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 deadline for completing a business combination. The company's sponsor, Kairous Asia , has deposited $50,000 into the Trust Account to extend the period by one month, from September 16, 2024, to October 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 complete its business combination process.
Kairous Acquisition Corp. (NASDAQ: KACL), una società di acquisizione per scopi speciali, ha annunciato un'estensione della scadenza per completare una combinazione aziendale. Lo sponsor della società, Kairous Asia, ha depositato $50.000 nel Conto Fiduciario per estendere il periodo di un mese, dal 16 settembre 2024 al 16 ottobre 2024.
In cambio del deposito, la società ha emesso una cambiale allo sponsor. Questa cambiale non produce interessi e sarà convertita in azioni ordinarie a $10,10 per azione al momento della chiusura della combinazione aziendale. L'estensione ha lo scopo di fornire ulteriore tempo a Kairous Acquisition Corp. per completare il processo di combinazione aziendale.
Kairous Acquisition Corp. (NASDAQ: KACL), una compañía de adquisición de propósito especial, ha anunciado una extensión de su plazo para completar una combinación empresarial. El patrocinador de la compañía, Kairous Asia, ha depositado $50,000 en la Cuenta Fiduciaria para extender el período en un mes, desde 16 de septiembre de 2024 hasta el 16 de octubre de 2024.
Como compensación por el depósito, la compañía emitió un pagaré al patrocinador. Este pagaré no genera intereses y será convertido en acciones ordinarias a $10.10 por acción al cierre de la combinación empresarial. La extensión tiene como objetivo proporcionar más tiempo a Kairous Acquisition Corp. para completar su proceso de combinación empresarial.
카이루스 인수 주식회사 (NASDAQ: KACL), 특수 목적 인수 회사가 사업 결합 완료를 위한 마감일 연장을 발표했습니다. 회사의 스폰서인 카이루스 아시아는 신탁 계좌에 $50,000를 예치하여 기간을 한 달 연장했습니다. 2024년 9월 16일에서 2024년 10월 16일로.
예치금에 대한 대가로 회사는 스폰서에게 약속어음을 발행했습니다. 이 약속어음은 이자가 없으며 사업 결합 마감 시 주당 $10.10에 보통주로 전환됩니다. 이 연장의 목적은 카이루스 인수 주식회사가 사업 결합 과정을 완료할 추가 시간을 제공하는 것입니다.
Kairous Acquisition Corp. (NASDAQ: KACL), une société d'acquisition à but spécial, a annoncé une prolongation de la date limite pour réaliser une combinaison d'entreprises. Le sponsor de la société, Kairous Asia, a déposé 50 000 $ dans le compte fiduciaire pour prolonger la période d'un mois, du 16 septembre 2024 au 16 octobre 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 à 10,10 $ par action lors de la clôture de la combinaison d'entreprises. La prolongation vise à fournir un temps supplémentaire à Kairous Acquisition Corp. pour finaliser son processus de combinaison d'entreprises.
Kairous Acquisition Corp. (NASDAQ: KACL), ein Unternehmen für spezielle Übernahmen, hat eine Fristverlängerung für den Abschluss einer Unternehmenszusammenschlüssen angekündigt. Der Sponsor des Unternehmens, Kairous Asia, hat $50.000 in das Treuhandkonto eingezahlt, um den Zeitraum um einen Monat zu verlängern, von 16. September 2024 bis 16. Oktober 2024.
Im Gegenzug für die Einzahlung hat das Unternehmen eine Schuldanerkennung an den Sponsor ausgegeben. Diese Schuldanerkennung trägt keine Zinsen und wird beim Abschluss einer Unternehmenszusammenschlüsse zum Preis von $10,10 pro Aktie in Stammaktien umgewandelt. Die Verlängerung zielt darauf ab, Kairous Acquisition Corp. zusätzliche Zeit zu geben, um den Prozess der Unternehmenszusammenschlüsse abzuschließen.
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Singapore, Sept. 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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