debt
confidence high
sentiment neutral
materiality 0.40
Kairous Acquisition increases sponsor working capital note to $2M
Kairous Acquisition Corp. Ltd
- Maximum principal of unsecured promissory note raised from $1M to $2M.
- Note is non-interest bearing, due Dec 16, 2023 or upon business combination closing.
- Amendment dated October 25, 2023 with sponsor Kairous Asia Limited.
- Proceeds used for business operations and combination costs.