Kensington Capital Acquisition IV closed its initial public offering of 23 million units, including 3 million issued pursuant to the full exercise of the underwriters’ over-allotment option.
The SPAC intends to focus its search on companies in the global automotive and automotive-related sector.
Units list on the New York Stock Exchange under the ticker symbol KCAC.U. Each consists of one Class A share, a Class 1 warrant and a Class 2 warrant.
UBS and Stifel, Nicolaus & Company were joint book-running managers for the offering, Robert W. Baird & Co. was lead manager and Drexel Hamilton was co-manager. Read more.
