Kairos Acquisition announced today that it closed its upsized IPO of 24 million units. The offering was priced at $10 per unit, resulting in gross proceeds of $240 million — a 20 percent increase over the initial planned raise.
Units trade on the Nasdaq under KAIRU.
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.” Read more.
