Is the SPAC back?

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Kodiak Robotics made a financial move that was ubiquitous in 2021. Yup, the self-driving truck startup plans to go public through a merger with Ares Acquisition Corporation II, a special purpose acquisition company. It’s a bold bet in a market where SPACs have lost their shine and the autonomous vehicle space has numerous shutdowns, including Embark and TuSimple.

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