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    Kernel Group Holdings Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

    8/5/24 4:10:38 PM ET
    $KRNL
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    Get the next $KRNL alert in real time by email
    false 0001832950 0001832950 2024-08-05 2024-08-05 0001832950 KRNLU:UnitsEachConsistingOfOneClassOrdinaryShare0.0001ParValueAndOnehalfOfOneRedeemableWarrantMember 2024-08-05 2024-08-05 0001832950 KRNLU:ClassOrdinarySharesIncludedAsPartOfUnitsMember 2024-08-05 2024-08-05 0001832950 KRNLU:WarrantsIncludedAsPartOfUnitsEachWholeWarrantExercisableForOneClassOrdinaryShareAtExercisePriceOf11.50Member 2024-08-05 2024-08-05 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

     

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

     

    FORM 8-K

     

     

     

    CURRENT REPORT

    Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934

     

    Date of Report (Date of earliest event reported): August 5, 2024

     

    Kernel Group Holdings, Inc.

    (Exact name of registrant as specified in its charter)

     

     

     

    Cayman Islands   001-39983   98-1567976

    (State or other jurisdiction of

    incorporation or organization)

     

    (Commission

    File Number)

     

    (I.R.S. Employer

    Identification Number)

     

     

     

    515 Madison Avenue, 8th Floor - Suite 8078

    New York, New York

      10022
    (Address of principal executive offices)   (Zip Code)

     

    (646) 908-2659

    Registrant’s telephone number, including area code

     

    Not Applicable

    (Former name or former address, if changed since last report)

     

     

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:

     

    ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
       
    ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
       
    ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
       
    ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

     

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class   Trading Symbol(s)   Name of each exchange on which registered
    Units, each consisting of one Class A Ordinary Share, $0.0001 par value, and one-half of one redeemable warrant   KRNLU   The Nasdaq Stock Market LLC
    Class A Ordinary Shares included as part of the units   KRNL   The Nasdaq Stock Market LLC
    Warrants included as part of the units, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50   KRNLW   The Nasdaq Stock Market LLC

     

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

     

    Emerging growth company ☒

     

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

     

     

     

     

     

    Item 8.01. Other Events.

     

    On August 5, 2024, Kernel Group Holdings, Inc., a Cayman Islands exempted company (“Kernel”) issued a press release announcing it will redeem all of its outstanding Class A ordinary shares, par value $0.0001, effective as of the close of business on August 5, 2024, because Kernel will not consummate an initial business combination within the time period required by its Amended and Restated Memorandum and Articles of Association. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

     

    Item 9.01 Financial Statements and Exhibits

     

    (d) Exhibits:

     

    Exhibit No.   Description
    99.1   Press Release, dated August 5, 2024
    104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

     

     

     

     

    SIGNATURE

     

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

    Dated: August 5, 2024

     

    KERNEL GROUP HOLDINGS, INC.  
       
    By: /s/ Surendra Ajjarapu  
    Name: Surendra Ajjarapu  
    Title: Chief Executive Officer  

     

     

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