Kairous (KACL) enters $300M merger with Bamboo Mart; closing target March 2024

Kairous Acquisition Corp. Ltd

Initial merger consideration of $300M, subject to adjustment based on fairness opinion and due diligence.
Consideration to be paid in Purchaser ordinary shares at deemed price of $10.10 per share.
Closing expected no later than March 31, 2024; subject to shareholder and regulatory approvals.
Minimum cash at closing of $2M; Purchaser must have net tangible assets at least $5,000,001.
Break-up fee of $50,000 payable by shareholder/company if terminated by Parent under certain conditions.

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