Kernel Group Holdings, Inc. Confirms Funding to Extend Period to Consummate Initial Business Combination
October 05 2023 - 4:05PM
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 October 5, 2023 to
November 5, 2023 (the “
Extension”). The Extension
is the second 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 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
Kernel (NASDAQ:KRNLU)
Historical Stock Chart
From Jul 2024 to Aug 2024
Kernel (NASDAQ:KRNLU)
Historical Stock Chart
From Aug 2023 to Aug 2024