Ares Acquisition Corp II shareholders approve merger with Kodiak Robotics

Shareholders of Ares Acquisition Corp II (NYSE:AACT) approved the previously announced business combination with Kodiak Robotics, Inc. at an extraordinary general meeting held Tuesday. According to a press release statement based on the company’s SEC filing, approximately 66.82% of Ares Acquisition Corp II’s Class A ordinary shares participated in the meeting, which constituted a quorum.

All eight proposals related to the business combination were approved by shareholders. These included the business combination itself, a proposal to change the company’s jurisdiction of incorporation from the Cayman Islands to Delaware (the “Domestication Proposal”), issuance of new shares, adoption of new organizational documents, several advisory proposals regarding organizational documents, an incentive plan, an employee stock purchase plan, and the election of directors. For the main business combination proposal, 36,431,650 shares were voted in favor, 4,005,377 against, and 900,021 abstained.

Following the approval of the Domestication Proposal, the company will change its jurisdiction of incorporation to Delaware and be renamed Kodiak AI, Inc. Existing shareholders will receive shares in Kodiak AI, Inc.

The company stated that, subject to satisfaction or waiver of remaining closing conditions, the business combination is expected to be completed promptly. Upon completion, the combined company intends to list its common stock and public warrants on The Nasdaq Stock Market LLC under the symbols “KDK” and “KDKRW,” respectively. Trading on Nasdaq is expected to begin on or about Thursday, September 25, 2025, subject to closing and Nasdaq listing requirements.

The information in this article is based on a press release statement and the company’s Form 8-K filed with the Securities and Exchange Commission.

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