Kairous Acquisition Corp. Limited announced a private placement of unsecured promissory note for gross proceeds $360,000 to returning lender Kairous Asia Limited on March 10, 2023. 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 ordinary shares of the company identical to the shares issued in the company?s initial public offering at a price of $10.10 per share.