(NASDAQ: KAC)a special purpose acquisition company, has announced an extension of the deadline for the merger of its companies. The company’s sponsor, Cairo Asia has deposited $50,000 into the escrow account to extend the completion deadline by one month, from 16 August 2024 to 16 September 2024.
In consideration for the deposit, the Company issued a promissory note to the Sponsor. The note is non-interest bearing and will be converted into common stock at a price of $10.10 per share upon completion of a business combination. The extension is intended to provide Kairous Acquisition Corp. with additional time to complete a business combination.
(NASDAQ: KAC)an acquisition company for special Scopi, announced a scandal event for the Aziendale combination. I am a sponsor of the company, Cairo AsiaYou deposited $50,000 into the escrow account to extend the closing period a few months ago 16 August 2024 and 16 September 2024.
In the course of the deposit, the company has established a new sponsor. These indicate that they are not of interest and that in Asia they usually cost $10.10 per season while coming together in a combination of Asia. The intention to listen to Kairous Acquisition Corp. once again to complete a joint combination.
(NASDAQ: KAC)a special asset management company, has announced an expansion of the space for the business combination. The company’s patron, Cairo AsiaI deposited 50,000 dollars in the Fideicomiso account to extend the closing period by a few months 16 August 2024 to 16 September 2024.
By changing the deposit, the company made a promise to the promoter. This is not interest and is converted into ordinary special terms of $10.10 when you acquire a corporate combination. The extension was agreed as an additional goal at Kairous Acquisition Corp. to complete a corporate combination.
(NASDAQ: KAC)는 특별목적 인수회사로서 회사의 스폰서인 Cairo AsiaThe total is 50,000 euros, the total is 50,000 euros. Isn’t it August 8, 2024, September 16, 2024, September 9, 16This is really a great thing.
예치금에 대한 대가로 회사는 스폰서에게 약속어음을 발행했습니다. In the last version, version 10.10 and the current version were updated. The company was acquired by Kairous Acquisition Corp. founded.
(NASDAQ: KAC)a special purpose acquisition company that announced an extension of its success for the business combination. The company’s sponsor, Cairo Asiaa deposit of $50,000 on the escrow to extend the implementation period by one month 16 August 2024 to 16 September 2024.
When changing deposits, the company issued a notice of sponsorship. This does not apply in the event that the deposit is not possible and it will be converted in regular actions at a price of $10.10 per action for the completion of the business combination. The expansion vice was acquired by Kairous Acquisition Corp. and additionally provided temporary work to complete a business combination.
(NASDAQ: KAC)a special purpose acquisition company, has announced an extension of the deadline for the business combination. The company’s sponsor, Cairo Asiahas deposited $50,000 into the escrow account to extend the closing period by one month, from 16 August 2024 to 16 September 2024.
In exchange for the deposit, the Company has issued an acknowledgment of debt to the Sponsor. This document bears no interest and will be converted into common stock at a price of $10.10 per share in the event of a business combination. The extension is intended to provide Kairous Acquisition Corp. additional time to complete a business combination.
Singapore, August 16, 2024 (GLOBE NEWSWIRE) — Kairous Acquisition Corp. Limited (NASDAQ: KACL, the “Company”), a special purpose acquisition company, today announced that Kairous Asia Limited, the sponsor of the Company’s initial public offering (“Sponsor”), has paid into the Company’s escrow account (the “Escrow Account”) a total 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, stock purchase, reorganization or similar business combination with one or more businesses.
Forward-looking statements
This press release contains forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including the successful completion of the Company’s initial public offering, are subject to risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. The Company expressly disclaims any obligation 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
[email protected]
Frequently Asked Questions
What is the new deadline for closing the Kairous Acquisition Corp. (KACLU) business combination?
The new deadline for Kairous Acquisition Corp. (KACLU) to complete its business combination is September 16, 2024, an extension from the previous date of August 16, 2024.
How much did the sponsor contribute to extend the business combination period of Kairous Acquisition Corp. (KACLU)?
Sponsor Kairous Asia deposited $50,000 into the escrow account to extend the business combination period of Kairous Acquisition Corp. (KACLU) by one month.
What are the terms of the promissory note issued by Kairous Acquisition Corp. (KACLU) to its sponsor?
The promissory note issued to the sponsor is non-interest bearing and will be converted into common stock upon completion of a business combination by Kairous Acquisition Corp. (KACLU) at a price of $10.10 per share.
Why did Kairous Acquisition Corp. (KACLU) extend its business combination deadline?
Kairous Acquisition Corp. (KACLU) has extended its business combination closing date to provide more time to complete a business combination.
