Kairous Acquisition Corp. Limited announced a private placement of unsecured promissory note for gross proceeds $360,000 to returning investor Kairous Asia Limited on December 14, 2022. The Note does not bear interest and matures upon the closing of a business combination by the company.

The note may be converted by the holder into units of the Company identical to the units issued in the Company?s initial public offering at a price of $10.00 per unit.