other material
confidence high
sentiment neutral
materiality 0.60
Kairous Acquisition Corp. extends business combination deadline to Dec 16, 2024 via $50k sponsor deposit
Kairous Acquisition Corp. Ltd
- Sponsor Kairous Asia deposited $50,000 into trust account to extend business combination period by one month to December 16, 2024.
- Company issued non-interest bearing promissory note to sponsor; note converts into ordinary shares at $10.10 per share upon closing of a business combination.
- Extension avoids lapse of deadline; company continues to search for a target business combination.