Kodiak Completes Business Combination with Ares Acquisition Corporation II to Accelerate Journey as a Leading AI-Powered Autonomous Vehicle Technology Company

MOUNTAIN VIEW, Calif. and NEW YORK, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Kodiak AI, Inc. (“Kodiak” or the “Company”), a leading provider of AI-powered autonomous vehicle technology, today announced that Kodiak Robotics, Inc. successfully completed its business combination with Ares Acquisition Corporation II (NYSE: AACT) (“AACT”), a publicly traded special purpose acquisition company. The business combination was approved by AACT shareholders on September 23, 2025. In connection with the closing, AACT was renamed Kodiak AI, Inc. Kodiak AI, Inc.’s common stock and public warrants are expected to begin trading on The Nasdaq Stock Market LLC (the “Nasdaq”) on September 25, 2025 under the ticker symbols “KDK” and “KDKRW,” respectively.

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