Every 8-K that KCAC (KCAC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow KCAC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KCAC filings page.
Kensington Capital Acquisition Corp. VI reported that it and Nth Cycle, Inc. have confidentially submitted a draft registration statement on Form S-4 to the SEC in connection with their previously announced business combination. Subject to SEC review and customary closing conditions, including shareholder approvals, the combined company will be named Nth Cycle Holdings, Inc. and its common stock is expected to be listed on the NYSE under the ticker NTH.
The accompanying press release states that the transaction implies a pro forma enterprise value for Nth Cycle of approximately $585 million. Potential proceeds to the combined company include up to $230 million held in Kensington’s trust account, subject to redemptions, and a common stock PIPE of up to $100 million, of which $40 million has been committed by new and existing investors.
Nth Cycle is described as a pure-play critical minerals refiner using a modular OYSTER system and proprietary electroextraction platform to onshore refining of rare earths, copper and battery materials. Its technology is designed to reduce capital intensity by upwards of 70%, enable facilities 5 to 10 times smaller than traditional refineries and allow installation and permitting within as little as 24 months.
Kensington Capital Acquisition Corp. VI agreed to combine with critical-mineral refiner Nth Cycle, Inc. in a SPAC merger that will create Nth Cycle Holdings, Inc., whose common stock is expected to trade on the NYSE under the symbol NTH. The transaction values Nth Cycle at an implied enterprise value of $585 million and is targeted to close in the fourth quarter of 2026, subject to shareholder approvals and customary conditions.
Before closing, Kensington will domesticate from the Cayman Islands to Delaware, with its Class A ordinary shares becoming New Nth Cycle common stock and its warrants and units adjusting accordingly. Each Nth Cycle share will convert into New Nth Cycle common stock based on an Exchange Ratio derived from 50,700,200 shares divided by Nth Cycle’s fully diluted capitalization. Nth Cycle equity holders may also earn up to 20,000,000 additional shares over seven years, split between a $15.00 share-price hurdle and mechanical completion of a first U.S. black mass refinery with at least 6,000 tonnage per year capacity.
Closing conditions include effectiveness of a registration statement, NYSE listing approval and a minimum of $75 million of cash from Kensington’s trust and PIPE financing. A PIPE of up to $100 million is being raised at $10.00 per share, with 4,000,000 shares and $40,000,000 already committed. Sponsor and key Nth Cycle holders entered voting, lock-up and support agreements, and Kensington agreed to adopt an equity plan initially reserving 10% of fully diluted shares, with up to 5% annual increases.
Kensington Capital Acquisition Corp. VI is allowing investors to trade the components of its SPAC units separately. Starting April 24, 2026, holders of units from its 23,000,000-unit IPO may elect to trade the Class 1 redeemable warrants on their own.
Each original unit consists of one Class A ordinary share, one-quarter of one Class 1 warrant, and three-quarters of one Class 2 warrant. After separation, the Class 1 warrants will trade on the NYSE under KCAC.W, the new units (one Class A share and three-quarters of one Class 2 warrant) under KCA.U, and any units not separated will continue as KCAC.U.
Kensington Capital Acquisition Corp. VI closed its SPAC IPO, selling 23,000,000 units at $10.00 each, with the underwriters’ over-allotment fully exercised, and placing $230,000,000 of proceeds into a trust account for future acquisitions.
The SPAC now has 24 months from the March 5, 2026 closing to complete an initial business combination, with public shareholders entitled to redeem their Class A shares for approximately $10.00 per share plus eligible interest. An audited balance sheet shows total assets of $232,353,660, including $230,000,000 of cash held in the trust.
Kensington Capital Acquisition Corp. VI completed its initial public offering of 23,000,000 units at $10.00 per unit, raising $230,000,000 in gross proceeds. Each unit includes one Class A ordinary share, one-quarter of one Class 1 redeemable warrant and three-quarters of one Class 2 redeemable warrant, each whole warrant exercisable at $11.50 per share.
The company also sold 14,600,000 Private Placement Warrants for $7,300,000 to its sponsor and underwriters. A total of $230,000,000, including $9,200,000 of deferred underwriting discount, was placed in a U.S. trust account to fund a future business combination within 24 months or redeem public shares.
The company appointed a full slate of independent directors, formed audit, compensation, and nominating committees, and adopted amended and restated constitutional documents as it begins searching for a target in automotive, defense, energy and artificial intelligence sectors.