kensington capital acquisition corp
Beginning on November 27, 2020, QuantumScape shares will trade on the NYSE under the ticker symbol "QS" and its warrants will trade on the NYSE under the ticker symbol "QS.W". Bitcoin price under pressure as Binance faces probe, but crypto headed for 16% weekly rise, Bitcoin hit an all-time high â Here's why Warren Buffett still won't touch it, Market Wrap: Bitcoinâs Winning Streak Ends as Prices Struggle to Break Record, Third stimulus check and more: 7 ways to get money from the new COVID law, Bitcoin Hoard Fuels One of Worldâs Biggest Crypto Fortunes, Bill Gates and Warren Buffett should thank American taxpayers for their profitable farmland investments, Oil Price Fundamental Daily Forecast â Supported by Demand Optimism, OPEC+ Output Cuts Despite Lower Close, Markets set up for disappointment from Fed meeting as bond yields renew rise, U.S Mortgage Rates Rise for a 4th Consecutive Week, When will I get my third stimulus check? SAN JOSE, Calif. and WESTBURY, N.Y., Nov. 27, 2020 /PRNewswire/ -- QuantumScape Corporation ("QuantumScape"), a leader in the development of next generation solid-state lithium-metal batteries for use in electric vehicles, announced today that it has completed its business combination with Kensington Capital Acquisition Corp. ("Kensington") (NYSE: KCAC), a special purpose acquisition company. Looking ahead to the end of 2021, the company guides toward continued increasing product sales leading to full-year total revenue near $400 million, well above the consensus forecast of $231 million. Since the company was founded in 2010, QuantumScape has been exclusively focused on developing solid-state batteries and designing a scalable manufacturing process to commercialize its battery technology for the automotive industry. These documents can be obtained free of charge from the sources indicated above. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the "Securities Act"). About Kensington Capital Acquisition Corp.Kensington Capital Acquisition Corp. (NYSE: KCAC) is a special purpose acquisition company formed for the purpose of effecting a business combination in the automotive sector. Kensington is sponsored by Kensington Capital Partners LLC and the management team of Justin Mirro, Bob Remenar, Simon Boag and Daniel Huber. But that simple phrase, while true, raises a tough question: How should an investor judge a stock? Announces Pricing of Upsized $200,000,000 Initial Public Offering. )For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. Bill Gates is now the largest owner of farmland in the U.S. having made substantial investments in at least 19 states throughout the country. AMRS shares have shown rapid growth recently, taking off in the past six months. Kensington is also supported by a board of independent directors including Tom LaSorda, Anders Pettersson, Mitch Quain, Don Runkle and Matt Simoncini. Kensington's SEC filings are available publicly on the SEC's website at www.sec.gov. For additional information, please visit www.autospac.com. We also believe that the company has timed these initiatives well during a very friendly federal regulatory environment, improving the probability of success,â Dayal wrote. When the majority of MicroStrategyâs cash reserves were exhausted, Saylor raised a $650 million corporate bond and used it to buy more.Saylor said heâd rather issue debt against future cash flow now than save up to buy Bitcoin in five years, when he thinks itâll be pricier.In February, the company raised another $1.05 billion in a bonds-for-Bitcoin offering, and on March 5 it announced yet more purchases. Â, "Today marks a big step in the evolution of our company," commented Jagdeep Singh, Founder and Chief Executive Officer of QuantumScape. For financial reporting, their fiscal year ends on December 31st. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. For additional information, please visit www.autospac.com. Kensington and QuantumScape and their respective directors and certain of their respective executive officers and other members of management and employees may be considered participants in the solicitation of proxies with respect to the transaction. Information about the directors and executive officers of Kensington and QuantumScape is set forth in the Registration Statement. He said heâs also put his own money into the digital asset, amassing a personal holding worth more than $1 billion.âIf you go back 10 years, how many people agreed that Facebook, Google, Apple and Amazon would own the world?â he said. To this end, Dayal puts a $28 price target on the stock, backing his Buy rating and suggesting a 34% one-year growth potential. Make pandemic relief work for you when you file your taxes. The companyâs fuel products are marketed to transit and transport customers; among Clean Energyâs customers are Estes Express Lines, UPS, and the New York City MTA. And, one of the latest deals to hit the street involves Kensington Capital Acquisition Corp (NYSE:KCAC). Mortgage rates rose for a 4th consecutive week ahead of a yield spike on Friday. GameStop, AMC, and Cinemark have been whipsawed by investors. All eyes will be on the Federal Reserve's meeting next week as traders put pressure on the central bank to prevent a de-stabilizing rise in bond yields. Kensington Capital Acquisition Corp. II operates as a blank check company. In 2000, a shareholder filed a class-action lawsuit against MicroStrategy, alleging it misled investors over the companyâs earnings by booking revenue prematurely to inflate profits.MicroStrategy agreed to restate its revenue figures and Saylor, once dubbed the wealthiest man in Washington, D.C., with a fortune of $7 billion, lost almost all of it in a matter of weeks after shares fell 95%. from 8 AM - 9 PM ET. His target indicates confidence in 68% growth for the year ahead. Some taxpayers say the IRS "Get My Payment" tool indicated that their third stimulus check was deposited into a bank account that isn't theirs. âWe believe the company is emerging as one of the leaders in implementing a zero-to-negative carbon intensity (CI) strategy to bring renewable fuels to the market that should be supportive of a superior margin profile relative to competitors. Amyris operates three development divisions for cosmetics, health & wellness, and food flavorings, which are offered to the public through three direct-to-consumer brands: Pipette, Biossance, and Purecane. Funds from the transaction are expected to fully support the company through the start of production in the second half of 2024. Bitcoin is struggling to break above its current all-time high set in mid February. The transaction will result in net proceeds of approximately $680 million to QuantumScape, including through a $500 million fully committed PIPE. HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. It is very important to do your own analysis before making any investment. Kensington Capital Acquisition Corp. (NYSE: KCAC) is a special purpose acquisition company formed for the purpose of effecting a business combination in ⦠About Kensington Capital Acquisition Corp. Kensington is a special purpose acquisition company formed for the purpose of effecting a business combination in the automotive sector. Customers include Pacific Green Trucking and Waste Connections. CLNE's Strong Buy consensus rating is based on 3 Buys and 1 Hold. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Kensington is also supported by a board of independent directors including Tom LaSorda, Anders Pettersson, Mitch Quain, Don Runkle and Matt Simoncini. The content is intended to be used for informational purposes only. Goldman Sachs & Co. LLC and UBS Investment Bank served as joint placement agents on the PIPE offering. Should one or more of the risks or uncertainties described in this press release, or should underlying assumptions prove incorrect, actual results and plans could different materially from those expressed in any forward-looking statements. About QuantumScape CorporationQuantumScape, founded in 2010 in California, is a leader in the development of next generation solid-state lithium-metal batteries for use in electric vehicles. The company's mission is to revolutionize energy storage to enable a sustainable future.Â, For additional information, please visit www.quantumscape.com. Kensington Capital Acquisition Corp. The agreement is part of a move by the LA Metro to low-carbon fuels. For MediaQuantumScapePR@icrinc.commedia@quantumscape.com, For Kensington Capital Acquisition Corp.Dan HuberChief Financial Officerdan@kensington-cap.com703-674-6514, View original content:http://www.prnewswire.com/news-releases/kensington-capital-acquisition-corp-and-quantumscape-corporation-announce-final-exchange-ratio-for-proposed-business-combination-301176635.html. âEvery scar informs you, and I wouldnât be who I am without having lived through those experiences.âSteady RevenueSaylor has continued to run the analytics software business he founded in 1989, and has overseen annual revenue streams of around $500 million for the last decade, though sales have dipped in recent years.Bitcoinâs price has soared in recent months, hitting a record above $58,000 last month as big investors pile in and the asset class matures.Saylor shrugs off concern about Bitcoinâs volatility and said crypto critics are behind the curve. All statements, other than statements of present or historical fact included in this press release, regarding Kensington's proposed business combination with QuantumScape and Kensington's ability to consummate the business combination with QuantumScape are forward-looking statements. Heâs become something of a global Bitcoin ambassador in recent months, appearing regularly on crypto podcasts and YouTube shows advocating for digital-asset investments.âThis is a really critical point in human history,â he said. Incorporated served as financial advisors to Kensington. Kensington Capital Acquisition Corp. (NYSE: KCAC) is a special purpose acquisition company formed for the purpose of effecting a business combination in the automotive sector. The complaint alleges that QuantumScape Corporation f/k/a Kensington Capital Acquisition Corp. violated federal securities laws by issuing materially false and/or misleading information and/or failing to disclose material information. Real time Kensington Capital Acquisition Corp (KCAC) stock price quote, stock graph, news & analysis. QuantumScape, founded in 2010 in California, is a leader in the development of next generation solid-state lithium-metal batteries for use in electric vehicles. At $10, Kensington Capital Acquisition II would command a market value of $250 million. Kensington Capital Acquisition is led by CEO and Chairman Justin Mirro, founder of ⦠Kensington Capital Partners is a merchant bank focused on making investments and providing strategic advice to businesses in the ⦠(See AMTX stock analysis on TipRanks) To find good ideas for growth stocks trading at attractive valuations, visit TipRanksâ Best Stocks to Buy, a newly launched tool that unites all of TipRanksâ equity insights. Kensington II is led by [â¦] SOURCE Kensington Capital Acquisition Corp. Justin Mirro, our Chairman and Chief Executive Officer, provides leadership and expertise in sourcing, structuring, financing, and closing complex transactions. The billionaire famous for value investing sees no real value in cryptocurrency. The class action, filed in the United States District Court for the Northern District of California, ⦠These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. For additional information, please visit www.quantumscape.com. Covering this stock for Roth Capital, 5-star analyst Craig Irwin notes the companyâs forward guidance and recent growth. The Registration Statement was declared effective by the SEC, and Kensington commenced mailing the proxy statement/prospectus/information statement to its stockholders, on November 12, 2020. Except as otherwise required by applicable law, Kensington and QuantumScape disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Amyris has picked up 4 recent Buy reviews, all coalescing to a Strong Buy consensus rating. In addition, QuantumScape cautions you that the forward-looking statements contained in this press release are subject to the following factors: (i) QuantumScape's ability to realize the anticipated benefits of the business combination, which may be affected by, among other things, competition and the ability of QuantumScape to grow and manage growth profitably following the business combination; (ii) risks relating to the outcome and timing of the Company's development of its battery technology and related manufacturing processes; (iii) the possibility that QuantumScape may be adversely affected by other economic, business, and/or competitive factors; and (iv) the possibility that the expected timeframe for, and other expectations regarding the development and performance of, QuantumScape's products will differ from current assumptions. Paul Pelosi, husband of Speaker Nancy Pelosi, bought more than $1 million of shares of investment firm AllianceBernstein in February. Craig-Hallum analyst Eric Stine, rated 5-stars at TipRanks, writes of Clean Energy: âWe think it is becoming increasingly clear that natural gas (and RNG) is going to be a critical fuel as part of the de-carbonization of transportation with Amazonâs initial deployment an exclamation point. The third round of stimulus checks will start hitting bank accounts for eligible Americans as early as this weekend, the IRS said late Friday. Bitcoin traded above $60,000 Saturday. Investors should also look for Wall Streetâs view â are the analysts impressed by the stock? The firmâs shares closed down 2.5% to $784 in New York.Read more: MicroStrategy CEO Will Consider Raising More Debt to Buy BitcoinThe move has resulted in MicroStrategy becoming a dual-purpose company: part software maker, part Bitcoin investor. Clean Energy was awarded three fueling depots for five years, with an option to extend the contract for an additional three years. Stockholders, potential investors and other interested persons should read the Registration Statement carefully before making any voting or investment decisions. 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 âKCAC.U,â Friday, February 26. The shares are priced at $20.83, with a $26.50 average target that indicates room for 27% growth in by yearâs end. The Kensington team has completed over 70 automotive transactions and has over 300 years of combined experience leading some of the largest automotive companies in the world. (To watch Stineâs track record, click here) Overall, Wall Streetâs analysts are sanguine about this stockâs ability to continue melting up to new highs. Capitalized terms used in this press release but not otherwise defined herein have the meanings given to them in the Business Combination Agreement. Here are the details. (Bloomberg) -- Itâs the latest corporate strategy for companies from Tesla Inc. to Square Inc.: shift a portion of cash reserves into cryptocurrencies as digital assets become more mainstream.Still, few have gone as far as MicroStrategy Inc. The company focuses on developing synthetic chemical replacements for common petroleum-, plant-, and animal-based products. Pursuant to the terms and subject to the conditions set forth in the Business Combination Agreement, at the closing of the business combination (the "Closing"), each outstanding share of QuantumScape's Class A common stock, together with each share of QuantumScape's preferred stock that is outstanding immediately prior to the Closing and convertible into a share of QuantumScape's Class A common stock pursuant to the provisions of QuantumScape's certificate of incorporation, and each outstanding share of QuantumScape's Class B common stock, together with each share of QuantumScape's preferred stock that is outstanding immediately prior to the Closing and convertible into a share of QuantumScape's Class B common stock pursuant to the provisions of QuantumScape's certificate of incorporation, will be cancelled and automatically converted into the right to receive shares of Kensington Class A common stock, par value $0.0001 per share, or shares of Kensington Class B common stock, par value $0.0001 per share, as applicable, with each holder's shares rounded down to the nearest whole number. Three stocks in the TipRanks database are flagging all those signs of strong forward growth. Kensington Capital Acquisition Corp. II is primarely in the business of blank checks. A bond market selloff is calling the tune across financial markets. The increasing sales let to full-year revenues of $173 million, a 13% year-over-year gain. In early February, Clean Energy announced a major multi-year contract to provide the LA County Metro system â the largest bus fleet in the US â with 47.5 million gallons of RNG. For Kensington Capital Acquisition Corp.Dan HuberChief Financial Officer[email protected]703-674-6514. Find the latest SEC Filings data for Kensington Capital Acquisition Corp. Class A Common Stock (KCAC) at Nasdaq.com. QuantumScape cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of either Kensington or QuantumScape. 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