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Kernel Group Holdings (KRNL) to Combine with AIRO in $847M Deal

Kernel Group Holdings (KRNL) to Combine with AIRO in $847M Deal

Kernel Group (NASDAQ:KRNL) has entered into a definitive agreement to combine with air mobility company AIRO Group at an equity value of $847 million, or about 19.7x its 2023E revenue. AIRO operates a series of aviation brands and aims to be a broad-based aerospace and defense player once its divisions reach full commercialization with a
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