DJ Kairous Acquisition Corp. Files for IPO
By Stephen Nakrosis
Special purpose acquisition company Kairous Acquisition Corp. Ltd. filed for an initial public offering with the U.S. Securities and Exchange Commission on Tuesday.
The company said it intends to offer 5 million units at $10 apiece. Each unit will consist of one ordinary share, one-half of a warrant and a right to receive one-tenth of an ordinary business share after an initial business combination is consummated. Each full warrant would entitle the holder to buy one ordinary share for $11.50.
The company also said it intends to apply to list on the Nasdaq Capital Market.
Kairous said it currently plans to focus on opportunities in Asia.
The company said Joseph Moh Hon Lee, its chairman and chief executive officer, is founder of venture capital firm Kairous Capital. Chief Financial Officer Philip Cheung Wang Wong "has more than 24 years of entrepreneurship experience including over 22 years of investment experience across the Asia Pacific region," the company said.
Maxim Group LLC is listed as the offering's sole book-running manager.
-Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
August 24, 2021 11:17 ET (15:17 GMT)
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