AACT sponsor to fund monthly trust deposits for extension to Jan 26, 2026; shareholder vote April 22

Kodiak AI, Inc.

Sponsor to deposit $0.02 per outstanding Class A share into trust monthly from April 25, 2025 until deal close or Jan 26, 2026.
Company issues sponsor a non-interest bearing unsecured promissory note for total contributions, repayable at deal close or extension end.
Sponsor to convert 12.5M Class B shares into Class A shares prior to or concurrently with extension approval; conversion shares retain original restrictions.
Shareholder meeting on April 22, 2025 to vote on extension of business combination deadline from April 25, 2025 to January 26, 2026.

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