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0 0.000497159090909042 0.00063920454545457 0.00198863636363637 0.00411931818181807 0.000710227272727232 0.00362215909090903 0.00369318181818169
Stock impact report

Kodiak Robotics to go public through merger with AACT [Yahoo! Finance]

Ares Management Corporation Class A (ARES) 
Last ares management corporation class a earnings: 2/13 06:00 am Check Earnings Report
US:NYSE Investor Relations: ares-ir.com
Company Research Source: Yahoo! Finance
II (AACT), a special purpose acquisition company affiliated with Ares Management Corporation. Upon completion of the transaction, Kodiak will become a publicly listed company in the US under the name Kodiak AI. Founded in 2018, Kodiak focuses on AI-powered autonomous driving systems for the commercial trucking industry. Its core product, the Kodiak Driver, is a single-platform solution combining AI software and modular hardware designed to integrate with customers' existing logistics operations. The boards of Kodiak and AACT have unanimously approved the proposed merger. The business combination values Kodiak at a pre-money equity valuation of $2.5bn. The transaction is expected to provide the combined company with approximately $551m in cash from AACT's trust account, assuming no redemptions. Institutional investors, including affiliates of Soros Fund Management, ARK Investments, and Ares, have committed over $110m in support of the transaction. Existing investor ARK In Show less Read more
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