QuantumScape Files a Registration Statement on Form S-8 with the SEC
February 01 2021 - 8:45AM
Business Wire
QuantumScape Corporation (NYSE: QS, or "QuantumScape"), a leader
in the development of next generation solid-state lithium-metal
batteries for use in electric vehicles (EVs), today filed a
registration statement on Form S-8 with the SEC.
The purpose of the Form S-8 is to register shares under the
QuantumScape 2010 Equity Incentive Plan (the “2010 Plan”), the 2020
Employee Stock Purchase Plan (the “2020 ESPP”) and the 2020 Equity
Incentive Plan (the “2020 Plan”). The number of shares issued or
issuable under these plans was disclosed in the Company’s
Registration Statement on Form S-1 filed on December 17, 2020.
The shares being registered on the Form S-8 include shares
issued under the 2010 Plan or the 2020 Plan. Approximately 95% of
these shares are currently locked-up pursuant to the lock-up
agreements that the Company and equity holders entered into in
connection with the Business Combination or are subject to trading
restrictions under the Company’s insider trading policy that
prevents them from being sold at this time. The shares registered
on the Form S-8 also include shares that may be issued in the
future under the 2020 Plan. Such shares would be subject to the
approval of QuantumScape’s Board and the vesting terms determined
by the Board.
The Company has not yet implemented an employee stock purchase
plan, and no shares have been issued under the 2020 ESPP.
About QuantumScape Corporation
QuantumScape is a leader in the development of next generation
solid-state lithium-metal batteries for use in electric vehicles.
The company's mission is to revolutionize energy storage to enable
a sustainable future.
For additional information, please visit
www.quantumscape.com.
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