QuantumScape Raises $300M Via Equity Offering

QuantumScape Corporation QS has unveiled the pricing of its underwritten public offering of 37.5 million shares of its Class A common stock for gross proceeds of $300 million.

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.

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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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QSQuantumScape Corp
$4.50-2.60%

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