Kairous announces contribution to trust account to extend period for combination

Kairous Acquisition Corp. announced that Kairous Asia Limited, the Company’s initial public offering sponsor, has deposited into the Company’s trust account an aggregate of $360,000, in order to extend the period of time the Company has to complete a business combination for an additional three months period, from December 16, 2022 to March 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 is convertible into the Company’s units at a price of $10.00 per unit 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.