Company: KII
Filing Date: 2025-09-18
Form Type: S-1
Source: 0001213900-25-088883
Chunk: 103

Company: K2 Capital Acquisition Corp
Filing Date: 2025-09-18
Form: S-1
Chunk 103
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 and private placement securities or membership interests in our sponsor in a transaction in which the sponsor removes itself as our sponsor before identifying a business combination, which may deprive us of key personnel. While there is no current intention to do so, and the members of our management team and sponsor have not done so with any previously formed special purpose acquisition companies, we may approve an amendment or waiver of the letter agreement that would allow the sponsor to directly, or members of our sponsor to indirectly, transfer founder shares and private placement shares or membership interests in our sponsor in a transaction in which the sponsor removes itself as our sponsor before identifying a business combination. As a result, there is a risk that our sponsor and our officers and directors may divest their ownership or economic interests in us or in our sponsor, which would likely result in our loss of certain key personnel, including Karan Thakur, Alexander Tjiang, and Glenn Worman. There can be no assurance that any replacement sponsor or key personnel will successfully identify a business combination target for us, or, even if one is so identified, successfully complete such business combination. The sponsor non-managing members have expressed an interest to purchase substantially all of the units in this offering, which could reduce the trading volume, volatility and liquidity for our shares, adversely affect the trading price of our shares. The sponsor non -managingmembers and the Private Placement Investor have expressed to us an interest in purchasing up to an aggregate of approximately $ million of the units in this offering at the offering price (assuming the exercise in full of the underwriters’ over -allotmentoption). While there is no limit on the number of units that may be purchased by any of the sponsor non -managingmembers, none of the sponsor non -managingmembers has expressed to us an interest in purchasing more than 9.9% of the units to be sold in this offering. Because these expressions of interest are not binding agreements or commitments to purchase, each of the sponsor non -managingmembers may determine to purchase fewer or no units in this offering or the underwriters may determine to sell fewer or no units to the sponsor non -managingmembers. Depending on how many units are purchased by the sponsor non -managingmembers, the post -offeringtrading volume, volatility and liquidity of our securities may be reduced relative to what they would have been had the units been more widely offered and sold to other public investors. Although we have no knowledge of any affiliation or other agreement or arrangement, as to voting of our securities