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.
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).
Sponsor Kairous Asia deposited $50,000 into trust account to extend business combination period by one month to December 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.
Shareholders voted 3,548,272 FOR and 208,000 AGAINST to amend charter and trust agreement allowing up to 12 monthly extensions.
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 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 Corp. terminates merger agreement with Wellous Group
Mutual termination of the December 9, 2022 merger agreement, effective June 22, 2023.
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.
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. 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