The deal was announced in March 2023 at a pro forma enterprise value of approximately $847 million, assuming no redemptions.

The extension vote is set for Feb. 1 at 9 a.m. Eastern. Shareholders who want to bail out can expect a redemption price of about $10.74 per share. 

Kernel raised $265 million in a February 2021 ipo. Read more.

Source: Kernel Group Wants 6 More Months to Work on Airo Deal