Kairous Acquisition Corp. closes $78M SPAC IPO; $78.78M in trust

Kairous Acquisition Corp. Ltd

IPO of 7,800,000 units at $10/unit for gross proceeds of $78M, including 300,000 over-allotment units.
Sponsor Kairous Asia Ltd. purchased 357,143 private placement units for $3.57M.
Total of $78.78M deposited in trust account for public shareholders' benefit.
Units trade on Nasdaq under KACLU; components (KACL, KACLW, KACLR) to trade separately.
Blank-check company led by CEO Joseph Lee; targets a business combination.

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