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Kodiak and Ares Acquisition Corporation II Have Raised Over $275 Million to Support Proposed Business Combination Following Redemptions
Ares Acquisition IIAres Acquisition II(US:AACT) Businesswire·2025-09-23 10:30

MOUNTAIN VIEW, Calif. & NEW YORK--(BUSINESS WIRE)--Kodiak Robotics, Inc. ("Kodiak†or the "Company†), a leading provider of AI-powered autonomous vehicle technology, and Ares Acquisition Corporation II (NYSE: AACT) ("AACT†), a publicly traded special purpose acquisition company, today announced that, following redemptions, they have raised over 275milliontosupporttheproposedbusinesscombination(the"proposedbusinesscombinationa^€)betweenAACTandKodiak.Thisincludesapproximately275 million to support the proposed business combination (the "proposed business combination†) between AACT and Kodiak. This includes approximately 21. ...