Highest-materiality recent filing
Kairous Acquisition Corp. distributes trust funds, plans to remain listed and pursue opportunities
On September 9, 2025, completed distribution of trust funds to holders of publicly traded shares, initially announced July 1, 2025.
Kairous Acquisition Corp. terminates merger with Bamboo Mart Limited effective August 18, 2025
Merger Agreement with Bamboo Mart Limited terminated by mutual board consent on August 18, 2025.
Kairous Acquisition Corp to liquidate trust, redeem public shares after failing to extend deadline
Company failed to deposit $50,000 to extend business combination deadline to June 16, 2025.
CFO and Executive Director Usanee Lekvanichkul resigns effective June 6, 2025
Usanee Lekvanichkul resigned as CFO and Executive Director, effective June 6, 2025.
Issued unsecured promissory note of $50,000 to sponsor Kairous Asia Limited to fund trust account extension.
Kairous extends business combination deadline to April 16, 2025 via $50k sponsor note
Sponsor Kairous Asia Limited deposited $50,000 into trust to extend completion period by one month.
Issued $50,000 unsecured promissory note to sponsor Kairous Asia Ltd, deposited into trust account.
Kairous extends business combination deadline to Feb 16, 2025 via $50K sponsor loan
Sponsor Kairous Asia Limited deposited $50,000 into trust to extend combination period by one month.
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).
Shareholders approved amendment extending deadline up to six months from Dec 16, 2024 to June 16, 2025.
Sponsor Kairous Asia deposited $50,000 into trust account to extend business combination period by one month to December 16, 2024.
Kairous extends business combination deadline to Nov 16, 2024 with $50K sponsor deposit
Sponsor Kairous Asia Limited deposited $50,000 into the trust account on October 16, 2024.
KACL enters into definitive merger agreement with Bamboo Mart valued at $188M
Total merger consideration $188M, paid as 18,613,861 shares in Purchaser at $10.10/share.
Kairous extends business combination deadline to Oct 16, 2024 with $50K sponsor deposit
Sponsor deposited $50,000 into trust; extends deadline from Sep 16 to Oct 16, 2024.
Kairous extends business combination deadline to Sept 16, 2024 with $50K sponsor note
Issued $50,000 unsecured promissory note to sponsor Kairous Asia Ltd on Aug 16, 2024.
Kairous Acquisition extends business combination deadline to Aug 16, 2024 via $50k sponsor deposit
Sponsor Kairous Asia Limited deposited $50,000 into trust account to extend business combination period by one month.
Kairous extends business combination deadline to July 16, 2024 via $50K sponsor deposit
Sponsor deposited $50,000 into trust account to extend business combination period by one month.
Sponsor deposited $50,000 into trust account to extend combination period by one month to June 16, 2024.
Kairous Acquisition extends business combination deadline to May 16, 2024 with $50K sponsor deposit
Deposited $50,000 into trust account to extend business combination period to May 16, 2024 from April 16, 2024.
Kairous Acquisition Corp. amends merger agreement; outside date extended to Nov 15, 2024
Fairness opinion issuance date amended to no later than May 31, 2024.
Sponsor Kairous Asia deposited $50,000 into trust account; note converts to ordinary shares at $10.10 per share.
Received Nasdaq notice Feb 23, 2024 for market value below $50M; company believes notice sent by mistake.
Kairous Acquisition extends business combination deadline to March 16, 2024 via $50K sponsor loan
Sponsor deposited $50,000 into trust account to extend period from Feb 16 to Mar 16, 2024.
Kairous Acquisition extends business combination deadline to Feb 16, 2024 via $50K sponsor note
Sponsor Kairous Asia Limited deposited $50,000 into the trust account to extend the business combination period.
Shareholders voted 3,548,272 FOR and 208,000 AGAINST to amend charter and trust agreement allowing up to 12 monthly extensions.
Sponsor deposited $120,000 into trust to extend the period to complete a business combination by one month, to December 16, 2023.
Kairous Acquisition increases sponsor working capital note to $2M
Maximum principal of unsecured promissory note raised from $1M to $2M.
Sponsor deposited $120,000 into trust to extend business combination period by one month.
Kairous (KACL) enters $300M merger with Bamboo Mart; closing target March 2024
Initial merger consideration of $300M, subject to adjustment based on fairness opinion and due diligence.
Kairous Acquisition extends sponsor note maturity to Dec 16, 2023
Working capital note from sponsor Kairous Asia Ltd. extended to earlier of Dec 16, 2023 or business combination.
Kairous Acquisition Corp. deposits $120k to extend business combination deadline to Oct 16, 2023
Sponsor deposited $120,000 into trust to extend deadline by one month, from Sep 16 to Oct 16, 2023.
Kairous receives Nasdaq deficiency notice for minimum public holders; also faces MVLS issue
Nasdaq notice on Sept 12, 2023: Kairous has fewer than 400 public holders required by Nasdaq Global Market.
Kairous Acquisition extends business combo deadline to Sep 16, 2023 via $120K sponsor deposit
Sponsor Kairous Asia Limited deposited $120,000 into trust account to extend business combination period by one month.
Kairous Acquisition extends business combination deadline to Aug 16, 2023 via $120K trust deposit
Sponsor deposited $120,000 into trust account to extend completion period by one month.
Kairous Acquisition Corp. terminates merger agreement with Wellous Group
Mutual termination of the December 9, 2022 merger agreement, effective June 22, 2023.
Sponsor deposited $120,000 into trust account to extend the business combination deadline from June 16 to July 16, 2023.
Kairous Acquisition amends sponsor notes; conversion at $10.10/sh; deadline June 16, 2023
Working Capital Note (up to $1M) amended to convert into ordinary shares at $10.10 per share upon business combination.
Kairous Acquisition Corp. receives Nasdaq delisting notice for MVLS non-compliance
Received Nasdaq notice on April 3, 2023 for failing to maintain $50M minimum market value of listed securities.
Kairous Acquisition extends business combination deadline to June 16, 2023 via $360K sponsor loan
Sponsor Kairous Asia deposited $360,000 into trust account to fund three-month extension.
Kairous Acquisition extends business combination deadline to March 16, 2023 via $360K sponsor note
Sponsor deposited $360,000 into trust account to extend period from Dec 16, 2022 to March 16, 2023.
SPAC KACL to merge with Wellous Group in all-stock deal valued at $270M
KACL will issue 26.7M shares at $10.10/share to Wellous shareholders, total equity value $270M.
Shareholders approve SPAC extension to Dec 16, 2023; 5.7M shares redeemed
Shareholders approved extending business combination deadline up to Dec 16, 2023 via up to eight extensions.
Kairous Acquisition Corp. completes IPO of 7.5M units, raises $78M gross
IPO of 7,500,000 units at $10.00/unit generated $75M gross; over-allotment of 300,000 units added $3M.
Kairous Acquisition Corp. closes $78M SPAC IPO; $78.78M in trust
IPO of 7,800,000 units at $10/unit for gross proceeds of $78M, including 300,000 over-allotment units.
On June 5, 2025, Usanee Lekvanichkul submitted her resignation, effective as of June 6, 2025, from her positions as Chief Financial Officer and Executive Director of Kairous Acquisition Corp. Limited (the “Company”).
Max materiality 0.90 · Median 0.50 · Most common event other_material