{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-225299","form_type":"8-K","ticker":"KDK","cik":"0001853138","company_name":"Kodiak AI, Inc.","filed_at":"2025-09-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.369172+00:00","generated_at":"2026-05-17T05:18:18.102922+00:00","sec_items":["1.01","2.01","5.02","3.02","9.01","4.01","3.01","3.03","5.01","5.03","5.05","5.06","7.01","8.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Kodiak AI closes merger with Kodiak Robotics; $205M raised in PIPE and preferred","bullets":["On Sept 24, 2025, Kodiak AI (f/k/a Ares Acquisition II) completed business combination with Kodiak Robotics; common stock began trading on Nasdaq as KDK on Sept 25.","Legacy Kodiak securityholders received 161.8M common shares; up to 75M earnout shares/RSUs tied to stock price thresholds of $18, $23, and $28.","PIPE investors committed $60M at ~$11.45/share; Series A Preferred Investment closed at $145M for 142,155 preferred shares and warrants for 17.8M common shares.","$502.4M redeemed by SPAC shareholders (43.9M shares), leaving $62.9M in trust; combined company funded with $205M in new equity.","Post-closing capitalization: 181.2M common shares, 55.99M exchanged options at $1.88, 25M public warrants, 14.3M private warrants, and 19.2M earnout RSUs."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-225299","json":"https://secwatch.observer/filing/0001193125-25-225299.json","markdown":"https://secwatch.observer/filing/0001193125-25-225299.md","text":"https://secwatch.observer/filing/0001193125-25-225299.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1853138/000119312525225299/0001193125-25-225299-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1853138/000119312525225299/d933659d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:18:18.102922+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"016865772b42266cc0f5a0e163e685a8c7ab9bd8","claim":"Kodiak AI, Inc. issued Non-Redemption Shares of common stock.","evidence_excerpt":"The Assumed Kodiak Warrants, PIPE Warrants, the Preferred Stock, the PIPE Shares, the Legacy Kodiak Advisor Shares, the Non-Redemption Shares and Non-Redemption Warrants have not been registered under the Securities Act, in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853138/000119312525225299/0001193125-25-225299-index.htm","confidence":0.7,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"Non-Redemption Shares"}],"fact_type":"equity_issuance"},{"claim_id":"12d9a7eeb0b52120189fd8510056bf0d8ab763d7","claim":"Kodiak AI, Inc. issued preferred stock.","evidence_excerpt":"The Assumed Kodiak Warrants, PIPE Warrants, the Preferred Stock, the PIPE Shares, the Legacy Kodiak Advisor Shares, the Non-Redemption Shares and Non-Redemption Warrants have not been registered under the Securities Act, in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853138/000119312525225299/0001193125-25-225299-index.htm","confidence":0.7,"family_label":"Equity Issuances","details":[{"label":"Security","value":"preferred stock"}],"fact_type":"equity_issuance"},{"claim_id":"1fee8ddc4279dd461fa3f9a4ba213436b4690abf","claim":"Kodiak AI, Inc. issued warrant.","evidence_excerpt":"The Assumed Kodiak Warrants, PIPE Warrants, the Preferred Stock, the PIPE Shares, the Legacy Kodiak Advisor Shares, the Non-Redemption Shares and Non-Redemption Warrants have not been registered under the Securities Act, in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853138/000119312525225299/0001193125-25-225299-index.htm","confidence":0.7,"family_label":"Equity Issuances","details":[{"label":"Security","value":"warrant"}],"fact_type":"equity_issuance"},{"claim_id":"30812dc4879f97545ce8f3addf8f5786379b3bfe","claim":"Kodiak AI, Inc. issued PIPE Shares of common stock.","evidence_excerpt":"The Assumed Kodiak Warrants, PIPE Warrants, the Preferred Stock, the PIPE Shares, the Legacy Kodiak Advisor Shares, the Non-Redemption Shares and Non-Redemption Warrants have not been registered under the Securities Act, in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853138/000119312525225299/0001193125-25-225299-index.htm","confidence":0.7,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"PIPE Shares"}],"fact_type":"equity_issuance"},{"claim_id":"4baec63953f3c5935edbeb339bd5cb4b826e6acb","claim":"Kodiak AI, Inc. issued common stock.","evidence_excerpt":"The Certificate of Incorporation and Bylaws contain material modifications, among others, to the Company’s authorized capital stock, exclusive forum, shareholder voting rights, removal of directors, voting requirements to amend the Certificate of Incorporation and Bylaws.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853138/000119312525225299/0001193125-25-225299-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"}],"fact_type":"equity_issuance"},{"claim_id":"30592bb7b5f106fb1dde166cfaa64a3b01c54a6d","claim":"Kodiak AI, Inc.: Adopted a new Code of Business Conduct and Ethics (effective 2025-09-24).","evidence_excerpt":"on September 24, 2025, the Board considered and adopted a new Code of Business Conduct and Ethics","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853138/000119312525225299/0001193125-25-225299-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"code of ethics"},{"label":"Effective","value":"2025-09-24"}],"fact_type":"governance_change"},{"claim_id":"56388ddd03533888147ae5c1ccd76fdfb4bc8667","claim":"Kodiak AI, Inc.: Adopted new bylaws and waived certain lock-up restrictions therein (effective 2025-09-24).","evidence_excerpt":"the Company adopted a certificate of incorporation and bylaws","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853138/000119312525225299/0001193125-25-225299-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2025-09-24"}],"fact_type":"governance_change"},{"claim_id":"8673e0a7642f61c24299814db3439c7b380ed678","claim":"Kodiak AI, Inc.: Adopted new certificate of incorporation in connection with domestication from Cayman Islands to Delaware (effective 2025-09-24).","evidence_excerpt":"the Company adopted a certificate of incorporation and bylaws","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853138/000119312525225299/0001193125-25-225299-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-09-24"}],"fact_type":"governance_change"},{"claim_id":"8998b7b0c9dd15f60e70063b6c442108da3fa25d","claim":"Kodiak AI, Inc.: Company ceased to be a shell company upon consummation of business combination (effective 2025-09-24).","evidence_excerpt":"the Company ceased to be a shell company (as defined in Rule 12b-2 of the Exchange Act) as of the Closing","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853138/000119312525225299/0001193125-25-225299-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"shell status"},{"label":"Effective","value":"2025-09-24"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}