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Kensington Closes QuantumScape Merger

November 27, 2020
1 minute read
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QuantumScape announced today that it has completed its business combination with Kensington Capital Acquisition, folowing sharholder approval. QuantumScape shares begin trading today on the NYSE under “QS” and warrants will trade under “QS.W”.

The transaction will result in net proceeds of approximately $680 million to QuantumScape, including through a $500 million fully committed PIPE. Funds are expected to support the company through the second half of 2024.The company manufactures solid-state lithium-metal batteries for use in electric vehicles. Read more.

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