Kairous Acquisition Corp. Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Kairous Acquisition Corp. (NASDAQ: KACL), a special purpose acquisition company, has announced an extension to its business combination deadline. The company's sponsor, Kairous Asia , has deposited $50,000 into the Trust Account to extend the completion period by one month, from August 16, 2024, to September 16, 2024.
In exchange for the deposit, the company issued a promissory note to the sponsor. This note bears no interest and will be converted into ordinary shares at $10.10 per share upon the closing of a business combination. The extension aims to provide additional time for Kairous Acquisition Corp. to finalize a business combination.
Kairous Acquisition Corp. (NASDAQ: KACL), una società di acquisizione per scopi speciali, ha annunciato un'estensione della scadenza per la combinazione aziendale. Lo sponsor della società, Kairous Asia, ha depositato 50.000 dollari nel Trust Account per estendere il periodo di completamento di un mese, da 16 agosto 2024 a 16 settembre 2024.
In cambio del deposito, la società ha emesso una cambiale allo sponsor. Questa nota non produce interessi e sarà convertita in azioni ordinarie a 10,10 dollari per azione al momento della chiusura di una combinazione aziendale. L'estensione ha l'obiettivo di fornire ulteriore tempo a Kairous Acquisition Corp. per finalizzare una combinazione aziendale.
Kairous Acquisition Corp. (NASDAQ: KACL), una sociedad de adquisición de propósito especial, ha anunciado una extensión del plazo para la combinación empresarial. El patrocinador de la empresa, Kairous Asia, ha depositado 50.000 dólares en la Cuenta de Fideicomiso para extender el período de finalización por un mes, del 16 de agosto de 2024 al 16 de septiembre de 2024.
A cambio del depósito, la empresa emitió una nota promisoria al patrocinador. Esta nota no genera intereses y se convertirá en acciones ordinarias a 10,10 dólares por acción al cerrar una combinación empresarial. La extensión tiene como objetivo proporcionar tiempo adicional a Kairous Acquisition Corp. para finalizar una combinación empresarial.
Kairous Acquisition Corp. (NASDAQ: KACL)는 특별목적 인수회사로서 사업 조합 기한 연장을 발표했습니다. 회사의 스폰서인 Kairous Asia는 신탁 계좌에 50,000달러를 예치하여 완료 기간을 한 달 연장했습니다. 기간은 2024년 8월 16일에서 2024년 9월 16일로 변경됩니다.
예치금에 대한 대가로 회사는 스폰서에게 약속어음을 발행했습니다. 이 어음은 이자가 없으며, 사업 조합이 완료될 때 주당 10.10달러로 보통주로 전환됩니다. 연장의 목적은 Kairous Acquisition Corp.가 사업 조합을 마무리할 추가 시간을 제공하는 것입니다.
Kairous Acquisition Corp. (NASDAQ: KACL), une société d'acquisition à but spécifique, a annoncé une prolongation de son échéance pour la combinaison d'entreprise. Le sponsor de la société, Kairous Asia, a déposé 50 000 dollars sur le compte de fiducie pour prolonger la période de réalisation d'un mois, du 16 août 2024 au 16 septembre 2024.
En échange du dépôt, la société a émis une note de promesse au sponsor. Cette note ne porte pas d'intérêts et sera convertie en actions ordinaires au prix de 10,10 dollars par action lors de la clôture de la combinaison d'entreprise. L'extension vise à donner à Kairous Acquisition Corp. plus de temps pour finaliser une combinaison d'entreprise.
Kairous Acquisition Corp. (NASDAQ: KACL), ein Unternehmen zur Durchführung von Übernahmen zu speziellen Zwecken, hat eine Fristverlängerung für die Unternehmenszusammenlegung angekündigt. Der Sponsor des Unternehmens, Kairous Asia, hat 50.000 Dollar auf das Treuhandkonto eingezahlt, um den Abschlusszeitraum um einen Monat zu verlängern, von 16. August 2024 bis 16. September 2024.
Im Austausch für die Einzahlung hat das Unternehmen eine Schuldanerkenntnis an den Sponsor ausgegeben. Dieses Dokument trägt keine Zinsen und wird bei Abschluss einer Unternehmenszusammenlegung in Stammaktien zu einem Preis von 10,10 Dollar pro Aktie umgewandelt. Die Verlängerung zielt darauf ab, Kairous Acquisition Corp. zusätzliche Zeit zu geben, um eine Unternehmenszusammenlegung abzuschließen.
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Singapore, Aug. 16, 2024 (GLOBE NEWSWIRE) -- 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
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.com
FAQ
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