Private company

Kernel Group Holdings, Inc.

Blank check company in the Cayman Islands, incorporated in the Cayman Islands. Summary from the record

Last updated Oct 19, 2026.

Overview

-$7.5MNet income, fiscal 2023²

IndustryBlank Checks¹
HeadquartersNew York, New York¹
Incorporated inCayman Islands³
Business address515 Madison Avenue, 8Th Floor - Suite 8078, New York, Ny 10022³
Filer category, Emerging growth company³

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Shares. In addition, in no event may more than one Earnout Share award for achieving a revenue target be earned in a single Earnout Period.⁴ From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Operating income⁵²-$2.6M in 2023−31% since 2021

Net income⁵²-$7.5M in 2023

Fiscal year	2021	2022	2023
Operating income	-$3.7M⁵	-$1.1M²	-$2.6M²
Net income	$15.2M⁵	$15.7M²	-$7.5M²

Total assets⁵²$67.8M in 2023−78% since 2021

Total liabilities⁵²$8.3M in 2023−68% since 2021

Shareholders’ equity²-$8.2M in 2023−67% since 2021

Cash⁵²$0 in 2023

Fiscal year	2021	2022	2023
Cash	$0⁵	$0²	$0²
Current assets	$919.4K⁵	$135.1K²	$28.0K²
Total assets	$305.7M⁵	$309.4M²	$67.8M²
Accounts payable	$797.8K⁵	$848.4K²	$3.7M²
Current liabilities	$2.6M⁵	$3.0M²	$7.9M²
Long-term debt			$1.6M²
Total liabilities	$25.8M⁵	$13.8M²	$8.3M²
Retained earnings	-$24.8M⁵	-$13.6M²	-$8.2M²
Shareholders’ equity	-$24.8M²	-$13.6M²	-$8.2M²

Cash from operations⁵²-$1.5M in 2023−7% since 2021

Fiscal year	2021	2022	2023
Cash from operations	-$1.6M⁵	-$311.9K²	-$1.5M²
Cash from investing	-$304.8M⁵		$243.7M²
Cash from financing	$306.8M⁵	-$70.0K²	-$242.3M²

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Leadership

Who has led Kernel Group Holdings, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

Chair

Surendra K. Ajjarapu2023

Chief financial officer

Chief operating officer

Brett Northart2021

2025

Chief executive officerBrett Northart Jan 3, 2023 to Jan 3, 2023¹⁰
Chief executive officerSurendra K. Ajjarapu Mar 28, 2023 to Mar 28, 2023¹¹
Chief executive officerMark Gross Feb 2, 2021 to Feb 2, 2021¹²
ChairSurendra K. Ajjarapu Mar 28, 2023 to Mar 28, 2023¹¹
Chief financial officerMark Gross Jan 3, 2023 to Jan 3, 2023¹⁰
Chief financial officerHoward A. Doss Mar 28, 2023 to Mar 28, 2023¹³
Chief financial officerRakesh Tondon Feb 2, 2021 to Feb 2, 2021¹⁴
Chief operating officerBrett Northart Feb 2, 2021 to Feb 2, 2021¹⁵

Board members and other officers (10)

Chief Administrative OfficerMichael F. Newbold Feb 2, 2021 to Feb 2, 2021¹⁶
Chief Investment OfficerVivek Paul Feb 2, 2021 to Feb 2, 2021¹⁷
Board memberDonald G. Fell Mar 28, 2023 to Mar 28, 2023¹⁸
Board memberSiva Saravanan Mar 28, 2023 to Mar 28, 2023¹⁹
Board memberSrinivasan Venkatesh Mar 28, 2023 to Mar 28, 2023²⁰
Board memberBrett Northart Feb 2, 2021 to Jan 3, 2023¹⁵
Board memberChristopher J. Farrell Feb 2, 2021 to Feb 2, 2021²¹
Board memberDiana A. Sklar Feb 2, 2021 to Feb 2, 2021²²
Board memberMark Gross Feb 2, 2021 to Jan 3, 2023¹²
Board memberRakesh Tondon Feb 2, 2021 to Jan 3, 2023¹⁴

Timeline

Mar 28, 2023New chief executive Surendra K. Ajjarapu becomes CEO¹¹
Jan 3, 2023New chief executive Brett Northart becomes CEO¹⁰
Feb 2, 2021New chief executive Mark Gross becomes CEO¹²

Filings

123 filings to the SEC since October 2021: 3 annual reports, 9 quarterly reports, 46 major events, 10 insider forms, 29 large holders, 26 other. The latest 20:

Nov 14, 2024SC 13G/A EDGAR
Nov 14, 2024SC 13G/A EDGAR
Nov 13, 2024SC 13G/A COWEN AND COMPANY, LLC EDGAR
Nov 12, 2024SC 13G/A EDGAR
Aug 5, 20248-K EDGAR
Aug 1, 2024425 EDGAR
Aug 1, 20248-K EDGAR
Jul 26, 2024425 EDGAR
Jul 26, 20248-K EDGAR
Jul 23, 2024425 EDGAR
Jul 23, 20248-K EDGAR
Jul 10, 2024DEFM14A EDGAR
Jul 10, 2024425 EDGAR
Jul 10, 20248-K EDGAR
Jul 3, 20248-K EDGAR
Jun 28, 2024SC 13G/A EDGAR
Jun 25, 2024425 EDGAR
Jun 25, 20248-K EDGAR
Jun 3, 20248-K EDGAR
May 28, 2024425 EDGAR

The 123 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 0 buys and 2 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Jun 28, 2023	Owl Creek Asset Management, L.P.10% owner	Sale	85,000	$10.49	$891.6K	Form 4
Jun 9, 2023	Owl Creek Asset Management, L.P.10% owner	Sale	111,500	$10.45	$1.2M	Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Antara Capital LPSC 13G/A, 2 filings Feb 14, 2024 to Nov 14, 2024²³
FIR TREE CAPITAL MANAGEMENT LPSC 13G/A, 4 filings Feb 14, 2022 to Nov 14, 2024²⁴
COWEN AND COMPANY, LLCSC 13G/A, 2 filings Feb 2, 2024 to Nov 13, 2024²⁵
PERISCOPE CAPITAL INC.SC 13G/A, 2 filings Feb 9, 2024 to Nov 12, 2024²⁶
Radcliffe Capital Management, L.P.SC 13G/A, 2 filings Feb 8, 2023 to Jun 28, 2024²⁷
First Trust Capital Management L.P.SC 13G/A, 2 filings Feb 14, 2024 to Mar 7, 2024²⁸
WOLVERINE ASSET MANAGEMENT LLCSC 13G/A, 2 filings Feb 9, 2024 to Feb 21, 2024²⁹
GLAZER CAPITAL, LLCSC 13G/A, 2 filings Feb 14, 2023 to Feb 14, 2024³⁰
ARISTEIA CAPITAL, L.L.C.SC 13G/A, 3 filings Feb 14, 2022 to Feb 12, 2024³¹
LMR Partners LLPSC 13G, 1 filing Feb 12, 2024³²
Saba Capital Management, L.P.SC 13G/A, 2 filings May 27, 2022 to Feb 9, 2024³³
VKSS Capital, LLCSC 13D/A, 2 filings Jul 7, 2023 to Jul 31, 2023³⁴
Retirement System Of Texas TeacherSC 13G/A, 2 filings Aug 5, 2022 to Mar 13, 2023³⁵
Kernel Capital Holdings, LLCSC 13G, 1 filing Feb 14, 2022³⁶

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARKernel Group Holdings, Inc. filings on SEC EDGAR
2
SEC EDGARKernel Group Holdings, Inc. 10-K for fiscal 2023
3
SEC EDGARKernel Group Holdings, Inc. filings on SEC EDGAR
4
SEC EDGARKernel Group Holdings, Inc. annual report, Item 1 (Business)
5
SEC EDGARKernel Group Holdings, Inc. 10-K for fiscal 2021
6
SEC EDGARKernel Group Holdings, Inc. 10-Q for fiscal 2023
7
SEC EDGARKernel Group Holdings, Inc. 10-Q for fiscal 2023
8
SEC EDGARKernel Group Holdings, Inc. 10-Q for fiscal 2023
9
SEC EDGARKernel Group Holdings, Inc. 10-Q for fiscal 2023
10
SEC EDGARBrett Northart, Chief executive officer
11
SEC EDGARSurendra K. Ajjarapu, Chief executive officer
12
SEC EDGARMark Gross, Chief executive officer
13
SEC EDGARHoward A. Doss, Chief financial officer
14
SEC EDGARRakesh Tondon, Chief financial officer
15
SEC EDGARBrett Northart, Chief operating officer
16
SEC EDGARMichael F. Newbold, Chief Administrative Officer
17
SEC EDGARVivek Paul, Chief Investment Officer
18
SEC EDGARDonald G. Fell, Board member
19
SEC EDGARSiva Saravanan, Board member
20
SEC EDGARSrinivasan Venkatesh, Board member
21
SEC EDGARChristopher J. Farrell, Board member
22
SEC EDGARDiana A. Sklar, Board member
23
SEC EDGARAntara Capital LP SC 13G/A on Kernel Group Holdings, Inc.
24
SEC EDGARFIR TREE CAPITAL MANAGEMENT LP SC 13G/A on Kernel Group Holdings, Inc.
25
SEC EDGARCOWEN AND COMPANY, LLC SC 13G/A on Kernel Group Holdings, Inc.
26
SEC EDGARPERISCOPE CAPITAL INC. SC 13G/A on Kernel Group Holdings, Inc.
27
SEC EDGARRadcliffe Capital Management, L.P. SC 13G/A on Kernel Group Holdings, Inc.
28
SEC EDGARFirst Trust Capital Management L.P. SC 13G/A on Kernel Group Holdings, Inc.
29
SEC EDGARWOLVERINE ASSET MANAGEMENT LLC SC 13G/A on Kernel Group Holdings, Inc.
30
SEC EDGARGLAZER CAPITAL, LLC SC 13G/A on Kernel Group Holdings, Inc.
31
SEC EDGARARISTEIA CAPITAL, L.L.C. SC 13G/A on Kernel Group Holdings, Inc.
32
SEC EDGARLMR Partners LLP SC 13G on Kernel Group Holdings, Inc.
33
SEC EDGARSaba Capital Management, L.P. SC 13G/A on Kernel Group Holdings, Inc.
34
SEC EDGARVKSS Capital, LLC SC 13D/A on Kernel Group Holdings, Inc.
35
SEC EDGARRetirement System Of Texas Teacher SC 13G/A on Kernel Group Holdings, Inc.
36
SEC EDGARKernel Capital Holdings, LLC SC 13G on Kernel Group Holdings, Inc.