Company: KII
Filing Date: 2025-09-18
Form Type: S-1
Source: 0001213900-25-088883
Chunk: 10

Company: K2 Capital Acquisition Corp
Filing Date: 2025-09-18
Form: S-1
Chunk 10
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 to allocate the units to investors and may determine to sell a different number of units to the sponsor non -managingmembers or the Private Placement Investor, including above 9.9% or none at all. None of the sponsor non -managingmembers have any obligation to vote any of their public shares in favor of our initial business combination. Nevertheless, the sponsor non -managingmembers may have different interests than other public shareholders and may be incentivized to vote any of their public shares in favor of a business combination due to their indirect ownership in the founder shares, private placement units and restricted Class A shares. The sponsor non -managingmembers will also hold membership units representing their proportional interest in the restricted Class A shares. For a discussion of certain additional arrangements with the sponsor non -managingmember, see “ Summary — The Offering — Expressions of Interest.” Commencing on the date on which our securities are listed on Nasdaq, we will pay our sponsor $21,000 per month for office space, administrative and shared personnel support services. See “Summary — Our Sponsor” on page 4 for more information.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. In the event that following this offering we obtain working capital loans from our sponsor to finance transaction costs related to our initial business combination, up to $2,500,000 of such loans may be convertible into private units of the post -businesscombination entity at a price of $10.00 per unit at the option of our sponsor. In addition, after the completion of this offering, our board of directors may approve additional working capital loans from our sponsor or third parties for the purpose of funding working capital, which loans may be converted into our private units. Because our initial shareholders, either directly or indirectly, acquired the founder shares at a nominal price, our public shareholders will incur immediate and substantial dilution upon the closing of this offering. Additionally, the Class A ordinary shares issuable in connection with the conversion of the founder shares may result in material dilution to our public shareholders due to the anti -dilutionrights of our founder shares that may result in an issuance of Class A ordinary shares on a greater than one -to-onebasis upon conversion. Further,

the Class A ordinary shares issuable in connection with the exercise of the private placement rights, as well as any Class A ordinary shares issued in connection with conversion of working capital loans (as described