Kernel Group Holdings, Inc. Confirms Funding to Extend Period to Consummate Initial Business Combination
November 07 2023 - 4:15PM
Kernel Group Holdings, Inc. (NASDAQ: KRNLU, KRNL, KRNLW)
(“
KRNL” or the “
Company”), a
special purpose acquisition company, announced today that on
November 6, 2023, it caused to be deposited $150,000 into the
Company’s Trust account for its public shareholders, representing
$0.02 per public share, allowing the Company to extend the period
of time it has to consummate its initial business combination by
one month from November 5, 2023 to December 5, 2023 (the
“
Extension”). The Extension is the fourth of
six-monthly extensions permitted under the Company’s governing
documents.
Cautionary Statement Regarding
Forward-Looking Statements
Certain statements in this press release are
“forward-looking statements” within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended, and the “safe
harbor” provisions under the Private Securities Litigation Reform
Act of 1995 and are subject to the safe harbor created thereby. In
some cases, forward-looking statements can be identified by
terminology such as “may,” “will,” “could,” “would,” “should,”
“expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,”
“predict,” “potential,” “outlook,” “guidance” or the negative of
those terms or other comparable terminology. These statements are
based on the current beliefs and expectations of the Company’s
management, such as the Company’s abilility to consummate its
initial business combination, and are subject to significant risks
and uncertainties. Because these forward-looking statements involve
risks and uncertainties, there are important factors that could
cause future events to differ materially from those in the
forward-looking statements, many of which are outside of the
Company’s control. These factors include, but are not limited to, a
variety of risk factors affecting the Company’s business and
prospects, see the section titled “Risk Factors” in the Company’s
Prospectus filed with the SEC on February 4, 2021 and subsequent
reports filed with the SEC, as amended from time to time. Any
forward-looking statements are made only as of the date hereof, and
unless otherwise required by applicable securities laws, the
Company disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise.
Contact:hd@kernelcap.com
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