Welcome to our dedicated page for Ares Acquisition II-A SEC filings (Ticker: AACT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings associated with Ares Acquisition Corporation II (AACT) and the successor public company Kodiak AI, Inc. provide a detailed record of the SPAC business combination and the evolution of the combined entity’s capital structure. AACT’s role as a special purpose acquisition company is documented in the registration statement on Form S-4, which includes a proxy statement/prospectus for AACT shareholders and a prospectus for the securities of the combined company.
After the merger closed, Kodiak AI, Inc. became the SEC registrant, with its common stock listed on The Nasdaq Stock Market LLC under the symbol KDK. Current reports on Form 8-K and amendments on Form 8-K/A describe key events such as the consummation of the business combination, warrant adjustments that changed the exercise price and redemption trigger price of public and private placement warrants, and the entry into a senior secured term loan facility. These filings also explain how certain capital raising transactions in connection with the business combination triggered adjustments under the warrant agreement.
Registration statements on Form S-1/A for Kodiak AI, Inc. register common stock and warrants and include extensive disclosures about the company’s business, risk factors, and financial statements. Additional 8-K filings report financial results for specific periods, with press releases furnished as exhibits, and describe material definitive agreements such as venture loan and security agreements and the termination of prior debt arrangements.
On Stock Titan’s SEC filings page, users can access these documents as they appear on EDGAR and take advantage of AI-powered summaries that explain the significance of each filing. This includes highlighting how the SPAC structure of AACT transitioned into an operating public company under the KDK ticker, outlining changes to security holders’ rights, and clarifying the impact of new debt facilities and warrant adjustments on the company’s capital structure.
Kodiak AI, Inc. is registering 30,769,218 shares of Common Stock for resale by existing securityholders in a secondary offering. This includes 15,384,609 already-held shares and 15,384,609 shares issuable upon exercise of 2026 PIPE Warrants at $6.00 per share. Kodiak will not sell shares in this offering and will receive no proceeds from resales, but could receive up to about $92.3 million if all 2026 PIPE Warrants are exercised for cash. Its stock trades on Nasdaq under “KDK,” and as of May 28, 2026, the Common Stock closed at $7.11 per share and Public Warrants at $1.19. The prospectus also describes Kodiak’s autonomous trucking and defense business, its SPAC business combination, complex capital structure with multiple warrant classes and earn-out shares, and extensive operating and regulatory risks.
Kodiak AI, Inc. is registering 30,769,218 shares of Common Stock for resale by existing securityholders in a secondary offering. This includes 15,384,609 already-held shares and 15,384,609 shares issuable upon exercise of 2026 PIPE Warrants at $6.00 per share. Kodiak will not sell shares in this offering and will receive no proceeds from resales, but could receive up to about $92.3 million if all 2026 PIPE Warrants are exercised for cash. Its stock trades on Nasdaq under “KDK,” and as of May 28, 2026, the Common Stock closed at $7.11 per share and Public Warrants at $1.19. The prospectus also describes Kodiak’s autonomous trucking and defense business, its SPAC business combination, complex capital structure with multiple warrant classes and earn-out shares, and extensive operating and regulatory risks.
KODIAK AI, INC. Schedule 13G/A reports that several SIP Global entities and associated individuals together disclose beneficial interests in the company's common stock as of March 31, 2026. The filing lists aggregate holdings by each reporting person and ties the percentages to 182,555,384 shares outstanding as of March 3, 2026.
The filing attributes 2,990,929, 1,454,910, 1,117,486, and 6,979,874 shares to SIP GTF I, SIP GTO, SIP GTO 3, and SIP GTO 4 respectively, and shows shared voting and dispositive power for certain reporting persons. The Reporting Persons disclaim status as a "group."
KODIAK AI, INC. Schedule 13G/A reports that several SIP Global entities and associated individuals together disclose beneficial interests in the company's common stock as of March 31, 2026. The filing lists aggregate holdings by each reporting person and ties the percentages to 182,555,384 shares outstanding as of March 3, 2026.
The filing attributes 2,990,929, 1,454,910, 1,117,486, and 6,979,874 shares to SIP GTF I, SIP GTO, SIP GTO 3, and SIP GTO 4 respectively, and shows shared voting and dispositive power for certain reporting persons. The Reporting Persons disclaim status as a "group."
Polar Asset Management Partners Inc. reports beneficial ownership of 2,358,587 shares of Kodiak AI Inc. (Common Stock), representing 1.3% of the class. The filing states these are shares issuable upon the exercise of warrants. The statement is an amendment (Schedule 13G/A) signed by the Chief Compliance Officer on 05/15/2026.
Polar Asset Management Partners Inc. reports beneficial ownership of 2,358,587 shares of Kodiak AI Inc. (Common Stock), representing 1.3% of the class. The filing states these are shares issuable upon the exercise of warrants. The statement is an amendment (Schedule 13G/A) signed by the Chief Compliance Officer on 05/15/2026.
AAC II Holdings II LP, a 10% owner of Kodiak AI, Inc., reported acquiring additional equity and warrants. On May 8, 2026, it received 769,230 shares of Kodiak AI common stock as a grant/award transaction, bringing its direct holdings to 4,360,857 shares.
Under a subscription agreement dated May 7, 2026, AAC II Holdings II LP agreed to an aggregate subscription amount of $4,999,995, purchasing 769,230 common shares at $6.50 per share and an accompanying warrant to purchase 769,230 common shares. The warrant is initially exercisable at $6.00 per share, with anti-dilution and other adjustments, and expires on May 7, 2031.
The filing notes that various Ares-affiliated entities may be deemed to share beneficial ownership of these securities but each disclaims beneficial ownership except to the extent of its pecuniary interest.
AAC II Holdings II LP, a 10% owner of Kodiak AI, Inc., reported acquiring additional equity and warrants. On May 8, 2026, it received 769,230 shares of Kodiak AI common stock as a grant/award transaction, bringing its direct holdings to 4,360,857 shares.
Under a subscription agreement dated May 7, 2026, AAC II Holdings II LP agreed to an aggregate subscription amount of $4,999,995, purchasing 769,230 common shares at $6.50 per share and an accompanying warrant to purchase 769,230 common shares. The warrant is initially exercisable at $6.00 per share, with anti-dilution and other adjustments, and expires on May 7, 2031.
The filing notes that various Ares-affiliated entities may be deemed to share beneficial ownership of these securities but each disclaims beneficial ownership except to the extent of its pecuniary interest.
Kodiak AI, Inc. reported first‑quarter 2026 revenue of $1.8 million, up from $1.5 million a year earlier, as its Driver‑as‑a‑Service model ramped and U.S. Army work declined. The company posted net income of $26.5 million versus a $128.2 million loss, driven largely by a $64.7 million non‑cash gain from remeasuring common stock warrant liabilities and the absence of prior‑year SAFE fair value losses.
Operating performance remains deeply negative: loss from operations widened to $37.9 million as research and development, general and administrative, and truck and freight costs nearly doubled while the business scaled. Non‑GAAP loss from operations, excluding $6.0 million of stock‑based compensation, was $31.8 million.
Kodiak ended March 31, 2026 with $90.2 million in cash, cash equivalents and marketable securities, plus short‑term debt of $12.3 million and a total accumulated deficit of $827.2 million. Management expects continued losses and has raised approximately $100.0 million in a May 2026 private placement, but still projects its cash runway, including that capital, only into the second quarter of 2027 and plans to seek further financing.
Kodiak AI, Inc. reported first‑quarter 2026 revenue of $1.8 million, up from $1.5 million a year earlier, as its Driver‑as‑a‑Service model ramped and U.S. Army work declined. The company posted net income of $26.5 million versus a $128.2 million loss, driven largely by a $64.7 million non‑cash gain from remeasuring common stock warrant liabilities and the absence of prior‑year SAFE fair value losses.
Operating performance remains deeply negative: loss from operations widened to $37.9 million as research and development, general and administrative, and truck and freight costs nearly doubled while the business scaled. Non‑GAAP loss from operations, excluding $6.0 million of stock‑based compensation, was $31.8 million.
Kodiak ended March 31, 2026 with $90.2 million in cash, cash equivalents and marketable securities, plus short‑term debt of $12.3 million and a total accumulated deficit of $827.2 million. Management expects continued losses and has raised approximately $100.0 million in a May 2026 private placement, but still projects its cash runway, including that capital, only into the second quarter of 2027 and plans to seek further financing.
Kodiak AI, Inc. entered into subscription agreements for a $100 million private placement of 15,384,609 common shares at $6.50 each, with accompanying five-year warrants for 15,384,609 shares exercisable at $6.00. An affiliate of Ares Management is investing about $5 million. Kodiak plans to use the proceeds for working capital and general corporate purposes.
For the quarter ended March 31, 2026, Kodiak reported revenue of $1.8 million, up 74% quarter-over-quarter, and net income of $26.5 million driven largely by a $64.7 million non-cash gain on common stock warrants, despite a $37.9 million GAAP operating loss. Free cash flow was negative $35.0 million, and cash, cash equivalents and marketable securities totaled $90.2 million at quarter end, excluding the planned PIPE proceeds.
Operationally, Kodiak expanded its fleet to 28 customer-owned fully-driverless trucks and accumulated more than 23,500 cumulative hours of paid driverless operations, a 120% increase over the end of Q4 2025.
Kodiak AI, Inc. entered into subscription agreements for a $100 million private placement of 15,384,609 common shares at $6.50 each, with accompanying five-year warrants for 15,384,609 shares exercisable at $6.00. An affiliate of Ares Management is investing about $5 million. Kodiak plans to use the proceeds for working capital and general corporate purposes.
For the quarter ended March 31, 2026, Kodiak reported revenue of $1.8 million, up 74% quarter-over-quarter, and net income of $26.5 million driven largely by a $64.7 million non-cash gain on common stock warrants, despite a $37.9 million GAAP operating loss. Free cash flow was negative $35.0 million, and cash, cash equivalents and marketable securities totaled $90.2 million at quarter end, excluding the planned PIPE proceeds.
Operationally, Kodiak expanded its fleet to 28 customer-owned fully-driverless trucks and accumulated more than 23,500 cumulative hours of paid driverless operations, a 120% increase over the end of Q4 2025.
Kodiak AI, Inc. is calling a virtual 2026 annual stockholder meeting on June 11, 2026 at 10:00 a.m. Pacific Time via webcast at www.virtualshareholdermeeting.com/KDK2026. Stockholders will vote on electing two Class I directors, Don Burnette and Kristin Sverchek, to serve until the 2029 meeting.
They will also vote on ratifying Deloitte & Touche LLP as independent registered public accounting firm for the year ending December 31, 2026. As of the April 17, 2026 record date, 183,804,469 shares of common stock and 142,155 shares of 9.99% Series A cumulative convertible preferred stock are entitled to vote, with each preferred share carrying 104 votes on an as-converted basis.
Kodiak AI, Inc. is calling a virtual 2026 annual stockholder meeting on June 11, 2026 at 10:00 a.m. Pacific Time via webcast at www.virtualshareholdermeeting.com/KDK2026. Stockholders will vote on electing two Class I directors, Don Burnette and Kristin Sverchek, to serve until the 2029 meeting.
They will also vote on ratifying Deloitte & Touche LLP as independent registered public accounting firm for the year ending December 31, 2026. As of the April 17, 2026 record date, 183,804,469 shares of common stock and 142,155 shares of 9.99% Series A cumulative convertible preferred stock are entitled to vote, with each preferred share carrying 104 votes on an as-converted basis.
Kodiak AI, Inc. (f/k/a AACT) registered resale of up to 184,793,176 shares of Common Stock and 14,300,000 Private Placement Warrants. The prospectus covers resale by multiple Selling Securityholders of Common Stock issuable from conversions, warrant exercises, earn-out and consideration shares, and certain private placements related to the September 24, 2025 business combination and related financings.
The company will not receive proceeds from sales by the Selling Securityholders; Kodiak would receive cash proceeds only if warrants are exercised for cash, with aggregate potential proceeds of up to approximately $669.2 million assuming full cash exercise of all registered warrants at current stated exercise prices. Exercise prices include $9.28 for Public and Private Placement Warrants and an initial $12.00 for PIPE and Non-Redemption Agreement Warrants, each subject to specified VWAP-based adjustments on May 29, 2026 and August 28, 2026. The prospectus warns that substantial resale supply could depress the market price of Common Stock.
Kodiak AI, Inc. amends its Form S-1 to register 184,793,176 shares of Common Stock and 14,300,000 Private Placement Warrants for resale by identified Selling Securityholders.
The registration covers resale by multiple holder groups and also includes specific categories of shares and warrants issuable upon conversion, exercise, or vesting. The company will not receive proceeds from resale by the Selling Securityholders; however, Kodiak would receive cash proceeds if registered Warrants are exercised for cash, potentially up to $669.2 million assuming full cash exercise. Shares outstanding were 182,555,384 as of March 3, 2026.