Kodiak AI Completes Business Combination with Ares Acquisition Corporation II to Accelerate Autonomous Vehicle Technology

Kodiak AI, a leading provider of AI-powered autonomous vehicle technology, has completed its business combination with Ares Acquisition Corporation II. Kodiak will begin trading on Nasdaq under the ticker symbols "KDK" and "KDKRW" on September 25, 2025, with a valuation of approximately $2.5 billion. The company has raised over $275 million to accelerate its go-to-market strategy and aims to transform the transportation industry through its driverless solution.