K2 Capital Acquisition Corporation Announces Closing of its Upsized $138,000,000 Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Units
K2 Capital Acquisition Corporation Announces Closing of its Upsized $138,000,000 Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Units
K2 Capital Acquisition Corporation (Nasdaq: KTWOU) closed an upsized initial public offering of 13,800,000 units at $10.00 per unit, raising approximately $138,000,000, which includes full exercise of the underwriters’ option to purchase an additional 1,800,000 units.
Each unit comprises one Class A ordinary share and one right to receive one-fifth of a Class A share upon closing of the company's initial business combination. Units, Class A shares and rights trade under KTWOU, KTWO and KTWOR on Nasdaq. D. Boral Capital acted as sole book-running manager.
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Positive
$138,000,000 gross proceeds from the upsized IPO
Offering included full exercise of 1,800,000 additional units option
Units, Class A shares and rights listed on Nasdaq under KTWOU / KTWO / KTWOR
Negative
None.
News Market Reaction
+0.10%
1 alert
+0.10%News Effect
On the day this news was published, KTWOU gained 0.10%, reflecting a mild positive market reaction.
Unit tickerKTWOUUnits began trading on Nasdaq Global Market on January 29, 2026
Share and rights tickersKTWO, KTWORClass A ordinary shares and rights listed on Nasdaq
Market Reality Check
Price:$10.07Vol:Volume 478,641 is about 0...
low vol
$10.07Last Close
VolumeVolume 478,641 is about 0.06x the 20-day average of 7,882,690, indicating relatively light post-IPO trading.low
TechnicalPrice at 10.04 is slightly above the 200-day MA of 10.03, reflecting trading close to the IPO level.
Market Pulse Summary
This announcement confirms the closing of K2 Capital Acquisition Corporation’s upsized IPO of 13,800...
Analysis
This announcement confirms the closing of K2 Capital Acquisition Corporation’s upsized IPO of 13,800,000 units at $10.00 per unit, totaling $138,000,000, including the full underwriters’ option. Each unit includes a Class A ordinary share and a right to receive 1/5 of a share upon the initial business combination. Units and components listed on Nasdaq establish trading liquidity. Investors may monitor future business combination announcements and related regulatory filings as the next key catalysts.
Key Terms
initial public offering, underwriters’ option, class a ordinary share, registration statement, +4 more
8 terms
initial public offeringfinancial
"announced the closing of its upsized initial public offering of 13,800,000 units"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
underwriters’ optionfinancial
"includes the exercise in full by the underwriters of their option to purchase"
An underwriters’ option is a provision in a securities offering that lets the group selling the new shares buy a fixed extra amount (often up to 15%) from the issuer after the sale. It acts like a short-term safety valve: if demand is strong, underwriters exercise the option and supply extra shares; if the price falls, they can use the option to stabilize the market. For investors this matters because it affects how many shares come to market, potential short-term dilution, and post-offering price stability—similar to having a reserve supply to smooth out sudden swings.
class a ordinary sharefinancial
"each unit consisting of one Class A ordinary share and one right"
A Class A ordinary share is a type of common stock a company issues that carries a specific set of rights—most often particular voting power, dividend terms, or transfer rules—distinct from other share classes. For investors it matters because those rights affect control over company decisions, how income is paid out, and how easy shares are to buy or sell; think of it like a tiered ticket that gives different access and influence at the same event.
registration statementregulatory
"A registration statement on Form S-1, as amended (File No. 333-290350)"
A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.
form s-1regulatory
"A registration statement on Form S-1, as amended (File No. 333-290350)"
A Form S-1 is the registration filing a company submits to the U.S. Securities and Exchange Commission when it plans to offer stock to the public, most commonly for an initial public offering. Think of it as the company’s full disclosure packet or blueprint: it contains audited financials, business description, management background, risk factors and details of the offering, giving investors the information needed to judge the company’s financial health and potential risks before buying shares.
prospectusregulatory
"The offering is being made only by means of a prospectus."
A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.
nasdaq global markettechnical
"began to trade on the Nasdaq Global Market ("Nasdaq") under the ticker symbol"
The Nasdaq Global Market is a section of the stock exchange where larger, well-established companies are listed and publicly traded. It functions like a marketplace where investors can buy and sell shares of these companies, providing them with access to capital and opportunities for growth. Its role is important because it helps investors identify and invest in reputable companies with strong financial backgrounds.
book-running managerfinancial
"D. Boral Capital (“D. Boral”), is acting as the sole book-running manager for the offering."
A book-running manager is the lead organizer responsible for coordinating a large financial sale, such as issuing new stocks or bonds. They oversee preparing all necessary documents, setting the sale’s price, and finding buyers, much like a concert promoter arranging a major event. Their role matters to investors because they help ensure the offering is successfully sold at the best possible terms.
AI-generated analysis. Not financial advice.
NEW YORK, Jan. 30, 2026 (GLOBE NEWSWIRE) -- K2 Capital Acquisition Corporation (the "Company") today announced the closing of its upsized initial public offering of 13,800,000 units at $10.00 per unit, which includes the exercise in full by the underwriters of their option to purchase an additional 1,800,000 units, with each unit consisting of one Class A ordinary share and one right to receive one-fifth (1/5) of one Class A ordinary share at the closing of the Company’s initial business combination. The units began to trade on the Nasdaq Global Market ("Nasdaq") under the ticker symbol "KTWOU" on January 29, 2026, and the Class A ordinary shares and rights were listed on Nasdaq under the symbols "KTWO" and "KTWOR," respectively.
D. Boral Capital (“D. Boral”), is acting as the sole book-running manager for the offering. Loeb & Loeb LLP is serving as legal advisor to the Company. Freshfields US LLP is serving as legal advisor to D. Boral.
A registration statement on Form S-1, as amended (File No. 333-290350) (the "Registration Statement") relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on January 28, 2026. The offering is being made only by means of a prospectus. Copies of the final prospectus relating to this offering may be obtained from D. Boral Capital, 590 Madison Ave 39th floor, New York, NY 10022, by email at dbccapitalmarkets@dboralcapital.com, or by accessing the SEC's website, www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About K2 Capital Acquisition Corporation
K2 Capital Acquisition Corporation is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the anticipated use of the net proceeds. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
How much did K2 Capital Acquisition Corporation (KTWOU) raise in its January 2026 IPO?
K2 Capital raised approximately $138,000,000 from the upsized IPO. According to the company, the offering comprised 13,800,000 units at $10.00 each, including the underwriters' full 1,800,000-unit option exercise.
What did each KTWOU unit include in the IPO announced January 30, 2026?
Each unit included one Class A ordinary share and one right to receive one-fifth of a Class A share. According to the company, the right vests at the closing of the initial business combination.
When did KTWOU units begin trading on Nasdaq and what are the tickers?
K2 Capital's units began trading on Nasdaq on January 29, 2026 under KTWOU. According to the company, Class A shares and rights were listed under KTWO and KTWOR, respectively.
Who managed the KTWOU offering and which legal advisors were involved?
D. Boral Capital served as the sole book-running manager for the offering. According to the company, Loeb & Loeb LLP advised the company and Freshfields US LLP advised D. Boral.
Was the KTWOU offering declared effective by the SEC and where can the prospectus be found?
Yes; the Registration Statement was declared effective by the SEC on January 28, 2026. According to the company, the final prospectus is available from D. Boral Capital or on the SEC's website at www.sec.gov.
