QuantumScape Corp (NYSE:QS) shares are trading lower after the company proposed a $300 million public offering. The company also intends to grant the underwriters an option to purchase up to an additional $45 million worth of stock. The proceeds will be used for working capital and general corporate purposes. QuantumScape reported Q2 financial results last week, with $232.84 million in cash and equivalents. The company maintained its full-year outlook for capital expenditures of $100 million to $150 million and cash operating expenses of $225 million to $275 million.