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Kairos Acquisition Corp. (KAIRU) Prices Upsized $240M IPO


Kairos Acquisition Corp. (KAIRU) Prices Upsized $240M IPO

Kairos Acquisition Corp. announced the pricing of its upsized $240 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “KAIRU” Wednesday, January 6.

The new company aims to combine with an insurance business or one that provides specialized technology services to the insurance sector. Kairos is led by CEO and Director Peter Bang and CFO Jerry De St. Paer.

Total SPAC deal count for 2021 year-to-date is now 5 with $965 million in gross proceeds raised. This offering is expected to close on Friday, January 8.

Citigroup Global Markets Inc. is serving as the sole book-running manager for the offering with I-Bankers Securities serving as co-manager. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.