Shaolin Capital discloses 750,000-unit stake in K2 Capital (KTWOU)
Rhea-AI Filing Summary
K2 Capital Acquisition Corp received a Schedule 13G disclosure showing that Shaolin Capital Management LLC and David Puritz together beneficially own 750,000 units of the company. These units each include one Class A ordinary share and a right to receive one-fifth of a Class A ordinary share.
The filing reports shared voting and dispositive power over all 750,000 units and no sole voting or dispositive power. The reporting persons certify that the securities were not acquired to change or influence control of K2 Capital Acquisition Corp.
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FAQ
What does the Schedule 13G for KTWOU disclose about Shaolin Capital?
The Schedule 13G shows Shaolin Capital Management LLC and David Puritz beneficially own 750,000 units of K2 Capital Acquisition Corp. Each unit consists of one Class A ordinary share and a right to receive one-fifth of a Class A ordinary share.
How much voting power does Shaolin Capital report in K2 Capital (KTWOU)?
The reporting persons disclose shared voting power over 750,000 units of K2 Capital Acquisition Corp and no sole voting power. They also report shared dispositive power over the same 750,000 units, indicating joint control over how these securities are voted and disposed.
What class of KTWOU securities is covered in this Schedule 13G?
The Schedule 13G covers units of K2 Capital Acquisition Corp, with each unit consisting of one Class A ordinary share and one right to receive one-fifth of a Class A ordinary share. The filing identifies these units by CUSIP G5226B121.
Are Shaolin Capital and David Puritz filing jointly for KTWOU?
Yes. The document states the Schedule 13G is filed jointly by Shaolin Capital Management LLC and David Puritz as “Reporting Persons.” A joint filing statement under Rule 13d-1(k) confirms subsequent amendments will also be filed on behalf of both reporting parties.
Do the KTWOU securities held by Shaolin Capital aim to influence control?
No. The certification states the securities “were not acquired and are not held for the purpose of or with the effect of changing or influencing the control” of K2 Capital Acquisition Corp and are not held in connection with a control-related transaction, except certain nomination activities.