# QuantumScape to go public via merger with Kensington Capital Acquisition Corp

QuantumScape Corporation, a developer of solid-state lithium-metal batteries for electric vehicles, has entered into a definitive merger agreement with Kensington Capital Acquisition Corp. The transaction will result in QuantumScape becoming a publicly listed company on the NYSE under ticker 'QS', raising over $700 million in proceeds.

- Type: Acquisition
- Announced: 2020-09-03
- Where: San Jose, California, United States
- Value: $700.0M
- 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

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1811414/000156459020042442/kcac-ex991_10.htm), 2020-09-03: "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 Exchange under the ticker symbol 'QS'."

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