Kernel Group Holdings, Inc. Confirms Funding to Extend Period to Consummate Initial Business Combination [UPDATED]

New York, July 05, 2023 (GLOBE NEWSWIRE) -- Kernel Group Holdings, Inc. (NASDAQ: KRNLU, KRNL, KRNLW) (“KRNL” or the “Company”), a special purpose acquisition company, announced today it caused to be deposited $300,000 into the Company’s Trust account for its public shareholders, representing $0.04 per public share, allowing the Company to extend the period of time it has to consummate its initial business combination by one month from July 5, 2023 to August 5, 2023 (the “Extension”). The Extension is the sixth of six-monthly extensions permitted under the Company’s governing documents.

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