secwatch.observer — SEC 8-K summary
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Issuer:     Kairous Acquisition Corp. Ltd (KACLF)
CIK:        0001865468
Form:       8-K
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0001493152-24-038937
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KACL enters into definitive merger agreement with Bamboo Mart valued at $188M
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- Total merger consideration $188M, paid as 18,613,861 shares in Purchaser at $10.10/share.
- Up to 8,554,455 additional earnout shares based on share price thresholds ($12.50, $15.00, $17.50) and 2025/2026 revenue goals ($122.8M, $170.2M).
- Transaction expected to close by March 31, 2025; KACL must have minimum net tangible assets of $5,000,001 at closing.
- Bamboo must have minimum cash of $500K at closing; Sponsor promissory notes to be converted into shares at $10.10.
- Certain Bamboo shareholders subject to 24-month lock-up; break-up fee of $50,000 payable by Bamboo under certain termination events.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865468/000149315224038937/0001493152-24-038937-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865468/000149315224038937/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-038937

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