other material
confidence high
sentiment neutral
materiality 0.30
Kairous Acquisition extends business combination deadline to Aug 16, 2024 via $50k sponsor deposit
Kairous Acquisition Corp. Ltd
- Sponsor Kairous Asia Limited deposited $50,000 into trust account to extend business combination period by one month.
- Deadline extended from July 16, 2024 to August 16, 2024.
- Company issued unsecured, non-interest bearing promissory note to sponsor in the same amount.
- Note converts into ordinary shares at $10.10 per share at closing of a business combination.