v3.26.1
S-K 1603(c) Fiduciary Duties to Other Companies
Jul. 24, 2026
Fiduciary Duties to Other Companies, SPAC Officers and Directors [Line Items]  
SPAC Officers and Directors, Fiduciary Duties to Other Companies, Description [Text Block]

Under Cayman Islands law, directors and officers owe the following fiduciary duties:

        duty to act in good faith in what the director or officer believes to be in the best interests of the company as a whole;

        duty to exercise powers for the purposes for which those powers were conferred and not for a collateral purpose;

        directors should not improperly fetter the exercise of future discretion;

        duty to exercise powers fairly as between different sections of shareholders;

        duty not to put themselves in a position in which there is a conflict between their duty to the company and their personal interests; and

        duty to exercise independent judgment.

Fiduciary Duties to Other Companies, SPAC Officers and Directors [Table Text Block]

Below is a table summarizing the entities to which our executive officers and directors currently have fiduciary duties:

Individual(1)

 

Entity

 

Entity’s Business

 

Affiliation

Karan Thakur

 

K2 Capital Advisors Ltd.

 

Private advisory services company.

 

Director

   

K2 Capital Acquisition Corp.

 

Special Purpose Acquisition Company

 

CEO and Director

   

1142377 BC Ltd.

 

Private holding company.

 

Director

Glenn C. Worman

 

Insight Digital Partners II

 

Special Purpose Acquisition Company

 

CFO

   

K2 Capital Acquisition Corp.

 

Special Purpose Acquisition Company

 

CFO

Alexander W. Tjiang

 

1495964 B.C. Ltd.

 

Private advisory services company.

 

Director

   

K2 Capital Acquisition Corp.

 

Special Purpose Acquisition Company

 

Director

Yungkon Bann

 

Purpose Asset Management Inc.

 

Private investment holding company

 

CEO

   

K2 Capital Acquisition Corp.

 

Special Purpose Acquisition Company

 

Director

Michael E. Fuentes

 

Lloyd Harbor Capital Management, LLC

 

SEC-Registered Investment Advisor

 

Director

   

Range Capital Acquisition Corp.

 

Special Purpose Acquisition Company

 

Team Member

   

K2 Capital Acquisition Corp.

 

Special Purpose Acquisition Company

 

Director

Rajiv Matthew

 

K2 Capital Acquisition Corp.

 

Special Purpose Acquisition Company

 

Director

____________

(1)      Each of the entities listed in this table may have competitive interests with our company with respect to the performance by each individual listed in this table of his or her obligations.