Kairos Acquisition Corp.
KAIR
NASDAQ Capital Market10.08
USD
- -
- -
CIK
0001824171
ISIN
KYG521101066
Return %
Stock
S&P500
1Y
3.33
26.53
3Y
1.46
76.60
5Y
1.46
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Peter Bang
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1345 Avenue of the Americas New York City NY United States of America 10105
- IPO Date
- Feb 26, 2021
- CIK
- 0001824171
- Website
- kairosacquisitioncorp.com
- Similar Companies
- Business
- Kairos Acquisition Corp. (KAIR) operates as a blank check company whose primary purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, with a focus on regulated insurance or reinsurance companies, distributors or technology, and insurance service providers specializing in niche product or customer segments within specialty lines of business. The company offers no current products or services beyond its special purpose acquisition structure, which includes Class A ordinary shares, redeemable warrants exercisable at $11.50 per share, and units comprising one share and one-half warrant, as issued in its initial public offering. Kairos Acquisition Corp. was incorporated in 2020 and maintains its headquarters in New York, New York. In a major development, Kairos Acquisition Corp. announced its voluntary liquidation and dissolution on December 6, 2022, after failing to complete an initial business combination within the 24-month timeframe specified in its charter, resulting in the redemption of all outstanding public shares at approximately $10.08 per share and the expiration of warrants as worthless. Prior to liquidation, the company raised $276 million in gross proceeds from its upsized initial public offering in January 2021, underwritten by Citigroup and I-Bankers Securities, with $276 million placed in trust, and targeted the global insurance and insurtech sectors without announcing any specific merger partners, partnerships, or acquisitions. The leadership team includes CEO Peter Bang and CFO Jerry de St. Paer, leveraging their insurance industry expertise.