- CEO
- Justin Mirro
- Full Time Employees
- 5
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1400 Old Country Road Westbury NY United States of America 11590
- IPO Date
- Oct 4, 2021
- Business
- Kensington Capital Acquisition Corp. V Kensington Capital Acquisition Corp. V (NYSE: KCGI) operates as a blank check company, or special purpose acquisition company (SPAC), formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, with a focus on targets in the North American and European industrials sector, including automotive and related industries; it conducts no significant operations and generates no revenue prior to completing an initial business combination. The company, founded in 2021 and headquartered at 1400 Old Country Road, Suite 301, Westbury, NY, leverages the expertise of affiliate Kensington Capital Partners, a merchant bank established in 1999 that invests in automotive businesses, provides strategic advice, and publishes The Motor Weekly newsletter distributed to over 5,000 executives and investors. Leadership includes Chairman and CEO Justin Mirro, with over 25 years in automotive investment banking; Vice Chairman John Arney, with 30 years in industrials and automotive; CFO Daniel Huber; and Chief Technology Officer Dr. Peter Goode. In a major recent development, Kensington Capital Acquisition Corp. V announced on August 1, 2024, that it will redeem its public shares at approximately $11.19 per share and proceed with dissolution and liquidation after failing to identify a suitable target by the extended deadline of August 17, 2024, marking the end of its SPAC lifecycle following an unsuccessful business combination agreement with electric vehicle maker Arrival that was terminated in July 2023; as of late 2025, shares continue to reference this status amid low trading volume and no active operations.