Airo Group Holdings And Kernel Group Holdings Announce Effectiveness Of Registration Statement; $43M In Revenue Growth In 2023, And $1.1B In EVTOL Orders
Portfolio Pulse from Benzinga Newsdesk
AIRO Group Holdings and Kernel Group Holdings announced the effectiveness of their registration statement with the SEC, paving the way for AIRO's public listing on Nasdaq. AIRO reported $43M in revenue for 2023 and $1.1B in eVTOL orders.
July 23, 2024 | 1:04 pm
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Kernel Group Holdings announced the effectiveness of their registration statement with AIRO Group Holdings, paving the way for AIRO's public listing on Nasdaq.
The effectiveness of the registration statement is a significant step towards AIRO's public listing, which is likely to positively impact Kernel Group Holdings' stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Kernel Group Holdings' unit, KRNLU, is involved in the business combination with AIRO Group Holdings, which has announced the effectiveness of their registration statement.
KRNLU, as a unit of Kernel Group Holdings, is directly involved in the business combination with AIRO. The effectiveness of the registration statement is a positive development.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70