Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Kairous Acquisition Corp. Ltd incurred loan of $50,000 with Kairous Asia Limited at does not bear interest maturing matures upon the closing of a business combination by the Company.
- Instrument
- loan
- Principal
- $50,000
- Counterparty
- Kairous Asia Limited
- Rate
- does not bear interest
- Maturity
- matures upon the closing of a business combination by the Company
- Event
- incurrence
Exact text from the filing
On April 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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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 aggregate principal amount of $50,000 (effective 2024-04-12).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Kairous Asia Limited
- Value
- aggregate principal amount of $50,000
- Effective
- 2024-04-12
Exact text from the filing
On April 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”)
View on SEC.gov