Kensington Capital Acquisition Corp. IV Announces the Separate Trading of its Class 1 Warrants and New Units Commencing April 22, 2022

WESTBURY, N.Y., April 20, 2022 /PRNewswire/ -- Kensington Capital Acquisition Corp. IV (NYSE: KCAC.U) (the "Company") announced that, commencing April 22, 2022, holders of the units sold in the Company's initial public offering of 23,000,000 units, completed on March 4, 2022, may elect to separately trade the Class 1 redeemable warrants included in the units.  Those units not separated will continue to trade on the New York Stock Exchange (the "NYSE") under the symbol "KCAC.U," and the Class 1 redeemable warrants that are separated and the resulting new units consisting of one Class A ordinary share and one Class 2 redeemable warrant will trade on the NYSE under the symbols "KCAC.W" and "KCA.U," respectively. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into Class 1 redeemable warrants and new units.

The units were initially offered by the Company in an underwritten offering.  UBS Securities LLC and Stifel, Nicolaus & Company, Incorporated acted as joint book running managers for the offering, Robert W. Baird & Co. Incorporated acted as lead manager and Drexel Hamilton, LLC acted as co-manager.  The registration statement relating to the units and the underlying securities became effective on March 1, 2022.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.  The offering was made only by means of a prospectus, copies of which may be obtained by contacting UBS Securities LLC, Attn: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, telephone: [phone] or email: [e-mail]; and Stifel, Nicolaus & Company, Incorporated, Attn: Syndicate Department, One South Street, 15th Floor, Baltimore, MD 21202, or by email: [e-mail] or by telephone: [phone].

About Kensington Capital Acquisition Corp. IV

The Company is a newly organized blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

For more information, please contact

Dan Huber
Chief Financial Officer
[e-mail]
[phone]

Forward-Looking Statements

This press release may include "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, as they relate to us or our management team, identify forward-looking statements.  Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company's management.  Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filings with the Securities and Exchange Commission (the "SEC").  All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph.  Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus relating to the Company's initial public offering filed with the SEC.  The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/kensington-capital-acquisition-corp-iv-announces-the-separate-trading-of-its-class-1-warrants-and-new-units-commencing-april-22-2022-301529574.html

SOURCE Kensington Capital Acquisition Corp. IV

Copyright 2022 PR Newswire