Kairous Acquisition Corp. Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
June 17 2024 - 4:30PM
Kairous Acquisition Corp. Limited (NASDAQ: KACL, the “Company”), a
special purpose acquisition company, announced today that Kairous
Asia Limited, the Company’s initial public offering sponsor
(“Sponsor”), has deposited into the Company’s trust account (the
“Trust Account”) an aggregate of $50,000, in order to extend the
period of time the Company has to complete a business combination
for an additional one (1) month period, from June 16, 2024 to July
16, 2024. The Company issued a promissory note to Sponsor with a
principal amount equal to the amount deposited. The promissory note
bears no interest and will be converted into the Company’s ordinary
shares at a price of $10.10 per share at the closing of a business
combination by the Company. The purpose of the extension is to
provide time for the Company to complete a business combination.
About Kairous Acquisition Corp.
Limited
Kairous Acquisition Corp. Limited is a blank
check company formed for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses.
Forward Looking Statements
This press release includes forward-looking
statements that involve risks and uncertainties. Forward looking
statements are statements that are not historical facts. Such
forward-looking statements, including the successful consummation
of the Company’s initial public offering, are subject to risks and
uncertainties, which could cause actual results to differ from the
forward looking statements. The Company expressly disclaims any
obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company’s expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based.
Contacts
Kairous Acquisition Corp. LimitedAthiwat
Apichoteir@kairous.com
Kairous Acquisition (NASDAQ:KACL)
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