PropTech II Upsizes IPO 15% to $200M

The SPAC has already scheduled a June 4 meeting for its stockholders to vote on a merger agreement with Veea, a cloud computing company. 

Two days after disclosing new management and a buyout of the original sponsors, Kernel Group filed a proxy asking shareholders for an extra six months to do a deal.

The SPAC intends to search for a target business in the transportation field, including logistics, new energy vehicles, smart parking, on-board chips and AI algorithms, automotive services and related areas of intelligent transportation.