That's a huge 'if', however. no comments yet. The company's solid-state lithium-ion batteries will allow drivers to charge their vehicles to about 80% of full capacity in 15 minutes. A SPAC is a shell company that raises money through an IPO to buy a private operating company, typically within two years. The post QuantumScape Is a Terrible Buy at Its Current Price appeared first on ... QS stock rallied again on Thursday as more investors tune in to solid-state battery advancements from QuantumScape. QuantumScape, a maker of solid-state batteries for EV applications, is the latest stock in the business to close its SPAC merger. Quantumscape Solid-State Showcase. Here are more details. The company aims to go public with a $3.3 billion valuation and trade on the New York Stock Exchange with the ticker QE. Kensington Capital stock has a path to explosive upside if its technology truly is a massive advancement. Solid-state batteries that work. The post QuantumScape SPAC Merger: 9 Things to Know ... Quantumscape CEO Jagddep Singh discusses going public through a SPAC deal and his company's battery technology for electric vehicles. What are solid-state lithium-metal batteries? QuantumScape, a battery developer for electric vehicle use, began trading on the New York Stock Exchange today following a SPAC merger. The SPAC was founded in 1999 by Justin Mirro, a former engineer for General Motors and Toyota. QuantumScape Is Now All Set To Go Public After the Shareholders of the SPAC Kensington Capital (KCAC) Approve the Merger Agreement Between the Two Companies By … #QuantumScape ##QuantumScapestock #... Quantumscape stock is a speculative stock at best, with its lofty valuation and with meaningful revenues for the company still way-off. save. Emmet Peppers grew his accounts from $30,000 in 2010 to over $70 million this year. Microvast is still a private company until it reverse merged into Tuscan Holdings and likely trades under a new stock symbol. Bill Gates-sponsored battery producer QuantumScape to join 'blank-check' IPO frenzy. SPACs Are in a Bubble, but These 3 Stocks Will Make It … The position swelled after Kensington Capital Partners announced plans to merge QuantumScape with a special-purpose acquisition company, or SPAC, in September. Blank-check IPOs exploded in 2020 as firms looked to take advantage of a surge in participation from retail investors and hopes for an economic recovery. Sure, rallying more than 90% from where it was pre-merger announcement, this SPAC play looks pricey at first glance. 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. Technology About Press Investors Select Page Electric vehicles are here. 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. QuantumScape will reach stock exchanges through a reverse merger just like Nikola and Fisker, which makes the SPAC method reach battery companies. Having difficulty picking winning EV stocks? Author: The stock price of QuantumScape Corporation (NYSE: QS) has surged 57.45% in its public debut day as it went from $23.50 at the opening price to a closing of $37 per share. However, I now believe that QuantumScape stock is close to being QuantumScape is also part of a smaller and notable group of electric vehicle-related companies that have announced plans to go public via a SPAC. best. Lithium metal battery maker QuantumScape Corp (NYSE: QS) has gained nearly 220% since going public via an SPAC merger on Nov. 27. Shares of QuantumScape Corp. rallied nearly 20% Wednesday, extending their winning streak to a sixth session and nearly doubling in the interim. QuantumScape says its electric vehicle batteries should allow drivers to charge their cars to 80% of their full capacity within fifteen minutes. #Quantumscape #StichFix #DoorDash For 2020 elec The future is solid. The company joins the electric vehicle investor space with a promise of a battery technology that may pr... A promising developer of the new generation of batteries, QuantumScape has the potential to upend the EV battery supply chain and lead the transition away from fossil fuels. Business Insider. 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. However, investors should know what makes SSBs distinct -- and the challenges t... A pullback to end a huge month was probably inevitable. Business Insider Bill Gates-sponsored battery producer QuantumScape to join 'blank-check' IPO frenzy The deal valued QuantumScape at $3.3 billion, and shares traded at more than four times their listing price when the acquisition was completed on November 30. Stock quotes by finanzen.net, Matthew Lloyd/Getty Images for ReSource 2012. QuantumScape will reach stock exchanges through a reverse merger just like Nikola and Fisker, which makes the SPAC method reach battery companies. 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 company said Thursday it … They also should last about 12 years in an electric veh... QS stock is climbing higher Tuesday after QuantumScape unveiled solid-state battery advancements. In this video I talk about QuantumScape Stock. It’s important to keep in mind that QuantumScape has already reverse-merged into former SPAC Kensington Capital and changed its symbol to QS. Yahoo Finance’s Ines Ferre reports on the latest news on Quantumscape, DoorDash IPO, and Stitch Fix better than expected results. Grantham's profit stands to climb even higher. Valuing QuantumScape Stock With that Dec. 11 $28.7 billion market cap, QuantumScape stock has a pro forma EV of $27.56 billion. Many EV firms like Nikola (NKLA) and Hyliion (HYLN), among others, have gone public this year via reverse mergers with SPACs, a faster, simpler and less demanding process than traditional IPOs. Yahoo Finance’s Ines Ferre reports on the latest news on Quantumscape, DoorDash IPO, and Stitch Fix better than expected results. QuantumScape (NYSE: QS) has announced that its special purpose acquisition company (SPAC) merger with Kensington Capital Acquisition is complete. "It gets around the idea of listing requirements, so it is not a useful tool for a lot of successful companies. While renewable energy stocks are in vogue, successful investors need to understand these trends. These are the second and third auto tech SPAC mergers this year, following one involving San Jose-based Velodyne Lidar Inc. at the end of September. And solid state batteries look to be the big winner in this space. 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. Microsoft co-founder Bill Gates isn't just investing in QuantumScape's potentially revolutionary lithium-metal battery technology — he's giving the venture advice as well. 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