Kairous Acquisition Corp. Ltd (KACLF): debt financing — Kairous Acquisition extends business combination deadline to June 16, 2023 via $360K sponsor loan

Kairous Acquisition Corp. Ltd

Sponsor Kairous Asia deposited $360,000 into trust account to fund three-month extension.
Deadline moved from March 16, 2023 to June 16, 2023.
Promissory note is unsecured, non-interest bearing, convertible into ordinary shares at $10.10/share.
Deposit made on March 10; extension announced March 13, 2023.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Kairous Acquisition Corp. Ltd incurred loan of $360,000 with Kairous Asia Limited at does not bear interest maturing upon the closing of a business combination.

Instrument: loan
Principal: $360,000
Counterparty: Kairous Asia Limited
Rate: does not bear interest
Maturity: upon the closing of a business combination
Event: incurrence

Exact text from the filing

On March 10, 2023, Kairous Acquisition Corp. Limited (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $360,000 (the “Note”) to Kairous Asia Limited, the Company’s initial public offering sponsor (“Sponsor”) in exchange for Sponsor depositing such amount into the Company’s trust account in order to extend the amount of time it has available to complete a business combination. The Note does not bear interest and matures upon the closing of a business combination by the Company.

View on SEC.gov

101 debt financings filed in the last 30 days. Browse all debt financings →

Kairous Acquisition Corp. Ltd filing history →

Source: SEC EDGAR

accession 0001493152-23-007401

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.