• 20 Apr 2023 12:10 PM
• 0

Jaunt Prepares SPAC

Jaunt Air Mobility, the Dallas-based developer of the Journey eVTOL aircraft, is preparing to list on the Nasdaq stock exchange. Jaunt’s parent company, AIRO Group Holdings, announced on March 6 that it would merge with Kernal Group Holdings, a special purpose acquisition company (SPAC). Both companies will now become subsidiaries of a new company, PubCo, with the aim of listing on the NASDAQ exchange in the third quarter under the symbols AIRO and AIROW. “In addition to this SPAC merger funding, we have a very unique set of supplier contracts that will significantly help fund the development effort of the Journey aircraft through the flight test and certification program,” said AIRO co-founder and CEO Joe Burns in an interview with Aviation International. On March 28, FlyBlade India, a Blade Air Mobility and Hunch Ventures company, announced an intent to purchase 150 Jaunt Journey aircraft, with an option for an additional 100 aircraft.