secwatch.observer — SEC 8-K summary
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Issuer:     Kodiak AI, Inc. (KDK)
CIK:        0001853138
Form:       8-K
Filed at:   2025-09-23T23:59:59+00:00
Accession:  0001193125-25-212149
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 3.02, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853138/000119312525212149/0001193125-25-212149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853138/000119312525212149/d946584d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-212149

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