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 … © 2020 Insider Inc. and finanzen.net GmbH (Imprint). Emmet Peppers grew his accounts from $30,000 in 2010 to over $70 million this year. 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-backed electric car battery startup is on the cusp of QuantumScape is going public using the SPAC route. Listen in to hear how you can profit in 2021 and beyond. Want to identify the next big trends in electric car stocks like RIDE stock or Kensington Capital stock? "Speculative stocks can … 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. Kensington Capital Acquisition stock soared 86.1% to $18.61. EUR/USD has recovered from a daily low of 1.2129 as fears eases. 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 plans to sell its batteries in 100 KWh packs, for about $7,000 per pack, and at about 30% gross margins. Returns as of 12/19/2020. However, I now believe that QuantumScape stock is close to being 100% Upvoted. The company expects to close the deal by the end of the year. (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. SPAC firms raise capital through an initial public offering with the intention of using the cash to acquire a firm and take the merged entity public. QuantumScape will reach stock exchanges through a reverse merger just like Nikola and Fisker, which makes the SPAC method reach battery companies. The company said Thursday it … QuantumScape (QS), a battery startup backed by Volkswagen and Tesla cofounder JB Straubel, went public with a bang today. Should the rally hold into the market close, it would add another $100 million to his total gains. 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. save. 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. This article came out just now, with a more generous price target $40. The post Investors Shouldn't Buy Into the Quantumscape H... QuantumScape stock is no longer undervalued given its huge run-up. 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. 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. This is especially true in the electric vehicle (EV) space. While not an exact measure of proportional SPAC ownership, it's a decent approximation. That's a huge 'if', however. S3 Partners analyst Ihor Dusaniwsky just released... QuantumScape CEO Jagdeep Singh discussed the company's efforts to develop a solid-state battery for electric vehicles and its work with German automaker Volkswagen. QS stock is surging Tuesday morning after QuantumScape shared impressive results on its solid-state battery technology. A SPAC is a shell company that raises money through an IPO to buy a private operating company, typically within two years. However, investors should know what makes SSBs distinct -- and the challenges t... A pullback to end a huge month was probably inevitable. 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. QuantumScape's lithium-metal battery uses a solid ceramic electrolyte which Singh said is safer than a conventional liquid electrolyte. 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 … 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. More than $74 billion has been raised across 218 SPAC debuts in 2020, according to data from SPACInsider.com. 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. What are solid-state lithium-metal batteries? 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. QuantumScape, a maker of solid-state batteries for EV applications, is the latest stock in the business to close its SPAC merger. Battery producer QuantumScape is the latest firm to go public through a special-purpose acquisition company, or SPAC, merger. The stock is already up more than 50%. no comments yet. The Bill Gates and Volkswagen-backed company said Tuesday that its solid-... Yahoo Finance's Ines Ferre reports on the latest news on Quantumscape, DoorDash IPO, and Stitch Fix better than expected results. While renewable energy stocks are in vogue, successful investors need to understand these trends. Investors are excited about alternative energy stocks -- but also nervous. The SPAC has a deal in place to merge with QuantumScape, a pre-revenue start-up developing a better battery for electric vehicles. QuantumScape is working on a … QuantumScape (NYSE: QS) has seen a huge run-up since the shares began trading on Nov. 27 following a SPAC merger. In this video I talk about QuantumScape Stock. Are solid-state lithium batteries the next frontier market for electric cars? 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. QuantumScape (NYSE:QS). Author: QuantumScape shares would trade under the ticker symbol "QS" on the NYSE. Energy. 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. Stock quotes by finanzen.net, Matthew Lloyd/Getty Images for ReSource 2012. Huge Upside for QuantumScape Stock If management does execute on that ambitious goal, the potential upside for QuantumScape stock is enormous. Enabling a mass market transformation. After a … 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. And solid state batteries look to be the big winner in this space. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Technology About Press Investors Select Page Electric vehicles are here. It has since been updated to include the most relevant information available. The last two years have seen market favorites including Virgin Galactic, DraftKings, and Nikola go public through such deals. US lawmakers reached a $900 billion stimulus deal, marginally improving the market mood. Cramer had recommended the SPAC stock last week at $17.50. QuantumScape is hardly the only SPAC that has added commas to certain investors' brokerage balances: ... Stock Advisor launched in February of 2002. Shares of Kensington Capital Acquisition Corp (NYSE: KCAC) are trading higher by over 30% Friday. The post 3 Quantum Glass Stocks for the Future of Batteries appeared... Kensington Capital may offer a breakthrough in the quest for a better EV battery. The SPAC is near completion of its deal to merge with a next-generation battery maker. QuantumScape SPAC Merger. The company's solid-state lithium-ion batteries will allow drivers to charge their vehicles to about 80% of full capacity in 15 minutes. Solid-state batteries that work. Sign up for free newsletters and get more CNBC delivered to … "It gets around the idea of listing requirements, so it is not a useful tool for a lot of successful companies. With QuantumScape (QS) touching $50, we've hit full insanity again to end the last trading day of November. Click Here for the Live Stream. However, QuantumScape plans to become a publicly-traded company in … If so, then QuantumScape stock has nothing but upside ahead. QuantumScape, an electric vehicle battery maker backed by Bill Gates and Volkswagen, becomes the latest startup to go public through a SPAC. QuantumScape lands in that basket. QuantumScape, a developer of what are known as solid-state batteries, has entered into a definitive agreement to merge with blank check company … The reality of the company's likely timeline may be setting in. They also should last about 12 years in an electric veh... QS stock is climbing higher Tuesday after QuantumScape unveiled solid-state battery advancements. Sort by. Disclaimer | QuantumScape Stock Is No Longer Undervalued Given Its Huge Run-Up. The future is solid. The exact QuantumScape IPO date hasn't been set. 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 recently merged with a SPAC (a special purpose acquisition company) run by Kensington Capital Partners at a valuation of $3.3 billion. QuantumScape Corp. (NYSE: QS) has released performance data regarding its next-generation solid-state lithium-metal batteries for use in electric vehicles (EVs). Dollar giving up early gains. Having difficulty picking winning EV stocks? When is QuantumScape stock's IPO date? 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. Editor’s note: “3 Quantum Glass Battery Stocks That Could Surge” was previously published in July 2020. 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. Commerce Policy | There has been a lot of investor interest in electric vehicle plays this year. Business Insider. Find the latest QuantumScape Corporation (QS) stock quote, history, news and other vital information to help you with your stock trading and investing. Significantly increases volumetric and gravimetric energy density by eliminating graphite/silicon anode host material. 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. hide. 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 … But I think it is a reprehensible instrument, and very very speculative by definition," he added. Grantham, who founded investment management firm GMO and serves as its long-term investment strategist, invested $12.5 million in battery producer QuantumScape seven years ago as one of several stakes in early green-tech companies, according to the Financial Times. 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, 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. Is Tuscan Holdings (NASDAQ: THCB) Stock a Viable QuantumScape (NASDAQ: QS) Sympathy EV Battery SPAC Play? Bill Gates-sponsored battery producer QuantumScape to join 'blank-check' IPO frenzy. This company may become to EVs what picks and shovels were to gold prospectors. Yet, when you dive into its merger partner, it’s clear there Yahoo Finance's Myles Udland, Julie Hyman, and Brian Sozzi speak with QuantumScape CEO Jagdeep Singh about the company's next generation battery technology. share. Without better battery technology, it will be difficult -- if not impossible -- for EVs to replace gas-powered vehicles. QuantumScape is backed by Bill Gates’ Breakthrough Energy Ventures. 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. Tesla's meteoric rise through the year has made electric-vehicle SPACs - and any SPAC related to the EV market - particularly popular. 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. report. Solid-state lithium battery maker QuantumScape is becoming a publicly traded entity through a merger with special purpose acquisition company, or … The SPAC was founded in 1999 by Justin Mirro, a former engineer for General Motors and Toyota. QuantumScape, a battery developer for electric vehicle use, began trading on the New York Stock Exchange today following a SPAC merger. 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 #StichFix #DoorDash For 2020 elec VW has committed more … Log in or sign up to leave a comment Log In Sign Up. The company has st... Solid-state batteries (SSBs) represent the future of electric vehicles, bolstering the narrative for KCAC stock. The firm produces solid-state batteries used in electric cars and has backing from industry giant Volkswagen. QuantumScape founder and CEO Jagdeep Singh joins "Squawk on the Street" to discuss the company's public debut. Here's what you need to know. Battery producer QuantumScape is the latest firm to go public through a special-purpose acquisition company, or SPAC, merger. Join us on Tuesday, December 8th at 8am PST. 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 … Read more: Emmet Peppers grew his accounts from $30,000 in 2010 to over $70 million this year. SPACs Are in a Bubble, but These 3 Stocks Will Make It … It’s important to keep in mind that QuantumScape has already reverse-merged into former SPAC Kensington Capital and changed its symbol to QS. 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. 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 position swelled after Kensington Capital Partners announced plans to merge QuantumScape with a special-purpose acquisition company, or SPAC, in September. A massive surge in QuantumScape stock has transformed a formerly interesting play into a wildly overvalued trap. Kensington Capital stock has a path to explosive upside if its technology truly is a massive advancement. Even the SPAC "survivors" could shed 70-90% of their current valuations (measured as of late November 2020), therefore sharing the same fate as … Fast Charge . 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. QuantumScape wants to disrupt the automotive industry—and the EV space—by offering a better mousetrap. QuantumScape (NYSE: QS) has announced that its special purpose acquisition company (SPAC) merger with Kensington Capital Acquisition is complete. 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 … QuantumScape says its electric vehicle batteries should allow drivers to charge their cars to 80% of their full capacity within fifteen minutes. QuantumScape will reach stock exchanges through a reverse merger just like Nikola and Fisker, which makes the SPAC method reach battery companies. Quantumscape Solid-State Showcase. 0 comments. Lithium metal battery maker QuantumScape Corp QS 3.37% has gained nearly 220% since going public via an SPAC merger on Nov. 27. Microvast is still a private company until it reverse merged into Tuscan Holdings and likely trades under a new stock symbol. The very kind of dealmaking that Jeremy Grantham previously deemed "reprehensible" netted the famous investor a $265 million profit. Keefe, Bruyette & Woods Downgrades Rocket Companies (NYSE:RKT) to Underperform Intel (NASDAQ:INTC) Downgraded to "Sell" at Bank of America 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 Tesla's and NIO's stock … 9 Things to Know About EV Battery Play QS Stock QuantumScape completed its merger with … best. These quantum glass stocks are a great way to gain greater exposure to an EV segment that has so far flown under the radar. The post Revolutionize Your EV-Niche Portfolio with ... As the merger with QuantumScape comes to fruition, KCAC stock is fired up once again. Made In NYC | Automakers are lobbying for measures that would lead to more electric vehicles in the U.S. One of the most powerful tradable market events is a short squeeze, so traders are always on the lookout for the next short squeeze candidate. Business Insider Bill Gates-sponsored battery producer QuantumScape to join 'blank-check' IPO frenzy All rights reserved. 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. 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. QS stock is worth just $40.15, or 33% below current levels. Here are five key tips. Sure, rallying more than 90% from where it was pre-merger announcement, this SPAC play looks pricey at first glance. 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. The competitive set in solid-state batteries just changed, in an important way. QuantumScape is redefining the frontier of battery technology. What do you think of QS Stock? 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. 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 … Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. 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. 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. QuantumScape founder and CEO Jagdeep Singh joins "Squawk on the Street" to discuss the company's public debut. Lithium metal battery maker QuantumScape Corp (NYSE: QS) has gained nearly 220% since going public via an SPAC merger on Nov. 27. Cramer also recommended Canoo Holdings Ltd, ... Price Action: On Thursday, QuantumScape shares closed 1.96% higher at … Valuing QuantumScape Stock With that Dec. 11 $28.7 billion market cap, QuantumScape stock has a pro forma EV of $27.56 billion. Tesla stock rose as … #Quantumscape #StichFix #DoorDash For 2020 elec This saw shares of … Grantham's profit stands to climb even higher. #QuantumScape ##QuantumScapestock #... Quantumscape stock is a speculative stock at best, with its lofty valuation and with meaningful revenues for the company still way-off. Lithium metal battery maker QuantumScape Corp (NYSE: QS) has gained nearly 220% since going public via an SPAC merger on Nov. 27. Here are more details. Yet the legendary investor isn't convinced Wall Street's SPAC frenzy will last. 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. Here are the top 28 stocks the firm says to buy now from the basket. Velodyne's stock … That compares to just $13.6 billion raised across 59 deals in 2019. 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. 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 company was founded in 2010 and is headquartered in San Jose, California. 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. Introducing QuantumScape. His target for the stock price is $50. Shares of QuantumScape Corp. rallied nearly 20% Wednesday, extending their winning streak to a sixth session and nearly doubling in the interim. 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