Kernel Group Holdings, Inc.: Nasdaq/NYSE listing notice — Kernel Group receives Nasdaq delisting notice for failure to hold annual meeting

Kernel Group Holdings, Inc.

Company failed to hold annual meeting within 12 months after fiscal year end Dec 31, 2021, violating Nasdaq Listing Rule 5620(a).
Received Nasdaq notice on July 7, 2023; granted until June 29, 2023 to regain compliance but missed deadline.
Company intends to request a hearing before Nasdaq Hearings Panel to stay suspension.
Securities (units, ordinary shares, warrants) trade on Nasdaq; no immediate delisting effect pending hearing.
Company expects to hold annual meeting at earliest practicable date; no assurance of continued listing.

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 delisting notice notice regarding other (rules 5620(a), 5810(c)(2)(G)).

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

Exact text from the filing

July 7, 2023, the Company received a notice (the “Nasdaq Notice”) from the Listing Qualifications Department of Nasdaq stating that, as of June 29, 2023, the Company had failed to hold the above-referenced annual meeting and therefore was not in compliance with the Rule. As a result, Nasdaq has advised the Company that its securities would be subject to delisting unless the Company timely requests a hearing before an independent Hearings Panel (the “Panel”). Accordingly, the Company intends to timely request a hearing. The hearing request will stay the suspension of the Company’s securities an

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Source: SEC EDGAR

accession 0001493152-23-023982

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