K2 Capital prices $120 million IPO at $10 per unit

K2 Capital Acquisition Corporation priced its initial public offering of 12 million units at $10 per unit, raising $120 million. Each unit consists of one Class A ordinary share and one right to receive one-fifth of one Class A ordinary share upon completion of the company's initial business combination.

The units are expected to begin trading on the Nasdaq Global Market under the ticker symbol "KTWOU" on January 29, 2026. The Class A ordinary shares and rights will trade separately under the symbols "KTWO" and "KTWOR" once separate trading begins.

D. Boral Capital serves as the sole book-running manager for the offering. The company has granted underwriters a 45-day option to purchase up to 1.8 million additional units at the offering price to cover over-allotments.

The offering is expected to close on January 30, 2026, subject to customary closing conditions. The Securities and Exchange Commission declared the company's registration statement effective on January 28, 2026.

K2 Capital Acquisition Corporation is a special purpose acquisition company formed to pursue a merger, share exchange, asset acquisition or similar business combination with one or more businesses, according to the company's statement.

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