NEW YORK, April 14, 2021 /PRNewswire/ -- Kensington Capital
Acquisition Corp. II (NYSE: KCAC.U) (the "Company") announced that,
commencing April 19, 2021, holders of
the units sold in the Company's initial public offering of
23,000,000 units, completed on March 2,
2021, may elect to separately trade the shares of Class A
common stock and redeemable warrants included in the units.
Those units not separated will continue to trade on the New York
Stock Exchange (the "NYSE") under the symbol "KCAC.U," and the
shares of Class A common stock and redeemable warrants that are
separated will trade on the NYSE under the symbols "KCAC" and "KCAC
WS," respectively. No fractional warrants will be issued upon
separation of the units and only whole warrants will trade.
Holders of units will need to have their brokers contact
Continental Stock Transfer & Trust Company, the Company's
transfer agent, in order to separate the units into shares of Class
A common stock and warrants.
The units were initially offered by the Company in an
underwritten offering. UBS Securities LLC and Stifel,
Nicolaus & Company, Incorporated acted as joint book running
managers for the offering and Robert W. Baird & Co.
Incorporated acted as lead manager. A registration statement
relating to the units and the underlying securities became
effective on February 25, 2021.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities of the Company, nor
shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. The
offering was made only by means of a prospectus, copies of which
may be obtained by contacting UBS Securities LLC, Attn: Prospectus
Department, 1285 Avenue of the Americas, New York, NY 10019, telephone: (888) 827-7275
or email: ol-prospectusrequest@ubs.com; and Stifel, Nicolaus &
Company, Incorporated, Attn: Syndicate Department, One South Street, 15th Floor, Baltimore, MD 21202, or by email:
SyndProspectus@Stifel.com or by telephone: (855) 300-7136.
About Kensington Capital Acquisition Corp. II
The Company is a newly organized blank check company
incorporated in Delaware for the
purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses.
For more information, please contact
Dan Huber
Chief Financial Officer
dan@kensington-cap.com
(703) 674-6514
Forward-Looking Statements
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, as they relate to us or our management team, identify
forward-looking statements. Such forward-looking statements
are based on the beliefs of management, as well as assumptions made
by, and information currently available to, the Company's
management. Actual results could differ materially from those
contemplated by the forward-looking statements as a result of
certain factors detailed in the Company's filings with the
Securities and Exchange Commission (the "SEC"). All
subsequent written or oral forward-looking statements attributable
to us or 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 forth 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 undertakes no obligation to update
these statements for revisions or changes after the date of this
release, except as required by law.
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SOURCE Kensington Capital Acquisition Corp. II
