secwatch.observer — SEC 8-K summary
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Issuer:     Kairous Acquisition Corp. Ltd (KACLF)
CIK:        0001865468
Form:       8-K
Filed at:   2022-03-03T23:59:59+00:00
Accession:  0001493152-22-005967
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865468/000149315222005967/0001493152-22-005967-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865468/000149315222005967/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-005967

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