Kodiak AI, Inc. Common Stock

Kodiak AI plans to make IKEA Supply its first customer for driverless long-haul freight service by the end of this year. The planned launch would remove the safety observer from the cab on a 219-mile leg, primarily along Interstate 45 between Kodiak's Houston and Dallas-area facilities, a key segment of an existing 292-mile route from IKEA's Baytown distribution center to its Frisco store. The announcement builds on four years of supervised autonomous deliveries for IKEA, during which Kodiak says it has carried more than 1,300 loads and logged over 750K miles with a safety observer aboard. Kodiak began its long-haul launch program in August and said its trucks now complete runs between Lancaster, Texas, and Houston without the observer intervening, though the company must finish its highway safety case before removing the observer. Kodiak AI was founded in 2018 and developed the Kodiak Driver, an autonomous-driving system for trucks and other vehicles; the Mountain View, California-based company went public on September 25, 2025, when its shares began trading on Nasdaq following a SPAC transaction with Ares Acquisition Corporation II. Shares of Kodiak AI were up 1.8% in premarket trading after peeling off 13.0% on Thursday.