Quantum scape, a solid-state battery company invested by Bill Gates, is acquiring Kensington capital( NYSE:KCAC ), listed in the form of SPAC (Special Purpose Acquisition company). According to Kensington capital’s form 424b3 filed with the SEC today, the company will hold a special shareholders’ meeting on November 25, 2020 to approve the business merger proposal with quantum scape. < p > < p > Kensington capital acquisition Corp. wrote in the form: “Kensington is holding a special shareholders’ meeting to obtain the shareholder approval required to complete the business combination. The meeting will be held at 10:00 a.m. EST on November 25, 2020, and will be broadcast live online. Unless postponed or extended, Kensington will require its shareholders to adopt the business merger agreement and approve the other proposals set out in this proxy statement / prospectus / information statement. “. < / P > < p > if the business combination plan is approved by Kensington capital’s shareholders, the company’s shares will be listed on the New York Stock Exchange under the stock code – QS. You should know that the enterprise value of the merged company is estimated to be 3.3 billion US dollars. Prior to the merger, quantum scape received $500 million in financing, led by Fidelity Management & research. < / P > < p > although companies listed through spac usually do not succeed, quantumscape may be an exception. Quantum scape is a new company established in San Jose in 2010 by former researchers of Stanford University. It is mainly engaged in the research and development of solid-state batteries, and has many patents and patent applications for solid-state batteries. < / P > < p > the company has adopted a non anode battery design, which eliminates anode manufacturing costs, making the full package battery cost of quantumscape 17% lower than that of traditional lithium-ion batteries. The company has also developed a simplified raw material procurement process that allows scalable, cost-effective battery manufacturing. < / P > < p > at the same time, the company’s patented design includes a ceramic electrolyte with high dendrite resistance – therefore, quantum scape’s batteries have no dendritic problems. As a result, by addressing the two biggest defects in the chemistry of solid-state batteries, quantum scape is positioning itself to create a new type of electric vehicle battery that is cheaper, lasts longer, charges faster, and is generally a better solution than lithium-ion batteries. [image] Google secretly tests 6GHz networks in 17 states of the United States