Kernel Group Holdings, Inc. Warrants - KRNLW STOCK NEWS

Kernel Group Holdings, Inc. (NASDAQ: KRNLU, KRNL, KRNLW) Deposits $150,000 into Trust Account, Extends Business Combination Deadline by One Month

Kernel Group Holdings extends the period for business combination

Kernel Group Holdings, Inc. extends its initial business combination period by one month, depositing $150,000 into the Trust account for public shareholders.

Kernel Group Holdings regains compliance with Nasdaq Listing Rule 5620(a) by holding annual meeting of shareholders on August 31, 2023.

Kernel Group Holdings, Inc. (NASDAQ: KRNLU, KRNL, KRNLW) announced amendments to its charter and trust agreement to change the structure and cost of obtaining extensions for completing its initial business combination. The first extension, from August 5, 2023, to September 5, 2023, was obtained by depositing $150,000 into the Trust Account. Shareholders have the right to redeem their public shares, with approximately $13.6 million being paid out for redemption. KRNL now has approximately $65.4 million left in its Trust Account.

Kernel Group Holdings, Inc. has deposited $300,000 into its Trust account, extending the period for its initial business combination by one month.

The AIRO Group, Inc. has submitted a confidential draft of a Form S-4 registration statement to the SEC for its proposed business combination with Kernel Group Holdings, Inc. (NASDAQ:KRNL). This transaction involves AIRO, a middle-market aerospace and defense company, becoming a wholly-owned subsidiary of AIRO Group. The completion of this merger is contingent upon various approvals, including stockholder consent and the effectiveness of the registration statement. Following the transaction's closure, AIRO's common stock and warrants will trade under the symbols 'AIRO' and 'AIROW' on Nasdaq. AIRO specializes in advanced avionics and electric air mobility, and boasts a presence in the US, Canada, and the EU.