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 2023, Kensington Capital Acquisition Corp V revenues was not reported. Net loss totaled $1.5M vs. income of $12.4M. Net loss reflects Change in fair value of derivative warra decrease from $12.6M (income) to $3.2M (expense), Selling/General/Admin Expense increase from $382K to $1M (expense), Fair Value Adjustments on Other Assets decrease from $50K (income) to $0K. |
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