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Kensington Capital Acquisition Corp V (N:KCGI)

Business Focus: Shell Companies

Sector:  Financials Industry:  Holding Companies
 
Company Contact
Address: 1400 Old Country Road,, Suite 301
WESTBURY NY 11590
Tel: N/A
Website: https://www.autospac.com/home/default.aspx
IR: See website
Key People
Justin E. Mirro
Chairman of the Board, Chief Executive Officer
John A. Arney
President, Vice Chairman of the Board
Daniel Huber
Chief Financial Officer
Peter A. Goode
Chief Technology Officer
Julian Ameler
Head - Business Development
 
Business Overview
Kensington Capital Acquisition Corp. V is a blank check company. The Company is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The Company has not selected any business combination target and has not, nor has anyone on its behalf, began any substantive discussions, directly or indirectly, with any business combination target. The Company intends to focus its search on business operating in the North American and European industrials sector. The Company has not commenced any operations nor generated any revenue.
Financial Overview
For the three months ended 31 March 2024, Kensington Capital Acquisition Corp V revenues was not reported. Net income totaled $2.2M vs. loss of $1.5M. Net income reflects Change in fair value of derivative warra increase from $3.2M (expense) to $1.6M (income), Selling/General/Admin Expense decrease of 78% to $226K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.04 to $0.19.