NEW DELHI: In a major push to its urban air mobility plans of developing air taxis with an L&T arm and make them in India too, Indian-American Dr Chirinjeev Kathuria-founded aerospace and defence company AIRO Group has entered into an agreement and plan of merger with Kernel Group Holdings to list on NASDAQ.
Kernel Group Holdings has signed an agreement for upto $77 million committed backstop by Meteora Special Opportunity Fund and Meteora Capital Partners and others. The combined company will be renamed AIRO Group, Inc.
