Self-driving truck startup Kodiak Robotics plans to go public via a merger with special purpose acquisition company Ares Acquisition Corporation II. The transaction values Kodiak, which has raised around $243 million to date, at about $2.5 billion pre-money. New and existing Kodiak institutional investors, like Soros Fund Management, ARK Investments, and Ares, have funded or…
Category: SPAC
Climate, data centers, Global Security News, nuclear fission, nuclear power, reverse merger, SPAC, Startups
Nuclear startup Terrestrial Energy goes public via SPAC, netting $280 million in merger
The Canadian company is developing small modular reactors. It previously raised nearly $100 million.
car-sharing, getaround, Global Security News, Layoffs, North America, SPAC, Transportation
Getaround abruptly shuts down US car-sharing operations
Getaround, a company that helps vehicle owners rent out their cars, trucks and SUVs to other peers, is shutting down its U.S. operations one year after cutting 30% of its North American workforce as part of a restructuring. Its HyreCar business, which it acquired in 2023 for $9.45 million, is also closing. The company said…