Kensington Capital Acquisition Corp. VI prices $200 million IPO

Kensington Capital Acquisition Corp. VI priced its initial public offering of 20 million units at $10.00 per unit on March 3, 2026, raising $200 million. The blank check company expects its units to begin trading on the New York Stock Exchange under the ticker symbol "KCAC.U" starting March 4, 2026.

Each unit consists of one Class A ordinary share, one-quarter of one Class 1 redeemable warrant and three-quarters of one Class 2 redeemable warrant. The warrants allow holders to purchase Class A ordinary shares at $11.50 per share, subject to adjustment. The offering is expected to close March 5, 2026, subject to customary closing conditions.

The company intends to focus on business combinations in the global automotive and automotive-related sector, as well as other sectors including defense, energy and artificial intelligence. The management team is led by Chairman and CEO Justin Mirro, Vice Chairman and President Dieter Zetsche, COO Robert Remenar, CTO Simon Boag and CFO Daniel Huber.

Cohen & Company Capital Markets serves as lead book-running manager, with Drexel Hamilton acting as co-manager. The underwriters have a 45-day option to purchase up to 3 million additional units at the IPO price to cover over-allotments.

The company has granted underwriters the option to purchase additional units and expects separate trading of Class 1 redeemable warrants under the symbol "KCAC.W" and new units under "KCA.U" once Class 1 warrants begin trading separately.

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