Kairous Acquisition Corp. Ltd Reports Material Definitive Agreement
Ticker: KACLF · Form: 8-K · Filed: Jan 16, 2024 · CIK: 1865468
| Field | Detail |
|---|---|
| Company | Kairous Acquisition Corp. Ltd (KACLF) |
| Form Type | 8-K |
| Filed Date | Jan 16, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $11.50, $50,000, $10.10 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: SPAC, material-agreement, financial-obligation, merger-progress
TL;DR
**Kairous Acquisition Corp. Ltd just signed a key deal, signaling progress on its SPAC merger.**
AI Summary
Kairous Acquisition Corp. Ltd (KACLU) filed an 8-K on January 16, 2024, reporting a material definitive agreement and the creation of a direct financial obligation on January 10, 2024. This filing indicates that the company, a SPAC, is moving forward with its business combination process, which is crucial for its future operations. For investors, this means Kairous is progressing towards a potential merger, which could significantly impact the stock's value depending on the target company and deal terms.
Why It Matters
This filing signals Kairous Acquisition Corp. Ltd is advancing towards a business combination, which is the primary goal of a SPAC. The success or failure of this agreement will determine the company's future and the value of its shares.
Risk Assessment
Risk Level: medium — While progress is being made, the specific details of the material definitive agreement and the financial obligation are not disclosed, leaving uncertainty about the terms and potential success of the business combination.
Analyst Insight
Investors should monitor Kairous Acquisition Corp. Ltd for further announcements regarding the specific terms of the material definitive agreement and the identity of the target company, as these details will significantly influence the stock's future performance. Without more information, it's difficult to assess the true value or risk.
Key Numbers
- 0.0001 — Par Value per Ordinary Share (The nominal value of Kairous Acquisition Corp. Ltd's ordinary shares.)
- 11.50 — Exercise Price per Redeemable Warrant (The price at which each redeemable warrant can be exercised for one ordinary share.)
- 1/2 — Fraction of Redeemable Warrant per Unit (Each unit consists of one ordinary share and one-half of one redeemable warrant.)
- 1/10 — Fraction of Ordinary Share per Right (Each right entitles the holder to receive one-tenth of one ordinary share.)
Key Players & Entities
- Kairous Acquisition Corp. Ltd (company) — the registrant filing the 8-K
- 001-41155 (other) — Commission File Number
- January 10, 2024 (date) — Date of earliest event reported
- January 16, 2024 (date) — Date of 8-K filing
- Cayman Islands (other) — State of incorporation
- Level 39 Marina Bay Financial Centre Tower 2 , 10 Marina Boulevard , City Singapore 018983 , Singapore (other) — Principal Executive Offices address
- +662 - 255-6851340 (other) — Registrant's telephone number
Forward-Looking Statements
- Kairous Acquisition Corp. Ltd will announce the specific target company for its business combination. (Kairous Acquisition Corp. Ltd) — medium confidence, target: 2024-07-10
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 10, 2024, and involved the entry into a material definitive agreement and the creation of a direct financial obligation.
What is the par value of Kairous Acquisition Corp. Ltd's ordinary shares?
The par value of Kairous Acquisition Corp. Ltd's ordinary shares is $0.0001 per share, as indicated by the 'OrdinarySharesParValue0.0001PerShareMember' tag in the filing.
What is the exercise price for Kairous Acquisition Corp. Ltd's redeemable warrants?
The exercise price for Kairous Acquisition Corp. Ltd's redeemable warrants is $11.50 per share, as stated in the 'RedeemableWarrantsEachExercisableForOneOrdinaryShareAtExercisePriceOf11.50IncludedAsPartOfUnitsMember' tag.
What does each unit of Kairous Acquisition Corp. Ltd consist of?
Each unit of Kairous Acquisition Corp. Ltd consists of one ordinary share with a $0.0001 par value, one-half (1/2) of one redeemable warrant, and one right entitling the holder to receive one-tenth (1/10) of one ordinary share, according to the 'KACLU:UnitsEachConsistingOfOneOrdinaryShare0.0001ParValueOnehalf12OfOneRedeemableWarrantAndOneRightEntitlingHolderToReceiveOnetenthOfOneOrdinaryShareMember' tag.
Where are Kairous Acquisition Corp. Ltd's principal executive offices located?
Kairous Acquisition Corp. Ltd's principal executive offices are located at Level 39 Marina Bay Financial Centre Tower 2, 10 Marina Boulevard, City Singapore 018983, Singapore.
Filing Stats: 673 words · 3 min read · ~2 pages · Grade level 11.4 · Accepted 2024-01-16 17:00:14
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
- $50,000 — te in the aggregate principal amount of $50,000 (the "Note") to Kairous Asia Limited, t
- $10.10 — ary shares of the Company at a price of $10.10 per share at the closing of a business
Filing Documents
- form8-k.htm (8-K) — 50KB
- ex10-1.htm (EX-10.1) — 31KB
- ex99-1.htm (EX-99.1) — 7KB
- ex99-1_001.jpg (GRAPHIC) — 11KB
- 0001493152-24-002478.txt ( ) — 343KB
- kaclu-20240110.xsd (EX-101.SCH) — 5KB
- kaclu-20240110_def.xml (EX-101.DEF) — 27KB
- kaclu-20240110_lab.xml (EX-101.LAB) — 38KB
- kaclu-20240110_pre.xml (EX-101.PRE) — 26KB
- form8-k_htm.xml (XML) — 8KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: January 16, 2024 Kairous Acquisition Corp. Limited By: /s/ Athiwat Apichote Name: Athiwat Apichote Title: Chief Executive Officer