Kernel Group Holdings, Inc.: Nasdaq/NYSE listing notice — Kernel Group receives Nasdaq delisting notice for missing annual meeting deadline

Kernel Group Holdings, Inc.

Nasdaq notified Kernel Group on Jan 11, 2023, for failing to hold annual meeting within 12 months of Dec 31, 2021 FYE, violating Listing Rule 5620(a).
Company has 45 days (until Feb 27, 2023) to submit a compliance plan; if accepted, up to 180 days from FYE (June 29, 2023) to regain compliance.
If plan is rejected, Kernel Group may appeal before a Nasdaq Hearings Panel; securities continue trading while plan is pending.
Company intends to submit a compliance plan within the specified period.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Kernel Group Holdings, Inc. received a nasdaq deficiency notice notice regarding other (rules 5620(a), 5810(c)(2)(G)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5620(a), 5810(c)(2)(G)

Exact text from the filing

January 11, 2023, Kernel Group Holdings Inc., a Cayman Island exempted company (the “Company”), received a notice from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) stating that the Company failed to hold an annual meeting of shareholders within 12 months after its fiscal year ended December 31, 2021, as required by Nasdaq Listing Rule 5620(a). In accordance with Nasdaq Listing Rule 5810(c)(2)(G), the Company has 45 calendar days (or until February 27, 2023) to submit a plan to regain compliance and, if Nasdaq accepts the plan, Nasdaq may grant the Company up to

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Source: SEC EDGAR

accession 0001140361-23-002585

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