---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-054183"
form_type: "8-K"
ticker: "QS"
cik: "0001811414"
company_name: "QuantumScape Corp"
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:33:33.400239+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# QuantumScape launches $400M at-the-market equity offering program

## Summary
- Entered Distribution Agreements with J.P. Morgan, Cowen, Deutsche Bank, and UBS for ATM offering.
- May sell up to $400M of Class A common stock over three years; no obligation to sell.
- Proceeds intended for working capital and general corporate purposes.
- Sales agents receive up to 3% commission on shares sold.
- Board-appointed placement committee sets sale parameters including price and volume.

## SEC filing metadata
- accession: 0001193125-23-054183
- form_type: 8-K
- ticker: QS
- cik: 0001811414
- company_name: QuantumScape Corp
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811414/000119312523054183/0001193125-23-054183-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811414/000119312523054183/d433476d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-054183
- JSON: https://secwatch.observer/filing/0001193125-23-054183.json
- Plain text: https://secwatch.observer/filing/0001193125-23-054183.txt

## Key facts
- Material Agreements
  QuantumScape Corp entered into Distribution Agreements with J.P. Morgan Securities LLC, Cowen and Company, LLC, Deutsche Bank Securities Inc. and UBS Securities LLC valued at up to $400,000,000 (effective 2023-02-28).
  - Action: entry
  - Agreement: atm program
  - Counterparty: J.P. Morgan Securities LLC, Cowen and Company, LLC, Deutsche Bank Securities Inc. and UBS Securities LLC
  - Value: up to $400,000,000
  - Effective: 2023-02-28
  source text: On February 28, 2023, in connection with the launch of an “at the market” offering program, QuantumScape Corporation (the “Company”) entered into separate Distribution Agreements (each a “Distribution Agreement” and together the “Distribution Agreements”) with J.P. Morgan Securities LLC, Cowen and Company, LLC, Deutsche Bank Securities Inc. and UBS Securities LLC (each a “Sales Agent” and together the “Sales Agents”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811414/000119312523054183/0001193125-23-054183-index.htm

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