What's Going On With QuantumScape (QS) Stock
Portfolio Pulse from Henry Khederian
QuantumScape Corp's shares are trading lower by 2.0% following the announcement of a $300 million public offering of Class A common stock. The underwriters have a 30-day option to purchase up to an additional 5.6 million shares at the offering price. The public offering closed on Tuesday, August 8. Evercore ISI and Morgan Stanley were joint lead book-running managers for the offering, with Goldman Sachs & Co. LLC and UBS Investment Bank acting as additional book-running managers.
August 10, 2023 | 3:50 pm
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QuantumScape's stock is trading lower following the announcement of a $300 million public offering of Class A common stock.
The announcement of a public offering often leads to a decrease in the stock price due to dilution of shares. In this case, QuantumScape's stock price has decreased by 2.0% following the announcement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100