Name | Value |
---|---|
Revenues | 0.0K |
Cost of Revenue | 0.0K |
Gross Profit | 0.0K |
Operating Expense | 457.9K |
Operating I/L | -457.9K |
Other Income/Expense | -362.7K |
Interest Income | 321.1K |
Pretax | -820.6K |
Income Tax Expense | -457.9K |
Net Income/Loss | -820.6K |
Kernel Group Holdings, Inc. is a blank check company established in 2020. As a special purpose acquisition company (SPAC), it raises capital through an initial public offering (IPO) with the sole purpose of acquiring or merging with an existing company. Once the acquisition is completed, the target company becomes publicly listed without having to go through the traditional IPO process. Kernel Group Holdings generates revenue through the acquisition and subsequent growth of the target company, benefiting from the increase in the value of its shares and potential dividends.