We advised the underwriters on the SPAC IPO and Nasdaq listing

Davis Polk advised the representative of the several underwriters, in connection with the initial public offering of 24,000,000 units of Kairos Acquisition Corp., for aggregate proceeds of $240 million. Each unit consists of one Class A ordinary share and one-half of one warrant to purchase one Class A ordinary share of Kairos Acquisition Corp. The Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “KAIR” and “KAIRW,” respectively.

Kairos Acquisition Corp. is a special purpose acquisition company (SPAC) looking to complete a business combination with one or more businesses in the insurance and InsurTech industries.

The Davis Polk corporate team included partners Derek Dostal and Deanna L. Kirkpatrick and associate Joanna Sedlak. The tax team included partner William A. Curran and associate Rebecca A. Rosen. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.

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