---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-311388"
form_type: "8-K"
ticker: "KCAC-UN"
cik: "0002102713"
company_name: "Kensington Capital Acquisition Corp. VI"
filed_at: "2026-07-22T12:44:51+00:00"
generated_at: "2026-07-22T12:50:29.821038+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Kensington Capital SPAC to merge with Nth Cycle in de-SPAC deal; target Q4 2026 close

## Summary
- Kensington Capital Acquisition Corp. VI (KCAC) enters Business Combination Agreement with Nth Cycle, Inc., a battery recycling company.
- Merger consideration includes up to 20M earnout shares: 10M at $15.00 stock price for 20/30 days, 10M upon mechanical completion of first major black mass refinery.
- Closing requires at least $75M cash from trust and PIPE; expected in Q4 2026 subject to shareholder approvals and regulatory conditions.
- Post-closing, combined company to be named Nth Cycle Holdings, Inc., trading on NYSE under symbol NTH.
- Sponsor agrees to vote in favor, waive anti-dilution rights, and lock up shares until closing.

## SEC filing metadata
- accession: 0001193125-26-311388
- form_type: 8-K
- ticker: KCAC-UN
- cik: 0002102713
- company_name: Kensington Capital Acquisition Corp. VI
- filed_at: 2026-07-22T12:44:51+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2102713/000119312526311388/0001193125-26-311388-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2102713/000119312526311388/d140185d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-311388
- JSON: https://secwatch.observer/filing/0001193125-26-311388.json
- Plain text: https://secwatch.observer/filing/0001193125-26-311388.txt

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