Kernel Group Holdings, Inc. Regains Compliance with Certain Nasdaq Listing Requirement
New York, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Kernel Group Holdings, Inc. (NASDAQ: KRNLU, KRNL, KRNLW the āCompanyā or āKernelā) today announced that on September 1, 2023, the Company received a letter from the Listing Qualifications Department of The Nasdaq Stock Market (āNasdaqā), confirming that the Company had regained compliance with Nasdaq Listing Rule 5620(a) which requires companies to hold an annual meeting of shareholders within twelve months of the end of the Companyās fiscal year (the āAnnual Meeting Requirementā).
As previously disclosed, the Company was notified by the Listing Qualifications Department of Nasdaq that it did not comply with the Annual Meeting Requirement. Based on the Companyās Form 8-K filed on August 31, 2023, the Companyās definitive proxy statement was distributed on August 11, 2023, and its annual meeting of shareholders was held on August 31, 2023. Accordingly, the Listing Qualifications Department of Nasdaq has determined that the Company regained compliance with the Annual Meeting Requirement.
Contact:
hd@kernelcap.com