STOCK TITAN

Kensington Capital Acquisition Stock Price, News & Analysis

KCGI NYSE

Company Description

Kensington Capital Acquisition Corp. V (NYSE: KCGI) is a special purpose acquisition company (SPAC) focused on effecting a merger, stock purchase, or similar business combination within the industrial sector. The company's leadership team comprises experienced professionals including Justin Mirro, Dan Huber, John Arney, Peter Goode, and Julian Ameler, supported by a board of independent directors such as William Kassling, Anders Pettersson, Mitchell Quain, Mark Robertshaw, and Nickolas Vande Steeg.

Kensington Capital Acquisition Corp. V, sponsored by Kensington Capital Partners, leverages its extensive expertise and operational capabilities to identify and partner with businesses that align with their strategic goals. The company aims to capitalize on growth opportunities in the industrial sector by leveraging its management team's deep industry knowledge and network.

In recent news, on July 28, 2023, Kensington Capital Acquisition Corp. V filed a definitive proxy statement for an Extraordinary General Meeting (EGM) to be held on August 15, 2023. Among the proposals to be considered, shareholders will vote on an Extension Amendment Proposal to extend the deadline for consummating a business combination from August 17, 2023, to August 17, 2024. If the amendment is not approved, the company will commence the process of winding up its operations, redeeming its public shares, and eventually dissolving and liquidating.

For those interested in more detailed information, the company has urged shareholders to read the Definitive Proxy Statement and other related documents filed with the Securities and Exchange Commission (SEC). These documents are available on the SEC's website and can also be obtained directly from Kensington Capital Acquisition Corp. V by contacting their office in Westbury, NY.

Overall, Kensington Capital Acquisition Corp. V continues to pursue strategic opportunities to enhance shareholder value and remains committed to its vision of identifying and merging with promising businesses in the industrial sector.

Stock Performance

$—
0.00%
0.00
Last updated:
4.8 %
Performance 1 year
$127.8M
Market Cap
11.4M
Shares outstanding

SEC Filings

No SEC filings available for Kensington Capital Acquisition.

Financial Highlights

$1,596,391
Net Income (TTM)
-$240,874
Operating Cash Flow
0.27
Current Ratio
-$238,795
Operating Income
Revenue (TTM)
Diluted EPS (TTM)

Upcoming Events

Frequently Asked Questions

What is the market cap of Kensington Capital Acquisition (KCGI)?

The market cap of Kensington Capital Acquisition (KCGI) is approximately 127.8M.

What is the net income of Kensington Capital Acquisition (KCGI)?

The trailing twelve months (TTM) net income of Kensington Capital Acquisition (KCGI) is $1,596,391.

What is the operating cash flow of Kensington Capital Acquisition (KCGI)?

The operating cash flow of Kensington Capital Acquisition (KCGI) is -$240,874.

What is the current ratio of Kensington Capital Acquisition (KCGI)?

The current ratio of Kensington Capital Acquisition (KCGI) is 0.27, indicating the company's ability to pay short-term obligations.

What is the operating income of Kensington Capital Acquisition (KCGI)?

The operating income of Kensington Capital Acquisition (KCGI) is -$238,795.

What is Kensington Capital Acquisition Corp. V?

Kensington Capital Acquisition Corp. V is a special purpose acquisition company (SPAC) focused on merging with or acquiring businesses in the industrial sector.

Who is on the management team of Kensington Capital Acquisition Corp. V?

The management team includes Justin Mirro, Dan Huber, John Arney, Peter Goode, and Julian Ameler.

What was the recent significant update from Kensington Capital Acquisition Corp. V?

The company filed a definitive proxy statement for an Extraordinary General Meeting on August 15, 2023, to vote on extending the deadline for business combination.

What will happen if the Extension Amendment Proposal is not approved?

If not approved, the company will wind up operations, redeem public shares, and eventually dissolve and liquidate.

Where can I find the Definitive Proxy Statement and related documents?

These documents are available on the SEC's website and can also be obtained directly from Kensington Capital Acquisition Corp. V.

What is the focus sector for Kensington Capital Acquisition Corp. V’s business combinations?

The company focuses on the industrial sector.

Who sponsors Kensington Capital Acquisition Corp. V?

Kensington Capital Partners sponsors the company.

How can shareholders contact Kensington Capital Acquisition Corp. V?

Shareholders can contact the company at their office in Westbury, NY, or by emailing dan@kensington-cap.com.

What is a SPAC?

A SPAC, or Special Purpose Acquisition Company, is a company formed to raise capital through an IPO for the purpose of acquiring or merging with an existing company.

Who are the independent directors of Kensington Capital Acquisition Corp. V?

The independent directors include William Kassling, Anders Pettersson, Mitchell Quain, Mark Robertshaw, and Nickolas Vande Steeg.