Company: KII
Filing Date: 2025-12-10
Form Type: S-1/A
Source: 0001213900-25-120023
Chunk: 167

Company: K2 Capital Acquisition Corp
Filing Date: 2025-12-10
Form: S-1/A
Chunk 167
---
. 106

Pursuant to a letter agreement to be entered with us, each of our sponsor, directors and officers has agreed to restrictions on their ability to transfer, assign, or sell the founder shares and private placement units (and the securities included therein) as summarized in the table below.

| Subject Securities      |     | Expiration Date                                                                                                                                                                                                                                                                                                                                          |     | Persons Subject to                                                                                                                                  
 Restrictions                                                                                                                                        |     | Exceptions to Transfer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
 Restrictions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Founder Shares          |     | Earlier of one year after completion of our initial business combination; or if the closing price of our ordinary shares equals or exceeds $12.00 per Class A ordinary share (as adjusted for share sub-divisions, share dividends, reorganizations, recapitalizations and other similar transactions) for any 20 trading days within any 30-trading day |     | K2 Capital Sponsor LLC, the Sponsor’s managing and non-managing members, Karan Thakur, Alexander Tjiang, and other officers, directors and advisor. |     | Transfers permitted (i) to any officer, director, or employee of the Company, including to a family member or affiliate of such officer, director, or employee; (ii) by private sales or transfers, in each case, made in connection with the consummation of our initial business combination at prices no greater than the price at which the securities were originally purchased; (iii) in the event of our liquidation                                                                                                                         |
|                         |     | period commencing any time 150 days after completion of our initial business combination                                                                                                                                                                                                                                                                 |     |                                                                                                                                                     |     | prior to the completion of our initial business combination; (iv) by virtue of the laws of the Cayman Islands or our sponsor’s limited liability company agreement upon dissolution of our sponsor; and (v) in the event of our completion of a liquidation, merger, share exchange, reorganization or other similar transaction which results in all of our public shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property subsequent to the completion of our initial business combination |
| Private Placement Units |     | 180 days after the completion of our initial business combination                                                                                                                                                                                                                                                                                        |     | K2 Capital Sponsor LLC and its managing and non-managing members                                                                                    |     | Same as above                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

In addition, pursuant to such letter agreement, for the benefit of D. Boral Capital, we, our initial shareholders and our officers