Kairous Acquisition Corp. completes IPO of 7.5M units, raises $78M gross

Kairous Acquisition Corp. Ltd

IPO of 7,500,000 units at $10.00/unit generated $75M gross; over-allotment of 300,000 units added $3M.
Net proceeds of $78.78M deposited into trust account, held for future business combination.
Balance sheet as of Dec 16, 2021: cash $857k, trust $78.78M, total assets $79.67M; shareholders' deficit $2.04M.
Company has 21 months from IPO to complete initial business combination; no operations yet.
Underwriters' over-allotment option partially exercised; remaining 825,000 units forfeited.

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