Ares Acquisition II delays Kodiak deal vote and secures $275 million in funding.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 23 2025
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Should l Buy ?
Funding Announcement: Kodiak Robotics and Ares Acquisition Corporation II have raised over $275M to support their proposed business combination, with approximately $212.5M financing directed to Kodiak and AACT from institutional investors.
Shareholder Meeting Postponed: The general meeting of shareholders to approve the business combination has been postponed from 9 AM ET to 2 PM ET to allow more time for AACT to engage with its shareholders, while shares of Ares Acquisition II have dropped 10% to $10.30 in early trading.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
