Future Vision II Acquisition Corp. shares rise 2.01% intraday after Kodiak Robotics and Ares Acquisition Corporation II raised over $275 million for a proposed business combination.

Future Vision Ii Acquisition Corp. rose 2.01% in intraday trading, with the company announcing that Kodiak Robotics, Inc. and Ares Acquisition Corporation II have raised over $275 million to support the proposed business combination between AACT and Kodiak. This includes approximately $212.5 million financing to Kodiak and AACT invested or committed by institutional investors in connection with the proposed business combination and approximately $62.9 million remaining in the Trust Account following redemptions, before expenses.