---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-082847"
form_type: "8-K"
ticker: "QS"
cik: "0001811414"
company_name: "QuantumScape Corp"
filed_at: "2024-07-11T23:59:59+00:00"
generated_at: "2026-05-31T21:54:06.873526+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# QuantumScape signs collaboration with PowerCo for solid-state battery industrialization; $130M prepayment

## Summary
- QS and PowerCo (Volkswagen subsidiary) entered a Collaboration Agreement to industrialize QSE-5 solid-state battery technology.
- PowerCo will pre-pay $130M initial royalty fee under the IP License Agreement, subject to clawback if terminated early.
- Prior JV with Volkswagen terminated; $134M of previously reserved funds released and lock-up agreements on QS shares lifted.
- Frank Blome (PowerCo CEO) resigned from QS board; successor to be appointed in coming months; VW retains two board seats.
- License covers up to 40 GWh annual capacity expandable by 40 GWh; joint scale-up team to enable technology transfer.

## SEC filing metadata
- accession: 0000950170-24-082847
- form_type: 8-K
- ticker: QS
- cik: 0001811414
- company_name: QuantumScape Corp
- filed_at: 2024-07-11T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 1.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811414/000095017024082847/0000950170-24-082847-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811414/000095017024082847/qs-20240705.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-082847
- JSON: https://secwatch.observer/filing/0000950170-24-082847.json
- Plain text: https://secwatch.observer/filing/0000950170-24-082847.txt

## Key facts
- Executive change
  Frank Blome resigned as Director at QuantumScape Corp.
  - Action: resigned
  - Role: Director
  source text: Mr. Blome resigned from the Board on July 5, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811414/000095017024082847/0000950170-24-082847-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.