Kodiak and ares acquisition corporation ii have raised over $275 million to support proposed business combination following redemptions

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 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 $21.
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