Kairous Acquisition Corp. Ltd Files 2024 10-K

TL;DR

Kairous Acquisition Corp. Ltd filed its 2024 10-K. SPAC company, Singapore HQ.

AI Summary

Kairous Acquisition Corp. Ltd filed its 10-K for the fiscal year ending June 30, 2024. The company, incorporated in E9, is a blank check company focused on real estate and construction. Its principal executive offices are located at Level 39 Marina Bay Financial Centre, Tower 2, 10 Marina Boulevard, Singapore.

Why It Matters

This filing provides a comprehensive overview of Kairous Acquisition Corp. Ltd's financial performance and operational status for the past fiscal year, crucial for investors assessing the company's trajectory.

Risk Assessment

Risk Level: low — This is a standard 10-K filing for a SPAC, and the provided text does not contain specific financial performance data or significant risk disclosures.

Key Numbers

• 2024-06-30 — Fiscal Year End (Reporting period for the 10-K)
• 2024-10-08 — Filing Date (Date the 10-K was filed with the SEC)

Key Players & Entities

• Kairous Acquisition Corp. Ltd (company) — Filer of the 10-K
• 0001865468 (company) — Central Index Key for Kairous Acquisition Corp. Ltd
• Singapore (location) — Location of business and mail address
• 6770 (industry_code) — Standard Industrial Classification for Blank Checks

FAQ

Key Financial Figures

• $0.0001 — each consisting of one ordinary share, $0.0001 par value, one-half (1/2) of one redeem
• $11.50 — ordinary share at an exercise price of $11.50 included as part of the units KACLW
• $10.00 — Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of
• $78,000,000 — per Unit, generating gross proceeds of $78,000,000. On December 16, 2021, simultaneously
• $3,571,430 — vate Unit, generating total proceeds of $3,571,430. The Private Units are identical to the
• $78,780,000 — tial business combination. A total of $78,780,000 of the net proceeds from the sale of Un
• $188,000,000 — ed to amend the merger consideration to $188,000,000 with two portions of earn out payments.
• $12.50 — (" VWAP ") is equal to or greater than $12.50 per share for any 20 out of 30 consecut
• $15.00 — if the VWAP is equal to or greater than $15.00 per share for any 20 out of 30 consecut
• $17.50 — if the VWAP is equal to or greater than $17.50 per share for any 20 out of 30 consecut
• $122,800,000 — on December 31, 2025 equals or exceeds $122,800,000, Purchaser shall issue to the Bamboo Sh
• $170,200,000 — on December 31, 2026 equals or exceeds $170,200,000, in addition to the issuance of the Tra
• $360,000 — 16, 2022 to June 16, 2023 by depositing $360,000 to the Trust Account for each three-mon
• $120,000 — 2023 to December 16, 2023 by depositing $120,000 to the Trust Account for each one-month
• $50,000 — 24 by depositing into the trust account $50,000 for each one-month extension. On Dece

Filing Documents

• form10-k.htm (10-K) — 982KB
• ex31-1.htm (EX-31.1) — 14KB
• ex31-2.htm (EX-31.2) — 14KB
• ex32-1.htm (EX-32.1) — 8KB
• ex32-2.htm (EX-32.2) — 8KB
• ex97-1.htm (EX-97.1) — 43KB
• logo_001.jpg (GRAPHIC) — 35KB
• 0001493152-24-040433.txt ( ) — 4488KB
• kacl-20240630.xsd (EX-101.SCH) — 32KB
• kacl-20240630_cal.xml (EX-101.CAL) — 29KB
• kacl-20240630_def.xml (EX-101.DEF) — 192KB
• kacl-20240630_lab.xml (EX-101.LAB) — 273KB
• kacl-20240630_pre.xml (EX-101.PRE) — 250KB
• form10-k_htm.xml (XML) — 474KB

BUSINESS

BUSINESS 1 ITEM 1A.

RISK FACTORS

RISK FACTORS 14 ITEM 1B. UNRESOLVED STAFF COMMENTS 14 ITEM 1C. CYBERSECURITY 14 ITEM 2.

PROPERTIES

PROPERTIES 15 ITEM 3.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 15 ITEM 4. MINE SAFETY DISCLOSURES 15 PART II ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 15 ITEM 6. [RESERVED] 16 ITEM 7.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 17 ITEM 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 20 ITEM 8.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 20 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 20 ITEM 9A.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 21 ITEM 9B. OTHER INFORMATION 21 ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 21 PART III ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 22 ITEM 11.

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 25 ITEM 12.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED SHAREHOLDER MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED SHAREHOLDER MATTERS 26 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 27 ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES 29 PART IV ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 30 ITEM 16. FORM 10-K SUMMARY 31 i EXPLANATORY NOTE References throughout this to the Annual Report on Form 10-K to "we," "us," the "Company" or "our company" are to Kairous Acquisition Corp. Limited, unless the context otherwise indicates. FORWARD LOOKING STATEMENTS This Annual Report on Form 10-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, or the Exchange Act. The statements contained in this report that are not purely historical are forward-looking statements. Our forward-looking statements include, but are not limited to, statements regarding our or our management's expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any assumptions, are forward-looking statements. The words "anticipates," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking ability to complete our initial business combination; success in retaining or recruiting, or changes required in, our officers, key employees or directors following our initial business combination; officers and directors allocating their time to other businesses

View Full Filing

View this 10-K filing on SEC EDGAR