Kairos Acquisition Corp. has announced that, beginning February 26, holders of the 27,600,000 units sold in the company’s initial public offering may elect to separately trade the company’s Class A ordinary shares and warrants included in the units. Class A ordinary shares and warrants that are separated will trade on the Nasdaq Stock Market under the symbols “KAIR” and “KAIRW” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Those units not separated will continue to trade on the Nasdaq Stock Market LLC under the symbol “KAIRU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the company’s transfer agent, in order to separate the units into Class A ordinary shares and warrants.
The units were initially offered by the company in an underwritten offering. Citigroup Global Markets Inc. acted as the sole-book running manager of the offering. I-Bankers Securities Inc. acted as the co-manager of the offering.