Ares Acquisition II (AACT) Soars 0.36% on Kodiak Robotics Merger

Ares Acquisition II (AACT) experienced a slight decline of 0.18% today, but the share price surged to a record high, with an intraday gain of 0.36%.

A significant factor driving the stock price movement of Ares Acquisition Corporation II (AACT) is the announced business combination with Kodiak Robotics, Inc. On April 14, 2025, AACT revealed a merger agreement with Kodiak Robotics, which will result in Kodiak becoming a publicly-listed company. This merger is valued at approximately $2.5 billion and is anticipated to close in the second half of 2025, pending shareholder approval. The deal is expected to enhance Kodiak's market strategy and expand its customer base, targeting a global market opportunity in autonomous trucking valued at over $4 trillion. The news of this merger has contributed to AACT's stock performance, with its stock reaching an all-time high of $11.2 amid market confidence.