Kernel Group Holdings to merge with AIRO Group Holdings

Kernel Group Holdings, a SPAC, entered into a definitive merger agreement with AIRO Group Holdings, an aerospace and defense platform. The combined company is expected to have a pro forma equity value of approximately $847 million and list on Nasdaq under the symbol AIRO.

“Pro forma equity value of the combined company is expected to be approximately $847 million, assuming no redemptions of current Kernel public stockholders, with the proposed business combination expected to be completed in Q3 2023.”rss.globenewswire.com

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• rss.globenewswire.com(UPDATED) New Mid-Market Publicly Traded Aerospace &Kernel Group Holdings, IncMar 7, 2023

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