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 initial public offering sponsor, Kairous Asia , has deposited $50,000 into the Company's trust account to extend the completion period by one month, from October 16, 2024 to November 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 the Company to complete its business combination process.
Kairous Acquisition Corp. (NASDAQ: KACL), una società di acquisizione a scopo speciale, ha annunciato un'estensione della scadenza per la sua combinazione aziendale. Lo sponsor dell'offerta pubblica iniziale della società, Kairous Asia, ha depositato $50.000 nel conto di deposito della società per estendere il periodo di completamento di un mese, dal 16 ottobre 2024 al 16 novembre 2024.
In cambio del deposito, la società ha emesso una cambiale allo sponsor. Questa cambiale non porta interessi e sarà convertita in azioni ordinarie a $10,10 per azione alla chiusura di una combinazione aziendale. L'estensione mira a fornire ulteriore tempo alla società per completare il processo di combinazione aziendale.
Kairous Acquisition Corp. (NASDAQ: KACL), una compañía de adquisiciones de propósito especial, ha anunciado una extensión de la fecha límite para su combinación empresarial. El patrocinador de la oferta pública inicial de la compañía, Kairous Asia, ha depositado $50,000 en la cuenta fiduciaria de la compañía para extender el período de finalización por un mes, del 16 de octubre de 2024 al 16 de noviembre de 2024.
Como contraprestación por el depósito, la compañía emitió un pagaré al patrocinador. Este pagaré no devenga intereses y se convertirá en acciones ordinarias a $10.10 por acción al cierre de una combinación empresarial. La extensión tiene como objetivo proporcionar tiempo adicional a la compañía para completar su proceso de combinación empresarial.
Kairous Acquisition Corp. (NASDAQ: KACL), 특수목적 인수 회사, 는 사업 결합 마감 기한을 연장한다고 발표했습니다. 회사의 최초 공개 모집 스폰서인 Kairous Asia는 사업 완료 기간을 한 달 연장하기 위해 회사의 신탁 계좌에 $50,000를 예치했습니다. 이는 2024년 10월 16일에서 2024년 11월 16일로 변경됩니다.
예치금에 대한 보상으로 회사는 스폰서에게 약속어음을 발행했습니다. 이 어음은 이자를 발생시키지 않으며 사업 결합 완료 시 주당 $10.10에 보통주로 전환됩니다. 이번 연장은 회사가 사업 결합 절차를 완료할 수 있도록 추가 시간을 제공하는 것을 목표로 하고 있습니다.
Kairous Acquisition Corp. (NASDAQ: KACL), une société d'acquisition à but spécial, a annoncé une prolongation de la date limite de sa combinaison d'affaires. Le sponsor de l'offre publique initiale de la société, Kairous Asia, a déposé $50,000 sur le compte fiduciaire de la société pour prolonger la période d'achèvement de un mois, du 16 octobre 2024 au 16 novembre 2024.
En échange du dépôt, la société a émis un billet à ordre au Sponsor. Ce billet ne génère pas d'intérêts et sera converti en actions ordinaires à $10,10 par action lors de la clôture d'une combinaison d'affaires. La prolongation vise à donner à la société un temps supplémentaire pour finaliser son processus de combinaison d'affaires.
Kairous Acquisition Corp. (NASDAQ: KACL), ein Unternehmen für spezielle Erwerbszwecke, hat eine Verlängerung der Frist für seine Unternehmensfusion angekündigt. Der Sponsor des Börsengangs des Unternehmens, Kairous Asia, hat $50.000 auf das Treuhandkonto des Unternehmens eingezahlt, um den Abschlusszeitraum um einen Monat zu verlängern, vom 16. Oktober 2024 bis zum 16. November 2024.
Im Austausch für die Einzahlung hat das Unternehmen eine Schuldanerkenntnis an den Sponsor ausgegeben. Dieses Darlehen trägt keine Zinsen und wird bei Abschluss einer Unternehmensfusion zu $10,10 pro Aktie in Stammaktien umgewandelt. Die Verlängerung zielt darauf ab, dem Unternehmen zusätzliche Zeit zu geben, um den Prozess der Unternehmensfusion abzuschließen.
- None.
- None.
Singapore, Oct. 17, 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@gmail.com
FAQ
What is the new deadline for Kairous Acquisition Corp. (KACLU) to complete its business combination?
How much money did the sponsor deposit to extend KACLU's business combination period?
What is the conversion price of the promissory note issued by KACLU to its sponsor?
How long is the extension period granted to KACLU for completing its business combination?
