# QuantumScape to merge with Kensington Capital in $3.3B SPAC deal

QuantumScape Corporation, a developer of solid-state lithium-metal batteries for electric vehicles, announced a definitive agreement to merge with Kensington Capital Acquisition Corp., a SPAC. The deal values QuantumScape at $3.3 billion and raises over $700 million in proceeds, including a $500 million PIPE.

- Type: Acquisition
- Announced: 2020-09-03
- Where: United States
- Value: $3.30B
- Status: announced
- Products: solid-state lithium-metal batteries
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [QuantumScape Corporation](https://endata.com/companies/49690.md) (target)
- [Kensington Capital Acquisition Corp.](https://endata.com/companies/49691.md) (acquirer)

## Sources

- [wsgr.com](https://www.wsgr.com/en/insights/wilson-sonsini-advises-quantumscape-in-merger-with-kensington-capital-acquisition-corp.html), 2020-09-03: "On September 3, 2020, QuantumScape Corporation and Kensington Capital Acquisition Corp. announced a definitive agreement for a business combination that would result in QuantumScape becoming a publicly listed company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.