Highest-materiality recent filing
Kodiak AI raises CEO base salary to $525K, grants $7M RSU; CFO/COO salaries increased to $450K each
CEO Don Burnette base salary increased from $425K to $525K; bonus opportunity raised to 100% of salary.
Kodiak AI shareholders reelect Burnette, Sverchek as directors; ratify Deloitte auditor
Don Burnette elected with 132,630,705 votes for, 89,913 withheld; 2,294,131 broker non-votes.
Kodiak AI reports Q1 revenue $1.8M (+74% QoQ), announces $100M PIPE financing
Q1 revenue of $1.8M, up 74% QoQ; net cash used in operations $29.5M.
Kodiak AI Q4 revenue $1.1M (+37% QoQ); driverless trucks doubled to 20
Q4 revenue $1.1M, up 37% sequentially; net cash used in ops $24.2M.
Kodiak AI enters $30M venture loan agreement with Horizon Technology Finance
Borrowed $30M on Dec 31, 2025; proceeds used to repay existing debt and for working capital/general corporate purposes.
Kodiak AI pro forma shows $210.8M loss from SPAC merger adjustments
$170.6M loss recorded on Preferred Stock and PIPE Warrants with fair value $315.6M exceeding $145M consideration.
Kodiak AI Q3: driverless fleet doubles to 10 trucks, paid driverless hours up 166%
Deployed 10 fully driverless trucks (up 100% QoQ); cumulative paid driverless hours topped 5,200 (+166%).
Kodiak AI adjusts warrant exercise price to $9.28 and redemption trigger to $14.53
Warrant exercise price reduced from $11.50 to $9.28 per share, effective Oct 20, 2025.
Kodiak AI updates pro forma; Preferred & PIPE Warrant fair value exceeds consideration by $170.5M
Business combination with AACT closed Sept 24, 2025; Legacy Kodiak holders received ~$2.5B / ~$11.45 per share.
Kodiak AI closes merger with Kodiak Robotics; $205M raised in PIPE and preferred
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.
AACT raises over $275M for Kodiak merger; redemptions total $502M, trust assets ~$63M
Total capital raised over $275M includes ~$212.5M from institutional investors and ~$62.9M in trust after redemptions.
Shareholders voted 36.4M for and 4.0M against the business combination proposal.
AACT secures $145M Series A Preferred Investment for Kodiak business combination
Preferred investors commit $145M for Series A Cumulative Convertible Preferred Stock with 9.99% dividend rate (PIK) or 7.99% cash.
AACT/Kodiak investor presentation; no new financial details disclosed
Investor presentation dated August 25, 2025 filed; references $100M PIPE investment but no updated projections.
Ares Acquisition Corp II files investor presentation for Kodiak Robotics business combination
AACT furnished an investor presentation dated July 28, 2025 as Exhibit 99.1 to an 8-K regarding its proposed business combination with Kodiak Robotics.
Investor presentation furnished for AACT-Kodiak deal; no specific new details in available text.
Exhibit 99.1 contains only legal disclaimers and forward-looking statements, not the actual presentation content.
AACT secures up to $2M working capital loan from sponsor for Kodiak Robotics merger costs
Working capital loan from Ares Acquisition Holdings II LP for up to $2,000,000.
Investor presentation dated June 4, 2025 was furnished under Rule 425, but only a cover slide with disclaimer was appended.
Ares Acquisition Corp II extends deadline to Jan 2026; Sponsor converts shares, $7.1M redeemed
Shareholders approved extension of business combination deadline from Apr 25, 2025 to Jan 26, 2026.
Holders of 640,288 Class A ordinary shares (approx. 1.3% of public shares) exercised redemption rights in connection with the extension vote.
AACT sponsor to fund monthly trust deposits for extension to Jan 26, 2026; shareholder vote April 22
Sponsor to deposit $0.02 per outstanding Class A share into trust monthly from April 25, 2025 until deal close or Jan 26, 2026.
Ares Acquisition Corp II to combine with Kodiak Robotics at $2.5B equity value
Implied equity value of $2.5B; Kodiak stockholders to receive shares of New Kodiak Common Stock.
Ares Acquisition Corp II appoints David G. Hirz as independent director
David G. Hirz appointed director effective July 18, 2023; serves on audit, compensation, and nominating committees.
Ares Acquisition II units separable into shares/warrants as of June 12
Holders of 50M units from IPO (April 25, 2023) may elect to separate into Class A ordinary shares and warrants.
Ares Acquisition Corp II appoints Brad Coleman as new independent director effective June 9, 2023
Brad Coleman appointed to board, audit, compensation, and nominating committees.
Ares Acquisition Corp II completes $500M IPO and $14.3M private placement
Consummated IPO of 50M units at $10.00 each, including 5M over-allotment units, for gross proceeds of $500M.
Ares Acquisition Corp II closes $500M IPO; $505M deposited into trust for business combination
IPO of 50M units at $10/unit, each unit consisting of one Class A ordinary share and one-half redeemable warrant.
On July 18, 2023, Ares Acquisition Corporation II (the “Company”) appointed David G. Hirz as a new director of the Company.
On June 9, 2023, Ares Acquisition Corporation II (the “Company”) appointed Brad Coleman as a new director of the Company.
Max materiality 0.95 · Median 0.65 · Most common event other_material