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 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.
Kodiak AI, Inc. files its annual report describing its autonomous trucking and defense-focused physical AI platform following its merger with Ares Acquisition Corporation II and listing on Nasdaq as KDK and KDKRW. The company’s Kodiak Driver has logged over 10,700 cumulative hours of paid driverless operations and more than 12,600 revenue loads as of December 31, 2025.
Kodiak is shifting to a Driver-as-a-Service model, licensing its virtual driver on per-vehicle or per-mile terms, starting with Atlas Energy Solutions, which committed to deploy the Kodiak Driver on 100 trucks. The company also works with major freight fleets and has recognized approximately $30 million in aggregate defense revenue from U.S. military contracts.
Kodiak reports net losses of $585.5 million, $69.5 million, and $56.9 million for 2025, 2024, and 2023, respectively, highlighting heavy investment in R&D and commercialization. As of June 30, 2025, non‑affiliate equity market value was about $559 million, with 182,555,384 shares outstanding as of March 3, 2026, and 342 employees as of year-end 2025.
Kodiak AI, Inc. reported fourth quarter and full year 2025 results that combine rapid operational scaling with very heavy losses. Q4 revenue was $1.1 million, up 37% from the prior quarter, driven by expanding deployment of its Kodiak Driver autonomous trucking platform.
For 2025, revenue totaled $3.8 million versus $14.9 million in 2024, while net loss widened sharply to $585.5 million, largely reflecting non-cash fair value changes and equity-related charges. Cash used in operating activities was $94.4 million, and free cash flow was negative $116.5 million, underscoring significant cash burn.
Operationally, Kodiak scaled to 20 fully driverless trucks with Atlas Energy Solutions, logged over 10,700 cumulative hours of paid driverless operations, signed a collaboration with Bosch, won a U.S. Marine Corps contract, refinanced $30 million of debt, and ended the year with $120.7 million in cash, cash equivalents and marketable securities.
Kodiak AI, Inc. reported fourth quarter and full year 2025 results that combine rapid operational scaling with very heavy losses. Q4 revenue was $1.1 million, up 37% from the prior quarter, driven by expanding deployment of its Kodiak Driver autonomous trucking platform.
For 2025, revenue totaled $3.8 million versus $14.9 million in 2024, while net loss widened sharply to $585.5 million, largely reflecting non-cash fair value changes and equity-related charges. Cash used in operating activities was $94.4 million, and free cash flow was negative $116.5 million, underscoring significant cash burn.
Operationally, Kodiak scaled to 20 fully driverless trucks with Atlas Energy Solutions, logged over 10,700 cumulative hours of paid driverless operations, signed a collaboration with Bosch, won a U.S. Marine Corps contract, refinanced $30 million of debt, and ended the year with $120.7 million in cash, cash equivalents and marketable securities.
Kodiak AI, Inc. reported an insider equity transaction by its Chief People Officer on 12/30/2025. The officer exercised a stock option to acquire 10,000 shares of Kodiak AI common stock at an exercise price of $0.5133 per share, increasing direct beneficial ownership of common stock to 10,000 shares.
The transaction was recorded as an option exercise (code M) linked to a stock option originally exercisable at $0.5133 and expiring on 10/30/2028. Following this exercise, the officer continues to hold 436,746 stock options. All shares acquired are subject to lockup restrictions in the company’s bylaws, and all shares under the option are fully vested and exercisable as of the reported date.
Kodiak AI, Inc. reported an insider equity transaction by its Chief People Officer on 12/30/2025. The officer exercised a stock option to acquire 10,000 shares of Kodiak AI common stock at an exercise price of $0.5133 per share, increasing direct beneficial ownership of common stock to 10,000 shares.
The transaction was recorded as an option exercise (code M) linked to a stock option originally exercisable at $0.5133 and expiring on 10/30/2028. Following this exercise, the officer continues to hold 436,746 stock options. All shares acquired are subject to lockup restrictions in the company’s bylaws, and all shares under the option are fully vested and exercisable as of the reported date.
Kodiak AI, Inc. has entered into a new senior secured term loan facility totaling $30.0 million with Horizon Technology Finance Corporation, as detailed in a Form 8-K that is incorporated into this prospectus supplement. The company borrowed the full amount on December 31, 2025, using part of the proceeds to repay existing indebtedness with the same lender and the remainder for working capital and general corporate purposes.
The Term Loans bear interest at a floating rate equal to the prime rate plus 3.50%, with the prime rate floored at 6.50%, and are interest-only through July 1, 2028, followed by 18 equal monthly payments until maturity on January 1, 2030. Kodiak AI paid a $300,000 commitment fee at closing and will owe a $1.2 million final payment at payoff, and the debt is secured by substantially all of the borrowers’ assets and governed by customary covenants and default provisions.
Kodiak AI, Inc. entered into a new senior secured venture loan and security agreement with Horizon Technology Finance Corporation, providing a term loan facility of up to $30.0 million. The company and its subsidiary Kodiak Robotics, Inc. borrowed $30.0 million on December 31, 2025, using part of the proceeds to repay existing indebtedness with the same lender and the remainder for working capital and general corporate purposes.
The loan bears interest at the prime rate plus 3.50%, with a prime floor of 6.50%. Kodiak will make interest-only payments from February 1, 2026 through July 1, 2028, then repay principal and interest in 18 equal monthly installments until the January 1, 2030 maturity date. The borrowers paid a $300,000 commitment fee and will owe a $1.2 million final payment at payoff, and may prepay subject to a 2.0% or 1.0% premium depending on timing.
The facility is secured by substantially all of the borrowers’ assets, including intellectual property, and includes customary covenants and events of default. In connection with this transaction, Kodiak terminated its prior venture loan and security agreement dated September 28, 2022 with the same lender.
Kodiak AI, Inc. entered into a new senior secured venture loan and security agreement with Horizon Technology Finance Corporation, providing a term loan facility of up to $30.0 million. The company and its subsidiary Kodiak Robotics, Inc. borrowed $30.0 million on December 31, 2025, using part of the proceeds to repay existing indebtedness with the same lender and the remainder for working capital and general corporate purposes.
The loan bears interest at the prime rate plus 3.50%, with a prime floor of 6.50%. Kodiak will make interest-only payments from February 1, 2026 through July 1, 2028, then repay principal and interest in 18 equal monthly installments until the January 1, 2030 maturity date. The borrowers paid a $300,000 commitment fee and will owe a $1.2 million final payment at payoff, and may prepay subject to a 2.0% or 1.0% premium depending on timing.
The facility is secured by substantially all of the borrowers’ assets, including intellectual property, and includes customary covenants and events of default. In connection with this transaction, Kodiak terminated its prior venture loan and security agreement dated September 28, 2022 with the same lender.