Kairous Acquisition Corp. Ltd Details New Financial Obligations
Ticker: KACLF · Form: 8-K · Filed: Feb 16, 2024 · CIK: 1865468
| Field | Detail |
|---|---|
| Company | Kairous Acquisition Corp. Ltd (KACLF) |
| Form Type | 8-K |
| Filed Date | Feb 16, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $11.50, $50,000, $10.10, $200,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, debt, spac
TL;DR
**Kairous Acquisition Corp. Ltd just locked in new financial agreements and obligations, detailing its unit structure including warrants exercisable at $11.50.**
AI Summary
Kairous Acquisition Corp. Ltd filed an 8-K on February 16, 2024, reporting on events from February 12, 2024. The filing details the entry into a material definitive agreement and the creation of a direct financial obligation. It also specifies the components of its units, including ordinary shares with a $0.0001 par value, redeemable warrants exercisable at $11.50, and rights to receive one-tenth of an ordinary share.
Why It Matters
This filing provides transparency into Kairous Acquisition Corp. Ltd's financial structure and new commitments, which can impact its future operations and shareholder value.
Risk Assessment
Risk Level: medium — The filing indicates new financial obligations and material agreements, which can introduce both opportunities and risks depending on the specifics not fully detailed in this excerpt.
Key Numbers
- $0.0001 — Ordinary Share Par Value (The par value of Kairous Acquisition Corp. Ltd's ordinary shares.)
- $11.50 — Warrant Exercise Price (The price at which redeemable warrants can be exercised for one ordinary share.)
- 1/10 — Right Entitlement (Each right entitles the holder to receive one-tenth of one ordinary share.)
Key Players & Entities
- Kairous Acquisition Corp. Ltd (company) — filer
- $0.0001 (dollar_amount) — par value of ordinary shares
- $11.50 (dollar_amount) — exercise price of redeemable warrants
- February 12, 2024 (date) — conformed period of report
- February 16, 2024 (date) — filed as of date
FAQ
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.
What is the exercise price for the redeemable warrants mentioned in the filing?
The redeemable warrants are exercisable for one ordinary share at an exercise price of $11.50.
What does one right entitle a holder to receive?
One right entitles a holder to receive one-tenth of one ordinary share.
When was the conformed period of report for this 8-K filing?
The conformed period of report for this 8-K filing was February 12, 2024.
What items of information were reported in this 8-K filing?
The 8-K reported on the Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Other Events, and Financial Statements and Exhibits.
Filing Stats: 1,001 words · 4 min read · ~3 pages · Grade level 11.8 · Accepted 2024-02-16 16:05:27
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
- $200,000 — up to an aggregate principal amount of $200,000 (the "Working Capital Note"). On May 12
- $1,000,000 — e Working Capital Note was increased to $1,000,000. On December 10, 2021, the Sponsor agre
- $2,000,000 — Working Capital Note from $1,000,000 to $2,000,000. On February 13, 2024, the Company an
Filing Documents
- form8-k.htm (8-K) — 54KB
- ex2-1.htm (EX-2.1) — 22KB
- ex10-1.htm (EX-10.1) — 49KB
- ex99-1.htm (EX-99.1) — 7KB
- ex99-1_001.jpg (GRAPHIC) — 3KB
- 0001493152-24-007004.txt ( ) — 381KB
- kaclu-20240212.xsd (EX-101.SCH) — 5KB
- kaclu-20240212_def.xml (EX-101.DEF) — 27KB
- kaclu-20240212_lab.xml (EX-101.LAB) — 38KB
- kaclu-20240212_pre.xml (EX-101.PRE) — 26KB
- form8-k_htm.xml (XML) — 9KB
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: February 16, 2024 Kairous Acquisition Corp. Limited By: /s/ Athiwat Apichote Name: Athiwat Apichote Title: Chief Executive Officer