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Nasdaq Sends Notice To Kairous Acquisition On April 3 For Failing To Adhere To Minimum Market Value of Listed Securities

Benzinga ·  Apr 5, 2023 18:20

On April 3, 2023, Kairous Acquisition Corp. Limited (the "Company") received a written notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"). The notification indicated that the Company did not meet the $50,000,000 minimum market value of listed securities ("MVLS") required to maintain continued listing as set forth in Nasdaq Marketplace Rule 5450(b)(2)(A) for the 30-business day period ended March 31, 2023.

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