K2 Capital Acquisition Corporation (KTWOU) Prices Upsized $120M IPO
K2 Capital Acquisition Corporation (NASDAQ:KTWOU) announced the pricing of its upsized $120 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “KTWOU”, Thursday, January 29, 2025.
The new SPAC intends to look for a target company in the physical AI or small modular nuclear reactor technology industries.
K2 Capital Acquisition Corporation is to be led by Chief Executive Officer and Chairman Karan Thakur, Chief Financial Officer Glenn Worman and Vice President Alexander Tjiang. Yungkong Bann, Michael E. Fuentes and Rajiv Matthew are expected to serve on the SPAC’s Board.
Total SPAC deal count for 2025 year-to-date is now 20. This offering is expected to close on Friday, January 30, 2025.
D. Boral Capital (“D. Boral”), is acting as the sole book-running manager for the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Freshfields Bruckhaus Deringer LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Equiniti Trust Company, LLC is acting as trustee.
