Kairous Acquisition announces additional contribution to trust account

Kairous Acquisition announced that Kairous Asia has deposited into the Company’s trust account an aggregate of $120,000, in order to extend the period of time the Company has to complete a business combination for an additional one month period, from June 16, 2023 to July 16, 2023. The Company issued a promissory note to Sponsor with a principal amount equal to the amount deposited. The promissory note bears no interest and will be converted into the Company’s ordinary shares at a price of $10.10 per share at the closing of a business combination by the Company. The purpose of the extension is to provide time for the Company to complete a business combination.