Mergers & Acquisitions
By The Online Investor Staff, updated Fri., Sep. 18, 10:41 AM
| This Slide: #58 of 100 |
Slide #58. Kensington Capital Acquisition Corp. — QuantumScape Corporation
Acquirer:
Kensington Capital Acquisition Corp. (NYSE:KCAC)
Acquiree:
QuantumScape Corporation
Details:
QuantumScape Corporation ("QuantumScape"), a leader in the development of next generation solid-state lithium-metal batteries for use in electric vehicles, and Kensington Capital Acquisition Corp. ("Kensington") (NYSE: KCAC), a special purpose acquisition company, today announced a definitive agreement for a business combination that would result in QuantumScape becoming a publicly listed company. Upon closing of the transaction, the combined company will be named QuantumScape and is expected to remain listed on the NYSE and trade under the new ticker symbol "QS".
Kensington Capital Acquisition is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Co. serves customers in the State of New York.
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