Quarterly ResultMay 14, 2026, 04:40 PM
KCAC-UN Completes $230M IPO; Reports Q1 Net Loss $(759,059)
AI Summary
Kensington Capital Acquisition Corp. VI (KCAC-UN) successfully completed its Initial Public Offering on March 5, 2026, raising gross proceeds of $230 million from the sale of 23 million units. A substantial portion of these proceeds, $230,000,000, was subsequently placed into a Trust Account for future business combinations. For the three months ended March 31, 2026, the blank check company reported a net loss of $(759,059), which is typical for a SPAC in its pre-combination phase.
Key Highlights
- Initial Public Offering generated gross proceeds of $230,000,000.
- 23,000,000 units were sold in the Initial Public Offering.
- Cash and marketable securities in Trust Account totaled $230,489,033.
- Net loss for the three months ended March 31, 2026, was $(759,059).
- Basic and diluted net loss per Class A ordinary share was $(0.05).
- Total Assets as of March 31, 2026, were $232,737,795.
- Total Liabilities as of March 31, 2026, were $16,705,703.
- Cash balance as of March 31, 2026, was $2,055,621.