Ares Acquisition Corporation II
closedU=S+W/2W=S@9.28
KDK
Capital Structure & Economics
Trust Size$404,000,000
Unit Price$10.00
Warrant Coverage1/2
Sponsor Promote20%
Implied Equity Architecture
Capital Allocation Baseline
Trust (100.0%)
Implied Dilution Drag
50% Warrant Inclusion| Public Trust Allocation | $404,000,000 |
| Sponsor At-Risk Capital | N/A |
| Total Underwriting Discount | N/A |
| Trust Per Unit (Implied) | $10.00 |
| Sponsor Promote Allocation | 20% |
Deal Lifecycle
IPO PricedMar 29, 2023
SearchingTarget Pending
Maturation Wall
Sep 24, 2025
Announced Target / M&A
- Target CompanyLegacy Kodiak
- Announced Deal Size$2,500,000,000
Board & Officers
- Don BurnetteCEO
- Surajit DattaOfficer
- Michael WiesingerOfficer
- Officer
- James ReedOfficer
- Kenneth GoldmanOfficer
- Mohamed ElshenawyOfficer
- Scott TobinOfficer
- Ares Management Capital Markets LLCOfficer
- Ares Management Corporation(2)Officer
- Director
- Director
- Director
- Director
- Director
Syndicate & Advisors
- LEAD
- LEAD
- LEAD
- AUDITOR
- Horizon Technology Finance CorporationAUDITOR
Interactive Deal Modeling
Base financial constraints (Trust Size, Warrants, Promote) are pre-loaded into the calculation engines. Proceed to model implied dilution and advisory friction limits.