Kairous Acquisition Corp. Ltd Files 10-Q for Q3 2024
Ticker: KACLF · Form: 10-Q · Filed: Nov 18, 2024 · CIK: 1865468
| Field | Detail |
|---|---|
| Company | Kairous Acquisition Corp. Ltd (KACLF) |
| Form Type | 10-Q |
| Filed Date | Nov 18, 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
Kairous Acquisition Corp. Ltd 10-Q filed. Details on shares, warrants, and rights. FY ends June 30.
AI Summary
Kairous Acquisition Corp. Ltd filed its 10-Q for the period ending September 30, 2024. The filing details the company's ordinary shares, redeemable warrants, and rights, which are part of units. The company's fiscal year ends on June 30.
Why It Matters
This filing provides investors with an update on Kairous Acquisition Corp. Ltd's financial status and corporate structure for the third quarter of 2024.
Risk Assessment
Risk Level: low — This is a routine 10-Q filing providing standard financial and corporate information.
Key Numbers
- 0.0001 — Par Value (Par value of ordinary shares and units)
- 11.50 — Exercise Price (Exercise price for redeemable warrants)
Key Players & Entities
- Kairous Acquisition Corp. Ltd (company) — Filer of the 10-Q
- 0001865468 (company) — Central Index Key for Kairous Acquisition Corp. Ltd
- 20240930 (date) — Period of report for the 10-Q
- 20241118 (date) — Filing date of the 10-Q
- 662-255-6851340 (dollar_amount) — Business phone number (likely a typo in the source, but presented as is)
FAQ
What is the reporting period for this 10-Q filing?
The reporting period is for the quarter ended September 30, 2024.
When was this 10-Q filing submitted to the SEC?
The filing was submitted on November 18, 2024.
What are the components of the units offered by Kairous Acquisition Corp. Ltd?
Each unit consists of one ordinary share, one-half of a redeemable warrant, and one right to receive one-tenth of an ordinary share.
What is the exercise price for the redeemable warrants?
The exercise price for the redeemable warrants is $11.50.
When does Kairous Acquisition Corp. Ltd's fiscal year end?
The company's fiscal year ends on June 30.
Filing Stats: 4,700 words · 19 min read · ~16 pages · Grade level 18.7 · Accepted 2024-11-15 20:19:22
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) — 585KB
- ex31-1.htm (EX-31.1) — 11KB
- ex31-2.htm (EX-31.2) — 12KB
- ex32-1.htm (EX-32.1) — 5KB
- ex32-2.htm (EX-32.2) — 5KB
- 0001493152-24-046374.txt ( ) — 3560KB
- kacl-20240930.xsd (EX-101.SCH) — 30KB
- kacl-20240930_cal.xml (EX-101.CAL) — 27KB
- kacl-20240930_def.xml (EX-101.DEF) — 177KB
- kacl-20240930_lab.xml (EX-101.LAB) — 229KB
- kacl-20240930_pre.xml (EX-101.PRE) — 202KB
- form10-q_htm.xml (XML) — 448KB
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 September 30, 2024 June 30, 2024 (unaudited) ASSETS Current Assets: Cash $ 6,103 $ 985 Prepaid expenses and other current assets 38,426 72,202 Total Current Assets 44,529 73,187 Cash held in the Trust Account 16,515,991 16,152,108 Total Assets $ 16,560,520 $ 16,225,295 LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS' DEFICIT Current liabilities: Accounts payable and accrued expenses $ 416,300 $ 307,654 Extension loans 1,940,000 1,790,000 Working capital note - sponsor 1,204,840 1,111,370 Total Current Liabilities 3,561,140 3,209,024 Deferred underwriting commission 2,730,000 2,730,000 Total Liabilities 6,291,140 5,939,024 COMMITMENTS AND CONTINGENCIES (Note 6) - - Ordinary shares subject to possible redemption, $ 0.0001 par value; 1,337,763 shares and 1,337,763 shares outstanding at September 30, 2024 and June 30, 2024, respectively (at redemption value) 16,515,991 16,152,108 Shareholders' Deficit: Ordinary shares, $ 0.0001 par value, 500,000,000 shares authorized, 2,346,143 shares issued and outstanding at September 30, 2024 and June 30, 2024 (excluding 1,337,763 and 1,337,763 shares subject to possible redemption at September 30, 2024 and June 30, 2024, respectively) 235 235 Accumulated deficit ( 6,246,846 ) ( 5,866,072 ) Total Shareholders' Deficit ( 6,246,611 ) ( 5,865,837 ) Total Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit $ 16,560,520 $ 16,225,295 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 For the Three Months Ended September 30, 2024 2023 Expenses Administration fee - related part