Kodiak and ares acquisition corporation ii announce $145 million investment to support proposed business combination

Mountain view, calif. & new york--(business wire)--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 a $145 million pipe commitment of convertible preferred stock and common stock warrants to aact from institutional accredited investors to support the previously announced proposed business combination (.
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