Kairos Acquisition registered additional units to upsize its IPO of $240 million at $10 per unit. The increase is 20 percent greater than the $200 million raise the SPAC planned in its initial filing last month.
Kairos said it intends to target “regulated insurance or reinsurance companies, distributors or technology and insurance service providers that focus on specialty lines of business or that target product or customer niches where a differentiated service offering and the advent of new technologies have created, or are expected to create, a sustainable competitive advantage.”
The SPAC’s units begin trading today on the Nasdaq under KAIRU. Read more.
