XML 138 R19.htm IDEA: XBRL DOCUMENT
v3.25.3

Warrant Liabilities | 9 Months Ended
--- | ---
Sep. 30, 2025
Warrant Liabilities [Abstract] |
Warrant Liabilities | 9. Warrant Liabilities Common Stock Warrant Liabilities As of September 30, 2025, the Company had the following liability classified warrants to purchase shares of its common stock outstanding (in thousands, except exercise price per share):
|  | Shares Underlying Warrants |  |  | Exercise Price Per Share |  |  | Expiration Date |
PIPE Warrants |  |  | 17,769 |  |  | $ | 12.00 |  |  |  | 9/24/2031 |
NRA Warrants |  |  | 7,607 |  |  | $ | 12.00 |  |  |  | 9/24/2031 |
Total outstanding |  |  | 25,376 |  |  |  |  |  |  |  |  |
PIPE Warrants At the Closing, and in connection with a financing transaction (see Note 10), the Company issued PIPE Warrants to purchase shares of its common stock that were immediately exercisable upon issuance. The PIPE Warrants are subject to standard anti-dilution provisions, a reset of the exercise price six and nine months after the Closing Date based on the trailing 45-day VWAP of the Company’s stock as well as down-round provisions that provide for adjustments upon the expiration or termination of certain Company securities. As a result of the down-round provisions, which may result in adjustments triggered by events that are not an input into the fair value model, the PIPE Warrants did not meet the requirements for equity classification and were therefore classified as liabilities, subject to remeasurement each reporting period (see Note 4). Non-Redemption Agreement Warrants The NRA Warrants have substantially the same terms as the PIPE Warrants, including the standard anti-dilution provisions, a reset of the exercise price as well as down-round provisions that provide for adjustments upon the expiration or termination of certain Company securities as described above. Similarly, the NRA Warrants did not meet the requirements for equity classification and were therefore classified as liabilities, subject to remeasurement each reporting period (see Note 4). Legacy Kodiak Warrant Liabilities—Redeemable Convertible Preferred Stock Warrants At the Closing, certain Legacy Kodiak warrants to purchase shares of redeemable convertible preferred stock that had previously been issued were net settled, resulting in the issuance of 614,799 shares of Kodiak common stock. In addition, certain Legacy Kodiak warrants to purchase shares of redeemable convertible preferred stock were assumed by the Company and became 558,559 shares to purchase its common stock, or the Assumed Kodiak Warrants (see Note 11). Upon the Closing, the Kodiak Assumed Warrants were remeasured and reclassified to equity as it met the criteria for equity classification.

X
- References No definition available. + Details
Name: | kdk_WarrantLiabilitiesAbstract
Namespace Prefix: | kdk_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Warrant liabilities. + References No definition available. + Details
Name: | kdk_WarrantLiabilitiesTextBlock
Namespace Prefix: | kdk_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration