By Freddy Sebastian
Shares of Kodiak AI rose after Soros Fund Management disclosed a 5.7% passive stake in the autonomous truck developer.
Its stock rose 8.9% to $5.96 in premarket trading Thursday.
The Securities and Exchange Commission filing shows the fund's stake is for 9.97 million shares, with the percentage calculated on 174.96 million shares outstanding.
The disclosure comes days after Kodiak completed its merger with Ares Acquisition, with its stock trading on Nasdaq.
Write to Freddy Sebastian at freddy.sebastian@wsj.com
(END) Dow Jones Newswires
October 02, 2025 09:17 ET (13:17 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.