Monday, August 5, 2024
Kernel Group Holdings, Inc. (KRNL/W/U) has announced it will redeem its public shares and will not consummate an initial business combination. As of the close of business on August 5, 2024, the public shares will be deemed cancelled and will represent only the right to receive the Redemption Amount. The details are as follows:
| Company Name & Issue Type: | Kernel Group Holdings, Inc. Class A Ordinary Shares |
|---|---|
| CUSIP#: | G5259L103 |
| Symbol: | KRNL |
| Last Trading Date: | August 5, 2024 |
| Marketplace Effective Date for Suspension: | August 6, 2024 |
| Redemption rate: | $10.80 per Class A Ordinary Shares |
| Company Name & Issue Type: | Kernel Group Holdings, Inc. Warrants |
|---|---|
| CUSIP#: | G5259L129 |
| Symbol: | KRNLW |
| Last Trading Date: | August 5, 2024 |
| Marketplace Effective Date for Suspension: | August 6, 2024 |
| Redemption rate: | There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless. |
| Company Name & Issue Type: | Kernel Group Holdings, Inc. Units |
|---|---|
| CUSIP#: | G5259L111 |
| Symbol: | KRNLU |
| Last Trading Date: | August 5, 2024 |
| Marketplace Effective Date for Suspension: | August 6, 2024 |
| Redemption rate: | $10.80 per Class A Ordinary Shares |
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