---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-079657"
form_type: "8-K"
ticker: "KDK"
cik: "0001853138"
company_name: "Kodiak AI, Inc."
filed_at: "2025-04-14T23:59:59+00:00"
generated_at: "2026-05-23T15:39:54.495870+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Ares Acquisition Corp II to combine with Kodiak Robotics at $2.5B equity value

## Summary
- Implied equity value of $2.5B; Kodiak stockholders to receive shares of New Kodiak Common Stock.
- Up to 75M earn-out shares tied to stock price milestones of $18, $23, and $28 per share.
- Closing expected in second half 2025; requires AACT shareholder approval and HSR clearance.
- Post-combination entity to be renamed 'Kodiak AI, Inc.' and list on NYSE under new ticker.
- Sponsor agrees to vote in favor, waive anti-dilution, and subject 50% of its shares to earn-out vesting.

## SEC filing metadata
- accession: 0001193125-25-079657
- form_type: 8-K
- ticker: KDK
- cik: 0001853138
- company_name: Kodiak AI, Inc.
- filed_at: 2025-04-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1853138/000119312525079657/0001193125-25-079657-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1853138/000119312525079657/d948522d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-079657
- JSON: https://secwatch.observer/filing/0001193125-25-079657.json
- Plain text: https://secwatch.observer/filing/0001193125-25-079657.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.