Kairous Acquisition Corp. Limited (KACLU) Prices $75M IPO


Kairous Acquisition Corp. Limited (KACLU) Prices $75M IPO

Dec 13, 2021 IPOs by Marlena Haddad

Kairous Acquisition Corp. Limited announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “KACLU” Tuesday, December 14.

The new SPAC intends to focus on fast growing tech companies in different industry verticals, including but not limited to e-commerce, financial technology, insurance technology, digital health, digital media and digital services. Kairous is led by CEO and Chairman Joseph Lee Moh Hon and CFO Philip Wong Cheung Wang.

Total SPAC deal count for 2021 year-to-date is now 594. This offering is expected to close on Thursday, December 16.

Maxim Group LLC is acting as the sole book-running manager of the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Hunter Taubman Fischer & Li LLC serving as Underwriter’s Counsel. Marcum Bernstein & Pinchuk LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.