Kodiak Robotics, a self-driving truck startup, plans to go public through a merger with Ares Acquisition Corporation II, a special purpose acquisition company.
The move comes at a time when SPACs have lost their shine and the autonomous vehicle space has seen shutdowns of companies like Embark and TuSimple.
There is uncertainty in the IPO market and some major players have already paused their IPO plans.
The episode of TechCrunch's Equity podcast discusses the potential return of SPACs and other news related to AI voices, Figma's IPO plans, Hugging Face's acquisition, and updates from OpenAI.