Kairous Acquisition extends sponsor note maturity to Dec 16, 2023

Kairous Acquisition Corp. Ltd

Working capital note from sponsor Kairous Asia Ltd. extended to earlier of Dec 16, 2023 or business combination.
Principal balance up to $1,000,000; note is non-interest bearing.
Conversion into ordinary shares at $10.10 per share upon closing of business combination.
Amendment dated September 18, 2023; replaces prior maturity of July 30, 2023.

item 1.01 item 9.01

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 Amendment with Kairous Asia Limited (effective 2023-09-18).

Action: amendment
Counterparty: Kairous Asia Limited
Effective: 2023-09-18

Exact text from the filing

On September 18, 2023, the Company and the Sponsor entered in to another amendment to the Working Capital Note (the “Amendment”), whereby the Sponsor and the Company agreed that the Working Capital Note shall be payable on the earlier of: (i) December 16, 2023 or (ii) the date on which the Company consummates the initial business combination, by conversion of the Working Capital Note into ordinary shares of the Company concurrently with the closing of a business combination at a price of $10.10 per share.

View on SEC.gov

273 material agreements filed in the last 30 days. Browse all material agreements →

Kairous Acquisition Corp. Ltd filing history →

Source: SEC EDGAR

accession 0001493152-23-033335

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.