Kodiak and Ares Acquisition Corporation II Secure Over $275 Million to Facilitate Planned Business Merger After Redemptions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 23 2025
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Source: Newsfilter
Funding and Financial Support: Kodiak Robotics and Ares Acquisition Corporation II have secured over $275 million for their proposed business combination, with institutional investors committing approximately $212.5 million and about $62.9 million remaining in the Trust Account after redemptions.
Extraordinary General Meeting Postponed: The Extraordinary General Meeting for shareholders to approve the business combination has been postponed to September 23, 2025, at 2:00 p.m. Eastern Time, allowing more time for AACT to engage with its shareholders.
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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.
