Ares Acquisition II (AACT) Soars 36% on Kodiak Robotics Merger

Ares Acquisition II (AACT) surged to a record high today, with an intraday gain of 0.36%.

Kodiak Robotics, a leading autonomous trucking company, has announced its plans to go public through a merger with Ares Acquisition Corporation II (AACT). This merger is backed by significant institutional investor support, amounting to over $110 million. The news has generated considerable market excitement and optimism, contributing to the positive sentiment surrounding AACT's stock.

In addition to the merger announcement, Ares Acquisition Corporation II recently released preliminary redemption results. Approximately 1.3% of public shares were redeemed on April 22, 2025. This development, while relatively minor in scale, may have influenced recent stock price movements as investors reassess their positions in light of the redemption activity.