Autonomous trucking startup Kodiak Robotics is to go public through a merger with Ares Acquisition Corporation II, a special purpose acquisition company affiliated with Ares Management Corporation.
The deal will make Kodiak a publicly listed company under the name Kodiak AI, with shares expected to trade under the ticker symbols KDK and KDK WS, pending regulatory approval.
Founded in 2018 by autonomy pioneer Don Burnette, Kodiak has emerged as a leading player in driverless trucking, developing an AI-powered automated driving system known as the Kodiak Driver. [Read more…] about Autonomous truck startup Kodiak to go public