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QuantumScape Announces Proposed Public Offering of Class A Common Stock
SAN JOSE, Calif.--(BUSINESS WIRE)-- QuantumScape Corporation (NYSE: QS), a leader in developing next-generation solid-state lithium-metal batteries, today
About this update from Quantumscape Corporation
[{"type":"text","content":" SAN JOSE, Calif.--(BUSINESS WIRE)--\nQuantumScape Corporation (NYSE: QS), a leader in developing next-generation solid-state lithium-metal batteries, today commenced a proposed underwritten public offering of shares of its Class A common stock.\n\n\nQuantumScape intends to offer $300 million of shares of its Class A common stock for working capital and general corporate purposes.\n\n\nQuantumScape intends to grant the underwriters a 30-day option to purchase up to an additional $45 million of shares of Class A common stock at the public offering price, less underwriting discounts and commissions. The proposed offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.\n\n\nEvercore ISI and Morgan Stanley are acting as joint lead book-running managers for the Offering.\n\n\nThe public offering will be made pursuant to a shelf registration statement on Form S-3 that was filed by QuantumScape with the U.S. Securities and Exchange Commission (the \"SEC\") and declared effective by the SEC. The proposed offering is being made only by means of an effective shelf registration statement, including a preliminary prospectus and final prospectus, copies of which may be obtained, when available, on the SEC’s website at http://www.sec.gov or by contacting: Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, New York 10055, by telephone at 888-474-0200, or by email at [email protected]; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.\n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\n\n\nAbout QuantumScape Corporation\n\n\nQuantumScape is on a mission to transform energy storage with solid-state lithium-metal battery technology. The company’s next-generation batteries are designed to enable greater energy density, faster charging and enhanced safety to support the transition away from legacy energy sources toward a lower c...