K&F Growth Acquisition II, a blank check company targeting in-person and mobile experiential entertainment, filed on Thursday with the SEC to raise up to $250 million in an initial public offering.
The Manhattan Beach, CA-based company plans to raise $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one right to receive one-fifteenth of a share upon the completion of an initial business combination. At the proposed deal size, K&F Growth Acquisition II would command a market value of $341 million.
The company is led by Co-CEOs and Co-Chairs Daniel Fetters and Edward King, both of whom worked in investment banking at Morgan Stanley for 20 years and most recently served as Managing Directors. The company plans to target businesses within the experiential entertainment industry across both location-based (in-person) and mobile channels, such as live events, integrated resorts, family entertainment, and casinos, among others.
Management's previous SPAC, Acies Acquisition, completed its combination with game developer PLAYSTUDIOS (Nasdaq: MYPS; -87% from $10 offer price) in 2021.
K&F Growth Acquisition II was founded in 2024 and plans to list on the Nasdaq under the symbol KFIIU. The company filed confidentially on August 22, 2024. BTIG is the sole bookrunner on the deal.
