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Kensington Capital Acquisition Corp. IV (NYSE: KCAC.U) and Amprius Technologies, Inc. announced the finalized exchange ratio of approximately 1.45590 shares for their impending business combination, as per their agreement dated May 11, 2022. Upon closing, each Amprius share will convert to this ratio in Kensington stock, impacting both common shares and options. This exchange ratio is lower than previously projected in the September 1, 2022 proxy statement. Amprius, a leader in high-energy lithium-ion batteries, is headquartered in Fremont, California.
Amprius Technologies, Inc., a leader in lithium-ion batteries, will host a Virtual Investor Day on August 16, 2022, at 1:00 PM EDT. The event will provide insights into Amprius' innovative silicon anode lithium-ion battery cells, followed by a live Q&A session with the executive team. Registration is required and materials will be available post-event on Amprius' Investor Relations website. This follows Amprius' announcement in May 2022 regarding its planned business combination with Kensington Capital Acquisition Corp. IV (NYSE: KCAC.U), expected to finalize in late 2022.
Amprius Technologies, a leader in lithium-ion battery technology, announced its third-quarter 2022 investor conference schedule, where they will present virtually at multiple conferences including the Oppenheimer Technology, Internet & Communications Conference on August 10, Baird Newly Public Company Virtual Access Day on August 17, and the Cowen Annual Global Transportation & Sustainable Mobility Conference on September 9. The company is merging with Kensington Capital Acquisition Corp. IV (NYSE: KCAC.U), aimed at enhancing its manufacturing capabilities. This merger is expected to conclude in the latter half of 2022.
Kensington Capital Acquisition Corp. IV (NYSE: KCAC.U) announced that starting April 22, 2022, holders of its initial public offering units can separately trade Class 1 redeemable warrants. The offering involved 23 million units sold on March 4, 2022, which will continue trading under the symbol KCAC.U. New units consisting of one Class A ordinary share and one Class 2 redeemable warrant will trade under KCA.U and KCAC.W respectively. Investors must contact Continental Stock Transfer & Trust to separate the units.
