K&F Growth Acquisition Corp. II reported Q3 results driven by interest on its SPAC trust. For the quarter ended September 30, 2025, net income was $3,011,127, primarily from $3,189,092 of interest earned on investments held in the Trust Account. Year to date, net income totaled $7,527,658 on $8,073,457 of trust interest.
The Trust Account held $297,010,957 in U.S. Treasury securities as of September 30, 2025, while cash outside the trust was $711,443 and working capital was $840,390. The company has not selected a Business Combination target and continues to incur typical SPAC operating expenses.
Management disclosed that the company’s liquidity and the required liquidation timeline raise substantial doubt about its ability to continue as a going concern; public shares are redeemable if no initial Business Combination is completed within the 21‑month window ending November 6, 2026. As of November 12, 2025, there were 29,672,727 Class A ordinary shares and 9,583,333 Class B ordinary shares outstanding.