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K2 Capital Acquisition Corporation (NASDAQ:KTWO) priced an upsized initial public offering of 12,000,000 units at $10.00 per unit, representing $120 million in gross proceeds. Each unit includes one Class A ordinary share and one right to receive one-fifth of a share upon a business combination.
Units are expected to begin trading on Nasdaq under KTWOU on January 29, 2026; shares and rights are expected to list as KTWO and KTWOR when separated. The underwriter has a 45-day option to purchase up to 1,800,000 additional units. The offering is expected to close January 30, 2026, subject to customary closing conditions.
