Kairous Acquisition Corp. Closes $78.0 Million Initial Public Offering, Including Partial Exercise of the Overallotment Option
16 Diciembre 2021 - 4:00PM
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 closing of its initial public offering of
7,800,000 units at an offering price of $10.00 per unit, which
includes 300,000 units issued pursuant to the partial exercise of
the underwriter’s over-allotment option, for aggregate gross
proceeds to the Company of $78,000,000. Each unit consists 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 entitles the holder thereof to purchase one ordinary share
at a price of $11.50 per share, and each ten rights entitle the
holder thereof to receive one ordinary share.. The units began
trading on the Nasdaq Global Market (“Nasdaq”) under the ticker
symbol “KACLU” 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.
Maxim Group LLC acted as the sole
book-running manager for the offering.
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 was made
only by means of a prospectus. Copies of the prospectus relating to
this offering may be obtained from Maxim Group LLC, 300 Park
Avenue, 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 and the
anticipated use of the net proceeds thereof. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
Risk Factors section of the Company's registration statement and
final prospectus for the offering filed with the SEC. Copies are
available on the SEC's website, www.sec.gov. The Company 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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