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Company News
Kodiak Completes Business Combination with Ares Acquisition Corporation II to Accelerate Journey as a Leading AI-Powered Autonomous Vehicle Technology Company
Kodiak AI successfully completed its business combination with Ares Acquisition Corporation II, becoming a public company trading on Nasdaq with a $2.5 billion valuation. The company aims to transform freight transportation through its AI-powered autonomous vehicle technology.
Ares Acquisition Corp., X-energy scrap $1.8B merger due to 'persistently volatile public markets'
The deal marks the 165th SPACs that has liquidated this year alone, according to SPAC Research.