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George Soros-Backed Kodiak Robotics Merger Fuels AACT SPAC Stock Rally
ByAinvest
Tuesday, Sep 23, 2025 11:43 pm ET1min read
Ares Acquisition Corporation II (AACT) shares surged 6.42% in after-hours trading to $9.45 following the successful fundraising for its planned merger with Kodiak Robotics. Institutional investors, including George Soros and Cathie Wood, pledged over $212.5 million in PIPE financing, exceeding the initial target of $100 million. The post-merger company will be listed on NASDAQ under the ticker symbols "KDK" and "KDKRW", subject to listing criteria and closing conditions.
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