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Amprius Technologies, Inc., a leader in lithium-ion batteries, will host a Virtual Investor Day on August 16, 2022, at 1:00 PM EDT. The event will provide insights into Amprius' innovative silicon anode lithium-ion battery cells, followed by a live Q&A session with the executive team. Registration is required and materials will be available post-event on Amprius' Investor Relations website. This follows Amprius' announcement in May 2022 regarding its planned business combination with Kensington Capital Acquisition Corp. IV (NYSE: KCAC.U), expected to finalize in late 2022.
Amprius Technologies, a leader in lithium-ion battery technology, announced its third-quarter 2022 investor conference schedule, where they will present virtually at multiple conferences including the Oppenheimer Technology, Internet & Communications Conference on August 10, Baird Newly Public Company Virtual Access Day on August 17, and the Cowen Annual Global Transportation & Sustainable Mobility Conference on September 9. The company is merging with Kensington Capital Acquisition Corp. IV (NYSE: KCAC.U), aimed at enhancing its manufacturing capabilities. This merger is expected to conclude in the latter half of 2022.
Amprius Technologies announced that Justin Mirro will join its board following the business combination with Kensington Capital Acquisition Corp. IV (NYSE: KCAC.U), expected in H2 2022. Mirro has over 25 years of experience in the automotive sector and is currently the CEO of Kensington. Both companies see his expertise as pivotal for Amprius' growth in the electric mobility space. Dr. Kang Sun, CEO of Amprius, emphasized that Mirro's skills will be crucial as they commercialize their Silicon Nanowire Anode batteries.
Amprius Technologies and Kensington Capital Acquisition Corp. IV have announced a definitive agreement for a business combination that will lead to Amprius being publicly listed on the NYSE under the ticker 'AMPX'. The transaction is expected to generate approximately $430 million in gross proceeds and values Amprius at an implied pro forma enterprise value of $939 million. Amprius specializes in high-energy density lithium-ion batteries, primarily serving the aviation and defense markets, and aims to expand into the automotive sector.
Wallbox, a leader in electric vehicle charging solutions, has completed its business combination with Kensington Capital Acquisition Corp. II. The merger, approved on September 30, 2021, closed on October 1, 2021, and Wallbox will now trade under the ticker 'WBX'. The transaction raised approximately $252 million to support Wallbox's strategic growth, particularly in the U.S. market, where it aims to enhance product development and certifications. Wallbox has achieved over 300% YoY revenue growth in 2021 and has sold over 200,000 charging units since its inception in 2015.
Kensington Capital Acquisition Corp. II (NYSE: KCAC.U) announced that starting April 19, 2021, holders of its 23 million initial public offering units can trade shares of Class A common stock and redeemable warrants separately. The units will continue to trade under 'KCAC.U', while separated Class A common stock will trade as 'KCAC' and redeemable warrants as 'KCAC WS'. The initial public offering was completed on March 2, 2021, with a registration statement effective February 25, 2021. UBS Securities LLC and Stifel, Nicolaus & Company were the joint book runners for the offering.
