K2 Capital Acquisition closes $138 million IPO, funds placed in trust account
K2 Capital Acquisition Corp, a blank check company, consummated its initial public offering of 13,800,000 units at $10.00 per unit on January 30, 2026, generating gross proceeds of $138,000,000, all of which was deposited in a trust account for public shareholders. The company filed an audited balance sheet as of January 30, 2026 showing receipt of the offering and private placement proceeds, which sets out the trust funds available for a future business combination.
Key points
- IPO of 13,800,000 units at $10.00 per unit, including full exercise of the over-allotment option, closed January 30, 2026
- $138,000,000 of IPO and private placement proceeds deposited in the trust account for public shareholders
- Each unit has one Class A ordinary share and one-fifth of one right to receive one ordinary share upon an initial business combination
- Company has 18 months from the IPO closing to complete a business combination or redeem public shares
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.