05:59 PM EDT, 09/24/2025 (MT Newswires) -- Kodiak is set to debut on Nasdaq on Thursday as it completes its merger with special purpose acquisition company Ares Acquisition (AACT) in a deal placing a value of $2.5 billion.

The AI-powered autonomous truck startup, now renamed as Kodiak AI, will trade on the exchange under the tickers "KDK" and "KDKRW," the company said in a statement on Wednesday.

Kodiak said it has raised over $275 million in financing to further its "go-to-market strategy."