Kodiak AI Adjusts Warrant Terms Amid Market Changes
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Kodiak AI (KDK) announced adjustments to its warrants, effective after October 20, 2025. The exercise price was reduced from $11.50 to $9.28 per share, and the redemption trigger price was lowered from $18.00 to $14.53 per share. These changes follow the issuance of Series A Cumulative Convertible Preferred Stock and warrants during a business combination with Kodiak Robotics on September 24, 2025. The current market value is $8.07 per share, with analysts rating KDK stock as a Buy and a price target of $13.00.
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