Kairous Acquisition Corp. Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Kairous Acquisition Corp. (OTCPINK: KACL) has announced that its IPO sponsor, Kairous Asia , has deposited $50,000 into the company's trust account. This deposit extends the company's deadline to complete a business combination by one month, moving from February 16, 2025 to March 16, 2025.
In exchange for the deposit, the company issued a non-interest-bearing promissory note to the sponsor. This note will be converted into ordinary shares at $10.10 per share when the company completes a business combination. The extension aims to provide additional time for KACL to finalize a business combination transaction.
Kairous Acquisition Corp. (OTCPINK: KACL) ha annunciato che il suo sponsor per l'IPO, Kairous Asia, ha depositato $50.000 nel conto fiduciario dell'azienda. Questo deposito estende la scadenza dell'azienda per completare una fusione aziendale di un mese, passando da 16 febbraio 2025 a 16 marzo 2025.
In cambio del deposito, l'azienda ha emesso una cambiale non fruttifera allo sponsor. Questa cambiale sarà convertita in azioni ordinarie a $10,10 per azione quando l'azienda completerà una fusione aziendale. L'estensione mira a fornire ulteriore tempo a KACL per finalizzare una transazione di fusione aziendale.
Kairous Acquisition Corp. (OTCPINK: KACL) ha anunciado que su patrocinador de la OPI, Kairous Asia, ha depositado $50,000 en la cuenta fiduciaria de la empresa. Este depósito extiende el plazo de la empresa para completar una combinación de negocios en un mes, pasando del 16 de febrero de 2025 al 16 de marzo de 2025.
Como contraprestación por el depósito, la empresa emitió una nota promisoria sin intereses al patrocinador. Esta nota se convertirá en acciones ordinarias a $10.10 por acción cuando la empresa complete una combinación de negocios. La extensión tiene como objetivo proporcionar tiempo adicional para que KACL finalice una transacción de combinación de negocios.
Kairous Acquisition Corp. (OTCPINK: KACL)는 IPO 후원자인 Kairous Asia가 회사의 신탁 계좌에 $50,000를 입금했다고 발표했습니다. 이 입금은 회사가 사업 결합을 완료해야 하는 기한을 한 달 연장하여 2025년 2월 16일에서 2025년 3월 16일로 변경합니다.
입금에 대한 대가로 회사는 후원자에게 무이자 약속어음을 발행했습니다. 이 약속어음은 회사가 사업 결합을 완료할 때 주당 $10.10에 보통주로 전환됩니다. 연장은 KACL이 사업 결합 거래를 마무리할 추가 시간을 제공하는 것을 목표로 하고 있습니다.
Kairous Acquisition Corp. (OTCPINK: KACL) a annoncé que son sponsor pour l'IPO, Kairous Asia, a déposé 50 000 $ sur le compte fiduciaire de l'entreprise. Ce dépôt prolonge le délai de l'entreprise pour réaliser une combinaison d'affaires d'un mois, passant du 16 février 2025 au 16 mars 2025.
En échange du dépôt, l'entreprise a émis une note promissoire sans intérêt au sponsor. Cette note sera convertie en actions ordinaires à 10,10 $ par action lorsque l'entreprise aura finalisé une combinaison d'affaires. L'extension vise à donner à KACL un temps supplémentaire pour finaliser une transaction de combinaison d'affaires.
Kairous Acquisition Corp. (OTCPINK: KACL) hat angekündigt, dass ihr IPO-Sponsor, Kairous Asia, $50.000 auf das Treuhandkonto des Unternehmens eingezahlt hat. Diese Einzahlung verlängert die Frist des Unternehmens zur Durchführung einer Unternehmenszusammenlegung um einen Monat, von 16. Februar 2025 auf 16. März 2025.
Im Gegenzug für die Einzahlung hat das Unternehmen eine zinslose Schuldverschreibung an den Sponsor ausgegeben. Diese Schuldverschreibung wird in Stammaktien zu $10,10 pro Aktie umgewandelt, wenn das Unternehmen eine Unternehmenszusammenlegung abschließt. Die Verlängerung zielt darauf ab, KACL zusätzliche Zeit zu geben, um eine Transaktion zur Unternehmenszusammenlegung abzuschließen.
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Singapore, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Kairous Acquisition Corp. Limited (OTCPINK: 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
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. Limited
Athiwat Apichote
ir.kairous@gmail.com
FAQ
What is the new deadline for Kairous Acquisition Corp (KACL) to complete its business combination?
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