secwatch.observer — SEC 8-K summary
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Issuer:     Kairous Acquisition Corp. Ltd (KACLF)
CIK:        0001865468
Form:       8-K
Filed at:   2022-12-13T23:59:59+00:00
Accession:  0001493152-22-035243
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPAC KACL to merge with Wellous Group in all-stock deal valued at $270M
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- KACL will issue 26.7M shares at $10.10/share to Wellous shareholders, total equity value $270M.
- Up to 5.4M earnout shares tied to share price, market cap, and net profit targets through 2027.
- Closing deadline set for Sept 30, 2023; Wellous must hold minimum $5.6M cash at closing.
- Shareholders with 90% of Wellous and 52% of KACL signed support agreements to back the deal.
- $2.73M deferred underwriting fee from KACL's IPO to be paid in cash or converted to equity at closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865468/000149315222035243/0001493152-22-035243-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865468/000149315222035243/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-035243

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