K2 Capital Acquisition Corp ownership update: Harraden Circle entities and Frederick V. Fortmiller, Jr. report they no longer beneficially own shares of Class A Common Stock. The filing states amount beneficially owned: 0 and percent of class: 0%. The amendment is described as an exit filing and is signed by Mr. Fortmiller on 05/14/2026.
K2 Capital Acquisition Corp. is a newly formed blank check company that completed its initial public offering on January 30, 2026, selling 13,800,000 units at $10.00 each and placing $138,000,000 into a Trust Account. As of March 31, 2026, that Trust Account had grown to $138,779,596 from interest, while cash held outside the trust totaled $990,067 for working capital.
For the quarter, K2 reported net income of $300,812, driven by $779,596 of interest on Trust investments, offset by $478,784 of general and administrative expenses, including share-based compensation. The company has not yet begun operating a business and is focused on identifying a target for a future business combination within its 18‑month completion window.
Management believes current cash plus potential sponsor Working Capital Loans are sufficient for at least one year, while highlighting macro risks such as geopolitical conflicts, tariffs and a potential 1% U.S. excise tax on share redemptions that could affect its ability to close a deal or the economics of a future transaction.
K2 Capital Acquisition Corp. ownership disclosure: Aristeia Capital, L.L.C. reports beneficial ownership of 1,000,000 Class A ordinary shares, representing 7.08% of the outstanding shares. The percentage is based on 14,126,875 shares outstanding as of March 24, 2026. The filing is a Schedule 13G signed by Andrew B. David on May 14, 2026.
K2 Capital Acquisition Corp. files its annual report as a newly formed blank check company. It completed an IPO of 13,800,000 units at $10.00 each, raising $138,000,000 and placing the proceeds in a trust account for a future business combination.
The SPAC has up to 18 months after its January 30, 2026 IPO closing to complete an initial business combination or redeem public shares and liquidate. It plans to target Physical AI, small modular nuclear reactor ventures, and European technology companies, highlighting detailed redemption, voting, and liquidation mechanics.