Kensington Capital Partners is a merchant bank focused on making investments and providing strategic advice to businesses in the … Kensington and QuantumScape caution 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 Kensington and QuantumScape. That means Elon Musk's bet on the cryptocurrency has netted Tesla more than a billion dollars. Find the latest SEC Filings data for Kensington Capital Acquisition Corp. Class A Common Stock (KCAC) at Nasdaq.com. Capitalized terms used in this press release but not otherwise defined herein have the meanings given to them in the Business Combination Agreement. Three stocks in the TipRanks database are flagging all those signs of strong forward growth. Of that total, the $35 million in product revenue was up 71% year-over-year. 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. GameStop, AMC, and Cinemark Shares Have Been Whipsawed. Goldman Sachs & Co. LLC and UBS Investment Bank served as joint placement agents on the PIPE offering. 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. HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. This is in addition to five fueling depos with Clean Energy already operates for Metro. In 2000, a shareholder filed a class-action lawsuit against MicroStrategy, alleging it misled investors over the company’s 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%. Hughes Hubbard & Reed LLP served as legal advisor and UBS Investment Bank, Stifel Nicolaus & Company Incorporated and Robert W. Baird & Co. 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. Information about the directors and executive officers of Kensington and QuantumScape is set forth in the Registration Statement. At $10, Kensington Capital Acquisition would command a market value of $219 million. Except as otherwise required by applicable law, QuantumScape disclaims 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. Justin Mirro, our Chairman and Chief Executive Officer, provides leadership and expertise in sourcing, structuring, financing, and closing complex transactions. Customers include Pacific Green Trucking and Waste Connections. Mgmt expects to add another 8 to 10 ingredients to the active development pipeline in 2021, maintaining a broad channel for expanding long-term product and ingredient potential,” Irwin opined. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the proxy statement/prospectus/information statement and Kensington's periodic filings with the SEC. 6 things that can get you a bigger tax refund due to COVID. 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. When used in this press release, the words 'are designed to," "could," "should," "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. The $1.9 trillion package includes multiple forms of aid for U.S. households. Kensington is sponsored by Kensington Capital Partners LLC and the management team of Justin Mirro, Bob Remenar, Simon Boag and Daniel Huber. The company reported $80 million in total sales, more than doubling the previous quarter’s result. When the majority of MicroStrategy’s cash reserves were exhausted, Saylor raised a $650 million corporate bond and used it to buy more.Saylor said he’d rather issue debt against future cash flow now than save up to buy Bitcoin in five years, when he thinks it’ll 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. A bond market selloff is calling the tune across financial markets. The LA Metro news came out after CLNE shares had been showing explosive recent growth, part of a general trajectory that has seen the stock rise 492% over the past 6 months. Kensington's SEC filings are available publicly on the SEC's website at www.sec.gov. The third round of stimulus checks will start hitting bank accounts for eligible Americans as early as this weekend, the IRS said late Friday. “When you put your money in a bank, the value of it doesn’t go up or down by 10% a day.”Saylor has clashed with investors before. The new company aims to combine with a middle-market automotive target with solid financial performance and visibility. Bull cycles are slowly coming around, potentially completing the handle of a three-year cup and handle breakout pattern. http://www.prnewswire.com/news-releases/kensington-capital-acquisition-corp-and-quantumscape-corporation-announce-final-exchange-ratio-for-proposed-business-combination-301176635.html, UPDATE 1-Dangerous winter storm batters western U.S. as airport, highways shut down, UPDATE 1-New Zealand's Tilt Renewables agrees to $2.1 bln takeover by consortium, Torchy’s Tacos Taps Morgan Stanley, JPMorgan for IPO, U.S. administers 107.1 mln doses of COVID-19 vaccines - CDC, Merkel’s Party Slumps to Historic Low in German State Votes, Stimulus checks sent to wrong bank accounts for some Americans checking IRS ‘Get My Payment’ tool, Nancy Pelosi’s Husband Bought Up This Investment Firm’s Stock, ‘There will be no peace’ until 10-year Treasury yield hits 2%, strategist says, 3 Monster Growth Stocks That Could Reach New Highs, As mortgage rates keep surging, experts say borrowers shouldn't delay. To this end, Dayal puts a $28 price target on the stock, backing his Buy rating and suggesting a 34% one-year growth potential. Bitcoin is struggling to break above its current all-time high set in mid February. The company's mission is to revolutionize energy storage to enable a sustainable future. The company has also published a five-year growth plan targeting $1 billion in total revenue by 2025. “We’ll build a better world on it once people understand it. New York, New York--(Newsfile Corp. - January 20, 2021) - Pomerantz LLP announces that a class action lawsuit has been filed against QuantumScape Corporation f/k/a Kensington Capital Acquisition Corp. ("Kensington") ("QuantumScape" or the "Company") (NYSE: QS) and certain of its officers. We also believe that the company has timed these initiatives well during a very friendly federal regulatory environment, improving the probability of success,” Dayal wrote. Aemetis reported 4Q20 results earlier this month, and despite losses year-over-year the company was able to put a positive spin on the results. 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"). Jun 25 2020. For financial reporting, their fiscal year ends on December 31st. The company focuses on developing synthetic chemical replacements for common petroleum-, plant-, and animal-based products. For additional information, please visit www.autospac.com. Paul Pelosi, husband of Speaker Nancy Pelosi, bought more than $1 million of shares of investment firm AllianceBernstein in February. And in addition to that, how does the upside potential look like? The increasing sales let to full-year revenues of $173 million, a 13% year-over-year gain. The transaction will result in net proceeds of approximately $680 million to QuantumScape, including through a $500 million fully committed PIPE. The company is sponsored by Kensington Capital Partners (“KCP”) and the management team of Justin Mirro, Bob Remenar, Simon Boag and … The Business Combination was approved by Kensington stockholders in a special meeting held on November 25, 2020. For the umpteenth announcement of 2020 by a special purpose acquisition company, or SPAC, as they’re more commonly known, Kensington Capital Acquisition Corp. (NYSE: KCAC) declared Sept. … The Law Offices of Frank R. Cruz reminds investors of the upcoming March 8, 2021 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased QuantumScape Corporation ("QuantumScape" or the "Company") f/k/a Kensington Capital Acquisition Corp. (NYSE: QS) securities between November 27, 2020 and December 31, 2020, … “Long-term growth is underpinned by a strong pipeline of new molecules in development with strategic partners. He said he’s also put his own money into the digital asset, amassing a personal holding worth more than $1 billion.“If you go back 10 years, how many people agreed that Facebook, Google, Apple and Amazon would own the world?” he said. Amyris, Inc. (AMRS) Say ‘biotech,’ and most people will assume you’re talking about pharmaceuticals. AMRS has a share price of $20.65, and even after its recent appreciation, the $25.50 average price target still suggests a 23% one-year upside. 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. New York, New York--(Newsfile Corp. - March 7, 2021) - Pomerantz LLP announces that a class action lawsuit has been filed against QuantumScape Corporation f/k/a Kensington Capital Acquisition Corp. ("Kensington") ("QuantumScape" or the "Company") (NYSE: QS) and certain of its officers. Kensington Capital Acquisition Corp. II is primarely in the business of blank checks. Covering this stock for Roth Capital, 5-star analyst Craig Irwin notes the company’s forward guidance and recent growth. Amit Dayal, rated #9 overall among Wall Street analysts, takes note of all of this in his recent coverage of AMTX. 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. Important Information and Where to Find It. The exchange ratio as of the anticipated date for Closing is higher than the exchange ratio (calculated in accordance with the Business Combination Agreement as of the date of the initial signing of the Business Combination Agreement) that was set out in the proxy statement/prospectus/information statement, dated November 12, 2020, that was filed by Kensington with the Securities and Exchange Commission (the "SEC") and distributed to its stockholders. 1 to Business Combination Agreement, dated as of September 21, 2020 (as so amended, the "Business Combination Agreement"), among Kensington, Kensington Merger Sub Corp. and QuantumScape, pursuant to which, among other things, Kensington and QuantumScape will enter into a business combination. Make pandemic relief work for you when you file your taxes. 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. Clean Energy was awarded three fueling depots for five years, with an option to extend the contract for an additional three years. Funds from the transaction are expected to fully support the company through the start of production in the second half of 2024. Shares of Kensington Capital Acquisition jumped 18% at the open Friday after the special purpose acquisition company, or SPAC, said its pending merger with QuantumScape is … We’re still very early. Now we have useful profile for monster growth stocks: gangbusters gains, Buy ratings from the Wall Street analyst corps, and considerable upside for the coming year. Mortgage rates rose for a 4th consecutive week ahead of a yield spike on Friday. Kensington Capital Acquisition Corp. 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. The SPAC, or blank-check company, is acquiring privately held QuantumScape. Kensington Capital Acquisition Corp. These documents can be obtained free of charge from the sources indicated above. There could be further increases ahead as the housing sector braces for homebuying season. “Every scar informs you, and I wouldn’t be who I am without having lived through those experiences.”Steady 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.Bitcoin’s 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 Bitcoin’s volatility and said crypto critics are behind the curve. 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. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The company’s fuel products are marketed to transit and transport customers; among Clean Energy’s customers are Estes Express Lines, UPS, and the New York City MTA. The firm’s 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. Wilson Sonsini Goodrich & Rosati served as legal advisor and Goldman Sachs & Co. LLC served as financial advisor to QuantumScape. A significant portion of that gain has come after the company’s announcement that it will be starting a ‘Carbon Zero’ plant to produce renewable truck and jet fuels, with a capacity of 23 million gallons per year. In connection with the transaction, Kensington has filed a registration statement on Form S-4, including a proxy statement/prospectus/information statement (the "Registration Statement"), with the SEC, which includes a proxy statement distributed to holders of Kensington's common stock in connection with Kensington's solicitation of proxies for the vote by Kensington's stockholders with respect to the transaction and other matters as described in the Registration Statement, a prospectus relating to the offer of the securities to be issued to QuantumScape's stockholders in connection with the transaction, and an information statement to QuantumScape's stockholders regarding the transaction. The content is intended to be used for informational purposes only. AMRS shares have shown rapid growth recently, taking off in the past six months. The company believes the proceeds from its transaction with Kensington Capital Acquisition Corp. will fully fund the company through the start of production via its previously announced manufacturing joint venture with the Volkswagen Group to prepare for the mass production of solid-state batteries for Volkswagen. The shares are priced at $20.83, with a $26.50 average target that indicates room for 27% growth in by year’s end. 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. For additional information, please visit www.autospac.com. Through its elegant "anode-less" design, QuantumScape's solid-state lithium-metal batteries are designed to be safer, and to deliver greater range, faster charge times and improved cycle life, than today's conventional lithium-ion battery technology. That is the environment that led us to decide we should consider Bitcoin as a treasury reserve asset.”‘Every Scar’Not everyone agrees with the strategy.“Saylor equated Bitcoin to a bank – that’s just ridiculous,” said Marc Lichtenfeld, chief income strategist at the Oxford Club, a financial-research firm that has no stake in MicroStrategy. Bitcoin traded above $60,000 Saturday. Investors should also look for Wall Street’s view – are the analysts impressed by the stock? Irwin also points out that Amyris is well-positioned to maintain its blistering pace. (See CLNE stock analysis on TipRanks) Aemetis (AMTX) Aemetis is another company focusing on renewable fuels. Â, "Today marks a big step in the evolution of our company," commented Jagdeep Singh, Founder and Chief Executive Officer of QuantumScape. Real time Kensington Capital Acquisition Corp (KCAC) stock price quote, stock graph, news & analysis. Stockholders, potential investors and other interested persons should read the Registration Statement carefully before making any voting or investment decisions. (To watch Stine’s track record, click here) Overall, Wall Street’s analysts are sanguine about this stock’s ability to continue melting up to new highs. Aemetis’ main products are ethanol and biodiesel, along with glycerin, an important industrial chemical. With CLNE’s dominant position and RNG plans, the significant financial impact of RNG which is amplified by the increased contribution of low-CI RNG, and the most expansive station footprint, we see CLNE as an ideal investment in natural gas and also note it is one of the few pure play investments in renewable natural gas.” In light of his bullish comments, Stine puts a Buy rating and a $25 price target on CLNE. (To watch Dayal’s track record, click here) AMTX shares have managed to slip under the radar so far, and have only garnered 2 recent reviews. Every investor knows that you can’t look to a stock’s past performance as predictor of future gains. Clean Energy produces renewable natural gas (RNG) for transportation purposes. That rise has coincided with several other recent contracts, totaling over 58 million gallons of RNG. Craig-Hallum analyst Eric Stine, rated 5-stars at TipRanks, writes of Clean Energy: “We 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 Amazon’s initial deployment an exclamation point. The company also saw a significant yoy increase in gross margins, from 56% to 66%. This will be the decade.”(Updates with additional purchases in 17th paragraph. )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. Q4 marked the third consecutive quarter of record product sales. Incorporated served as financial advisors to Kensington. 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. 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. Tesla’s Crypto Bet Continues to Pay Off. After cutting advertising and axing 400 jobs unsuited to home-work, the Tysons Corner, Virginia-based firm was sitting on a cash pile of $550 million with nowhere to put it. Kensington Capital Acquisition is led by CEO and Chairman Justin Mirro, founder of … He’s become something of a global Bitcoin ambassador in recent months, appearing regularly on crypto podcasts and YouTube shows advocating for digital-asset investments.“This is a really critical point in human history,” he said. 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. Senior members of the establishment.”Raise DebtSaylor’s appetite to acquire Bitcoin didn’t stop after the company’s first purchase. Bitcoin Hits $60,000. Over the years, three trends in farm subsidy programs have emerged. Kensington Capital Acquisition Corp. II operates as a blank check company. Unsurprisingly, Irwin rates AMRS as a Buy, and his $33 price target implies a 59% upside potential in the next 12 months. The report noted that, even though 2020 saw serious demand disruptions, ethanol and fuel-grade alcohol revenues came in at $112 million, just $3 million less than the prior year. Kensington Capital Acquisition Corp. (NYSE: KCAC) is a special purpose acquisition company formed for the purpose of effecting a business combination in … The truth is, past is prologue, not prophet, and investors can profit by taking past performance as one of many factors in evaluating a stock. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. In early February, Clean Energy announced a major multi-year contract to provide the LA County Metro system – the largest bus fleet in the US – with 47.5 million gallons of RNG. Kensington Capital Acquisition Corp. II (NYSE: KCAC.U) is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with a business in the automotive and automotive-related sector. Kensington is sponsored by Kensington Capital Partners LLC and the management team of Justin Mirro, Bob Remenar, Simon Boag and Daniel Huber. (To watch Irwin’s track record, click here) Fast-paced growth will always attract Wall Street’s analysts to an innovator. Kensington Capital Acquisition Corp. $200,000,000 20,000,000 Units Kensington Capital Acquisition Corp. is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more CLNE's Strong Buy consensus rating is based on 3 Buys and 1 Hold. His target indicates confidence in 68% growth for the year ahead. AT&T, T-Mobile, and Verizon Have Big Plans. Only One Is a True Growth Stock. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by Kensington Capital Acquisition Corp. II. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
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