[8-K] Ares Acquisition Corp II Reports Material Event
Ares Acquisition Corporation II (AACT) filed an 8-K reporting a proposed business combination with Legacy Kodiak that would domesticate AACT to Delaware and rename it "Kodiak AI, Inc." The filing states that upon closing each issued Class A ordinary share will convert one-for-one into common stock of the new Delaware corporation. AACT filed a definitive proxy statement/prospectus on August 29, 2025, for an extraordinary general meeting to vote on the transaction; a press release dated September 23, 2025, is furnished as Exhibit 99.1. The filing discloses Non-Redemption Warrants exercisable into 7,606,666 shares and describes exercise-price adjustment mechanics to a floor of $8.00 (and later $6.00 under certain conditions). The parties note potential additional capital raises and list customary registration rights for shares underlying the Non-Redemption Warrants.
AACT ha presentato un 8-K che annuncia una fusione proposta con Legacy Kodiak che comporterebbe la domiciliazione di AACT nel Delaware e la rinomina in Kodiak AI, Inc. Secondo la documentazione, al closing ogni azione ordinaria di Classe A emessa si convertirà 1:1 in azioni ordinarie della nuova società del Delaware. AACT ha depositato una dichiarazione definitiva di delega/prospetto il 29 agosto 2025 per una assemblea generale straordinaria volta a votare la transazione; un comunicato stampa del 23 settembre 2025 è fornito come Allegato 99.1. La documentazione indica Warrants Non-Redemption esercitabili per 7.606.666 azioni e descrive meccanismi di adeguamento del prezzo di esercizio con una soglia minima di 8,00 USD (e successivamente 6,00 USD in determinate condizioni). Le parti segnalano possibili ulteriori aumenti di capitale e riportano i diritti di registrazione abituali per le azioni sottostanti i Warrants Non-Redemption.
AACT presentó un 8-K informando sobre una posible fusión con Legacy Kodiak que domesticará a AACT en Delaware y la renombrará como Kodiak AI, Inc. La documentación indica que al cierre cada acción ordinaria de Clase A emitida se convertirá 1:1 en acciones comunes de la nueva corporación de Delaware. AACT presentó una declaración de proxy/prospecto definitivo el 29 de agosto de 2025 para una junta extraordinaria para votar la operación; un comunicado de prensa con fecha 23 de septiembre de 2025 se facilita como Exhibit 99.1. El documento revela Warrants de No Redención ejercitables por 7,606,666 acciones y describe mecanismos de ajuste del precio de ejercicio a un piso de 8,00 USD (y posteriormente 6,00 USD en ciertas condiciones). Las partes señalan posibles aumentos de capital adicionales y enumeran los derechos de registro habituales para las acciones subyacentes a los Warrants de No Redención.
AACT는 Legacy Kodiak와의 잠재적 사업 결합을 보고하는 8-K를 제출했으며, 이는 AACT를 델라웨어로 귀속시키고 Kodiak AI, Inc.로 이름을 바꿀 예정입니다. 제출에 따르면 마감 시 각 발행된 Class A 보통주는 새 델라웨어 법인의 보통주로 1대 1로 전환됩니다. AACT는 2025년 8월 29일 거래에 대한 특별주주총회에서 이를 투표하기 위한 확정 의사표시/프로스펙터스를 제출했고, 2025년 9월 23일자 보도자료가 Exhibit 99.1로 제공됩니다. 문서는 7,606,666주에 대해 행사 가능한 Non-Redemption Warrants를 공개하고, 행사가의 최저가를 8.00달러(특정 조건하에서 이후 6.00달러로 조정)로 설정하는 조정 메커니즘을 설명합니다. 양측은 추가 자본 조달 가능성을 지적하고, Non-Redemption Warrants의 기초주식에 대한 일반 등록 권리를 나열합니다.
Ares Acquisition Corporation II (AACT) a déposé un 8-K annonçant une fusion proposée avec Legacy Kodiak qui délocaliserait AACT au Delaware et la renommera Kodiak AI, Inc. Le dossier indique qu’à la clôture chaque action ordinaire de Classe A émise sera convertie 1 pour 1 en actions ordinaires de la nouvelle société du Delaware. AACT a déposé une déclaration de proxy/prospectus définitive le 29 août 2025 pour une assemblée générale extraordinaire afin de voter la transaction; un communiqué de presse daté du 23 septembre 2025 est fourni en tant qu’Exhibit 99.1. Le dépôt révèle des Warrants Non-Redemption exercitables pour 7 606 666 actions et décrit des mécanismes d’ajustement du prix d’exercice à un plancher de 8,00 USD (et plus tard 6,00 USD dans certaines conditions). Les parties notent de potentiels appels de capitaux supplémentaires et listent les droits d’enregistrement habituels pour les actions sous-jacentes aux Warrants Non-Redemption.
AACT hat eine 8-K eingereicht, die eine vorgeschlagene Geschäftsverschmelzung mit Legacy Kodiak meldet, die AACT nach Delaware domizilieren und in Kodiak AI, Inc. umbenennen würde. Die Einreichung besagt, dass bei Abschluss jede ausgegebene Class A-Ordinary-Aktie eins zu eins in Stammaktien der neuen Delaware-Gesellschaft umgetauscht wird. AACT hat am 29. August 2025 eine definitive Proxy-Statement/Prospekt für eine außerordentliche Hauptversammlung zur Abstimmung über die Transaktion eingereicht; eine am 23. September 2025 datierte Pressemitteilung ist als Exhibit 99.1 beigefügt. Die Einreichung offenbart Non-Redemption Warrants, die in 7.606.666 Aktien wandelbar sind, und beschreibt Mechanismen zur Anpassung des Ausübungspreises auf eine Untergrenze von 8,00 USD (später 6,00 USD unter bestimmten Bedingungen). Die Parteien verweisen auf potenzielle weitere Kapitalerhöhungen und listen übliche Registrierungsrechte für die Aktien unter den Non-Redemption Warrants auf.
قدمت شركة Ares Acquisition Corporation II 8-K يعلن عن اندماج تجاري مقترح مع Legacy Kodiak سيؤدي إلى توطين AACT في Delaware وإعادة تسميتها إلى Kodiak AI, Inc. تشير الوثائق إلى أنه عند الإغلاق ستتحول كل سهام Class A العادية المُصدرة بنسبة 1:1 إلى أسهم عادية في الشركة الجديدة في Delaware. قدمت AACT بيان تفويض نهائي/نشاط تعريف في 29 أغسطس 2025 للجمعية العامة غير العادية للتصويت على الصفقة؛ ويُوفر بيان صحفي بتاريخ 23 سبتمبر 2025 كمعرض 99.1. تكشف الوثائق عن Warrants Non-Redemption قابلة للممارسة إلى 7,606,666 سهماً وتصف آليات ضبط سعر الإتاحة إلى حد أدنى قدره 8.00 دولار (وفي ظروف معينة لاحقاً 6.00 دولار). وتشير الأطراف إلى احتمالية زيادة رأس المال الإضافية وتذكر حقوق تسجيل عادية للأسهم underlying Non-Redemption Warrants.
AACT 提交的 8-K 报告称与 Legacy Kodiak 的拟议业务合并将使 AACT 在特拉华州落地并更名为 Kodiak AI, Inc.。 该文件指出在完成时,发行的每股 Class A 普通股将按 1:1 转换为新特拉华公司普通股。AACT 于 2025 年 8 月 29 日就交易投票的特别股东大会提交了 definitive proxy 声明/招股书;日期为 2025 年 9 月 23 日的新闻稿作为 Exhibit 99.1 提供。 文件披露可行使的 Non-Redemption Warrants 为 7,606,666 股,并描述将行使价格下限设为 8.00 美元(在某些条件下后调整为 6.00 美元)的机制。 双方提及可能的额外资本筹集,并列出 Non-Redemption Warrants 所对应股份的常规注册权。
- Definitive proxy filed on August 29, 2025, indicating progress toward shareholder vote and regulatory review
- Clear corporate plan to domesticate and rename to Kodiak AI, Inc., simplifying post-close corporate structure
- Non-Redemption Warrants fully specified and immediately exercisable into 7,606,666 shares, with registration rights disclosed
- Potential dilution from 7,606,666 warrants and possible additional equity or equity-linked financings
- Transaction completion contingent on shareholder approvals and regulatory conditions described as risks
- Exercise-price adjustments tied to VWAP floors ($8.00 and $6.00) may reflect downside protection but also valuation sensitivity
Insights
TL;DR: The agreement effects a domestication and one-for-one share conversion, with material warrant issuance and potential follow-on financing that reshape post-close capitalization.
The filing describes a definitive Business Combination Agreement that includes domestication to Delaware and a name change to "Kodiak AI, Inc.", which is a structural corporate consolidation rather than a simple asset deal. The explicit issuance of Non-Redemption Warrants exercisable into 7,606,666 shares is a quantifiable dilution event to the post-close capitalization table. The proxy filing and furnished press release indicate the transaction is proceeding through the required shareholder approvals and SEC process. The disclosed opportunity for opportunistic additional capital means the combined company may further alter equity interests after closing; this is a common mechanism to fund operations but is material to valuation and integration planning.
TL;DR: Transaction disclosures are detailed, including registration rights and exercise-price floors, but funding and regulatory outcomes remain uncertain.
The filing provides specific disclosure on securities treatment: one-for-one conversion of Class A shares, Non-Redemption Warrants immediately exercisable into 7,606,666 shares, and exercise-price adjustment provisions with $8.00 and $6.00 floors tied to VWAP milestones. Registration rights for underlying shares are noted. The definitive proxy was mailed August 29, 2025, and shareholders are urged to review SEC filings. While these are material operational and capital-structure items, the filing also contains standard forward-looking risk disclosures about consummation, regulatory approval, and potential additional financings that could affect shareholder value.
AACT ha presentato un 8-K che annuncia una fusione proposta con Legacy Kodiak che comporterebbe la domiciliazione di AACT nel Delaware e la rinomina in Kodiak AI, Inc. Secondo la documentazione, al closing ogni azione ordinaria di Classe A emessa si convertirà 1:1 in azioni ordinarie della nuova società del Delaware. AACT ha depositato una dichiarazione definitiva di delega/prospetto il 29 agosto 2025 per una assemblea generale straordinaria volta a votare la transazione; un comunicato stampa del 23 settembre 2025 è fornito come Allegato 99.1. La documentazione indica Warrants Non-Redemption esercitabili per 7.606.666 azioni e descrive meccanismi di adeguamento del prezzo di esercizio con una soglia minima di 8,00 USD (e successivamente 6,00 USD in determinate condizioni). Le parti segnalano possibili ulteriori aumenti di capitale e riportano i diritti di registrazione abituali per le azioni sottostanti i Warrants Non-Redemption.
AACT presentó un 8-K informando sobre una posible fusión con Legacy Kodiak que domesticará a AACT en Delaware y la renombrará como Kodiak AI, Inc. La documentación indica que al cierre cada acción ordinaria de Clase A emitida se convertirá 1:1 en acciones comunes de la nueva corporación de Delaware. AACT presentó una declaración de proxy/prospecto definitivo el 29 de agosto de 2025 para una junta extraordinaria para votar la operación; un comunicado de prensa con fecha 23 de septiembre de 2025 se facilita como Exhibit 99.1. El documento revela Warrants de No Redención ejercitables por 7,606,666 acciones y describe mecanismos de ajuste del precio de ejercicio a un piso de 8,00 USD (y posteriormente 6,00 USD en ciertas condiciones). Las partes señalan posibles aumentos de capital adicionales y enumeran los derechos de registro habituales para las acciones subyacentes a los Warrants de No Redención.
AACT는 Legacy Kodiak와의 잠재적 사업 결합을 보고하는 8-K를 제출했으며, 이는 AACT를 델라웨어로 귀속시키고 Kodiak AI, Inc.로 이름을 바꿀 예정입니다. 제출에 따르면 마감 시 각 발행된 Class A 보통주는 새 델라웨어 법인의 보통주로 1대 1로 전환됩니다. AACT는 2025년 8월 29일 거래에 대한 특별주주총회에서 이를 투표하기 위한 확정 의사표시/프로스펙터스를 제출했고, 2025년 9월 23일자 보도자료가 Exhibit 99.1로 제공됩니다. 문서는 7,606,666주에 대해 행사 가능한 Non-Redemption Warrants를 공개하고, 행사가의 최저가를 8.00달러(특정 조건하에서 이후 6.00달러로 조정)로 설정하는 조정 메커니즘을 설명합니다. 양측은 추가 자본 조달 가능성을 지적하고, Non-Redemption Warrants의 기초주식에 대한 일반 등록 권리를 나열합니다.
Ares Acquisition Corporation II (AACT) a déposé un 8-K annonçant une fusion proposée avec Legacy Kodiak qui délocaliserait AACT au Delaware et la renommera Kodiak AI, Inc. Le dossier indique qu’à la clôture chaque action ordinaire de Classe A émise sera convertie 1 pour 1 en actions ordinaires de la nouvelle société du Delaware. AACT a déposé une déclaration de proxy/prospectus définitive le 29 août 2025 pour une assemblée générale extraordinaire afin de voter la transaction; un communiqué de presse daté du 23 septembre 2025 est fourni en tant qu’Exhibit 99.1. Le dépôt révèle des Warrants Non-Redemption exercitables pour 7 606 666 actions et décrit des mécanismes d’ajustement du prix d’exercice à un plancher de 8,00 USD (et plus tard 6,00 USD dans certaines conditions). Les parties notent de potentiels appels de capitaux supplémentaires et listent les droits d’enregistrement habituels pour les actions sous-jacentes aux Warrants Non-Redemption.
AACT hat eine 8-K eingereicht, die eine vorgeschlagene Geschäftsverschmelzung mit Legacy Kodiak meldet, die AACT nach Delaware domizilieren und in Kodiak AI, Inc. umbenennen würde. Die Einreichung besagt, dass bei Abschluss jede ausgegebene Class A-Ordinary-Aktie eins zu eins in Stammaktien der neuen Delaware-Gesellschaft umgetauscht wird. AACT hat am 29. August 2025 eine definitive Proxy-Statement/Prospekt für eine außerordentliche Hauptversammlung zur Abstimmung über die Transaktion eingereicht; eine am 23. September 2025 datierte Pressemitteilung ist als Exhibit 99.1 beigefügt. Die Einreichung offenbart Non-Redemption Warrants, die in 7.606.666 Aktien wandelbar sind, und beschreibt Mechanismen zur Anpassung des Ausübungspreises auf eine Untergrenze von 8,00 USD (später 6,00 USD unter bestimmten Bedingungen). Die Parteien verweisen auf potenzielle weitere Kapitalerhöhungen und listen übliche Registrierungsrechte für die Aktien unter den Non-Redemption Warrants auf.