---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-202878"
form_type: "8-K"
ticker: "KDK"
cik: "0001853138"
company_name: "Kodiak AI, Inc."
filed_at: "2025-09-15T23:59:59+00:00"
generated_at: "2026-05-17T06:40:05.419206+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# AACT secures $145M Series A Preferred Investment for Kodiak business combination

## Summary
- Preferred investors commit $145M for Series A Cumulative Convertible Preferred Stock with 9.99% dividend rate (PIK) or 7.99% cash.
- Each preferred share ($1,200 stated value) convertible at $12.00 per share, subject to anti-dilution and price reset triggers at 6 and 9 months.
- Investors receive PIPE Warrants for 125% of convertible shares; warrants exercisable at $12.00 per share for 6 years.
- Shareholder meeting to approve the business combination scheduled for September 23, 2025.
- Updated sources/uses tables show $155M from PIPE and preferred investment; $562M cash-in-trust under no-redemption scenario.

## SEC filing metadata
- accession: 0001193125-25-202878
- form_type: 8-K
- ticker: KDK
- cik: 0001853138
- company_name: Kodiak AI, Inc.
- filed_at: 2025-09-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1853138/000119312525202878/0001193125-25-202878-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1853138/000119312525202878/d945093d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-202878
- JSON: https://secwatch.observer/filing/0001193125-25-202878.json
- Plain text: https://secwatch.observer/filing/0001193125-25-202878.txt

## Key facts
- Equity Issuances
  Kodiak AI, Inc. issued shares of Kodiak Series A Preferred Stock and PIPE Warrants of preferred stock to certain institutional and accredited investors for aggregate purchase price of $145 million.
  - Security: preferred stock
  - Shares: shares of Kodiak Series A Preferred Stock and PIPE Warrants
  - Purchaser: certain institutional and accredited investors
  - Consideration: aggregate purchase price of $145 million
  source text: the proposed business combination. As of September 15, 2025, AACT has entered into a Subscription Agreement with certain Preferred Investors for an aggregate purchase price of $145 million. One of such Preferred Investors previously entered into a subscription agreement for an aggregate purchase price of $50 million in connection with AACT’s previously announced
  evidence_url: https://www.sec.gov/Archives/edgar/data/1853138/000119312525202878/0001193125-25-202878-index.htm

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