Company: KII
Filing Date: 2025-09-18
Form Type: S-1
Source: 0001213900-25-088883
Chunk: 233

Company: K2 Capital Acquisition Corp
Filing Date: 2025-09-18
Form: S-1
Chunk 233
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 restricted Class A shares if the underwriters’ over -allotmentoption is exercised in full) in a private placement that will close simultaneously with the closing of this offering. Subject to the consummation of the Private Placements, the sponsor will distribute 850,000 (or 925,000 if the underwriters’ over -allotmentoption is exercised in full) founder shares for a nominal purchase price to the Private Placement Investor. The private placement units and the Class A ordinary shares issuable upon exercise of the private placement rights may not, subject to certain limited exceptions, be transferred, assigned or sold by our sponsor until 180 days after the completion of our initial business combination and the restricted Class A shares will not be transferable assignable or salable until 90 days after the completion of our initial business combination. As described in “Proposed Business — Sourcing of Potential Business Combination Targets” and “Management — Conflicts of Interest,” if any of our officers or directors becomes aware of a business combination opportunity which is suitable for one or more entities to which he or she has fiduciary, contractual or other obligations or duties, he or she will honor these obligations and duties to present such business combination opportunity to such entities first, and only present it to us if such entities reject the opportunity and he or she determines to present the opportunity to us. Our officers and directors currently have other relevant fiduciary, contractual or other obligations or duties that may take priority over their duties to us. Our Sponsor, officers and directors or any of their respective affiliates will be reimbursed for any out -of-pocketexpenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. Our audit committee will review on a quarterly basis 153 all payments that were made by us to our sponsor, officers, directors or our or any of their respective affiliates and will determine which expenses and the amount of expenses that will be reimbursed. There is no cap or ceiling on the reimbursement of out -of-pocketexpenses incurred by such persons in connection with activities on our behalf. Commencing on the date on which our securities are first listed on Nasdaq, we will pay an amount equal to $21,000 per month to our sponsor for office space, administrative and shared personnel support services. This payment includes $6,000 per month that our sponsor will pay to Glenn C. Worman, our Chief Financial Officer, for his services as an officer of the Company. Upon completion of our initial business combination or