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

Kairous Acquisition Corp. Ltd

Issued unsecured promissory note of $50,000 to sponsor Kairous Asia Limited to fund trust account extension.
Note matures upon business combination closing, converts to ordinary shares at $10.10 per share.
Deposit extends period from April 16, 2025 to May 16, 2025; company still seeking a target.
Note bears no interest; no other extensions or definitive agreement 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 (Sponsor) at does not bear interest maturing upon the closing of a business combination.

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

Exact text from the filing

On April 16, 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")

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Kairous Acquisition Corp. Ltd filing history →

Source: SEC EDGAR

accession 0001641172-25-005159

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