secwatch.observer — SEC 8-K summary
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Issuer:     Kairous Acquisition Corp. Ltd (KACLF)
CIK:        0001865468
Form:       8-K
Filed at:   2023-04-05T23:59:59+00:00
Accession:  0001493152-23-010902
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Kairous Acquisition Corp. receives Nasdaq delisting notice for MVLS non-compliance
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- Received Nasdaq notice on April 3, 2023 for failing to maintain $50M minimum market value of listed securities.
- Has 180 days (until October 2, 2023) to regain compliance by closing at $50M+ for 10 consecutive business days.
- May consider transferring to Nasdaq Capital Market, which requires $35M MVLS and a $5,000 application fee.
- Management is reviewing options but cannot assure regaining compliance or continued listing on Nasdaq Global Market.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865468/000149315223010902/0001493152-23-010902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865468/000149315223010902/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-010902

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