Kernel Group Holdings And AIRO Group Holdings Announce Effectiveness Of Registration Statement, Expected To Be Listed On Nasdaq Under The Symbols "AIRO"

Extraordinary General Meeting scheduled for July 31, 2024.

 

NEW YORK and ALBUQUERQUE, NM, July 10, 2024 (GLOBE NEWSWIRE) -- Kernel Group Holdings, Inc. (NASDAQ:KRNLU, KRNL, KRNLW))))) ("Kernel" or the "Company"), a special purpose acquisition company, and AIRO Group Holdings, Inc. ("AIRO Group Holdings"), a middle market aerospace and defense group, are pleased to announce that the proxy/registration statement on Form S-4 ") (File No. 333-272402) originally filed by AIRO Group, Inc. ("ParentCo") with the U.S. Securities and Exchange Commission ("SEC") on June 2, 2023, as amended (the "Registration Statement"), was declared effective by the SEC on July 9, 2024. The Registration Statement was filed in connection with the proposed business combination between Kernel and AIRO Group Holdings previously announced on March 6, 2023. As a result of the business combination, ParentCo will become the holding company for AIRO Group Holdings and Kernel, and ParentCo common stock and warrants are expected to be listed on Nasdaq under the symbols "AIRO" and "AIROW," respectively.