K2 Capital Acquisition Corporation announced the completion of its initial public offering of 13,800,000 units at a price of $10.00 per unit, generating gross proceeds of $138 million. Each unit consists of one Class A ordinary share and one right to receive one-fifth of an ordinary share upon the consummation of an initial business combination. The proceeds from the offering have been deposited into a trust account established for the benefit of the company's public shareholders.

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