Kairous Acquisition extends business combination deadline to March 16, 2024 via $50K sponsor loan

Kairous Acquisition Corp. Ltd

Sponsor deposited $50,000 into trust account to extend period from Feb 16 to Mar 16, 2024.
Company issued $50,000 unsecured promissory note to sponsor, no interest, convertible into shares at $10.10 per share upon business combination.
Working capital note maturity extended to Dec 16, 2024; principal previously increased to $2M.

item 1.01 item 2.03 item 8.01 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 2024-02-13).

Action: amendment
Agreement: notes offering
Counterparty: Kairous Asia Limited
Effective: 2024-02-13

Exact text from the filing

On February 13, 2024, the Company and the Sponsor entered in to another amendment (the “Amendment”) to the Working Capital Note to extend the maturity date of the original Working Capital Note to the earlier of (i) December 16, 2024 or (ii) the consummation of the initial business combination.

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

Kairous Acquisition Corp. Ltd entered into Note with Kairous Asia Limited valued at $50,000 (effective 2024-02-12).

Action: entry
Agreement: notes offering
Counterparty: Kairous Asia Limited
Value: $50,000
Effective: 2024-02-12

Exact text from the filing

On February 12, 2024, Kairous Acquisition Corp. Limited (the “Company” or “Kairous”) issued an unsecured promissory note in the aggregate principal amount of $50,000 (the “Note”) to Kairous Asia Limited, the Company’s initial public offering sponsor (“Sponsor”) in exchange for Sponsor depositing such amount into the Company’s trust account in order to extend the amount of time it has available to complete a business combination.

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

Kairous Acquisition Corp. Ltd filing history →

Source: SEC EDGAR

accession 0001493152-24-007004

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