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Institutional Investors Have Funded or Committed Over $212 Million in Financing in Total Over $62 million to Remain in Trust Account Following Redemptions
Extraordinary General Meeting of Shareholders Postponed to 2:00 p.m. September 23, 2025
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 $275 million to support the proposed business combination (the "proposed business combination") between AACT and Kodiak. This includes approximately $212.5 million financing to Kodiak and AACT invested or committed by institutional investors in connection with the proposed business combination and approximately $62.9 million remaining in the Trust Account following redemptions, before expenses.
Posted In: AACT
