secwatch.observer — SEC 8-K summary
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Issuer:     Kodiak AI, Inc. (KDK)
CIK:        0001853138
Form:       8-K
Filed at:   2025-04-14T23:59:59+00:00
Accession:  0001193125-25-079657
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853138/000119312525079657/0001193125-25-079657-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853138/000119312525079657/d948522d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-079657

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer