Kairous Acquisition amends sponsor notes; conversion at $10.10/sh; deadline June 16, 2023

Kairous Acquisition Corp. Ltd

Working Capital Note (up to $1M) amended to convert into ordinary shares at $10.10 per share upon business combination.
Extension Notes No. 1 & No. 2 (totaling $720K) also convertible at $10.10/share; notes terminate if no deal by June 16, 2023.
Amendments effective May 10, 2023; all prior terms remain unchanged except as amended.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Kairous Acquisition Corp. Ltd amended Working Capital Note with Kairous Asia Limited (the Sponsor) (effective 2023-05-10).

Action: amendment
Counterparty: Kairous Asia Limited (the Sponsor)
Effective: 2023-05-10

Exact text from the filing

On May 10, 2023, the Company and the Sponsor entered in to an amendment to the Working Capital Note so as to amend certain terms of the Working Capital Note

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Kairous Acquisition Corp. Ltd amended Extension Notes with Kairous Asia Limited (the Sponsor) (effective 2023-05-10).

Action: amendment
Counterparty: Kairous Asia Limited (the Sponsor)
Effective: 2023-05-10

Exact text from the filing

On May 10, 2023, the Company and the Sponsor entered in to an amendment to Extension Notes in respect of each of the Extension Notes so as to amend certain terms of the Extension Notes

View on SEC.gov

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Kairous Acquisition Corp. Ltd filing history →

Source: SEC EDGAR

accession 0001493152-23-016670

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