# 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.

- Type: Acquisition
- Announced: 2023-03-07
- Where: New York, NY, United States
- Value: $847.0M
- Status: announced
- Products: avionics, electric air mobility, uncrewed air systems, training
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Kernel](https://endata.com/companies/9981.md) (acquirer)
- [Airo Group Holdings](https://endata.com/companies/15117.md) (target)

## Sources

- [rss.globenewswire.com](https://rss.globenewswire.com/news-release/2023/03/07/2622033/0/en/UPDATED-New-Mid-Market-Publicly-Traded-Aerospace-Defense-Company-AIRO-Group-Holdings-Inc-AIRO-Enters-Agreement-and-Plan-of-Merger-with-Kernel-Group-Holdings-NASDAQ-KRNLU-to-List-on.html), 2023-03-07: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.