KFII gained until August 6, 2027, to complete a business deal, but shareholders redeemed shares for about $239.8 million. A deal would also require 1.05 million to 1.25 million new shares for some investors, balancing the extra time.
More time gives KFII another chance to complete a business deal. Yet the redemptions removed cash from its trust, and the promised shares would increase the share count if a deal closes. Those gains and costs point in different directions.
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