Ares Acquisition Corp II extends deadline to Jan 2026; Sponsor converts shares, $7.1M redeemed

Kodiak AI, Inc.

Shareholders approved extension of business combination deadline from Apr 25, 2025 to Jan 26, 2026.
Sponsor converted 12.5M Class B shares into Class A shares, issued under Section 3(a)(9) exemption.
Holders of 640,288 Class A shares redeemed at ~$11.16 each, removing ~$7.1M from trust; trust now ~$551M.
Sponsor will make monthly deposits of $0.02 per outstanding Class A share (excl. converted shares) into trust starting Apr 25, 2025.
Vote: 50,520,332 for, 71,190 against, 794 abstentions on extension proposal.

item 3.02 item 5.03 item 5.07 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Kodiak AI, Inc.: Shareholders approved amendment to extend business combination deadline from April 25, 2025 to January 26, 2026 (effective 2025-04-22).

Change: charter amendment
Effective: 2025-04-22

Exact text from the filing

at which the Company's shareholders approved a proposal to amend the Company's amended and restated memorandum and articles of association

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42 governance changes filed in the last 30 days. Browse all governance changes →

Kodiak AI, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-093527

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