Vkss Capital, Llc entered into an purchase agreement to acquire 18.9% stake in Kernel Group Holdings, Inc. (NasdaqCM:KRNL) from kernel capital holdings, LLC on December 28, 2022. As part of the agreement, Vkss Capital will purchase from kernel capital holdings 7,187,500 Class B ordinary shares of Kernel Group (the ?Class B Shares?) and 8,750,000 Private Placement Warrants, each of which is exercisable to purchase one Class A ordinary share of Kernel Group, par value $0.0001 per share, for an aggregate purchase price of $1 (the ?Purchase Price?). On December 28, 2022, Mark Gross, Brett Northart, Chris Farrell, Dee Dee Sklar, and Ron Meyer tendered their resignations as directors of Kernel Group.

Mark Gross, Rakesh Tondon, Brett Northart, and Mike Newbold resigned as officers of Kernel Group. Suren Ajjarapu, Howard Doss, Michael Peterson, Donald Fell, Venkatesh Srinivas, and Siva Srinivasan were appointed as members of the board of directors of Kernel Group. Suren Ajjarpu was appointed Chief Executive Officer and Chairman and Howard Doss was appointed as Chief Financial Officer of Kernel Group.

There was no known disagreement with any of our outgoing directors on any matter relating to the Kernel Group?s operations, policies or practices. Nelson Mullins Riley & Scarborough LLP acted as legal advisor to Kernel Group.