Company: KII
Filing Date: 2025-09-18
Form Type: S-1
Source: 0001213900-25-088883
Chunk: 229

Company: K2 Capital Acquisition Corp
Filing Date: 2025-09-18
Form: S-1
Chunk 229
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 to the sponsor non -managingmembers, or none at all. In the event that the sponsor non -managingmembers purchase the number of units in which they have expressed an interest (either in this offering or after) and vote them in favor of our initial business combination, no affirmative votes from other public shareholders would be required to approve our initial business combination. However, because our sponsor non -managingmembers are not obligated to continue owning any public shares following the closing and are not obligated to vote any public shares in favor of our initial business combination, we cannot assure you that any of these sponsor non -managingmembers will be public shareholders at the time our shareholders vote on our initial business combination, and, if they are public shareholders, we cannot assure you as to how such sponsor non -managingmembers will vote on any business combination. Transfers of Founder Shares, Private Placement Units and Restricted Class A Shares The founder shares, private placement units, and any Class A ordinary shares issued upon conversion or exercise thereof, and restricted Class A shares each subject to transfer restrictions pursuant to lock -upprovisions in the letter agreement with us to be entered into by our initial shareholders, officers and directors. Except as described below, those lock -upprovisions provide that such securities are not transferable or salable, (1) in the case of the founder shares, until the earlier to occur of: (A) one year after completion of our initial business combination; or (B) if the closing 151 price of our ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub -divisions, share dividends, reorganizations, recapitalizations and other similar transactions) for any 20 trading days within any 30 -tradingday period commencing any time 150 days after completion of our initial business combination, (2) in the case of the private placement units, and the respective Class A ordinary shares underlying the private placement units, and private placement rights, until 180 days after the completion of our initial business combination and (3) in the case of the restricted Class A shares, until 90 days after the completion of our initial business combination. Notwithstanding the foregoing, if we complete a liquidation, merger, share exchange, reorganization or other similar transaction after our initial business combination that results in all of our public shareholders having the right to exchange their ordinary shares for cash, securities or other property, the founder shares will be released from the lock -up. Holders of founder shares and