On June 17, 2024, Kairous Acquisition Corp. (NASDAQ: KACL) announced an additional $50,000 deposit into its trust account by Kairous Asia , the company's IPO sponsor. This deposit extends the deadline to complete a business combination from June 16, 2024, to July 16, 2024. Kairous Acquisition issued a promissory note to the sponsor for the deposited amount, which will convert to ordinary shares at $10.10 per share upon closing a business combination. The extension aims to provide more time to finalize a business combination.
Kairous Acquisition Corp. (NASDAQ: KACLU) announced an additional $50,000 deposit into its trust account to extend the period for completing a business combination. This extension moves the deadline from May 16, 2024, to June 16, 2024. The deposit, made by Kairous Asia , the company's IPO sponsor, is documented via a promissory note. This note bears no interest and will convert into shares at a price of $10.10 per share upon successful completion of a business combination. The extension aims to provide Kairous Acquisition Corp. more time to finalize a business merger.
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