other
confidence high
sentiment neutral
materiality 0.20
Kairous Acquisition Corp. extends business combination deadline to June 16, 2024 via $50K sponsor deposit
Kairous Acquisition Corp. Ltd
- Sponsor deposited $50,000 into trust account to extend combination period by one month to June 16, 2024.
- Issued unsecured promissory note to sponsor, convertible into ordinary shares at $10.10/share upon business combination.
- Note bears no interest and matures at closing of business combination.
- Extension provides additional time to complete a business combination.