Kairous Acquisition Corp. Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Kairous Acquisition Corp (OTCPINK: KACL) has announced a one-month extension to complete its business combination, moving the deadline from April 16, 2025, to May 16, 2025. The extension was facilitated by a $50,000 deposit into the company's trust account by Kairous Asia , the company's initial public offering sponsor.
The sponsor received a non-interest-bearing promissory note for the deposited amount, which will be converted into ordinary shares at $10.10 per share upon completion of a business combination. This extension provides additional time for KACL to finalize its business combination plans.
Kairous Acquisition Corp (OTCPINK: KACL) ha annunciato una proroga di un mese per completare la sua fusione aziendale, spostando la scadenza dal 16 aprile 2025 al 16 maggio 2025. La proroga è stata resa possibile da un deposito di 50.000 dollari sul conto fiduciario della società effettuato da Kairous Asia, lo sponsor dell'offerta pubblica iniziale.
Lo sponsor ha ricevuto una nota di debito senza interessi per l'importo depositato, che sarà convertita in azioni ordinarie al prezzo di 10,10 dollari per azione al completamento della fusione. Questa estensione concede a KACL più tempo per finalizzare i piani della fusione aziendale.
Kairous Acquisition Corp (OTCPINK: KACL) ha anunciado una prórroga de un mes para completar su combinación de negocios, trasladando la fecha límite del 16 de abril de 2025 al 16 de mayo de 2025. La extensión fue posible gracias a un depósito de 50,000 dólares en la cuenta fiduciaria de la empresa realizado por Kairous Asia, el patrocinador de la oferta pública inicial de la compañía.
El patrocinador recibió un pagaré sin intereses por el monto depositado, que se convertirá en acciones ordinarias a 10.10 dólares por acción al completarse la combinación de negocios. Esta extensión brinda más tiempo a KACL para finalizar sus planes de combinación empresarial.
Kairous Acquisition Corp (OTCPINK: KACL)은 사업 결합 완료 기한을 2025년 4월 16일에서 2025년 5월 16일로 한 달 연장했다고 발표했습니다. 이번 연장은 회사의 초기 공모 스폰서인 Kairous Asia가 회사 신탁 계좌에 5만 달러를 예치함으로써 이루어졌습니다.
스폰서는 예치금에 대해 무이자 약속어음을 받았으며, 이는 사업 결합 완료 시 주당 10.10달러에 보통주로 전환됩니다. 이번 연장은 KACL이 사업 결합 계획을 마무리할 수 있는 추가 시간을 제공합니다.
Kairous Acquisition Corp (OTCPINK : KACL) a annoncé une prolongation d’un mois pour finaliser sa fusion d’entreprise, repoussant la date limite du 16 avril 2025 au 16 mai 2025. Cette extension a été rendue possible grâce à un dépôt de 50 000 dollars sur le compte fiduciaire de la société effectué par Kairous Asia, le sponsor de l’introduction en bourse.
Le sponsor a reçu un billet à ordre sans intérêts pour le montant déposé, qui sera converti en actions ordinaires à 10,10 dollars par action à la finalisation de la fusion. Cette prolongation offre à KACL un délai supplémentaire pour finaliser ses plans de fusion.
Kairous Acquisition Corp (OTCPINK: KACL) hat eine einmonatige Verlängerung zur Durchführung der Unternehmenszusammenführung angekündigt und die Frist vom 16. April 2025 auf den 16. Mai 2025 verschoben. Die Verlängerung wurde durch eine Einzahlung von 50.000 US-Dollar auf das Treuhandkonto des Unternehmens durch Kairous Asia, den Sponsor des Börsengangs, ermöglicht.
Der Sponsor erhielt für den eingezahlten Betrag einen zinslosen Schuldschein, der bei Abschluss der Unternehmenszusammenführung in Stammaktien zum Preis von 10,10 US-Dollar pro Aktie umgewandelt wird. Diese Verlängerung verschafft KACL zusätzliche Zeit, um die Pläne zur Unternehmenszusammenführung abzuschließen.
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Singapore, April 17, 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?
How much did Kairous Asia deposit to extend KACL's business combination deadline?
What are the terms of the promissory note issued by KACL for the extension deposit?
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