Culture. QuantumScape shares will trade on … Kensington Capital Acquisition Corp. II ( KCAC) Announces $1.5b Deal with Wallbox. Kensington Capital … (Bloomberg) -- Wallbox Chargers, the maker of electric-vehicle chargers founded by a former Tesla Inc. manager, will list in New York after merging with blank-check company Kensington Capital Acquisition Corp. II. This is precisely what took place with Kensington Capital stock recently. Kensington Capital Acquisition II stock closed at $10.20 on Tuesday, a … About Us Diversity Pro Bono. The company doesn’t expect to bring its SSBs to market until at least 2025. Automotive SPAC Kensington Capital Acquisition II prices $200 million IPO – Nasdaq. We offer both FREE information and PAID information via our EXCLUSIVE DATABASE. QuantumScape stock remains well above the levels where SPAC investors came in. Together with its international team and associates, being among the heavy weights of the SPAC Space, SPAC Consultants professionally advises on and structures SPACs, taking them to successful IPO, mainly at NASDAQ and NYSE. Solid-state lithium battery maker QuantumScape is the latest to become a publicly traded entity through a merger with special purpose acquisition company, or SPAC. The announcement of the merger acted on the Kensington … Wall Box Chargers To Go Public Through SPAC Merger With Kensington Capital Acquisition Corp II. SAN JOSE, Calif. and WESTBURY, N.Y., Nov. 18, 2020 /PRNewswire/ -- Kensington Capital Acquisition Corp. (NYSE: KCAC) ("Kensington") and QuantumScape Corporation ("QuantumScape") today announced that they have determined the exchange ratio to be 4.02175014920 as of the anticipated date for Closing (as defined below) in accordance with the terms of the Business … Shares of Kensington Capital Acquisition ( NYSE:KCAC) jumped 18% at the open Friday after the special purpose acquisition company, or SPAC, said … Kensington Capital. Kensington Capital Acquisition II, the second blank check company targeting the automotive industry, filed on Wednesday with the SEC to raise up to $200 million in an initial public offering. Kensington is sponsored by Kensington Capital Partners LLC and the management team of Justin Mirro, Bob Remenar, Simon Boag and Daniel Huber. Spanish Car-Charging Startup Valued at $1.5 Billion in SPAC Deal. The SPAC, or blank-check company, is acquiring privately held QuantumScape. Latham & Watkins Advises Wallbox in US$1.5 Billion deSPAC Merger with Kensington Capital Acquisition Corp. II A global deal team advises on the transaction that will make Wallbox a publicly traded company. SPAC Consultants is is an A to Z one-stop solution specialised in structuring and setting up Special-Purpose Acquisition Companies. So far, 2020 has been the year of special purpose acquisition company (SPAC) deals. Kensington Capital SPAC Prices IPO February 26, 2021 – Mergers & Acquisitions. The company intends to leverage its management team's industry experience and network, targeting the automotive and automotive-related sector. Kensington Capital Acquisition Corp. ( NYSE:KCAC 10.09 -0.30%) has become the latest high-flying SPAC to become the focus of momentum chasers as it is set to undergo a merger with the EV battery startup QuantumScape. Latest Trade: $10.24 0.00 (0.0%) First Day Return: +9.5%. Wallbox, a provider of EV charging solutions, and Kensington Capital Acquisition II today announced a definitive agreement for a business combination. Wallbox to go public via merger with Kensington-backed SPAC. This is especially true in the electric vehicle (EV) space. 2020 has been called “the year of the SPAC.” (2020 has been called a lot of other things as well, but for purposes of this blog post, I am going to focus on the SPAC-related issues.) With such a SPAC deal, the otherwise usual procedures of an own IPO can be accelerated enormously in the case of a merger, since the SPAC is already listed on the stock exchange. Special purpose acquisition companies (SPACs) A global leader in SPACs. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by Kensington Capital Acquisition Corp. II. SPAC vs IPO: Access to smart, global capital can bring the world EV infrastructure now. Kensington Capital stock soared on Industry: SPAC. Prior to September of this year, the share price was suppressed below $10. For financial reporting, their fiscal year ends on December 31st. A rush of excitement surrounding an acquisition can really take the price of a stock to new heights. Kensington Capital Acquisition Corp. (KCAC.U) | 187 followers on LinkedIn. Last week featured seven announced SPAC deals, ... Kensington Capital Acquisition II (NYSE: KCAC) announced a SPAC merger with Wallbox … View real-time stock prices and stock quotes for a full financial overview. This transaction will enable Wallbox to be listed in the New York Stock Exchange, with a valuation of USD 1.5 billion, becoming the first Spanish company to use the SPAC formula to … Kensington Capital is a special purpose acquisition company or SPAC. Newsest SEC filling . Kensington Capital Acquisition is led by CEO and Chairman Justin Mirro, founder of … The Press Release reads: QuantumScape Corporation has entered into a definitive merger agreement with Kensington Capital Acquisition Corp. (NYSE: KCAC); upon closing, the combined company will remain listed on the New York Stock … Shares of the Kensington SPAC jumped 68% to $17.80 at mid-day. QuantumScape went public via a SPAC in September 2020 and merged with Kensington Capital Acquisition. Kensington Capital Acquisition Corp, best Performing SPAC of 2020. In 1999, Mr. Mirro formed Kensington Capital Partners, LLC, where he has served as President since 2015, to invest in automotive and automotiverelated sector businesses. Freshfields handles all elements of the SPAC (special purpose acquisition company) and de-SPAC process—from the SPAC's formation and IPO to the subsequent business combination—with top-tier M&A, capital markets, corporate governance, tax and benefits lawyers. KENSINGTON CAPITAL ACQUISITION CORP. CEO Kensington Capital Acquisition Corp., a New York-based Special Purpose Acquisition Company (SPAC), led by Justin Mirro who is renowned for thought leadership in automotive and automotive-related industries and longtime publisher of The Motor Weekly. Kensington Capital Partners is pleased to announce the rebranding of the Kensington Hedge Fund I to the Kensington Alternative Strategies Fund effective February 15, 2018. Companies in the industry of "--" are considered alternatives and competitors to Kensington Capital Acquisition, including (GRSVU) (GRSVU), 378 (SCCB), ABG Acquisition Corp. QUANTUMSCAPE : Announces Closing of Public Offering of Class A Common Stock and.. QUANTUMSCAPE : Prices 10.4 Million Share Offering at $40/Share; Shares Decline .. News in other languages on KENSINGTON CAPITAL ACQUISITION CORP. Analyst Recommendations on KENSINGTON CAPITAL ACQUISITION CORP. SPACs are obviously a relatively risky investment, however there are several examples of companies having successfully made this transition. It’s not necessarily the world’s most exciting firm, but through a merger it’s helping to bring electric car battery supplier QuantumScape to the market . Careers. At $10, Kensington Capital Acquisition would command a market value of $219 million. Kensington Capital Stock and High-Energy Hype. Everything you need to know about the latest SPAC news. Kensington Capital Acquisition II is a newly organized, blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Our focus will be on the North American automotive and automotive-related sector. Kensington Capital Acquisition II is a newly organized, blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. In the past few years, SPACS have gone through a rebirth — attracting both unprecedented amounts of capital and a wide range of new participants on the sponsor level. Kensington Capital Acquisition Corp. II announced the pricing of its $200 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “KCAC.U,” Friday, February 26. Kensington Capital Partners, an entity of which our Chairman is the president, is a merchant bank founded in 1999 that invests in automotive and automotive-related businesses, as well as publishes an automotive newsletter called The Motor Weekly® that is distributed to over 5,000 automotive executives and investors. Justin Mirro, a specialist in transportation-related deals, floated Kensington Capital as a SPAC. QuantumScape, the solid-state battery company backed by Volkswagen Group, has agreed to merge with a special purpose acquisition company Kensington Capital Acquisition Corp. as it … Kensington Capital Acquisition II Priced, NYSE: KCAC.U. Kensington Capital Acquisition II has around $230 million in cash in its trust account, and the SPAC has secured another $100 million in PIPE (private investment in public equity) financing. Kensington Capital Partners is an investment firm formed for the very purpose of merging with another company, hence the term “special-purchase acquisition company” (SPAC). The database tracks Company Profiles, SPAC executives, and ALL SPACS. Kensington Capital's Managing Director Rick Nathan joins BNN to discuss why he's seeing opportunity in Alberta and other trends in Canada's tech sector. Kensington Capital is a special purpose acquisition company or SPAC. Kensington Capital has closed its latest round of funding for its tech-focused venture capital fund, exceeding its target of $300 million in investment commitments. Electric vehicle (EV) charging solutions provider Wallbox Chargers and Kensington Capital Acquisition Corp. II, a special purpose acquisition company (SPAC), have agreed to combine their businesses, converting Wallbox into a publicly listed company.. datalakestrategies.com is a COMPREHENSIVE research portal for all things related to Special Purpose Acquisition Companies, or as they are commonly referred to as SPACs. Kensington Capital Acquisition Corp. II is primarely in the business of blank checks. MADRID (Reuters) - Spanish electric-vehicle charger maker Wallbox plans to list on the New York Stock Exchange later this year through a merger with … EV charger maker Wallbox to go public in $1.5 billion New York SPAC deal. QuantumScape, a developer of batteries for electric vehicles, has agreed to merge with Kensington Capital … The deal values the company at a … [ad_1] The post SPAC Kensington Capital Acquisition II Is Taking Wallbox Public appeared first on Millennial Money. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by Kensington Capital Acquisition Corp. II. Kensington Capital Acquisition Corp. II (NYSE: KCAC.U) celebrates their second SPAC at the NYSE Shares of the Kensington SPAC jumped 68% to $17.80 at mid-day. The pro forma implied enterprise value of the combined company would be approximately $1.5 billion. For financial reporting, their fiscal year ends on December 31st. Cuatrecasas has advised Kensington Capital Acquisition Corp. II, a special purpose acquisition company (SPAC), on a merger agreement with the company Wallbox, the leading supplier of EV-charging solutions.. … Automotive SPAC Kensington Capital Acquisition II files for a $200 million IPO. KCAC joins the crowded SPAC EV related space as it is now set to … QuantumScape, a developer of what are known as solid-state batteries, said Thursday it has entered into a definitive agreement to merge with blank check SPAC Kensington Capital … VW has committed more than $300 million to QuantumScape. Mr. LaSorda is managing partner at IncWell Venture Capital, an early stage investment company that has made investments in over 40 technology businesses. ... we have been approached by several public SPAC’s in the last several weeks and are currently in discussions. HHR Ignites Kensington Capital’s $1.5B SPAC Merger With Wallbox Chargers SL View News Article . SPAC background: Kensington is sponsored by Kensington Capital Partners LLC and the management team of Justin Mirro (Chairman and CEO) who is a President at Kensignton Capital Patrners and has been working with the automotive sector for over 25 years, Bob Remenar (Vice Chairman Supply: Getty Photos The particular function acquisition firm (SPAC) crew that took QuantumScape (NYSE: QS) public final 12 months SPAC Kensington Capital Acquisition II Is Taking Wallbox Public - Options Call Today Kensington Capital Acquisition - Kensington Capital Partners launched Kensington Capital Acquisition to purchase a business in the automotive sector. Kensington Capital Acquisition II (NYSE: KCAC) announced on Wednesday that it will merge with … QuantumScape Is Now All Set To Go Public After the Shareholders of the SPAC Kensington Capital (KCAC) Approve the Merger Agreement Between the Two Companies By Rohail Saleem Nov 25, 2020 12:48 EST QuantumScape stock remains well above the levels where SPAC investors came in. Why Kensington Capital Acquisition Stock Popped 7% Today Just what the world needed. Kensington Capital Acquisition Corp. II ( KCAC) Announces $1.5b Deal with Wallbox. Kensington Capital Stock and High-Energy Hype. That will allow Wallbox to raise $330 million in gross cash proceeds from the merger. Kensington Capital Acquisition Corp KCAC Removes word ” AMERICAN ” from target list! Circa 2H20 when QS was taken SPAC by Kensington Capital (KCAC) I put in probably 15 or so hours research on QS thinking a Solid State Battery (SSB) could be the holy grail of electric vehicles (EV), revolutionizing electrification, represent a gargantuan financial opportunity for the company which could pull it off, and thus a windfall for equity investors. Other corporate investors include Shanghai Auto, which is … KENSINGTON CAPITAL ACQUISITION CORP. CEO Kensington Capital Acquisition Corp., a New York-based Special Purpose Acquisition Company (SPAC), led by Justin Mirro who is renowned for thought leadership in automotive and automotive-related industries and longtime publisher of The Motor Weekly. Quantumscape buyer Kensington Capital's newest auto-related SPAC pops 11% on opening day – Seeking Alpha. Kensington Capital Acquisition II stock closed at $10.20 on … On October 2, 2020, a shareholder in Kensington Capital Acquisition Corp. (“Kensington Capital”), a publicly traded SPAC, filed a class action lawsuit against the company and certain of its directors and officers, on behalf of all public Kensington Capital stockholders. Barcelona-based Wallbox, an electric vehicle charging specialist, will list on the New York Stock Exchange this year through a merger with Kensington Capital Acquisition Corp II, a special purpose acquisition company (SPAC) sponsored by private equity firm Kensington Capital Partners., Expansion, PIPEs, Southern Europe, Technology, Spain, Venture, Cathay Capital SPAC Formed Kensington Capital Acquisition Corp. Kensington Capital Acquisition Corp. II is primarely in the business of blank checks. Second blank check company led by the founder of Kensington Capital targeting the auto industry. It’s not necessarily the world’s most exciting firm, but through a merger it’s helping to bring electric car battery supplier QuantumScape to the market . The deal with QuantumScape values the battery startup at an enterprise value of $3.3 billion. The special purpose acquisition company (SPAC) team that took QuantumScape (NYSE: QS) public last year is back with another deal in the electric vehicle (EV) sector. We are a newly organized, blank check company. Many companies have been choosing the SPAC route for … Granted, “cashing the check” is several years away. Wall Box Chargers, S.L. The reason for the fanfare about Special Purpose Acquisition Companies (SPACs) is that there has been a wave of SPAC offerings this year, raising tens of billions of dollars of capital.
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