Wellous To Go Public Through Merger With Kairous Acquisition Corporation Limited

Kuala Lumpur, Malaysia, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Wellous Group Limited ("Wellous", or the "Company"), a fast-growing Asia-based international nutrition company that develops, manufactures, markets and sells health and wellness products, and Kairous Acquisition Corp. Limited ("Kairous") (NASDAQ:KACL), a publicly traded special purpose acquisition company, today announced that it has entered into a definitive merger agreement (the "Merger Agreement") that will result in Wellous becoming a publicly listed company upon the closing of the transaction contemplated there in (the "Proposed Transaction"). Upon closing, the combined company will be renamed "Wellous Group Holdings Limited" (the "Combined Company") and expects to list its ordinary shares on Nasdaq.