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Wellous Gears Up For NASDAQ Listing Following Merger Agreement With Kairous Acquisition Corporation


Wellous Group (Wellous) has entered into a definitive merger agreement with special purpose acquisition firm Kairous Acquisition Corp Ltd that will see the latter become a publicly listed company on NASDAQ.


Upon the completion of the deal, the Malaysia-based nutrition company will be known as Wellous Group Holdings Ltd, with its ordinary shares listed on NASDAQ.


As per the agreement, the merger consideration will be at USD$270 million, to be payable via newly issued securities of the combined company valued at $10.10 per share. The cash proceeds from the merger deal will be made up of Kairous’s approximately USD$21 million in trust.


Wellous co-founder, Henry Chin commented on the listing, stating: “We see a vast addressable market, totaling approximately $700 billion annually by 2027, as provided in a study by Grand View Research, due to increased demand for food and supplements that provide health benefits tailored to specific individual needs.”


Chin and fellow co-founder Andy Tan established Wellous in 2016 with the promise of creating a company that develops, manufactures, markets and distributes trusted and beneficial health and wellness products with only the best of nature.

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