- CEO
- Justin Mirro
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1400 Old Country Road Westbury NY United States of America 11590
- IPO Date
- Aug 13, 2021
- Business
- Kensington Capital Acquisition Corp. V (NYSE: KCGI-UN) operates as a blank check company focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily targeting companies in the industrial sector with an emphasis on North American and European operations; it offers no current products or services beyond its SPAC structure, including Class A ordinary shares and redeemable warrants exercisable at $11.50. Founded in 2021 and headquartered at 1400 Old Country Road, Suite 301, Westbury, New York, the company leverages the expertise of sponsor Kensington Capital Partners, a merchant bank established in 1999 that invests in automotive and related businesses and publishes The Motor Weekly newsletter distributed to over 5,000 executives and investors. In August 2024, Kensington announced it would redeem its public shares and liquidate without completing an initial business combination after failing to identify a suitable target despite extensions to August 17, 2024 from its original timeline and an extensive search amid challenging SPAC market conditions; its status is listed as liquidated with public shares cancelled as of August 19, 2024.