QuantumScape will reach stock exchanges through a reverse merger just like Nikola and Fisker, which makes the SPAC method reach battery companies. 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 … The company's stock rallied another 31% on Tuesday alone, valuing Grantham's stake at roughly $278 million. In this video I talk about QuantumScape Stock. After a … 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. Listen in to hear how you can profit in 2021 and beyond. QuantumScape is backed by Bill Gates’ Breakthrough Energy Ventures. 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 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 Rohail Saleem Nov 25, 2020 12:48 EST Bill Gates-backed electric car battery startup is on the cusp of Microvast is still a private company until it reverse merged into Tuscan Holdings and likely trades under a new stock symbol. Jagdeep Singh, QuantumScape Founder & CEO, joined Yahoo Finance to discuss going public through a SPAC deal and the future of electric vehicles. The company expects to close the deal by the end of the year. Valuing QuantumScape Stock With that Dec. 11 $28.7 billion market cap, QuantumScape stock has a pro forma EV of $27.56 billion. This saw shares of … Here's what you need to know. Tesla's and NIO's stock … Battery producer QuantumScape is the latest firm to go public through a special-purpose acquisition company, or SPAC, merger. His target for the stock price is $50. Log in or sign up to leave a comment Log In Sign Up. Business Insider Bill Gates-sponsored battery producer QuantumScape to join 'blank-check' IPO frenzy 100% Upvoted. This company may become to EVs what picks and shovels were to gold prospectors. 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. 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 … Should the rally hold into the market close, it would add another $100 million to his total gains. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Quantumscape Solid-State Showcase. Energy. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. QuantumScape recently merged with a SPAC (a special purpose acquisition company) run by Kensington Capital Partners at a valuation of $3.3 billion. The stock is already up more than 50%. More than $74 billion has been raised across 218 SPAC debuts in 2020, according to data from SPACInsider.com. QuantumScape, which went public in November thr... QuantumScape, one of the newest entrants to the red-hot electric-vehicle industry, could have one big leg up on Tesla. 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. Tesla's meteoric rise through the year has made electric-vehicle SPACs - and any SPAC related to the EV market - particularly popular. 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. "Speculative stocks can … When is QuantumScape stock's IPO date? The newly minted hedge fund manager breaks down how he spotted early opportunities in Tesla, Facebook, and the COVID-19 market crash - and shared one IPO on his radar. Bill Gates-sponsored battery producer QuantumScape to join 'blank-check' IPO frenzy. QuantumScape (NYSE: QS) has seen a huge run-up since the shares began trading on Nov. 27 following a SPAC merger. Huge Upside for QuantumScape Stock If management does execute on that ambitious goal, the potential upside for QuantumScape stock is enormous. All rights reserved. The newly minted hedge fund manager breaks down how he spotted early opportunities in Tesla, Facebook, and the COVID-19 market crash - and shared one IPO on his radar. It has since been updated to include the most relevant information available. If so, then QuantumScape stock has nothing but upside ahead. 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. EV Battery Supplier QuantumScape, Backed by Bill Gates, to Go Public in SPAC Deal The merger with Kensington Capital Acquisition values QuantumScape at $3.3 billion. 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. Yahoo Finance’s Ines Ferre reports on the latest news on Quantumscape, DoorDash IPO, and Stitch Fix better than expected results. best. #QuantumScape ##QuantumScapestock #... Quantumscape stock is a speculative stock at best, with its lofty valuation and with meaningful revenues for the company still way-off. Stock quotes by finanzen.net, Matthew Lloyd/Getty Images for ReSource 2012. Wall Street's obsession with the vehicles could be a sign of unsustainable market optimism, Grantham told the FT, rivaling the overwhelming bullishness seen during the 1920s and the late-1990s tech bubble. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). However, investors should know what makes SSBs distinct -- and the challenges t... A pullback to end a huge month was probably inevitable. QuantumScape is redefining the frontier of battery technology. Lithium metal battery maker QuantumScape Corp QS 3.37% has gained nearly 220% since going public via an SPAC merger on Nov. 27. 0 comments. QuantumScape will reach stock exchanges through a reverse merger just like Nikola and Fisker, which makes the SPAC method reach battery companies. After shares of QuantumScape, Luminar, Arrival and Canoo made big gains in a short timeframe, CNBC's Jim Cramer is recommending investors trim their holdings. Lithium metal battery maker QuantumScape Corp (NYSE: QS) has gained nearly 220% since going public via an SPAC merger on Nov. 27. SPACs Are in a Bubble, but These 3 Stocks Will Make It … 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. Is Tuscan Holdings (NASDAQ: THCB) Stock a Viable QuantumScape (NASDAQ: QS) Sympathy EV Battery SPAC Play? The position swelled after Kensington Capital Partners announced plans to merge QuantumScape with a special-purpose acquisition company, or SPAC, in September. Emmet Peppers grew his accounts from $30,000 in 2010 to over $70 million this year. The electric vehicle market has a need for efficient batteries, and you can invest in this high-growth market via a position in KCAC stock. Jagdeep Singh, QuantumScape Founder & CEO, joined Yahoo Finance to discuss going public through a SPAC deal and the future of electric vehicles. Yahoo Finance’s Ines Ferre reports on the latest news on Quantumscape, DoorDash IPO, and Stitch Fix better than expected results. Cramer also recommended Canoo Holdings Ltd, ... Price Action: On Thursday, QuantumScape shares closed 1.96% higher at … That compares to just $13.6 billion raised across 59 deals in 2019. The post QS Stock: Why QuantumScape Shares Are Surging Today appeared fi... SAN JOSE, Calif.--(BUSINESS WIRE)--QuantumScape Corporation (NYSE: QS, or "QuantumScape"), a leader in the development of next generation solid-state lithium-metal batteries for use in electri... Investors keeping tabs on SPAC merger news have had a lot to absorb this week as more companies choose it as a way to go public. share. QuantumScape says its electric vehicle batteries should allow drivers to charge their cars to 80% of their full capacity within fifteen minutes. 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 … 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. Editor’s note: “3 Quantum Glass Battery Stocks That Could Surge” was previously published in July 2020. A SPAC is a shell company that raises money through an initial public offering to buy a private operating company and take it public in a reverse … Commerce Policy | While renewable energy stocks are in vogue, successful investors need to understand these trends. Battery producer QuantumScape is the latest firm to go public through a special-purpose acquisition company, or SPAC, merger. 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 ». Author: Now we can calculate its … What do you think of QS Stock? Solid-state lithium battery maker QuantumScape is becoming a publicly traded entity through a merger with special purpose acquisition company, or … QuantumScape founder and CEO Jagdeep Singh joins "Squawk on the Street" to discuss the company's public debut. 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. The company joins the electric vehicle investor space with a promise of a battery technology that may pr... 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