secwatch.observer — SEC 8-K summary
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Issuer:     Kodiak AI, Inc. (KDK)
CIK:        0001853138
Form:       8-K/A
Filed at:   2025-11-13T23:59:59+00:00
Accession:  0001193125-25-280453
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853138/000119312525280453/0001193125-25-280453-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853138/000119312525280453/d35465d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-280453

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