WESTBURY, New York, October 1, 2021 / PRNewswire / – Kensington Capital Acquisition Corp. V (NYSE: KCGI.U) (the “Company”) announced that as of October 4, 2021, holders of units sold as part of the Company’s initial public offering of 27,600,000 units, concluded on August 17, 2021, may elect to trade separately the Class A common shares and the redeemable warrants included in the units. These non-segregated units will continue to trade on the New York Stock Exchange (the “NYSE”) under the symbol “KCGI.U” and the Class A common shares and redeemable warrants which are segregated will trade on the NYSE. under the symbols “” KCGI “and” KCGI.WS “, respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will be traded. Unitholders should ask their brokers to contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into Class A ordinary shares and warrants.
The units were initially offered by the Company under a bought deal offer. UBS Securities LLC and Stifel, Nicolaus & Company, Incorporated acted as joint book managers for the offering, Robert W. Baird & Co. Incorporated acted as lead manager and Drexel hamilton, LLC and EarlyBirdCapital, Inc. acted as co-managers. The registration statement relating to the units and the underlying securities entered into force on August 12, 2021.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of any such state or jurisdiction. The offer has been made only by means of a prospectus, copies of which can be obtained by contacting UBS Securities LLC, Attn: Prospectus Department, 1285 Avenue of the Americas, New York, New York State 10019, phone: (888) 827-7275 or email: [email protected]; and Stifel, Nicolaus & Company, Incorporated, Attn: Syndicate Department, A street in the south, 15th floor, Baltimore, Maryland 21202, or by email: [email protected] or by phone: (855) 300-7136.
About Kensington Capital Acquisition Corp. V
The Company is a newly incorporated blank check company Cayman Islands exempt company for the purpose of carrying out a merger, an exchange of shares, an acquisition of assets, a purchase of shares, a reorganization or a similar business combination with one or more companies.
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This press release may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, in relation to us or our management team, identify forward-looking statements. These forward-looking statements are based on the beliefs of management, as well as on the assumptions made by the management of the Company and on the information currently available to the latter. Actual results could differ materially from those contemplated by forward-looking statements due to certain factors detailed in documents filed by the Company with the Securities and Exchange Commission (the “SEC”). All subsequent written or oral forward-looking statements attributable to us or to persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set out in the Risk Factors section of the Company’s registration statements and prospectus relating to the Company’s initial public offering. filed with the SEC. The Company assumes no obligation to update these statements for revisions or changes after the date of this posting, except as required by law.
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