Autonomous Truck Startup Kodiak Set to Go Public After $2.5 Billion Deal
The maker of software for self-driving vehicles is one of several companies aiming to automate long-haul trucking.
| Ticker |
AACT
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| CIK | 0001853138 |
| SIC | 6770 |
| Sector | Finance, Insurance, And Real Estate |
| Industry Category | Trading |
| Industry Group | Investment Offices |
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Latest NewsdocsIntrinio provides up-to-date news articles on every US company from various sources. Here are several examples: |
Autonomous Truck Startup Kodiak Set to Go Public After $2.5 Billion DealThe maker of software for self-driving vehicles is one of several companies aiming to automate long-haul trucking. Kodiak Completes Business Combination with Ares Acquisition Corporation II to Accelerate Journey as a Leading AI-Powered Autonomous Vehicle Technology CompanyKodiak AI, Inc. is expected to commence trading on Nasdaq under ticker symbols “KDK” and “KDKRW” on September 25, 2025Kodiak’s ~$2.5 billion valuation is among the largest operating company de-SPAC transactions of 2025 to date This milestone, together with Kodiak’s track record in deploying revenue generating autonomous technology, underscores its leadership in the autonomous vehicle sectorKodiak and Ares Acquisition Corporation II have raised over $275 million before expenses to help Kodiak acc Kodiak Robotics clears SPAC vote, undergoes steep redemptionsA majority of shareholders approved a measure to turn the autonomous truck technology startup into a publicly traded company. Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Tuesday Ahead of Powell SpeechThe broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.01% and the actively t Kodiak and Ares Acquisition Corporation II Have Raised Over $275 Million to Support Proposed Business Combination Following RedemptionsMOUNTAIN VIEW, Calif. & NEW YORK, 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 $ |