AACT
Ares Acquisition Corporation II9.49
+0.61+6.87%
Sep 24, 4:00:02 PM EDT
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
587.05MP/E (TTM)
36.50Basic EPS (TTM)
0.26Dividend Yield
0%Recent Filings
8-K
8-K
Warrant terms adjusted downward
Kodiak AI adjusted its 24,999,990 public and 14,300,000 private warrants effective after October 20, 2025 trading, dropping the exercise price to $9.28 per share from $11.50 and the redemption trigger to $14.53 from $18.00. This stems from the September 24, 2025 business combination, where preferred stock and warrants issued at under $9.20 per share exceeded 60% of equity proceeds amid a $8.07 market value. Adjustments ease warrant exercises. Yet dilution risks loom for common shareholders.
8-K
AACT lands $145M preferred PIPE
Ares Acquisition Corporation II secured $145 million in subscription agreements for Kodiak Series A Preferred Stock and PIPE Warrants from institutional investors, tied to its pending merger with Kodiak Robotics. This replaces a prior $50 million common stock PIPE, bolstering cash inflows to $155 million alongside $562 million in trust—yet redemptions could slash that to zero. Deal closes post-shareholder vote on September 23; dilution looms large for public holders.
8-K
AACT-Kodiak merger advances
Ares Acquisition Corporation II released an investor presentation on August 25, 2025, detailing its proposed business combination with Kodiak Robotics, valuing Kodiak at a $2.5 billion pre-money equity stake. The deal taps $562 million in AACT's trust plus a $60 million PIPE to fuel Kodiak's driverless trucking expansion, targeting a $4 trillion market amid driver shortages and rising costs. Yet regulatory hurdles loom large. Deal closes soon.
10-Q
Q2 FY2025 results
Ares Acquisition Corporation II posted a slim net income of $326,643 for Q2 FY2025 ended June 30, 2025, down sharply from $6,585,367 a year earlier, as general and administrative expenses surged to $5,506,346 from $373,422 amid merger preparations—yet investment income on the Trust Account held steady at $5,832,989 versus $6,958,789 y/y. For the half-year, net income fell to $3,319,438 from $12,978,757, with expenses climbing to $8,211,992 from $828,934 while Trust income dipped to $11,531,430 from $13,807,691. The Trust Account grew to $558.1M from $550.8M at year-end, bolstered by sponsor deposits of $2.96M, though redemptions trimmed shares to 49.4M from 50M. Cash outside the Trust sits at $137,896, offset by a $9.3M working capital deficit and sponsor loans totaling $7.7M (non-interest bearing, convertible to warrants). Signed a business combination agreement with Kodiak Robotics on April 14, 2025, via merger sub, targeting closure by January 26, 2026 with $60M PIPE backing. Conflicts of interest among officers and sponsors could sway merger decisions.
IPO
Sector
Industry
AACB
Artius II Acquisition Inc.
10.31+0.00
ASPC
A SPAC III Acquisition Corp.
10.50-0.05
ATEK
Athena Technology Acquisition C
9.02+0.00
ATII
Archimedes Tech SPAC Partners I
10.37-0.01
CCII
Cohen Circle Acquisition Corp.
10.23-0.03
FTII
FutureTech II Acquisition Corp.
12.02+0.00
IPOD
Dune Acquisition Corporation II
10.19+0.00
KFII
K&F Growth Acquisition Corp. II
10.31+0.00
RFAI
RF Acquisition Corp II
10.74+0.02
SVII
Spring Valley Acquisition Corp.
12.70+0.00