorough assessment of AACT stock, go to TipRanks’ Stock Analysis page.