Kernel is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with a business in the Commerce Enablement, Logistics Technologies, Marketplaces and Services space. The team is composed of seasoned executives with a unique combination of experiences in wholesale and retail, logistics, distribution, technology development and transformation. To learn more, visit: www.kernelspac.com
Company profile
Ticker
KRNL, KRNLU
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
KRNL stock data
Latest filings (excl ownership)
10-Q
2024 Q1
Quarterly report
14 May 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
3 May 24
8-K
Regulation FD Disclosure
3 May 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
23 Apr 24
8-K
Regulation FD Disclosure
5 Apr 24
10-K
2023 FY
Annual report
11 Mar 24
8-K
Regulation FD Disclosure
5 Mar 24
8-K
Entry into a Material Definitive Agreement
6 Feb 24
DEF 14A
Definitive proxy
17 Jan 24
425
Business combination disclosure
16 Jan 24
Latest ownership filings
SC 13G/A
First Trust Capital Management L.P.
7 Mar 24
SC 13G/A
WOLVERINE ASSET MANAGEMENT LLC
21 Feb 24
SC 13G/A
FIR TREE CAPITAL MANAGEMENT LP
14 Feb 24
SC 13G
First Trust Capital Management L.P.
14 Feb 24
SC 13G
Antara Capital LP
14 Feb 24
SC 13G/A
GLAZER CAPITAL, LLC
14 Feb 24
SC 13G
MIZUHO FINANCIAL GROUP INC
13 Feb 24
SC 13G/A
ARISTEIA CAPITAL, L.L.C.
12 Feb 24
SC 13G
LMR Partners LLP
12 Feb 24
SC 13G
PERISCOPE CAPITAL INC.
9 Feb 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | |
---|---|---|---|---|
Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 804.00 | 804.00 | 804.00 | 804.00 | 804.00 | 804.00 |
Cash burn (monthly) | (no burn) | 435.42 | 152.62 k | 173.14 k | 102.42 k | 77.32 k |
Cash used (since last report) | n/a | 717.56 | 251.51 k | 285.34 k | 168.79 k | 127.42 k |
Cash remaining | n/a | 86.44 | -250.71 k | -284.53 k | -167.98 k | -126.62 k |
Runway (months of cash) | n/a | 0.2 | -1.6 | -1.6 | -1.6 | -1.6 |
Institutional ownership, Q4 2023
13F holders | Current |
---|---|
Total holders | 3 |
Opened positions | 0 |
Closed positions | 68 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 77.20 mm |
Total shares | 23.94 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Kernel Capital | 16.37 mm | $0.00 |
VKSS Capital | 7.49 mm | $75.61 mm |
Dupont Capital Management | 75.00 k | $1.58 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 Jun 23 | Owl Creek Asset Management | Class A Ordinary Shares, par value $0.0001 per share | Sell | Dispose S | Yes | No | 10.49 | 85,000 | 891.65 k | 677,500 |
9 Jun 23 | Owl Creek Asset Management | Class A Ordinary Shares, par value $0.0001 per share | Sell | Dispose S | Yes | No | 10.45 | 111,500 | 1.17 mm | 762,500 |
28 Dec 22 | Kernel Capital | Class B ordinary shares Class A ordinary shares | Sell | Dispose S | No | No | 0 | 7,493,750 | 0.00 | 0 |
News
On May 2 Kernel Group Holdings Received Notice Of Delisting Or Failure To Satisfy Continued Listing Rule Or Standard; Company Has A Period Of 180 Calendar Days From The Date Of The Notice, Or Until October 29, 2024, To Regain Compliance With The Market Value Standard
3 May 24
Kernel Group Holdings, Inc. Extends Period To Consummate Initial Business Combination To June 5, 2024
3 May 24
Kernel Group Holdings, Inc. Extends Period To Consummate Initial Business Combination To May 5, 2024
5 Apr 24