Kensington Capital Acquisition Corp. V
KCGI-WT
New York Stock Exchange0.02
USD
+0.00
- -
CIK
0001865407
Return %
Stock
S&P500
1Y
-87.50
18.02
3Y
-88.89
64.11
5Y
-88.89
72.15
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- CIK
- 0001865407
- Similar Companies
- Business
- Kensington Capital Acquisition Corp. V (NYSE: KCGI-WT) operates as a blank check company, or special purpose acquisition company (SPAC), formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, with a focus on the industrials sector in North America and Europe; it offers no current products or services beyond this structure, including units comprising Class A ordinary shares and public warrants exercisable at $11.50 per share. Founded in 2021 and headquartered in Westbury, New York, the company completed its initial public offering in August 2021, raising $276 million, but maintains no significant operations or revenue generation pending a business combination. In August 2024, Kensington announced it could not consummate an initial business combination after an extensive search and market evaluation, leading to the redemption of public shares at approximately $11.19 per share, delisting from the NYSE, liquidation of its trust account, and full dissolution completed by August 19, 2024, with no distributions or redemption rights for warrants, which became worthless; prior to this, it mutually terminated a proposed deal with electric vehicle maker Arrival in July 2023 and extended its combination deadline to August 2024 via shareholder approval.