Welcome to our dedicated page for Kairous Acquisition news (Ticker: KACLU), a resource for investors and traders seeking the latest updates and insights on Kairous Acquisition stock.
Kairous Acquisition Corp. Limited, historically linked to the unit ticker KACLU, generates news primarily through its activities as a special purpose acquisition company (SPAC). Company announcements and filings focus on its initial public offering, the structure and trading of its units, ordinary shares, warrants and rights, and its efforts to identify and execute a business combination.
News coverage has included the pricing and closing of the company’s Nasdaq-listed IPO, where units consisting of one ordinary share, one half of one redeemable warrant and one right to receive one-tenth of an ordinary share began trading under the KACLU symbol. Subsequent updates have described the transition of these securities to trading on the OTC Markets Group, Inc. under new symbols for the units, shares, warrants and rights.
Another key news theme involves proposed mergers. A joint press release announced a definitive merger agreement between Kairous Acquisition Corp. Limited and Wellous Group Limited, an Asia-based nutrition and health food company. That announcement detailed the planned renaming of the combined company to Wellous Group Holdings Limited and outlined the conditions required for closing, such as shareholder and regulatory approvals.
Regulatory news has also highlighted material events affecting the company’s structure and timeline. An 8-K filing reported that the company did not make the required deposit to extend its business combination period, triggering provisions in its charter related to winding down operations, liquidating the trust account and redeeming public ordinary shares. Another 8-K described the mutual termination of an Amended and Restated Agreement and Plan of Merger involving NRF Consumer Limited, Nove Foods Limited and Bamboo Mart Limited.
Investors and observers following KACLU-related news can use this page to review announcements about IPO milestones, proposed and terminated mergers, trust account and redemption developments, and changes in the trading venues and symbols for the company’s securities.
Kairous Acquisition Corp. (NASDAQ: KACL) has announced that its IPO sponsor, Kairous Asia , has made a $50,000 deposit into the company's trust account. This deposit extends the company's deadline to complete a business combination by one month, moving from January 16, 2025 to February 16, 2025.
In exchange for the deposit, the company issued a non-interest-bearing promissory note to the sponsor. This note will be converted into ordinary shares at $10.10 per share when the company completes a business combination. The extension aims to provide additional time for the company to finalize a business combination transaction.
Kairous Acquisition Corp. (NASDAQ: KACL) has announced that its IPO sponsor, Kairous Asia , has deposited $50,000 into the company's trust account to extend its business combination completion deadline. This extension moves the deadline from December 16, 2024 to January 16, 2025, providing an additional month for the company to complete a business combination.
In exchange for the deposit, the company issued a non-interest-bearing promissory note to the sponsor, which will be converted into ordinary shares at $10.10 per share upon successful completion of a business combination.
Kairous Acquisition Corp. (NASDAQ: KACL) announced that its IPO sponsor, Kairous Asia , has deposited $50,000 into the company's trust account to extend its business combination completion period by one month. The extension moves the deadline from November 16, 2024 to December 16, 2024.
The company issued a promissory note to the sponsor for the deposited amount, which bears no interest and will convert into ordinary shares at $10.10 per share upon completion of a business combination. This extension aims to provide additional time for the company to complete its 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), 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), 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), 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 period for completing a business combination by one month, from July 16, 2024 to August 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.
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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