other material
confidence high
sentiment neutral
materiality 0.25
Kairous extends business combination deadline to Sept 16, 2024 with $50K sponsor note
Kairous Acquisition Corp. Ltd
- Issued $50,000 unsecured promissory note to sponsor Kairous Asia Ltd on Aug 16, 2024.
- Funds deposited into trust account to extend combination period by one month to Sept 16, 2024.
- Note bears no interest and converts into ordinary shares at $10.10/share upon business combination.
- Extension provides additional time to complete a business combination.