The QuantumScape position is "by accident the single biggest investment I have ever made," Grantham told the FT, partially fueled by the so-called blank-check companies' lack of regulation. QuantumScape Stock Is No Longer Undervalued Given Its Huge Run-Up. Is Tuscan Holdings (NASDAQ: THCB) Stock a Viable QuantumScape (NASDAQ: QS) Sympathy EV Battery SPAC Play? QuantumScape (QS) has announced that its special purpose acquisition company (SPAC) merger with Kensington Capital Acquisition is complete. The company aims to go public with a $3.3 billion valuation and trade on the New York Stock Exchange with the ticker QE. Valuing QuantumScape Stock With that Dec. 11 $28.7 billion market cap, QuantumScape stock has a pro forma EV of $27.56 billion. Energy. The SPAC was founded in 1999 by Justin Mirro, a former engineer for General Motors and Toyota. Sort by. QuantumScape QuantumScape is releasing its shares to the public through an obscure special purpose acquisition company (aka SPAC) merger, which has become an increasingly popular way to IPO in 2020. The SPAC deal is expected to close in late 2020, when the new company will trade on the New York Stock Exchange under the ticker symbol QS. QuantumScape, a developer of what are known as solid-state batteries, has entered into a definitive agreement to merge with blank check company … QuantumScape (NYSE: QS) has announced that its special purpose acquisition company (SPAC) merger with Kensington Capital Acquisition is complete. Kensington Capital stock has a path to explosive upside if its technology truly is a massive advancement. Now read more markets coverage from Markets Insider and Business Insider: Credit Suisse maintains an index of LGBT-inclusive firms that's crushed its global benchmark since 2010. "It gets around the idea of listing requirements, so it is not a useful tool for a lot of successful companies. Investors are excited about alternative energy stocks -- but also nervous. It has since been updated to include the most relevant information available. Disclaimer | Kensington Capital Acquisition (NYSE:KCAC) and QuantumScape announce closing of business combination.QuantumScape shares will trade on the NYSE under the ticker symbol "QS" and its … On completion of the transaction, expected by the end of the year, the combined company will be named QuantumScape and will remain listed on the New York Stock Exchange under the symbol QS, the companies said. Velodyne's stock … The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Tesla stock rose as … Solid-state batteries that work. The SPAC deal is expected to close in late 2020, when the new company will trade on the New York Stock Exchange under the ticker symbol QS. The competitive set in solid-state batteries just changed, in an important way. Lithium metal battery maker QuantumScape Corp QS 3.37% has gained nearly 220% since going public via an SPAC merger on Nov. 27. Even the SPAC "survivors" could shed 70-90% of their current valuations (measured as of late November 2020), therefore sharing the same fate as … On completion of the transaction, expected by the end of the year, the combined company will be named QuantumScape and will remain listed on the New York Stock Exchange under the symbol QS, the companies said. Should the rally hold into the market close, it would add another $100 million to his total gains. Business Insider. Enabling a mass market transformation. #QuantumScape ##QuantumScapestock #... Quantumscape stock is a speculative stock at best, with its lofty valuation and with meaningful revenues for the company still way-off. QS stock is worth just $40.15, or 33% below current levels. The reality of the company's likely timeline may be setting in. QuantumScape (NYSE: QS) has seen a huge run-up since the shares began trading on Nov. 27 following a SPAC merger. If so, then QuantumScape stock has nothing but upside ahead. In this video I talk about QuantumScape Stock. 76.4% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our, Visit the Business Insider homepage for more stories, We spoke with Wall Street's 9 best-performing fund managers of 2020 to learn how they crushed the chaotic market - and compile the biggest bets they're making for 2021. Here are more details. This company may become to EVs what picks and shovels were to gold prospectors. Shares of Kensington Capital Acquisition Corp (NYSE: KCAC) are trading higher by over 30% Friday. It’s important to keep in mind that QuantumScape has already reverse-merged into former SPAC Kensington Capital and changed its symbol to QS. Sign up for free newsletters and get more CNBC delivered to … The SPAC has a deal in place to merge with QuantumScape, a pre-revenue start-up developing a better battery for electric vehicles. Bill Gates-backed electric car battery startup is on the cusp of Provided they don’t buy the SPAC for more than the value of its cash, don’t miss the redemption deadline and aren’t forced out of the trade by a margin call, hedge funds can be pretty confident of not losing money.However, once SPAC shareholders approve a merger, they lose the right to redeem. The post Top SPAC Merger News This Week: Innoviz, Arrival, Lumi... QuantumScape is the latest addition to the NYSE after a merger with Kensington Capital. 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