secwatch.observer — SEC 8-K summary
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Issuer:     Kodiak AI, Inc. (KDK)
CIK:        0001853138
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001193125-23-131030
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ares Acquisition Corp II completes $500M IPO and $14.3M private placement
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- Consummated IPO of 50M units at $10.00 each, including 5M over-allotment units, for gross proceeds of $500M.
- Concurrent private placement of 14.3M warrants to Sponsor at $1.00 each, raising $14.3M.
- Sponsor extended $5M overfunding loan (non-interest) to the Company.
- Total $505M deposited into trust account ($10.10 per public share) for benefit of public shareholders.
- Audited balance sheet shows $3.4M cash outside trust, $505M in trust, and $19.1M accumulated deficit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853138/000119312523131030/0001193125-23-131030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853138/000119312523131030/d505240d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-131030

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