Jagdeep Singh, QuantumScape Founder & CEO, joined Yahoo Finance to discuss going public through a SPAC deal and the future of electric vehicles. no comments yet. Business Insider Bill Gates-sponsored battery producer QuantumScape to join 'blank-check' IPO frenzy Without better battery technology, it will be difficult -- if not impossible -- for EVs to replace gas-powered vehicles. VW has committed more … A massive surge in QuantumScape stock has transformed a formerly interesting play into a wildly overvalued trap. QuantumScape is redefining the frontier of battery technology. 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 company aims to go public with a $3.3 billion valuation and trade on the New York Stock Exchange with the ticker QE. The position swelled after Kensington Capital Partners announced plans to merge QuantumScape with a special-purpose acquisition company, or SPAC, in September. The competitive set in solid-state batteries just changed, in an important way. After a … QuantumScape is working on a … The company's stock rallied another 31% on Tuesday alone, valuing Grantham's stake at roughly $278 million. Yahoo Finance’s Ines Ferre reports on the latest news on Quantumscape, DoorDash IPO, and Stitch Fix better than expected results. With QuantumScape (QS) touching $50, we've hit full insanity again to end the last trading day of November. WESTBURY, N.Y. and SAN JOSE, Calif., Nov. 12, 2020 /PRNewswire/ -- Kensington Capital Acquisition Corp. (NYSE: KCAC) ("Kensington") and QuantumScape Corporation ("QuantumScape") today announce... QuantumScape Corporation focuses on the development and commercialization of solid-state lithium-metal batteries for use in electric vehicles. Battery producer QuantumScape is the latest firm to go public through a special-purpose acquisition company, or SPAC, merger. Stock quotes by finanzen.net, Matthew Lloyd/Getty Images for ReSource 2012. 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 … The SPAC stock immediately shot up above $18 ($18.25) and so the warrants listed on the NYSE (KCAC.WS) are now in-the-money (i.e., the stock … QuantumScape SPAC Merger QuantumScape (NYSE:QS) 9 Things to Know About EV Battery Play QS Stock QuantumScape completed its merger with Kensington Capital earlier this week. Solid-state batteries that work. QuantumScape (NYSE:QS). 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. Yet the legendary investor isn't convinced Wall Street's SPAC frenzy will last. QuantumScape, a maker of solid-state batteries for EV applications, is the latest stock in the business to close its SPAC merger. Tesla's and NIO's stock … The exact QuantumScape IPO date hasn't been set. Made In NYC | This saw shares of … Now we can calculate its … Investors are excited about alternative energy stocks -- but also nervous. (2) Warrants confer the right to purchase the stock at a certain level, which in the case of SPACs is typically $11.50 a share(3) These can include hedge funds that aren't pursuing an arbitrage strategy or who elect to continue holding the stock because they like the deal. 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. That's a huge 'if', however. 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. The reality of the company's likely timeline may be setting in. DoorDash prices IPO at $102 per share, will raise $3.4 billion, Stocks could stumble in early 2021 as investor sentiment surges past market fundamentals, Goldman Sachs says, Plus500. Microvast is still a private company until it reverse merged into Tuscan Holdings and likely trades under a new stock symbol. The company said Thursday it … Read more: 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. QuantumScape (), a battery developer for electric vehicle use, began trading on the New York Stock Exchange today following a SPAC merger.Shares of the San … The post QS Stock: 11 Things to Know as Battery Play QuantumScape Rallies ap... Investors continue to try and sort out which electric-vehicle companies will be winners. QuantumScape recently merged with a SPAC (a special purpose acquisition company) run by Kensington Capital Partners at a valuation of $3.3 billion. "Speculative stocks can … 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. Yahoo Finance’s Ines Ferre reports on the latest news on Quantumscape, DoorDash IPO, and Stitch Fix better than expected results. Velodyne's stock … Sure, rallying more than 90% from where it was pre-merger announcement, this SPAC play looks pricey at first glance. Tesla slides 6% as it enters the S&P 500 as its 5th-largest member », Meet the astronaut who may fly Tom Cruise to orbit on the first all-private space mission with SpaceX's help ». best. Technology About Press Investors Select Page Electric vehicles are here. Here are the top 28 stocks the firm says to buy now from the basket. If so, then QuantumScape stock has nothing but upside ahead. Battery producer QuantumScape is the latest firm to go public through a special-purpose acquisition company, or SPAC, merger. Kensington Capital stock has a path to explosive upside if its technology truly is a massive advancement. Editor’s note: “3 Quantum Glass Battery Stocks That Could Surge” was previously published in July 2020. Huge Upside for QuantumScape Stock If management does execute on that ambitious goal, the potential upside for QuantumScape stock is enormous. Should the rally hold into the market close, it would add another $100 million to his total gains. However, investors should know what makes SSBs distinct -- and the challenges t... A pullback to end a huge month was probably inevitable. QuantumScape and VW in 2018 formed a joint venture aimed at industrial-level production of solid-state batteries for use in VW's vehicles. Sort by. QuantumScape founder and CEO Jagdeep Singh joins "Squawk on the Street" to discuss the company's public debut. Sign up for free newsletters and get more CNBC delivered to … They also should last about 12 years in an electric veh... QS stock is climbing higher Tuesday after QuantumScape unveiled solid-state battery advancements. Enabling a mass market transformation. The company has st... Solid-state batteries (SSBs) represent the future of electric vehicles, bolstering the narrative for KCAC stock. QS stock is surging Tuesday morning after QuantumScape shared impressive results on its solid-state battery technology. Introducing QuantumScape. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. 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. Grantham's profit stands to climb even higher. All rights reserved. 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. Returns as of 12/19/2020. report. 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