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Kairous Acquisition Faces Nasdaq Delisting After Failing to Complete Business Combination
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Kairous Acquisition Faces Nasdaq Delisting After Failing to Complete Business Combination
Dec 18, 2024 10:41 AM

01:19 PM EST, 12/18/2024 (MT Newswires) -- Kairous Acquisition ( KACL ) said in a Wednesday filing that its securities are set to be suspended from trading on Nasdaq on Monday and move to the over-the-counter market the same day after it failed to complete a business combination.

The company said it received a delisting notice from Nasdaq due to its failure to complete a business combination transaction within the mandated period of 36 months after its IPO registration statement's effectivity.

Kairous said it missed the transaction's Dec. 13 deadline and does not plan to appeal Nasdaq's delisting determination.

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