Kairous Acquisition Corp. terminates merger agreement with Wellous Group

Kairous Acquisition Corp. Ltd

Mutual termination of the December 9, 2022 merger agreement, effective June 22, 2023.
No termination fee or other payment due to either party.
Termination executed under Section 12.1(a) of the Merger Agreement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Kairous Acquisition Corp. Ltd terminated Agreement and Plan of Merger with Wellous Group Limited (effective 2023-06-22).

Action: termination
Agreement: merger
Counterparty: Wellous Group Limited
Effective: 2023-06-22

Exact text from the filing

Effective June 22, 2023, Kairous Acquisition Corp. Limited (the “Company”) and Wellous Group Limited (“Wellous”) entered into a termination agreement (the “Termination Agreement”), a copy of which is filed as Exhibit 2.1 hereto, which provides for the termination of the Agreement and Plan of Merger, dated December 9, 2022 (the “Merger Agreement”), by and among the Company, Wellous, KAC Merger Sub 1, KAC Merger Sub 2, and certain shareholders and principal owners of Wellous.

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Source: SEC EDGAR

accession 0001493152-23-022491

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