Kairos Acquisition Corp. announced that it has entered into a warrant purchase agreement for a private placement of 7,300,000 pre-paid redeemable warrants at an issue price of $0.93 per warrant for gross proceeds of $7,770,000 on January 5, 2021. The transaction involves participation from Kairos Alpha Acquisition Llc for 2,497,502 warrants or up to 2,726,736 warrants if the over-allotment option is exercised in full and HS Chronos LLC for 4,802,498 warrants or up to 5,293,264 warrants if the over-allotment option is exercised in full. Each private placement warrant is exercisable for one share of class A common stock at a price of $11.50 per share. Once the warrants become exercisable, the company may redeem the outstanding warrants for cash. The company issued warrants pursuant to Regulation D.