---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-280453"
form_type: "8-K/A"
ticker: "KDK"
cik: "0001853138"
company_name: "Kodiak AI, Inc."
filed_at: "2025-11-13T23:59:59+00:00"
generated_at: "2026-05-16T20:34:44.847456+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kodiak AI pro forma shows $210.8M loss from SPAC merger adjustments

## Summary
- $170.6M loss recorded on Preferred Stock and PIPE Warrants with fair value $315.6M exceeding $145M consideration.
- $37.0M loss on Non-Redemption Warrants and $3.2M loss on Non-Redemption Shares issued for no consideration.
- Business combination closed Sep 24, 2025; Kodiak Robotics became wholly owned sub of Kodiak AI f/k/a AACT.
- PIPE investors bought $60M common stock; Preferred investors bought $145M Preferred Stock and PIPE Warrants.
- Up to 75M Earn Out Securities and SPAC Sponsor Earn Out Securities vest upon stock price triggers.

## SEC filing metadata
- accession: 0001193125-25-280453
- form_type: 8-K/A
- ticker: KDK
- cik: 0001853138
- company_name: Kodiak AI, Inc.
- filed_at: 2025-11-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1853138/000119312525280453/0001193125-25-280453-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1853138/000119312525280453/d35465d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-280453
- JSON: https://secwatch.observer/filing/0001193125-25-280453.json
- Plain text: https://secwatch.observer/filing/0001193125-25-280453.txt

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