Kensington Capital Acquisition IV stock and warrants may trade separately beginning tomorrow, the SPAC said.
Units not separated will continue to trade on the NYSE under the symbol KCAC.U, and the Class 1 redeemable warrants that are separated and resulting new units consisting of one Class A ordinary share and one Class 2 warrant will trade under the symbols KCAC.W and KCA.U.
Kensington IV raised $230 million in an IPO last month. The SPAC intends to focus its search on companies in the global automotive and automotive-related sector. Read more.
