Kernel Group Holdings, Inc. Extends Business Combination Deadline by One Month Amidst Uncertainties: Cautionary Statement on Forward-Looking Statements

Kernel Group Holdings, Inc., a special purpose acquisition company with tickers NASDAQ: KRNLU, KRNL, and KRNLW, has announced the extension of the deadline for completing its initial business combination by one month. The new deadline is now set for August 5, 2024. This is the sixth and final six-monthly extension allowed under the company’s governing documents.

In a cautionary statement regarding forward-looking statements, the company acknowledged that some statements in the press release are forward-looking in nature and may be subject to risks and uncertainties. These statements reflect the beliefs and expectations of the company’s management, particularly in relation to consummating its initial business combination. However, there are significant risks and uncertainties that could cause future events to deviate from these forward-looking statements, many of which are beyond the company’s control. Factors that could impact future events include various risk factors affecting the company’s business and prospects, as outlined in the “Risk Factors” section of the company’s Prospectus filed with the SEC on February 4, 2021, and subsequent reports filed with the SEC.

The company emphasizes that any forward-looking statements made are valid only as of the date of this press release. Unless required by applicable securities laws, the company does not intend or have