Kernel Group Holdings, Inc. Confirms Funding to Extend Period to Consummate Initial Business Combination
January 04 2024 - 4:30PM
Kernel Group Holdings, Inc. (NASDAQ: KRNLU, KRNL, KRNLW)
(“
KRNL” or the “
Company”), a
special purpose acquisition company, announced today 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 January 5, 2024 to
February 5, 2024 (the “
Extension”). The Extension
is the sixth 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 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, including the Company’s
ability 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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