We have advised on Wellous Group Ltd’s corporate reorganization and its merger agreement with a Nasdaq-listed special purpose acquisition company (SPAC), Kairous Acquisition Corp. Ltd. The SPAC deal involves a merger consideration of US$270 million. Wellous, a health and wellness company whose operations are based in Malaysia and with high-growth sales in regional markets, will be publicly listed and traded on the Nasdaq market in the United States upon closing of the said SPAC deal. The combined entity will be known as Wellous Group Holdings Ltd.

Read more about the announced SPAC deal here:

• https://www.dealstreetasia.com/stories/wellous-kairous-acquisition-merger-321437
• https://technode.global/2022/12/14/malaysias-wellous-to-list-on-nasdaq-in-merger-with-malaysia-based-spac-kairous-acquisition/
• https://www.thestar.com.my/business/business-news/2022/12/20/wellous-group-enters-merger-agreement-with-kairous-acquisition-corp