Kairous Acquisition Corp. Limited announced a private placement and issued an unsecured promissory note in the aggregate principal amount of $50,000 for a gross proceeds of $50,000 on February 16, 2024. The transaction included participation from returning investor, Kairous Asia Limited.

The Note does not bear interest and matures upon the closing of a business combination by the Company. In addition, the Note will be converted by the holder into ordinary shares of the Company at a price of $10.10 per share at the closing of a business combination.