AACT raises over $275M for Kodiak merger; redemptions total $502M, trust assets ~$63M

Kodiak AI, Inc.

Total capital raised over $275M includes ~$212.5M from institutional investors and ~$62.9M in trust after redemptions.
Redemptions of 43,866,808 shares at ~$11.45/share total ~$502.4M; remaining public shares ~5.5M.
Non-redemption agreements: issued warrants for 7,606,666 shares and 368,028 shares to investors agreeing not to redeem.
Extraordinary General Meeting postponed to 2:00 p.m. ET on Sept 23, 2025, to allow additional shareholder engagement.

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