Kodiak Robotics to Go Public via Business Combination With Ares Acquisition Corporation II

FORT Robotics to Go Public via Business Combination with Newbury Street II Acquisition Corp

August 18, 2026

Cybersecurity

FORT Robotics entered into a definitive business combination with Newbury Street II Acquisition Corp to become a publicly traded company, valuing the combined entity at an implied pro-forma enterprise value of $556.6 million. The deal is expected to close in Q4 2026 and is designed to accelerate product development across safety intelligence, observability, and cybersecurity, as well as expand go-to-market and targeted acquisitions.

Agility Robotics to Merge with Churchill Capital Corp XI

June 24, 2026

Manufacturing

Agility Robotics entered into a definitive business combination agreement with Churchill Capital Corp XI, valuing Agility at $2.5 billion before the transaction. The proposed deal includes a PIPE of approximately $200 million led by Foxconn and is expected to provide Agility with more than $620 million in gross proceeds to expand deployments, scale production, and invest in its robotics platform.

Makarora Management and Ares Alternative Credit Acquire Plymouth Industrial REIT for $2.1 Billion

January 27, 2026

Real Estate

Makarora Management, together with Ares Alternative Credit funds, completed the previously announced all-cash acquisition of Plymouth Industrial REIT for approximately $2.1 billion. Plymouth shareholders received $22.00 per share, and Plymouth is no longer publicly traded on any securities exchange.

Ace Green Recycling to Become a Public Company via Business Combination with Athena Technology Acquisition Corp. II

December 4, 2024

Industrial Services

Ace Green Recycling entered into a definitive business combination agreement with Athena Technology Acquisition Corp. II (ATAC II), a special purpose acquisition company (SPAC), for Ace to merge into a wholly-owned subsidiary of ATAC II. The combined entity is expected to become a public company, with the transaction expected to close in the first half of 2025 subject to customary approvals.

Embark Trucks to Go Public via Merger with Northern Genesis Acquisition Corp. II

June 23, 2021

Cloud & SaaS

Embark Trucks, an autonomous trucking software-as-a-service company, entered into a definitive business combination agreement with Northern Genesis Acquisition Corp. II (a SPAC) to become a publicly listed company. The deal is expected to provide approximately $614 million in gross cash proceeds, including cash in trust and a $200 million fully committed PIPE led by major anchor investors.

AeroVironment Acquires Arcturus UAV for $405M

January 13, 2021

Aerospace & Defense

AeroVironment, Inc. (NASDAQ: AVAV) will acquire Arcturus UAV, Inc., a Petaluma, California–based developer and manufacturer of Group 2 and 3 unmanned aircraft systems, for a total purchase price of $405 million (approximately $355 million cash and $50 million in AeroVironment stock). The acquisition expands AeroVironment's product portfolio into higher-value Group 2 and 3 UAS segments, adds Arcturus’s ~270 employees and COCO services capability, and is expected to be accretive to adjusted EBITDA and GAAP EPS in fiscal 2022.