Kensington Capital Acquisition Corp. VI 8K

Nth Cycle and Kensington Capital Acquisition Corp. VI disclosed the confidential submission of a draft Form S-4 for their SPAC business combination, valuing Nth Cycle at about $585 million and aiming to list the combined company as Nth Cycle Holdings, Inc. on the NYSE under “NTH,” subject to SEC review and shareholder approval.

Nth Cycle, Inc. and Kensington Capital Acquisition Corp. VI announced that they have confidentially submitted a draft registration statement on Form S-4 to the SEC in connection with their previously announced business combination, which values Nth Cycle at an implied pro forma enterprise value of approximately $585 million and is expected to provide up to $230 million from Kensington’s trust (subject to redemptions) plus up to $100 million from a PIPE (of which $40 million is currently committed). Upon completion of the SEC review process and customary closing conditions, including approval by Kensington’s shareholders, the combined company will be named Nth Cycle Holdings, Inc., and its common stock is expected to list on the NYSE under the ticker “NTH.” The announcement highlights Nth Cycle’s modular OYSTER electroextraction refining platform for rare earths, copper and battery materials, framed as an onshoring solution to U.S. critical mineral supply-chain dependence, and reiterates the parties’ expectation that the SPAC transaction will fund scaling this refining capacity, subject to market, regulatory, and shareholder risks described in forward-looking statements and prior 8-K disclosures.

Filing Facts

CIK

2102713

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-340529

Alert Tier

8