#Airo industries inc pro#

The combined company will be renamed “AIRO Group, Inc” and its common stock and warrants are expected to be listed on Nasdaq, under the symbols “AIRO” and “AIROW,” respectively, upon closing of Based on Kernel’sĬurrent redemption price, the 7.7 million shares would be valued at approximately $78 million.

Entities and funds managed by Meteora own equity interests in the sponsor. Trading Opportunities Master, LP, and Meteora Capital Partners, LP (collectively, “Meteora”). Prior to entering into the Merger Agreement, Kernel Group Holdings signed an forward purchase agreement for up to 7.7 million shares with Meteora Special Opportunity Fund I, LP, Meteora Select

#Airo industries inc pro#

Pro forma equity value of the combined company is expected to be approximately $847 million, assuming no redemptions of current Kernel public stockholders, with the proposed businessĬombination expected to be completed in Q3 2023. $1.0T total addressable market and 1,225 annual eVTOL production by 2030 $43 million estimated revenue in 2023 and $2.9 billion estimated revenue by year 7

With well-known brands such as Aspen Avionics and Jaunt Air Mobility, AIRO is leveraging its core business successes to launch its global portfolio. AIRO is a multi-faceted air mobility, autonomy & aerospace platform with differentiated technologies and capabilities that dynamically address high growth market trends across the entireĪIRO has aligned its business into four divisions that complete its aerospace and defense offering: Advanced Avionics, Electric Air Mobility, Uncrewed Air Systems, and Training.