Ares Acquisition Corporation II
AACT-UN
New York Stock Exchange10.00
USD
-0.01
- -
CIK
0001853138
Return %
Stock
S&P500
1Y
-9.83
18.21
3Y
-0.70
64.38
5Y
-0.70
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- David B. Kaplan
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 245 Park Avenue New York City United States of America
- IPO Date
- Apr 21, 2023
- CIK
- 0001853138
- Similar Companies
- Business
- Ares Acquisition Corporation II (NYSE: AACT-UN) is a special purpose acquisition company (SPAC) sponsored by an affiliate of Ares Management Corporation that seeks to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily targeting established companies with scale, attractive growth prospects, and sustainable competitive advantages in North America, Europe, or Asia-Pacific. Incorporated in the Cayman Islands in 2021 and headquartered at 245 Park Avenue, 44th Floor, New York, New York, the company completed its initial public offering of 50 million units at $10.00 per unit on April 21, 2023, raising gross proceeds of $500 million, with shares and warrants trading separately under the symbols AACT and AACT WS, respectively. It operates in the financial services sector within the shell companies industry and has a lean team of approximately four employees led by CEO David B. Kaplan. In its most significant recent development, Ares Acquisition Corporation II completed a $2.5 billion business combination with Kodiak Robotics, Inc., a developer of AI-powered autonomous vehicle technology for trucking, on September 24, 2025, following shareholder approval on September 23, 2025, and an amendment vote on April 22, 2025; the deal, announced April 14, 2025, was supported by over $275 million in committed financing, including a $145 million PIPE investment and over $212 million from institutional investors, positioning Kodiak to trade on Nasdaq under the ticker KDK with warrants as KDKRW. Prior to closing, the company made monthly contributions to its trust account to extend its completion window and engaged in outreach to manage redemptions. This transaction marks the largest de-SPAC deal involving an operating company in 2025 and shifts Ares Acquisition Corporation II from a blank-check entity to facilitating Kodiak's public listing as a leader in autonomous trucking solutions.[web:page:1]