Kodiak AI stock falls below $5 by June 2026

The steep discount in the $100M raise signals investor skepticism about Kodiak AI's valuation. With a high burn rate and recent stock decline, further downward pressure is likely if revenue growth does not accelerate. The stock closed at $9.10 before the raise; a drop below $5 would reflect a 45% decline from the pre-raise price.

Implied probability (Yes)

70%