Kairous Acquisition Corp. Limited announced a private placement of unsecured promissory note for gross proceeds of $120,000 on June 30, 2023. The transaction included participation from returning investor, Kairous Asia Limited.

The note does not bear interest that is 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.