Kodiak AI (NYSE: AACT) files Form 25 to remove NYSE listing

Rhea-AI Filing Summary

Kodiak AI, Inc. filed a Form 25 to remove the listing and registration of its securities from the New York Stock Exchange. The action covers its units (each consisting of one Class A ordinary share and one-half of one redeemable warrant), standalone Class A ordinary shares, and redeemable warrants exercisable for Class A ordinary shares. The notification is signed on behalf of the company by its Chief Executive Officer, Don Burnette, indicating the company believes it meets all requirements to file this form.

Positive

• None.

Negative

• Delisting and deregistration from NYSE: Kodiak AI, Inc. has initiated removal of its units, Class A ordinary shares, and redeemable warrants from listing and registration on the New York Stock Exchange, a materially adverse development for liquidity and market visibility.

Insights

Equity Markets Analyst

Kodiak AI is initiating NYSE delisting and deregistration of its listed securities.

Kodiak AI, Inc. has filed Form 25 to remove both its listing and registration of multiple security classes from the New York Stock Exchange. This includes its units, Class A ordinary shares, and redeemable warrants tied to those shares.

Form 25 is the mechanism to delist securities from an exchange and terminate registration under Section 12(b). The company certifies it meets the conditions to use this process and authorizes its Chief Executive Officer, Don Burnette, to sign the notification.

Once effective, trading of these securities on the New York Stock Exchange will cease, and the regulatory status will shift to whatever alternative arrangements the company pursues, which are not detailed in the provided excerpt.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING

AND/OR REGISTRATION UNDER SECTION 12(b)

OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number 001-41691

Issuer: Kodiak AI, Inc.

Exchange: New York Stock Exchange LLC

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address: 245 Park Avenue, 44th Floor

New York, NY 10167

Telephone number: (310) 201-4100

(Address, including zip code, and telephone number, including area code, of Issuer’s principal executive offices)

Units, each consisting of one Class A Ordinary Share, par value $.0001 per share, and one-half of one redeemable warrant Class A Ordinary Shares, par value $.0001 per share

Redeemable warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

☐ 17 CFR 240.12d2-2(a)(1)

☐ 17 CFR 240.12d2-2(a)(2)

☐ 17 CFR 240.12d2-2(a)(3)

☐ 17 CFR 240.12d2-2(a)(4)

☐ Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange.¹

☒ Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with the rules of the Exchange and the requirements of 17 CFR 240.12d2-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements of the Securities Exchange Act of 1934, Kodiak AI, Inc. (Name of Issuer or Exchange) certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2025-09-24				By		Don Burnette				Chief Executive Officer
Date						Name				Title

¹  Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

SEC 1654 (03-06) Potential persons who are to respond to the collection of information contained in this Form are not required to respond unless the Form displays a currently valid OMB control number.

FAQ

What did Kodiak AI, Inc. file on Form 25?

Kodiak AI, Inc. filed Form 25 to remove NYSE listing and registration of its securities. The filing covers its units, Class A ordinary shares, and redeemable warrants, using the process under Section 12(b) of the Securities Exchange Act of 1934.

Which Kodiak AI (AACT) securities are affected by the Form 25 filing?

The Form 25 filing covers Kodiak AI’s units, Class A ordinary shares, and redeemable warrants. The units each consist of one Class A ordinary share and one-half of one redeemable warrant, and the warrants are exercisable for Class A ordinary shares.

What does removal of listing and registration mean for Kodiak AI, Inc.?

Removal of listing and registration means Kodiak AI’s securities will cease trading on the NYSE. Form 25 under Section 12(b) is used to delist securities from an exchange and terminate their registration there.

Who signed Kodiak AI, Inc.’s Form 25 notification?

The Form 25 notification was signed by Don Burnette, Kodiak AI’s Chief Executive Officer. The company certifies it has reasonable grounds to believe it meets all requirements for filing the form under the Securities Exchange Act of 1934.

Does Kodiak AI, Inc. certify compliance with Form 25 requirements?

Yes, Kodiak AI states it has reasonable grounds to believe it meets all Form 25 requirements. The notification expressly certifies this and is executed on the company’s behalf by its Chief Executive Officer, Don Burnette.

Which exchange is Kodiak AI, Inc. removing its securities from?

Kodiak AI, Inc. is removing its securities from the New York Stock Exchange. The Form 25 identifies the New York Stock Exchange LLC as the exchange where the company’s units, Class A ordinary shares, and redeemable warrants are currently listed and registered.