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-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
8-K
Entry into a Material Definitive Agreement
16 Jan 24
PRE 14A
Preliminary proxy
5 Jan 24
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
4 Jan 24
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
4 Dec 23
425
Business combination disclosure
27 Nov 23
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) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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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) | 9.31 k | 202.86 k | 172.29 k | 87.83 k | 94.09 k |
Cash used (since last report) | n/a | 55.73 k | 1.21 mm | 1.03 mm | 525.43 k | 562.91 k |
Cash remaining | n/a | -54.92 k | -1.21 mm | -1.03 mm | -524.63 k | -562.11 k |
Runway (months of cash) | n/a | -5.9 | -6.0 | -6.0 | -6.0 | -6.0 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 71 |
Opened positions | 5 |
Closed positions | 5 |
Increased positions | 7 |
Reduced positions | 20 |
13F shares | Current |
---|---|
Total value | 63.05 bn |
Total shares | 37.24 mm |
Total puts | 0.00 |
Total calls | 669.56 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Kernel Capital | 16.37 mm | $0.00 |
VKSS Capital | 7.49 mm | $75.61 mm |
Periscope Capital | 1.74 mm | $5.39 bn |
Aristeia Capital | 927.50 k | $64.00 mm |
Radcliffe Capital Management | 633.25 k | $4.08 bn |
Shaolin Capital Management | 549.45 k | $18.92 mm |
Vivaldi Asset Management | 530.96 k | $5.63 bn |
LMR Partners | 525.00 k | $3.72 bn |
Fir Tree Capital Management | 462.66 k | $4.90 bn |
Westchester Capital Management | 455.65 k | $4.83 bn |
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 |
Press releases
Kernel Group Holdings, Inc. Extends Period to Consummate Initial Business Combination
5 Mar 24
Kernel Group Holdings, Inc. Announces Charter and Trust Agreement Amendments and Intention to Extend the Deadline to Complete a Business Combination to August 5, 2024
6 Feb 24
Kernel Group Holdings, Inc. Confirms Funding to Extend Period to Consummate Initial Business Combination
4 Jan 24