![]() Chirinjeev Kathuria, a serial entrepreneur who owns stakes in many other companies, will be the chairman of the new company’s board of directors - consisting of nine members including Burns, Kernel’s chief executive officer Suren Ajjarapu, John Uczekaj, and Michael Peterson. Leadership TeamĬurrently, AIRO Group is led by chief executive officer Captain Joe Burns who is also the co-founder. For 2023, the management projects revenues of $43 million. The management has applied to list the stock on the Nasdaq stock market under the ticker symbol AIRO.Įncouraged by the success of its popular brands Aspen Avionics and Jaunt Air Mobility, AIRO Group is currently expanding its global portfolio. Post-merger, the new company will be renamed AIRO Group, Inc. The business combination is expected to complete in the third quarter, and the combined entity is estimated to have an equity value of around $847 million on a pro forma basis. They focus on bringing autonomy, artificial intelligence, and advanced operations to mainstream commercial and military marketplaces. It operates through four operating segments - Advanced Avionics, Electric Air Mobility, Uncrewed Air Systems, and Training. ![]() The company has offices in the United States, Canada, and Europe. ![]() AIRO Group Holdings, Inc., a diversified aerospace and defense firm, said it signed a business combination agreement with special purpose acquisition company Kernel Group Holdings (NASDAQ: KRNLU) to become a publicly listed business. ![]()
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