K2 Capital Acquisition Corp

K2 Capital Acquisition Corp. reported a net income of $985,152 for the three months ended June 30, 2026, and $1,285,964 for the six months, primarily from interest earned on its Trust Account. The blank check company, which completed its IPO in January 2026, holds over $140 million in its Trust Account as it seeks a business combination. However, management has raised substantial doubt about the company's ability to continue as a going concern due to the mandatory liquidation date of July 30, 2027, if a business combination is not completed.

K2 Capital Acquisition Corp reported a net income of $300,812 for the three months ended March 31, 2026, with basic and diluted EPS of $0.02 for both Class A and Class B ordinary shares. This positive financial shift follows the successful completion of its Initial Public Offering on January 30, 2026, which generated gross proceeds of $138 million. The company also sold $2.615 million in Private Placement Units and placed $138 million into a Trust Account, significantly increasing its total assets to $140 million and moving its shareholders' equity from a deficit to $952,065.