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 (. ...