other material
confidence high
sentiment negative
materiality 0.90
Kairous Acquisition Corp. Ltd (KACLF): Nasdaq/NYSE listing notice — Kairous Acquisition Corp. receives Nasdaq delisting notice for failing to complete business combination by deadline
Kairous Acquisition Corp. Ltd
- Received Nasdaq notice on Dec 16, 2024 for non-compliance with IM-5101-2 due to failure to complete initial business combination within 36 months of IPO (Dec 13, 2021).
- Company will not appeal; trading on Nasdaq will be suspended at opening of business on Dec 23, 2024.
- Company expects securities to commence trading on OTC market on Dec 23, 2024.
- Securities affected: ordinary shares (KACL), units (KACLU), warrants (KACLW), rights (KACLR).