07:34 AM EDT, 09/23/2025 (MT Newswires) -- Ares Acquisition Corp. II ( AACT ) and Kodiak Robotics said Tuesday they have raised more than $275 million to support their proposed business combination.

The financing includes roughly $212.5 million in funding to both parties by institutional investors and about $62.9 million in the trust account following redemptions, the companies said.

The blank-check company said it will now convene a shareholder meeting at 2 pm ET Tuesday to approve the deal.

Ares Acquisition shares were up 3.6% in recent premarket activity.