Kernel Group Holdings (KRNL) has released an update to notify the public and investors about listing compliance status.
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A company trading on The Nasdaq Capital Market is facing suspension due to non-compliance with a Nasdaq requirement to complete a business combination within 36 months of its IPO. The company plans to appeal for additional time to finalize a merger with AIRO Group Holdings by requesting a hearing. This move temporarily halts the suspension, but there’s no guarantee that the company will meet Nasdaq’s continued listing criteria going forward.
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For a comprehensive understanding of the announcement, you can read the full document here.
