Company: KII
Filing Date: 2025-09-18
Form Type: S-1
Source: 0001213900-25-088883
Chunk: 38

Company: K2 Capital Acquisition Corp
Filing Date: 2025-09-18
Form: S-1
Chunk 38
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,000 public rights and 293,750 private placement rights included in the private placement units.

17

| Appointment of directors; voting rights |     | Prior to the consummation of our initial business combination, only holders of our Class B ordinary shares will have the right to vote on the appointment or removal of directors. Holders of the Class A ordinary shares will not be entitled to vote on the appointment or removal of directors during such time. These provisions of our amended and restated memorandum and articles of association may only be amended if approved by a majority of at least 90% of our ordinary shares voting at a general meeting. With respect to any other matter submitted to a vote of our shareholders, including any vote in connection with our initial business combination, except as required by applicable law or stock exchange rule, holders of our Class A ordinary shares and holders of our Class B ordinary shares will vote together as a single class, with each share entitling the holder to one vote.                                                                                                                                                                |
| Founder shares                          |     | Our initial shareholders, including our sponsor, K2 Capital Sponsor LLC, either directly or indirectly, currently hold an aggregate of 4,928,571 founder shares acquired for an aggregate purchase price of $25,000, or approximately $0.005 per share. Our Sponsor intends to transfer an aggregate of [•] of its founder shares to our independent director nominees and certain members of our management team for their services. Subject to the consummation of the Private Placements, the sponsor will distribute 850,000 (or 925,000 if the underwriters’ over-allotment option is exercised in full) founder shares for a nominal purchase price to the Private Placement Investor. The founder shares transferred to our independent director nominees, certain members of our management team and the Private Placement Investor will not be subject to forfeiture in the event the underwriters’ over-allotment option is not exercised.                                                                                                                              |
|                                         |     | Subject to each sponsor non-managing member purchasing, through the sponsor, the private placement securities allocated to it in connection with the closing of this offering, the sponsor will issue non-managing membership interests at a nominal purchase price to the sponsor non-managing members reflecting interests in an aggregate of up to 92,500 founder shares and 231,250 restricted Class A shares held by the initial shareholders.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                                         |     | The number of founder shares issued was determined based on the expectation that the founder shares would represent 28% of