Kairous Acquisition Corp. Ltd (KACLF): debt financing — Kairous Acquisition Corp. extends business combination deadline to March 16, 2025 via $50K sponsor note

Kairous Acquisition Corp. Ltd

Issued $50,000 unsecured promissory note to sponsor Kairous Asia Ltd, deposited into trust account.
Note is non-interest bearing, matures at business combination, convertible into shares at $10.10 per share.
Extension provides one additional month: from Feb 16, 2025 to March 16, 2025.
Company has OTC Pink listing under symbol KACL; no business combination yet announced.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Kairous Acquisition Corp. Ltd incurred loan of $50,000 with Kairous Asia Limited maturing matures upon the closing of a business combination by the Company.

Instrument: loan
Principal: $50,000
Counterparty: Kairous Asia Limited
Maturity: matures upon the closing of a business combination by the Company
Event: incurrence

Exact text from the filing

On February 14, 2025, Kairous Acquisition Corp. Limited (the "Company" or "Kairous") issued an unsecured promissory note in the aggregate principal amount of $50,000 (the "Note") to Kairous Asia Limited, the Company’s initial public offering sponsor ("Sponsor") in exchange for Sponsor depositing such amount into the Company’s trust account in order to extend the amount of time it has available to complete a business combination. The Note does not bear interest and matures upon the closing of a business combination by the Company.

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Kairous Acquisition Corp. Ltd filing history →

Source: SEC EDGAR

accession 0001493152-25-007207

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