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BLADE India and Jaunt Air Mobility have signed an MOU to launch eVTOL aircraft operations in India by 2027. BLADE India plans to acquire 150 Jaunt Journey aircraft, with an option for 100 more, to meet growing demand in India's aviation market. This partnership aims to enhance urban mobility and includes collaboration on infrastructure for aircraft charging. Amit Dutta from BLADE India highlighted India's significant market potential for advanced air mobility, while Jaunt's Simon Briceno emphasized the benefits of safe, affordable transportation for the Indian public. The MOU supports a roadmap for integrating eVTOLs into global transport.
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Kernel Group Holdings (NASDAQ: KRNL, KRNLU, KRNLW) announced that its shareholders approved amendments to its charter and trust agreement, allowing the company to secure extensions for its initial business combination deadline. On February 3, 2023, shareholders voted to enable up to six one-month extensions by depositing $300,000 or $0.06 per public share. Following this, 22,848,122 shares were redeemed, resulting in approximately $231.9 million being paid out, leaving about $74.7 million in the Trust Account. The current extension deadline is now set for March 5, 2023.
Kernel Group Holdings, Inc. (NASDAQ: KRNL) has received a deficiency letter from NASDAQ for failing to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021. This delay is a result of the SEC's new guidance on accounting for warrants issued by SPACs, leading to a reevaluation of financial statements. The Company plans to submit a Compliance Plan to NASDAQ within the 60-day window and does not foresee non-compliance risks. Kernel asserts that this change does not impact its acquisition strategy or financial performance.