Kodiak Robotics goes public through SPAC, expects transaction to close in the second half of the year

Kodiak Robotics, an American self-driving truck technology company, announced that it will go public in the United States through a merger with blank check company Ares Acquisition Corporation II. The merged company will be renamed "Kodiak AI" and the transaction is expected to be completed in the second half of 2025. The transaction values ​​Kodiak at approximately US$2.5 billion.