K&F Growth Acquisition Corp II Unit(KFIIU) - 2025 Q1 - Quarterly Report

Financial Performance - For the three months ended March 31, 2025, the company reported a net income of $1,601,840, which includes $1,792,415 in income from investments held in the Trust Account, offset by a loss from operations of $190,575 [102]. - Cash used in operating activities for the three months ended March 31, 2025, was $391,993, with net income affected by interest earned on investments and operational costs [105]. - The company does not expect to generate operating revenues until after the completion of its Business Combination, as it has not engaged in any operations to date [101]. Trust Account and Investments - As of March 31, 2025, the company had investments held in the Trust Account amounting to $290,729,915, up from $0 as of December 31, 2024 [106]. - Following the Initial Public Offering and the sale of Private Placement Units, a total of $288,937,500 was placed in the Trust Account, after incurring $16,427,868 in related costs [104]. - The company intends to use substantially all funds in the Trust Account to complete its Business Combination and may use remaining proceeds for working capital and other acquisitions [106]. Initial Public Offering - The company completed its Initial Public Offering on February 6, 2025, raising gross proceeds of $287,500,000 from the sale of 28,750,000 Units at $10.00 per Unit [103]. - The underwriters of the Initial Public Offering are entitled to a cash underwriting discount of 2.00% of gross proceeds, totaling $5,750,000, and a deferred discount of 3.5% payable upon the closing of an initial Business Combination [112]. Financing and Debt - The company has no long-term debt or off-balance sheet arrangements as of March 31, 2025, and has a monthly obligation of $25,000 for office space and administrative support [110][111]. - The company may need to obtain additional financing to complete its Business Combination or if a significant number of Public Shares are redeemed [109].