Kairous Acquisition Corp. Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
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Kairous Acquisition Corp. Limited (NASDAQ: KACL) announced an additional contribution of $1,000 to its trust account by Kairous Asia Limited, its IPO sponsor, to extend the deadline for completing a business combination by one month, from December 16, 2024, to January 16, 2025. A promissory note will be issued to the sponsor, convertible into ordinary shares at $0.10 per share upon closing of the business combination. This extension aims to provide more time for the company to finalize a merger or acquisition.
Source: GlobeNewswire The copyright of this article belongs to the original author/organization.
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