QuantumScape Raises $300M Via Equity Offering

QuantumScape has granted the underwriters a 30-day option to purchase up to an additional 5.62 million shares at the public offering price, less the underwriting discount.

The public offering is expected to close on August 8, 2023, subject to customary closing conditions.

Price Action: QS shares are trading lower by 9.19% at $8.00 in premarket on the last check Friday.

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