Kodiak AI Raises $100M At A Steep Discount, Sending Its Stock Tumbling 37%

Kodiak AI Raises $100M At A Steep Discount, Sending Its Stock Tumbling 37%

Kodiak AI stock took a sharp hit after the autonomous trucking company announced a $100 million fundraising round priced far below its public market valuation. Investors reacted quickly, sending shares down 37% in after-hours trading as concerns grew over cash burn, profitability, and the long road to commercial self-driving trucking. Despite the market shock, the company says it remains on track to launch fully driverless highway operations later this year. Kodiak AI’s Discounted Funding Deal Sparks Investor Panic Self-driving truck startup Kodiak AI stunned investors after revealing that it raised $100 million through a discounted share offering. The company sold shares at $6.50 each, significantly lower than its previous closing price of $9.10, immediately triggering fears about the company’s financial position and future growth outlook. The financing package also included warrants that allow investors to purchase additional shares later at prices as low as $6. While the raise provide…