K2 Capital Acquisition Corp. (Ticker: KTWOU US) is a Cayman Islands-incorporated blank check company (SPAC) formed to effect a merger, share exchange, or similar business combination. The company plans to list on the NASDAQ on January 29, 2026, offering 10 million units at a price of $10.00 per unit. The IPO aims to raise $100 million USD, with an estimated market capitalization of $151.67 million at pricing.

The company actively pursues opportunities in "Physical AI", specifically humanoid robotics that utilize machine learning, sensor fusion, and biomechanical engineering to navigate complex environments. Additionally, K2 Capital targets the advanced energy sector, focusing on Small Modular Nuclear Reactors (SMRs). Management believes SMRs offer critical advantages for decarbonization, including flexible deployment and lower capital costs compared to traditional nuclear infrastructure. Managed by D. Boral Capital LLC, the company plans to use the proceeds to identify and consummate a business combination. According to recent filings, each unit consists of one Class A ordinary share and one right to receive one-fifth of a share.