---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-039757"
form_type: "8-K"
ticker: null
cik: "0001832950"
company_name: "Kernel Group Holdings, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T17:09:35.598256+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Kernel Group extends SPAC deadline to Dec 5, 2023 via $150K trust deposit; enters $250K loan agreement

## Summary
- Deposited $150,000 into trust ($0.02/share) to extend business combination deadline by one month to December 5, 2023.
- Entered Loan and Transfer Agreements: Lenders loaned $250K to Sponsor, which then loaned $250K to company (non-interest bearing).
- Sponsor to transfer 4 Class A shares per $10,000 Funded Amount to Lenders as additional consideration.
- SPAC Loan requires issuance of additional 250,000 shares of ParentCo common stock upon business combination.
- This is the fourth of six possible monthly extensions under governing documents.

## SEC filing metadata
- accession: 0001493152-23-039757
- form_type: 8-K
- cik: 0001832950
- company_name: Kernel Group Holdings, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1832950/000149315223039757/0001493152-23-039757-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1832950/000149315223039757/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-039757
- JSON: https://secwatch.observer/filing/0001493152-23-039757.json
- Plain text: https://secwatch.observer/filing/0001493152-23-039757.txt

## Key facts
- Debt Financings
  Kernel Group Holdings, Inc. incurred loan of $250,000 with Sponsor at 8% per annum maturing upon completion of the Company's initial business combination.
  - Instrument: loan
  - Principal: $250,000
  - Counterparty: Sponsor
  - Rate: 8% per annum
  - Maturity: upon completion of the Company's initial business combination
  - Event: incurrence
  source text: On November 1, 2023 and November 6, 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 $250,000 (the " Funded Amount ") to the Sponsor (the " Loan ") and the Sponsor loaned $250,000 to the Company (the " SPAC Loan ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832950/000149315223039757/0001493152-23-039757-index.htm

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