# EDGAR Filing Document

**Accession Number:** 0001747286
**File Stem:** 0000000000-25-008391
**Filing Date:** 2025-8
**Character Count:** 8827
**Document Hash:** dd46d0ea2ddf49d38342af02c4fb2058
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-008391.hdr.sgml**: 20260701

**ACCESSION NUMBER**: 0000000000-25-008391

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250811

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kodiak AI, Inc.
- **CENTRAL INDEX KEY:** 0001853138
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 333-287278

**BUSINESS ADDRESS:**
- **STREET 1:** 1049 TERRA BELLA AVENUE
- **CITY:** MOUNTAIN VIEW
- **STATE:** CA
- **ZIP:** 94043
- **BUSINESS PHONE:** 650-209-8005

**MAIL ADDRESS:**
- **STREET 1:** 1049 TERRA BELLA AVENUE
- **CITY:** MOUNTAIN VIEW
- **STATE:** CA
- **ZIP:** 94043

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Kodiak Al, Inc.
- **DATE OF NAME CHANGE:** 20250924

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Ares Acquisition Corp II
- **DATE OF NAME CHANGE:** 20210324
**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kodiak Robotics, Inc.
- **CENTRAL INDEX KEY:** 0001747286
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 825086710
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 333-287278

**BUSINESS ADDRESS:**
- **STREET 1:** 1049 TERRA BELLA AVENUE
- **CITY:** MOUNTAIN VIEW
- **STATE:** CA
- **ZIP:** 94043
- **BUSINESS PHONE:** (781) 626-2729

**MAIL ADDRESS:**
- **STREET 1:** 1049 TERRA BELLA AVENUE
- **CITY:** MOUNTAIN VIEW
- **STATE:** CA
- **ZIP:** 94043
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001193125-25-119920

## Text-Extract

```

                                                             August 11, 2025

David Kaplan
Chief Executive Officer
Ares Acquisition Corporation II
245 Park Avenue, 44th Floor
New York, NY 10167

Don Burnette
Chief Executive Officer
Kodiak Robotics, Incorporated
1049 Terra Bella Avenue
Mountain View, CA 94043

       Re: Ares Acquisition Corporation II
           Kodiak Robotics, Incorporated
           Amendment No. 2 to Registration Statement on Form S-4
           Filed July 28, 2025
           File No. 333-287278
Dear David Kaplan and Don Burnette:

     We have reviewed your amended registration statement and have the
following
comments.

        Please respond to this letter by amending your registration statement
and providing
the requested information. If you do not believe a comment applies to your
facts and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.

       After reviewing any amendment to your registration statement and the
information
you provide in response to this letter, we may have additional comments. Unless
we note
otherwise, any references to prior comments are to comments in our July 16,
2025 letter.

Amendment No. 2 to Registration Statement on Form S-4
Cover Page

1.     We note from your response to prior comment 1 that you expect the
Exchanged
       Kodiak Option holders will exercise their options prior to expiration
given a vast
       majority are significantly in-the-money. Please revise footnote (3) to
the table to
 August 11, 2025
Page 2

      explain that you expect all Exchanged Kodiak Options will have an
exercise price
      significantly less than the Redemption Price such that you believe it is
probable option
      holders will exercise these options. Similar revisions should be made
throughout the
      filing wherever these options are included in total shares outstanding
following the
      Business Combination, including on pages xxii, xxxi, 3, 4, 8, 30 and 158.
2.    Please revise your cover page to disclose, in tabular format, the price
paid or to be
      paid for securities issued or to be issued to the SPAC sponsor and its
affiliates in
      connection with the de-SPAC transaction or any related financing
transaction. Refer
      to Item 1604(a)(3) of Regulation S-K.
Summary of the Proxy Statement/Prospectus
Dilution, page 5

3.    Please explain the reference to footnote (4) in the "Anticipated
transaction expenses to
      be incurred by AACT" line item of the numerator adjustments table on page
6 or
      revise to remove. In addition, explain why the transaction expense
adjustment changes
      based on the redemption levels given you state in response to prior
comment 8 that
      such expenses include $12.9 million of investment advisory fees and $8.5
million in
      legal fees.
4.    We note you include an adjustment to the numerator for "Contributions to
AACT
      Trust Account." Considering the contribution obligations will be
reimbursed as
      reflected in pro forma adjustment (C6), please revise to also reflect the
repayment of
      such obligation or remove this line item from your reconciliation.
5.    We note you include an adjustment to the numerator of your net tangible
book value
      calculations for "Incremental accrued interest on Trust Account," which
appears to
      reflect interest earned after March 31, 2025. Please revise to remove
this adjustment
      as it does not appear to meet the definition of a probable or consummated
transaction
      for purposes of this disclosure as outlined in Section II.D.3 (page 104)
of SEC Release
      33-11265. Further, it appears this adjustment is not appropriate as it
reflects income
      earned but no other operating activity that occurred after the balance
sheet date.
Notes to Unaudited Pro Forma Condensed Combined Financial Information
Note 3 - Pro Forma Adjustments
Pro Forma Adjustments to Unaudited Pro Forma Condensed Combined Balance Sheet,
page
239

6.    We note your response to prior comment 8. Please revise to separately
disclose the
      amount and nature of the transaction expenses related to each of AACT and
Legacy
      Kodiak as provided in your response. Additionally, disclose the amount of
any
      transaction costs incurred by AACT that are already reflected in the
historical
      financial statements. Finally, we note your conclusion not to include a
pro forma
      income statement adjustment to add transaction costs incurred or to be
incurred by
      AACT after the historical period based on the guidance in SAB Topic 5.A
and the
      speech referenced in your response. However, costs incurred by the
registrant after the
      historical periods should be reflected as a pro forma expense as if the
adjustments
      were made at the beginning of the fiscal year presented. Please revise
accordingly.
 August 11, 2025
Page 3
Kodiak Robotics, Inc.
Notes to Condensed Financial Statements (unaudited)
Note 16. Subsequent Events, page F-98

7.     It appears from your response to prior comment 1 that additional Legacy
Kodiak
       Options were granted after the most recent balance sheet date of March
31, 2025.
       Please revise to include a discussion of such grants and the associated
compensation
       expense, if material. Refer to ASC 855-10-50-2. In your response, tell
us how the
       pending Business Combination Agreement factored into your valuation of
the
       underlying common stock used in determining the fair value of the
options granted
       since March 31, 2025 and provide us with the underlying share fair value
and exercise
       price used in your Black-Scholes calculations for such grants.
General

8.     You state in your response to comment 1 in your June 30, 2025, letter
that you will
       continue to evaluate the potential incremental PIPE Investment and will
ensure that
       the final Form S-4 presentations reflect the current facts and
expectations at the time
       of effectiveness. Please tell us the current status of the remaining
expected $40.0
       million PIPE Subscriptions. To the extent you are unable to obtain the
additional
       financing prior to effectiveness, ensure you revise your ownership
tables throughout
       the filing to reflect only the committed subscriptions, which currently
appears to be
       $60.0 million.

        Please contact Brittany Ebbertt at 202-551-3572 or Kathleen Collins at
202-551-3499
if you have questions regarding comments on the financial statements and
related
matters. Please contact Marion Graham at 202-551-6521 or Jan Woo at
202-551-3453 with
any other questions.

                                                             Sincerely,

                                                             Division of
Corporation Finance
                                                             Office of
Technology
cc:   Philippa Bond

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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