Company: KII
Filing Date: 2025-12-09
Form Type: S-1/A
Source: 0001213900-25-119587
Chunk: 229

Company: K2 Capital Acquisition Corp
Filing Date: 2025-12-09
Form: S-1/A
Chunk 229
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5% of our issued and outstanding shares before and after this offering. The sponsor non -managingmembers are not granted any shareholder or other rights in addition to those afforded to our other public shareholders, and will only be issued membership interests in the sponsor, with no right to control the sponsor or vote or dispose of any securities held by the sponsor, including the founder shares held by the initial shareholders. Upon the completion of this offering, our initial shareholders will beneficially own approximately 31.5% of the issued and outstanding ordinary shares (assuming no exercise of the underwriters’ option to purchase additional units and the corresponding forfeiture of 642,857 founder shares by our initial shareholders). Our initial shareholders will have the right to appoint all of our directors prior to the consummation of our initial business combination and to vote to continue our company in a jurisdiction outside the Cayman Islands prior to the completion of our initial business combination as a result of holding all of the founder shares. In addition, because of this ownership block, our initial shareholders may be able to effectively influence the outcome of all matters requiring approval by our shareholders, including amendments to our amended and restated memorandum and articles of association and approval of significant corporate transactions, including our initial business combination. If we increase or decrease the size of this offering, we will effect a capitalization or share repurchase or redemption or other appropriate mechanism, as applicable, with respect to our Class B ordinary shares immediately prior to the consummation of the offering in such amount as to maintain the ownership of our initial shareholders at 28% of the issued and outstanding ordinary shares upon the consummation of this offering. Our public shareholders may incur immediate and substantial dilution upon such adjustment. Our Sponsor will subscribe to purchase an aggregate of 303,125 private placement units of the Company for an aggregate purchase price of $2,425,000 (whether or not the underwriters’ over -allotmentoption is exercised in full) in a private placement (referred to herein as the “Private Placement”). Among the 303,125 private placement units to be purchased by our sponsor, 140,625 private placement units would be purchased indirectly by the Sponsor’s managing member and 162,500 private placement units would be purchased indirectly by the Sponsor’s non -managingmembers. We refer collectively to the units sold in the Private Placement throughout this prospectus as the “Private Placement Units.” The Private Placement Units are identical to the units sold in this offering, subject to certain limited exceptions as described in this prospect