- CEO
- Athiwat Apichote
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Oval Tower @ Damansara Kuala Lumpur Malaysia 60000
- IPO Date
- Jan 20, 2022
- Business
- Kairous Acquisition Corp. Limited (KACLW) is a blank check company formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company offers no current products or services beyond its structure as a special purpose acquisition vehicle, including ordinary shares, redeemable warrants exercisable at $11.50 per share, and rights entitling holders to one-tenth of an ordinary share upon a successful business combination; it targets fast-growing technology companies in Asia, excluding China, across sectors such as e-commerce, financial technology, insurtech, digital health, digital media and digital services. Founded on March 24, 2021, and headquartered at Level 39, Marina Bay Financial Centre Tower 2, 10 Marina Boulevard, Singapore 018983, the Cayman Islands-incorporated entity operates principally from Singapore with a focus on Southeast Asian opportunities.
In recent developments, Kairous mutually terminated its December 2022 merger agreement with Wellous Group Limited, valued at $270 million, in June 2023, forgoing any termination fees. The company subsequently entered and mutually terminated another merger agreement with Bamboo Mart Limited on August 18, 2025, receiving a $50,000 breakup fee from Bamboo Mart. Kairous has extended its business combination deadline multiple times through sponsor deposits into its trust account, most recently up to June 16, 2025, before failing to deposit the required $50,000 by May 16, 2025, triggering redemption of all outstanding public shares and liquidation of its trust account, with plans to amend its charter to pursue alternative opportunities while remaining listed on OTC Markets.