Streetbeat News

KRNLU

Kernel Group Holdings, Inc.

https://www.kernelspac.com

Industry

Shell Companies

Kernel Group Holdings, Inc. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. It intends to identify, acquire, and manage a business in the commerce enablement, supply chain, logistics and related technology infrastructure sectors. Kernel Group Holdings, Inc. was incorporated in 2020 and is based in San Francisco, California.

Open

12.35

Mkt cap

84M

Volume

2.9K

High

12.52

P/E Ratio

14.41

52-wk high

14.78

Low

8.66

Div yield

N/A

52-wk low

8.66

Kernel Group Holdings, Inc. (NASDAQ: KRNLU, KRNL, KRNLW) announced it will redeem all outstanding Class A ordinary shares at approximately $10.80 per share by August 5, 2024, as it will not complete an initial business combination within the required timeframe. The company will cease operations and liquidate following the redemption.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:23 pm

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.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 1:04 pm

Kernel Group Holdings, Inc. (KRNL), a special purpose acquisition company, has announced a one-month extension, from May 5, 2024, to June 5, 2024, for the period to consummate its initial business combination. This extension is the fourth of six monthly extensions allowed under the company's governing documents.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:12 pm

Kernel Group Holdings, Inc. (KRNL), a special purpose acquisition company, has announced a one-month extension, from April 5, 2024, to May 5, 2024, for the period to consummate its initial business combination. This extension is the third of six monthly extensions allowed under the company's governing documents.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 8:09 pm

Kernel Group Holdings, Inc. (KRNL), a special purpose acquisition company, has announced a one-month extension for its deadline to complete its initial business combination, moving it from March 5, 2024, to April 5, 2024. This is the second of up to six monthly extensions allowed by the company's governing documents.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:16 pm

Kernel Group, a SPAC company, has extended its deadline to complete an initial business combination to February 5, 2024. This extension provides additional time for Kernel Group to find a suitable merger or acquisition target.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:31 pm

Kernel Group Holdings, Inc. has confirmed that it has secured funding to extend the period to consummate its initial business combination.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 8:20 pm

Kernel Group Holdings, Inc. (NASDAQ:KRNLU, KRNL, KRNLW) has regained compliance with Nasdaq Listing Rule 5620(a), which requires companies to hold an annual meeting of shareholders within twelve months of the end of the company's fiscal year. The company was previously non-compliant with this rule, but has since held its annual meeting of shareholders.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 8:50 pm

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