Here are the 10-Q quarterly reports from K2 Capital Acquisition Corporation Rights (KTWOR) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow KTWOR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KTWOR filings page.
K2 Capital Acquisition Corp., a Cayman Islands SPAC, completed its IPO on January 30, 2026, selling 13,800,000 units at $10.00 each for gross proceeds of $138,000,000, plus $2,615,000 from 326,875 private placement units. As of June 30, 2026, $140,007,993 (including interest) was held in a Trust Account invested in U.S. Treasury-focused money market funds.
For the three and six months ended June 30, 2026, the company reported net income of $985,152 and $1,285,964, driven by $1,228,397 and $2,007,993 of interest income on the Trust, partially offset by general and administrative expenses of $243,245 and $722,029 (including $138,700 of share-based compensation). Cash outside the Trust was $823,123, with working capital of $683,351.
Management discloses that the SPAC must consummate an initial business combination by July 30, 2027 (the Completion Window) or liquidate. Although the sponsor may provide up to $2,500,000 of Working Capital Loans, the fixed liquidation deadline, now within one year of issuance of these financial statements, raises substantial doubt about the company’s ability to continue as a going concern.
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.