Highest-materiality recent filing
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.
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.
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 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