3//SEC Filing
VKSS Capital, LLC 3
Accession 0001474506-23-000127
CIK 0001832950other
Filed
Mar 27, 8:00 PM ET
Accepted
Mar 28, 12:17 PM ET
Size
6.8 KB
Accession
0001474506-23-000127
Insider Transaction Report
Form 3
VKSS Capital, LLC
Other
Holdings
Class B Ordinary Shares
→ Class A Ordinary Shares (7,618,750 underlying)Warrants
Exercise: $1.00→ Class A Ordinary Shares (8,750,000 underlying)
Footnotes (3)
- [F1]As described in the issuer's registration statement on Form S-1 (File No. 333-252105) under the heading "Description of Securities-Founder Shares", the Class B ordinary shares, par value $0.0001, will automatically convert into Class A ordinary shares, par value $0.0001, of the issuer at the time of the issuer's initial business combination transaction on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
- [F2]This Form 3 is being filed by VKSS Capital, LLC, the sponsor of the issuer (the "Sponsor"). Surendra Ajjarapu, the issuer's director and Chief Executive Officer is the manager of the Sponsor. Mr. Ajjarapu may be deemed to beneficially own shares held by the Sponsor by virtue of his control over the Sponsor. Mr. Ajjarapu disclaims beneficial ownership of the Class B ordinary shares held by the Sponsor, except to the extent of his respective pecuniary interest.
- [F3]Each warrant will become exercisable on the later of 12 months from the closing of the Issuer's initial public offering and 30 days the date of completion of the Issuer's initial business combination. Each warrant will expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation.
Documents
Issuer
Kernel Group Holdings, Inc.
CIK 0001832950
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001970396
Filing Metadata
- Form type
- 3
- Filed
- Mar 27, 8:00 PM ET
- Accepted
- Mar 28, 12:17 PM ET
- Size
- 6.8 KB