Kensington Capital Acquisition II filed with the SEC to offer 200 million units at $10 each to raise $200 million in an IPO.
The SPAC plans to target a business in the automotive and automotive-related sectors.
Kensington II is led by Chairman and CEO Justin Mirro, whose 25 years of operating, M&A and financing experience in the automotive and automotive-related sector began at GM as a Tool and Die Manufacturing Engineer.
Kensington I merged with EV battery maker Quantumscape in November.
Kensington II expects to list on the NYSE under KCAC.U. Read more.
