other material
confidence high
sentiment neutral
materiality 0.30
Kairous extends business combination deadline to Feb 16, 2025 via $50K sponsor loan
Kairous Acquisition Corp. Ltd
- Sponsor Kairous Asia Limited deposited $50,000 into trust to extend combination period by one month.
- New deadline for business combination is February 16, 2025.
- Company issued a non-interest-bearing promissory note convertible into shares at $10.10 per share upon closing.
- Note matures at closing of a business combination; principal will be converted to ordinary shares.