Kernel Group Holdings, Inc. Regains Compliance with Certain Nasdaq Listing Requirement
01 Septembre 2023 - 10:50PM
Kernel Group Holdings, Inc. (NASDAQ: KRNLU, KRNL, KRNLW the
“
Company” or “
Kernel”) today
announced that on September 1, 2023, the Company received a
letter from the Listing Qualifications Department of The Nasdaq
Stock Market (“
Nasdaq”), 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
Company’s fiscal year (the “
Annual Meeting
Requirement”).
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
Company’s Form 8-K filed on August 31, 2023, the Company’s
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
Kernel (NASDAQ:KRNLU)
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