Kensington Capital Acquisition Corp. IV (KCA.U) Prices $200M IPO
by Marlena Haddad on 2022-03-02 at 6:24am

Kensington Capital Acquisition Corp. IV announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “KCAC.U” Wednesday, March 2.

The new SPAC intends to focus its search in the global automotive and automotive-related sector with a specific focus on the automotive aftermarket, emerging technologies and original equipment manufacturer and original equipment suppliers. Kensington Capital IV is led by CEO and Chairman Justin Mirro, Vice Chairman and President Dieter Zetsche, COO Robert Remenar, CTO Simon Boag, and CFO Daniel Huber.

Total SPAC deal count for 2022 year-to-date is now 48. This offering is expected to close on Friday, March 5.


UBS Investment Bank and Stifel are acting as the joint book-running managers for the offering and Baird is the lead manager of the offering with Drexel Hamilton as the co-manager. Hughes Hubbard & Reed LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. Marcum LLP serves as an auditor. Continental Stock Transfer & Trust Company is acting as trustee.

Recent Posts
by Nicholas Alan Clayton on 2024-02-21 at 7:53am

At the SPAC of Dawn PHP Ventures (NASDAQ:PPHP) provided an update this morning on its combination with modular construction firm Modulex in the form of a refreshed investor presentation. The parties have been quiet on the news front since they announced the combination over a year ago in December 2022, but a few key facts...

by Nicholas Alan Clayton on 2024-02-21 at 6:19am

DT Cloud Acquisition Corporation (NASDAQ:DYCQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DYCQU” today, Wednesday, February 21, 2024. The new SPAC plans to focus its target search on a company that is under-performing due to a temporary dislocation in the...

by Nicholas Alan Clayton on 2024-02-20 at 2:58pm

SDCL EDGE (NYSE:SEDA) has entered into a definitive agreement to combine with copper alloy manufacturer cunova at an enterprise value of $736 million, or 9.4x its 2023E adjusted EBITDA. Osnabrück, Germany-based cunova manufactures copper casts, fittings and conductivity products for the industrial, defense and aerospace sectors. The combined company is expected to trade on the...

by Nicholas Alan Clayton on 2024-02-20 at 1:31pm

Deals and Funding Power & Digital (NASDAQ:XPDB) has secured a $10 million investment from Rice Investment Group into its combination with HVAC technology firm Montana under undisclosed terms. two (NYSE:TWOA) has secured a $15 million PIPE at $10 per share for its combination with LatAm Logistic Properties. News and Rumors PR: Adtech firm Banzai International...

by Nicholas Alan Clayton on 2024-02-20 at 10:29am

Acri Capital (NASDAQ:ACAC) has entered into a definitive agreement to combine with electronics manufacturer Foxx for $50 million in share compensation. Texas-based Foxx provides communication terminals and IoT services to the telecom sector as well as consumer electronics for retail buyers. The combined company is expected to trade on the Nasdaq once the deal is...

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved