Kirkland & Ellis advised Kernel Group Holdings, Inc., a special purpose acquisition company, on the pricing of its upsized initial public offering of 26,500,000 units at $10.00 per unit. The units will be listed on the Nasdaq Capital Market (“Nasdaq”) and trade under the ticker symbol “KRNLU” beginning on February 3, 2021. The initial public offering is expected to close on February 5, 2021, subject to customary closing conditions.
The Kirkland team was led by capital markets partner Peter Seligson and associate Wills Klein and transactional partner Marshall Shaffer and associate April Larkin. The Kirkland team also included capital markets associate Matt Brenner, transactional associate Sierra Blazer, tax partners Mike Beinus and Meredith Levy and associate Nithya Sheshadri, and executive compensation partner Rohit Nafday.