Kairous Acquisition Corp. Limited Pricing of $75 Million Initial Public Offering
13 Diciembre 2021 - 6:00PM
Kairous Acquisition Corp. Limited (the “Company”), a newly
organized blank check company incorporated as a Cayman Islands
business company and led by Chief Executive Officer, Joseph Lee,
today announced the pricing of its initial public offering of
7,500,000 units at an offering price of $10.00 per unit, with each
unit consisting of one ordinary share, one half of one redeemable
warrant, and one right to receive one-tenth (1/10) of an ordinary
share. Each whole warrant will entitle the holder thereof to
purchase one ordinary share, and each ten rights entitle the holder
thereof to receive one ordinary share. The exercise price of the
warrants is $11.50 per full share. The units are expected to trade
on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol
“KACLU” beginning on December 14, 2021. Once the securities
comprising the units begin separate trading, the ordinary shares,
warrants and rights will be traded on Nasdaq under the symbols
“KACL,” “KACLW,” and “KACLR,” respectively. No fractional warrants
will be issued upon separation of the units and only whole warrants
will trade. The offering is expected to close on December 16, 2021,
subject to customary closing conditions.
Maxim Group LLC is acting as sole book-running
manager for the offering. The Company has granted the underwriter a
45-day option to purchase up to 1,125,000 additional units at the
initial public offering price to cover over-allotments, if
any.
A registration statement on Form S-1 (File
333-259031) relating to the securities sold in the initial public
offering was declared effective by the U.S. Securities and Exchange
Commission (the “SEC”) on December 13, 2021. The offering is being
made only by means of a prospectus. When available, copies of the
prospectus relating to this offering may be obtained from Maxim
Group LLC, 300 Park Ave, 16th Floor, New York, NY 10022, or by
accessing the SEC’s website, www.sec.gov.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Kairous
Acquisition Corp. Limited
Kairous Acquisition Corp. Limited is a blank
check company, also commonly referred to as a special purpose
acquisition company, or SPAC, formed for the purpose of effecting a
merger, share exchange, asset acquisition, share purchase,
reorganization or similar business combination with one or more
businesses or entities.
Forward-Looking
Statements
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the Company’s initial public offering (“IPO”) and search for an
initial business combination. No assurance can be given that the
offering discussed above will be completed on the terms described,
or at all, or that the net proceeds of the offering will be used as
indicated. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of Kairous
Acquisition Corp. Limited, including those set forth in the Risk
Factors section of Kairous Acquisition Corp. Limited’s registration
statement and preliminary prospectus for the IPO filed with the
SEC. Copies are available on the SEC's website, www.sec.gov.
Kairous Acquisition Corp. Limited undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
Contact Information:
At the Company:
Joseph Lee
Chief Executive Officer
Email: joseph@kairous.com
Tel: +603 7733 9340
Investor Relations:
Adrian Hia / Teng Hau Lee
Manager
Email: ir@kairous.com
Tel: +603 7733 9340
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