secwatch.observer — SEC 8-K summary
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Issuer:     Kensington Capital Acquisition Corp. V (—)
CIK:        0001865407
Form:       8-K
Filed at:   2023-08-15T23:59:59+00:00
Accession:  0001193125-23-213552
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 5.07, 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kensington Capital V SPAC extends deadline to Aug 2024; $245.5M redeemed by shareholders
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- Shareholders approved extending business combination deadline from Aug 17, 2023 to Aug 17, 2024.
- Holders of 23,057,267 Class A shares redeemed at ~$10.64/share for aggregate $245.5 million.
- Redemptions represent ~83.5% of Class A shares; only ~4.5M Class A shares remain outstanding.
- Extension and trust amendments passed with 24.3M votes for, 3.4M against (no broker non-votes).
- Adjournment proposal was not presented as both required proposals were approved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865407/000119312523213552/0001193125-23-213552-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865407/000119312523213552/d352702d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-213552

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