Kernel Group Holdings, Inc.
KRNLW
NASDAQ Capital Market0.03
USD
-0.09
- -
Kernel Group Holdings, Inc.
KRNLW
(NASDAQ Capital Market)
Recent
price
0.03
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Kernel Group Holdings, Inc. Kernel Group Holdings, Inc. (NASDAQ:KRNLW) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant ongoing business operations other than seeking and completing an initial business combination through a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar transaction with one or more businesses or entities. The company targets opportunities in the commerce enablement, supply chain, logistics, and related technology infrastructure sectors, including marketplaces and services; it has not generated revenue and maintains its efforts focused on identifying, acquiring, and managing suitable targets. Incorporated in 2020 and headquartered in New York, New York, Kernel Group Holdings, Inc. conducts its activities primarily in the United States. In recent developments, Kernel Group Holdings, Inc. entered into a business combination agreement with AIRO Group Holdings, Inc. on March 3, 2023, which shareholders approved alongside key amendments to the company's Amended and Restated Memorandum and Articles of Association and trust agreement on July 31, 2024, including removal of net tangible asset requirements to facilitate the merger. The company extended its deadline to consummate an initial business combination multiple times, most notably on June 3, 2024, and announced redemption of all outstanding Class A ordinary shares in August 2024 as part of winding down operations ahead of the proposed transaction with AIRO. These actions reflect ongoing strategic adjustments, such as amendments to the business combination agreement eliminating earnout shares for the sponsor, positioning the combined entity to operate as a Delaware corporation post-deregistration from the Cayman Islands.