K&f Growth Acquisition Corp. II (KFII) · Nov 6, 2026 · Other events
$239.82M redeemed — 22.31M shares redeemed at approximately $10.75 each
K&F Growth II’s extension passes, but its SPAC trust loses about $240 million to redemptions while non-redemption incentives add dilution.
K&F Growth II is an experiential-entertainment SPAC still searching for a target across location-based and mobile channels, with no completed business combination yet. The extension vote itself was expected; the important new information is how much capital left and what it cost to keep the vehicle alive. The company extended its deadline from November 6, 2026 to August 6, 2027. 〔0〕
| Metric | Filing figure | Comparison |
|---|---|---|
| Public shares redeemed (Public Shares) | 22,305,639 | — |
| Redemption price per share (Public Shares) | $10.75 | — |
| Trust-account redemptions (Public Shares) | $239.82M | — |
| Class A shares remaining (Public Shares) | 16,950,420 | — |
| Shares issued to non-redeemers if deal closes by May 7, 2027 (Non-Redemption Agreements) | 1,045,531 | — |
| Shares issued if deal closes after May 7, 2027 (Non-Redemption Agreements) | 1,254,637 | — |
The deadline extension preserves the chance of a transaction, but it does not advance the transaction itself. Shareholders approved more runway, yet the filing contains no announced target, signed merger, or evidence that the search has materially progressed.
The capital base is materially smaller after the vote. Holders redeemed 22,305,639 public shares for approximately $239.82 million, leaving 16,950,420 Class A shares outstanding. 〔1〕 That leaves the eventual deal with a thinner trust-account funding base and likely greater reliance on outside financing or deal-specific capital.
Keeping some holders in place requires meaningful future dilution. Non-redeemers are promised 1,045,531 new shares if a deal closes by May 7, 2027, rising to 1,254,637 shares afterward. The arrangement helps prevent an even smaller shareholder base before a transaction, but it raises the eventual share count and makes delay more expensive for surviving holders.
Bottom line: The filing keeps K&F Growth II alive, but it is a defensive extension rather than evidence of deal progress. The large redemption wave and added dilution leave the SPAC with more time but a weaker, costlier platform for completing a business combination.
Initial business combination deadline: August 6, 2027
A buy-side analyst on every ticker — it reads every public company's filing the instant it drops and decodes it into plain English.
A buy-side analyst on every ticker — the whole market decoded the second it moves, before it's a headline. Free gives you a taste. Pro takes the cap off and opens the full read on every company.
by Signing in NOW, claim your FREE 14-day Pro trial!