Company: KII
Filing Date: 2025-12-10
Form Type: S-1/A
Source: 0001213900-25-120023
Chunk: 232

Company: K2 Capital Acquisition Corp
Filing Date: 2025-12-10
Form: S-1/A
Chunk 232
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 dispose of any securities held by the sponsor, including the founder shares and the private placement units held by the sponsor. The interests of the members of the Sponsor are denominated in two classes of membership interest units: (i) Class A membership units representing interests in the private placement units on a one -for-onebasis, and (ii) Class B membership units that will represent an interest in the founder shares on a one -for-onebasis. All members of the sponsor, including the managing member of the sponsor, and any sponsor non -managingmember that may join the sponsor concurrently with this offering, will hold classes of membership units representing their proportional interest in the founder shares and private placement units, respectively. Pursuant to an agreement of all members of the sponsor, the management and control of the sponsor is vested exclusively with the managing member of the sponsor, without any voting, veto, consent or other participation rights by any sponsor non -managingmembers regardless of their unit ownership. As a result of this management structure, sponsor non -managingmembers will have no right to control the sponsor, or participate in any decision regarding the disposal of any security held by the sponsor, or otherwise. Further, the sponsor non -managingmembers are not required to (i) hold any units, Class A ordinary shares, public units or rights they may purchase in this offering or thereafter for any amount of time, or enter into a lock -upagreement with us or the underwriters with respect to any units, Class A ordinary shares or public units, (ii) vote any Class A ordinary shares they may own at the applicable time in favor of our initial business combination or (iii) refrain from exercising their right to redeem their public shares at the time of our initial business combination. The sponsor non -managingmembers will have the same rights to the funds held in the trust account with respect to the Class A ordinary shares underlying the units they may purchase in this offering as the rights afforded to our other public shareholders. However, if the sponsor non -managingmembers purchase any of the units for which they have expressed an interest in purchasing, then the sponsor non -managingmembers will potentially have different interests than our other public shareholders in approving our initial business combination and otherwise exercising their rights as public shareholders because of their indirect ownership of founder shares and private placement units as further discussed in this prospectus. There can be no assurance that the sponsor non -managingmembers will acquire any units, either directly or indirectly, in this offering, or as to the