secwatch.observer — SEC 8-K summary
======================================

Issuer:     Kairous Acquisition Corp. Ltd (KACLF)
CIK:        0001865468
Form:       8-K
Filed at:   2021-12-16T23:59:59+00:00
Accession:  0001493152-21-031736
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 3.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865468/000149315221031736/0001493152-21-031736-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865468/000149315221031736/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-031736

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer