Owl Creek Asset Mgmt. Reduces Kairous Acquisition Stake

TL;DR

**Owl Creek Asset Management is out of Kairous Acquisition Corp. Ltd, signaling a potential lack of institutional confidence.**

AI Summary

Owl Creek Asset Management, L.P. filed an amended SC 13G/A on February 5, 2024, indicating a change in their beneficial ownership of Kairous Acquisition Corp. Ltd's ordinary shares as of December 31, 2023. This filing, an amendment to a previous disclosure, signals that Owl Creek Asset Management, L.P. is no longer reporting significant beneficial ownership, likely due to falling below the 5% threshold. This matters to investors because it suggests a major institutional holder has reduced its stake, which could be interpreted as a loss of confidence or a strategic portfolio adjustment, potentially impacting the stock's perceived value or liquidity.

Why It Matters

A significant institutional investor reducing its stake can signal a lack of confidence or a shift in strategy, potentially influencing other investors' perceptions and the stock's trading activity.

Risk Assessment

Risk Level: medium — The reduction in a major institutional holding could lead to increased selling pressure or a negative sentiment among other investors.

Analyst Insight

Investors should monitor Kairous Acquisition Corp. Ltd's trading volume and price action for any significant shifts following this disclosure, and consider if other institutional investors are also adjusting their positions.

Key Numbers

• $0.0001 — Par Value per Share (The par value of Kairous Acquisition Corp. Ltd's Ordinary Shares.)

Key Players & Entities

• Owl Creek Asset Management, L.P. (company) — the reporting person who filed the SC 13G/A
• Kairous Acquisition Corp. Ltd (company) — the issuer whose shares are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• $0.0001 (dollar_amount) — par value per ordinary share of Kairous Acquisition Corp. Ltd

Forward-Looking Statements

• Kairous Acquisition Corp. Ltd's stock price may experience short-term volatility due to the institutional ownership change. (Kairous Acquisition Corp. Ltd) — medium confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.0001 — of Issuer) Ordinary Shares, par value $0.0001 per share (Title of Class of Securitie

Filing Documents

• p24-0524sc13ga.htm (SC 13G/A) — 56KB
• 0000902664-24-001053.txt ( ) — 58KB

(a)

Item 1(a). NAME OF ISSUER: The name of the issuer is Kairous Acquisition Corp. Limited. (the " Issuer ").

(b)

Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Issuer's principal executive offices are located at Unit 9-3, Oval Tower @ Damansara, No. 685, Jalan Damansara, 60000 Taman Tun Dr. Ismail, Kuala Lumpur, Malaysia 60000.

(a)

Item 2(a). NAME OF PERSON FILING: (i) Owl Creek Asset Management, L.P., a Delaware limited partnership and the investment manager of Owl Creek Credit Opportunities Master Fund, Ltd. (the " Owl Creek Fund "), with respect to the Ordinary Shares that were owned by the Owl Creek Fund and (ii) Jeffrey A. Altman (" Mr. Altman "), as managing member of the general partner of Owl Creek Asset Management, L.P., with respect to the Ordinary Shares that were owned by the Owl Creek Fund. The foregoing persons are hereinafter sometimes collectively referred to as the " Reporting Persons ."

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the principal business office of each of the Reporting Persons is 640 Fifth Avenue, 20th Floor, New York, NY 10019.

(c)

Item 2(c). CITIZENSHIP: Owl Creek Asset Management, L.P. is a limited partnership organized under the laws of the State of Delaware. Mr. Altman is a United States citizen.

(d)

Item 2(d). TITLE OF CLASS OF SECURITIES: Ordinary shares, par value $0.0001 per share (the " Ordinary Shares ").

(e)

Item 2(e). CUSIP NUMBER: G52131110 CUSIP No. G52131110 13G/A Page 5 of 7 Pages Item 3. IF THIS STATEMENT IS FILED PURSUANT TO §§ 240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) ¨ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) ¨ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) ¨ Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) ¨ Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) ¨ Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) ¨ Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) ¨ Non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person. Item 5. If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ý CUSIP No. G52131110 13G/A Page 6 of 7 Pages Item 6.

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: February 5, 2024 /s/ Jeffrey A. Altman Jeffrey A. Altman, individually and as managing member of the general partner of Owl Creek Asset Management, L.P.

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View this SC 13G/A filing on SEC EDGAR