---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-031989"
form_type: "8-K"
ticker: null
cik: "0001832950"
company_name: "Kernel Group Holdings, Inc."
filed_at: "2023-09-07T23:59:59+00:00"
generated_at: "2026-06-10T23:00:34.149026+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Kernel Group extends business combination deadline to Oct 5, 2023 via $150K deposit and $900K loan arrangement

## Summary
- On September 5, 2023, deposited $150,000 ($0.02/share) into trust to extend deadline to Oct 5, 2023 (second of six monthly extensions).
- On July 31, 2023, entered Loan and Transfer Agreements; lenders loaned $900k to sponsor, sponsor loaned $900k to company (SPAC Loan).
- SPAC Loan bears no interest, repayable at completion of business combination; lender loan to sponsor accrues 8% interest.
- Sponsor transfers 4 Class A shares per $10,000 funded to lenders; SPAC Loan requires 900,000 additional ParentCo shares.
- Extension keeps AIRO Group business combination alive; must complete by Oct 5, 2023.

## SEC filing metadata
- accession: 0001493152-23-031989
- form_type: 8-K
- cik: 0001832950
- company_name: Kernel Group Holdings, Inc.
- filed_at: 2023-09-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1832950/000149315223031989/0001493152-23-031989-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1832950/000149315223031989/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-031989
- JSON: https://secwatch.observer/filing/0001493152-23-031989.json
- Plain text: https://secwatch.observer/filing/0001493152-23-031989.txt

## Key facts
- Debt Financings
  Kernel Group Holdings, Inc. incurred loan of $900,000 with Sponsor (VKSS Capital, LLC) and Lenders at 8% per annum (Loan); SPAC Loan does not accrue interest maturing upon the completion of the Company's initial business combination.
  - Instrument: loan
  - Principal: $900,000
  - Counterparty: Sponsor (VKSS Capital, LLC) and Lenders
  - Rate: 8% per annum (Loan); SPAC Loan does not accrue interest
  - Maturity: upon the completion of the Company's initial business combination
  - Event: incurrence
  source text: the Lenders loaned an aggregate of $900,000 (the " Funded Amount ") to the Sponsor (the " Loan ") and the Sponsor loaned $900,000 to the Company (the " SPAC Loan "). The Loan shall accrue interest at 8% per annum and the SPAC Loan does not accrue interest.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832950/000149315223031989/0001493152-23-031989-index.htm
- Material Agreements
  Kernel Group Holdings, Inc. entered into Loan and Transfer Agreements with Sponsor (effective 2023-07-31).
  - Action: entry
  - Counterparty: Sponsor
  - Effective: 2023-07-31
  source text: On July 31, 2023, the Company entered into Loan and Transfer Agreements between the Company, the Sponsor, and other parties (the “ Lenders ”), pursuant to which the Lenders loaned an aggregate of $900,000 (the “ Funded Amount ”) to the Sponsor (the “ Loan ”) and the Sponsor loaned $900,000 to the Company (the “ SPAC Loan ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832950/000149315223031989/0001493152-23-031989-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.