Money Makers Mentor

Kensington Capital to Merge With Quantumscape, Bringing It Public via Reverse IPO

Kensington Capital Acquisition Corp. (NYSE: KCAC.U) and QuantumScape Corporation have entered into a business combination agreement. The end result of the merger will see outstanding shares of QuantumScape stock cancelled and automatically converted into the right to receive a number of shares of Kensington Class A common stock or shares of Kensington Class B common stock, as applicable. Kensington’s units, Class A common stock and warrants are currently listed on The New York Stock Exchange, under the symbols KCAC.U, KCAC, and KCAC WS.

Kensington intends to apply to list shares of Kensington Class A common stock on The New York Stock Exchange under the symbol QS upon the closing of the business combination. At the closing, each Kensington unit will separate into its components consis…

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