What's Going On With QuantumScape (QS) Stock

QuantumScape Corp QS shares are trading lower by 2.0% to $7.64 Thursday morning on continued downward momentum after the company last week announced pricing of a $300 million public offering of Class A common stock.

The underwriters have a 30-day option to purchase up to an additional 5.6 million shares at the offering price. The public offering closed on Tuesday, August 8.

Joint lead book-running managers for the offering were Evercore ISI and Morgan Stanley, with Goldman Sachs & Co. LLC and UBS Investment Bank acting as additional book-running managers.

According to data from Benzinga Pro, QuantumScape has a 52-week high of $13.86 and a 52-week low of $5.11.