---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-223882"
form_type: "8-K"
ticker: null
cik: "0001865407"
company_name: "Kensington Capital Acquisition Corp. V"
filed_at: "2023-08-29T23:59:59+00:00"
generated_at: "2026-06-11T02:33:45.207961+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Kensington Capital Acquisition V secures up to $950K working capital loan; extends CFO services agreement

## Summary
- Sponsor loans up to $950,250 via non-interest promissory note due upon business combination, Aug 17, 2024, or liquidation.
- Loan may convert into warrants at $0.75 each, identical to private placement warrants exercisable at $11.50 per share.
- Services agreement with DEHC LLC (CFO Daniel Huber) extended to Aug 17, 2024 at $20,000/month, max $240,000.

## SEC filing metadata
- accession: 0001193125-23-223882
- form_type: 8-K
- cik: 0001865407
- company_name: Kensington Capital Acquisition Corp. V
- filed_at: 2023-08-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865407/000119312523223882/0001193125-23-223882-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865407/000119312523223882/d503230d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-223882
- JSON: https://secwatch.observer/filing/0001193125-23-223882.json
- Plain text: https://secwatch.observer/filing/0001193125-23-223882.txt

## Key facts
- Debt Financings
  Kensington Capital Acquisition Corp. V incurred loan of up to $950,250 with Kensington Capital Sponsor V LLC at non-interest bearing maturing earlier of: (i) the consummation of the Company’s initial business combination unless converted into working capital warrants at the option of the Sponsor, at a.
  - Instrument: loan
  - Principal: up to $950,250
  - Counterparty: Kensington Capital Sponsor V LLC
  - Rate: non-interest bearing
  - Maturity: earlier of: (i) the consummation of the Company’s initial business combination unless converted into working capital warrants at the option of the Sponsor, at a
  - Event: incurrence
  source text: On August 29, 2023, Kensington Capital Sponsor V LLC (the “Sponsor”) agreed to loan Kensington Capital Acquisition Corp. V, a Cayman Islands exempted company incorporated with limited liability (the “Company”), an aggregate of up to $950,250 to cover expenses related to the Company’s initial business combination (the “Business Combination”) pursuant to a promissory note (the “Working Capital Note”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865407/000119312523223882/0001193125-23-223882-index.htm

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