secwatch.observer — SEC 8-K summary
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Issuer:     Kodiak AI, Inc. (KDK)
CIK:        0001853138
Form:       8-K
Filed at:   2025-12-31T23:59:59+00:00
Accession:  0001853138-25-000022
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kodiak AI enters $30M venture loan agreement with Horizon Technology Finance
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- Borrowed $30M on Dec 31, 2025; proceeds used to repay existing debt and for working capital/general corporate purposes.
- Interest rate is prime plus 3.50% with a 6.50% floor; interest-only payments through July 2028.
- Term loans mature Jan 1, 2030; secured by substantially all assets including intellectual property.
- Prior 2022 venture loan with Horizon was terminated in connection with this new facility.
- Commitment fee of $300K paid at closing; final payment of $1.2M due at maturity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853138/000185313825000022/0001853138-25-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853138/000185313825000022/aur-20251231.htm
  HTML page:      https://secwatch.observer/filing/0001853138-25-000022

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