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

Kairous Acquisition Corp. Ltd

Sponsor Kairous Asia Limited deposited $50,000 into trust to extend completion period by one month.
New deadline for business combination is April 16, 2025, from March 16, 2025.
Company issued unsecured promissory note to sponsor; no interest, convertible at $10.10 per share.
Note convertible into ordinary shares upon closing of a business combination.

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 at does not bear interest maturing upon the closing of a business combination by the Company.

Instrument: loan
Principal: $50,000
Counterparty: Kairous Asia Limited
Rate: does not bear interest
Maturity: upon the closing of a business combination by the Company
Event: incurrence

Exact text from the filing

On March 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

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Kairous Acquisition Corp. Ltd filing history →

Source: SEC EDGAR

accession 0001493152-25-010811

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