K&F Growth Acquisition (KFIIU) closed an initial public offering of 28.75 million units at $10 apiece for gross proceeds of $287.5 million.

The offering included an extra 3.75 million units from the underwriters' full exercise of the overallotment option, the company said Thursday in a statement.

The blank-check company started trading on the Nasdaq Global Market on Wednesday.

Each unit comprises one Class A ordinary share and one right to receive one-fifteenth of a Class A share after a business combination is completed, the company said.

Once the securities split, the Class A shares and share rights are expected to trade separately under the symbols KFII and KFIIR.