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Kodiak Robotics to Go Public in a SPAC Valued at $2.5 billion

  • Kodiak Robotics, an autonomous trucking startup, plans to become a public company through a merger.
  • This move allows Kodiak to address a $4 trillion global market opportunity.
  • The merger involves Ares Acquisition Corporation II , a special purpose acquisition company.
  • CEO Don Burnette stated, "Entering the public markets will accelerate our strategy," which includes expanding partnerships.
  • The deal, expected to close in the second half of 2025, values Kodiak at $2.5 billion pre-money.
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  • 80% of the sources are Center
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Ridgecrest Daily Independent - Ridgecrest, CA broke the news in on Monday, April 14, 2025.
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