Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
On March 10, 2023, Kairous Acquisition Corp. Limited (the "Company") issued an
unsecured promissory note in the aggregate principal amount of $360,000 (the
"Note") to Kairous Asia Limited, the Company's initial public offering sponsor
("Sponsor") in exchange for Sponsor depositing such amount into the Company's
trust account in order to extend the amount of time it has available to complete
a business combination. The Note does not bear interest and matures upon the
closing of a business combination by the Company. In addition, the Note may be
converted by the holder into ordinary shares of the Company at a price of $10.10
per share.
Item 8.01. Other Events.
The Company extended the business combination period to June 16, 2023, by
depositing $360,000 to the trust account on March 13, 2023. The Company issued
the release filed herewith on March 13, 2023. The materials attached as Exhibit
99.1 are incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits:
Exhibit No. Description
10.1 Promissory Note
99.1 Press Release dated March 13, 2023
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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