Kodiak Robotics, a developer of autonomous trucking technology, has received clearance from the U.S. Securities and Exchange Commission (SEC) for its registration statement in connection with its planned merger with Ares Acquisition Corporation II (AACT), bringing the company closer to becoming publicly traded.
A shareholder vote on the proposed business combination is scheduled for Sept. 23, 2025. If approved and all closing conditions are met, the combined company plans to list on the Nasdaq stock exchange under the ticker symbols “KDK” for its common stock and “KDKRW” for its warrants.
Don Burnette, founder and CEO of Kodiak, said: “We are excited about the opportunity in front of us with our fantastic partners at AACT and are focused on bringing autonomous technology to trucking and public sector applications. This transaction will position us to scale our driverless operations and deliver significant value.”
Kodiak Robotics, founded in 2018, develops AI-powered autonomous driving solutions and is already operating freight deliveries without a human driver in the cab. The company’s technology, the Kodiak Driver, combines modular hardware with software designed for commercial trucking operations.
Allyson Satin, Chief Operating Officer of AACT, said: “Since announcing our transaction in April, Kodiak has continued to make progress in executing its go-to-market strategy. With its tenured leadership team, innovative technology and established lane network, we believe Kodiak is well-positioned to meet the evolving needs of customers and deliver long-term value creation for its shareholders.”