VW-backed battery maker QuantumScape to go public at $3.3 billion valuation
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Quantumscape Confirms Plan to List On NYSE Through Merger With Kensington Capital Acquisition Corp. (KCAC)
September 3, 2020 9:26 AM EDTQuantumScape Corporation ("QuantumScape"), a leader in the development of next generation solid-state lithium-metal batteries for use in electric vehicles, and Kensington Capital Acquisition Corp. ("Kensington") (NYSE: KCAC), a special purpose acquisition company, today announced a definitive agreement for a business combination that would result in QuantumScape becoming a publicly listed company. Upon closing of the transaction, the combined company will be named QuantumScape and is expected to remain listed on the NYSE and trade under the new ticker symbol "QS".
In the decade since the company was founded, QuantumScape has been exclusively... More
