Item 3.02 Unregistered Sales of Equity Securities.

On January 31, 2023, Kismet Acquisition Two Corp. (the "Company") issued an aggregate of 6,250,000 Class A ordinary shares, par value $0.001 per share ("Class A Ordinary Shares") to Quadro Sponsor LLC, the sponsor of the Company (the "Sponsor"), upon the conversion of an equal number of Class B ordinary shares, par value $0.001 per share ("Class B Ordinary Shares") held by the Sponsor (the "Conversion"). The 6,250,000 Class A Ordinary Shares issued in connection with the Conversion are subject to the same restrictions as applied to the Class B Ordinary Shares before the Conversion, including, among others, certain transfer restrictions, waiver of redemption rights and the obligation to vote in favor of an initial business combination as described in the prospectus for the Company's initial public offering. Following the Conversion, there are 29,250,000 Class A Ordinary Shares issued and outstanding and no Class B Ordinary Shares issued and outstanding. As a result of the Conversion, the Sponsor holds 21.4% of the outstanding Class A Ordinary Shares.

The issuance of the Class A Ordinary Shares upon the Conversion has not been registered under the Securities Act of 1933, as amended, in reliance on the exemption from registration provided by Section 3(a)(9) thereof.

Item 7.01 Regulation FD Disclosure.

The disclosure set forth above in Item 3.02 of this Current Report on Form 8-K is incorporated by reference in this Item 7.01.


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