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Kensington Capital Acquisition Corp. II Announces Separate Trading of Its Class A Common Shares and Redeemable Warrants Effective April 19, 2021

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NEW YORK, April 14, 2021 / PRNewswire / – Kensington Capital Acquisition Corp. II (NYSE: KCAC.U) (the “Company”) announced that, beginning April 19, 2021, holders of units sold as part of the company’s initial public offering of 23,000,000 units, carried out on March 2, 2021, may elect to trade separately the Class A common shares and the redeemable warrants included in the units. Nonseparated Units will continue to trade on the New York Stock Exchange (the “NYSE”) under the symbol “KCAC.U”, and the Class A common shares and separate redeemable warrants will trade on the NYSE under the symbols “KCAC” and “KCAC WS”, respectively. No split warrants will be issued upon separation of the units and only whole warrants will be traded. Unitholders should instruct their brokers to contact Continental Stock Transfer & Trust Company, the transfer agent of the Company, in order to separate the units into Class A common shares and warrants.

The units were initially offered by the company as part of a subscribed offering. UBS Securities LLC and Stifel, Nicolaus & Company, Incorporated acted as joint bookkeepers for the offering and Robert W. Baird & Co. Incorporated acted as lead manager. A registration statement relating to the units and the underlying securities entered into force on February 25, 2021.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor any sale of such securities in any state or jurisdiction where such an offer, solicitation or sale would be unlawful before. registration or qualification under the securities laws of any such state or jurisdiction. The offer has been made only by means of a prospectus, copies of which can be obtained by contacting UBS Securities LLC, attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, phone: (888) 827-7275 or email: [email protected]; and Stifel, Nicolaus & Company, Incorporated, Attn: Syndicate Department, A south street, 15th floor, Baltimore, MD 21202, or by email: [email protected]or by phone: (855) 300-7136.

About Kensington Capital Acquisition Corp. II

The company is a newly established blank check company incorporated in Delaware for the purpose of effecting a merger, a stock exchange, an acquisition of assets, a purchase of shares, a reorganization or a similar business combination with one or more companies.

For more information please contact

Dan Huber |
Financial director
[email protected]
(703) 674-6514

Forward-looking statements

This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, when referring to we or our management team identify forward-looking statements. These forward-looking statements are based on the beliefs of management, as well as on the assumptions made by the management of the company and on information currently available. Actual results could differ materially from those contemplated in forward-looking statements due to certain factors detailed in documents filed by the Company with the Securities and Exchange Commission (the “SEC”). All subsequent written or oral forward-looking statements attributable to us or to persons acting on our behalf are fully qualified by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set out in the Risk Factors section of the Company’s registration statements and prospectus relating to the initial public offering of the Company. Company filed with the SEC. The Company assumes no obligation to update these statements for revisions or changes after the date of this posting, except as required by law.

SOURCE Kensington Capital Acquisition Corp. II

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