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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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12 Articles
12 Articles
George Soros, Cathie Wood-Backed Autonomous Trucking Firm Kodiak Robotics Set To Go Public Via SPAC Merger To Tap $4 Trillion Market - Atlas Energy Solutions (NYSE:AESI), Ares Acquisition (NYSE:AACT)
Kodiak Robotics will go public through a merger with Ares Acquisition Corp. II, fetching a $2.5B pre-money valuation
·New York, United States
Read Full ArticleKodiak, a Leading Provider of AI-Powered Autonomous Vehicle Technology, to Go Public Via Business Combination With Ares Acquisition Corporation II
Kodiak's AI-powered autonomous platform is built to handle some of the world's toughest trucking jobs and has logged over 2.6 million autonomous miles in real-world conditionsKodiak has the first publicly-announced driverless trucks in commercial operations and has strong customer traction…
Coverage Details
Total News Sources12
Leaning Left1Leaning Right0Center4Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
L 20%
C 80%
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