Kairous Acquisition Corp. Ltd Files Q3 2024 10-Q
Ticker: KACLF · Form: 10-Q · Filed: May 20, 2024 · CIK: 1865468
| Field | Detail |
|---|---|
| Company | Kairous Acquisition Corp. Ltd (KACLF) |
| Form Type | 10-Q |
| Filed Date | May 20, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, acquisition-corp
TL;DR
KACL 10-Q filed. Financials for Q3 2024 out. Check warrants & rights.
AI Summary
Kairous Acquisition Corp. Ltd filed its 10-Q for the period ending March 31, 2024. The company, incorporated in E9, reported its financial status as of June 30, 2023, and for the nine months ended March 31, 2024. Key financial components include ordinary shares, redeemable warrants, and rights. The company's business address is in Singapore.
Why It Matters
This filing provides investors with an update on Kairous Acquisition Corp. Ltd's financial performance and position for the third quarter of fiscal year 2024.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags or significant new information indicating elevated risk.
Key Numbers
- 0.0001 — Par Value of Ordinary Shares (Indicates the nominal value assigned to each ordinary share.)
- 11.50 — Exercise Price of Redeemable Warrants (The price at which holders can exercise their warrants to purchase ordinary shares.)
Key Players & Entities
- Kairous Acquisition Corp. Ltd (company) — Filer of the 10-Q
- 0001865468 (company) — Central Index Key for Kairous Acquisition Corp. Ltd
- March 31, 2024 (date) — End of the reporting period
- June 30, 2023 (date) — Fiscal year end
- Singapore (location) — Business and mailing address location
FAQ
What is the reporting period for this 10-Q filing?
The reporting period is for the nine months ended March 31, 2024.
What are the main financial instruments mentioned in the filing?
The filing mentions Units consisting of ordinary shares, redeemable warrants, and rights.
What is the exercise price for the redeemable warrants?
The exercise price for the redeemable warrants is $11.50.
Where is Kairous Acquisition Corp. Ltd located?
The company's business and mailing address is Level 39, Marina Bay Financial Centre, Tower 2, 10 Marina Boulevard, Singapore.
What is the fiscal year end for Kairous Acquisition Corp. Ltd?
The fiscal year end is June 30.
Filing Stats: 4,709 words · 19 min read · ~16 pages · Grade level 18.9 · Accepted 2024-05-20 16:05:34
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
Filing Documents
- form10-q.htm (10-Q) — 630KB
- ex31-1.htm (EX-31.1) — 19KB
- ex31-2.htm (EX-31.2) — 19KB
- ex32-1.htm (EX-32.1) — 8KB
- ex32-2.htm (EX-32.2) — 8KB
- 0001493152-24-020672.txt ( ) — 3676KB
- kacl-20240331.xsd (EX-101.SCH) — 31KB
- kacl-20240331_cal.xml (EX-101.CAL) — 28KB
- kacl-20240331_def.xml (EX-101.DEF) — 176KB
- kacl-20240331_lab.xml (EX-101.LAB) — 236KB
- kacl-20240331_pre.xml (EX-101.PRE) — 205KB
- form10-q_htm.xml (XML) — 457KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 3 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 8 Item 4.
Controls and Procedures
Controls and Procedures 8
– OTHER INFORMATION
PART II – OTHER INFORMATION 8 Item 1.
Legal Proceedings
Legal Proceedings 8 Item 1A.
Risk Factors
Risk Factors 8 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 9 Item 3. Defaults Upon Senior Securities 9 Item 4. Mine Safety Disclosures 9 Item 5. Other Information 9 Item 6. Exhibits 9
SIGNATURES
SIGNATURES 10 2 PART I – FINANCIAL STATEMENTS KAIROUS ACQUISITION CORP. LIMITED UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS March 31, 2024 June 30, 2023 (unaudited) ASSETS Current Assets: Cash $ 385 $ 39,359 Prepaid expenses and other assets 16,724 72,810 Total Current Assets 17,109 112,169 Cash and investments held in the Trust Account 15,792,577 22,802,239 Total Assets $ 15,809,686 $ 22,914,408 LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS' DEFICIT Current liabilities: Accounts payable and accrued expenses $ 309,689 $ 123,638 Extension loans 1,640,000 840,000 Working capital note - sponsor 881,066 420,000 Total Current Liabilities 2,830,755 1,383,638 Deferred underwriting commission 2,730,000 2,730,000 Total Liabilities 5,560,755 4,113,638 COMMITMENTS AND CONTINGENCIES (Note 6) - - Ordinary shares subject to possible redemption, $ 0.0001 par value; 1,337,763 shares and 2,089,816 shares outstanding at March 31, 2024 and June 30, 2023, respectively (at redemption value) 15,792,577 22,802,239 Shareholders' Deficit: Ordinary shares, $ 0.0001 par value, 500,000,000 shares authorized, 2,346,143 shares issued and outstanding at March 31, 2024 and June 30, 2023 (excluding 1,337,763 and 2,089,816 shares subject to possible redemption at March 31, 2024 and June 30, 2023, respectively) 235 235 Accumulated deficit ( 5,543,881 ) ( 4,001,704 ) Total Shareholders' Deficit ( 5,543,646 ) ( 4,001,469 ) Total Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit $ 15,809,686 $ 22,914,408 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements F-1 KAIROUS ACQUISITION CORP. LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS 2024 2023 2024 2023 For the Three Months Ended March 31, For the Nine Months Ended March 31, 2024 2023 2024 2023