Company: KII
Filing Date: 2025-12-10
Form Type: S-1/A
Source: 0001213900-25-120023
Chunk: 276

Company: K2 Capital Acquisition Corp
Filing Date: 2025-12-10
Form: S-1/A
Chunk 276
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 be an amount equal to the difference between (i) the sum of the amount of cash and the fair market value of any property received in such disposition (or, if the Class A ordinary shares or rights are held as part of units at the time of the disposition, the portion of the amount realized on such disposition that is allocated to the Class A ordinary shares and rights based upon the then -fairmarket values of the Class A ordinary shares and rights included in the units) and (ii) the U.S. Holder’s adjusted tax basis in the relevant Class A ordinary shares or rights. A U.S. Holder’s adjusted tax basis in its Class A ordinary shares or rights generally will equal the U.S. Holder’s acquisition cost (that is, as discussed above, the portion of the purchase price of a unit allocated to a Class A ordinary share or a right, as the case may be) less, in the case of our Class A ordinary shares, any prior distributions treated as a return of capital, as discussed above. Any such capital gain or loss generally will be long -termcapital gain or loss if the U.S. Holder’s holding period for the Class A ordinary shares or rights, as applicable, so disposed of exceeds one year. It is unclear, however, whether the redemption rights with respect to the Class A ordinary shares described in this prospectus may be deemed to be a limitation of a shareholder’s risk of loss and suspend the running of the applicable holding period of such shares for this purpose during the period in which the U.S. Holder has redemption rights with respect to the Class A ordinary shares (i.e., the period prior to the consummation of our initial business combination). If the one -yearholding period is not satisfied, any gain on a sale or other taxable disposition of the Class A ordinary shares or rights, as applicable, would be subject to short -termcapital gain treatment and would be taxed at regular ordinary income tax rates. Long -termcapital gains recognized by non -corporateU.S. Holders may be eligible to be taxed at reduced rates. The deductibility of capital losses is subject to limitations. Redemption or Repurchase of Class A Ordinary Shares for Cash Subject to the PFIC rules discussed below, in the event that a U.S. Holder’s Class A ordinary shares are redeemed pursuant to the redemption provisions described in this prospectus under the section entitled “Description of Securities — Ordinary Shares” or if we repurchase a U.S. Holder’s Class A ordinary shares in an open market transaction (generally