QuantumScape Corporation (QS)

[Whalatane]

From Barons re cash raise ( part of article )

The company plans to issue up to about 15 million shares, including the option typically granted to underwriters to sell a little more stock if demand is high. That would amount to more than $950 million based on Monday's closing price, effectively doubling the company's cash balance.
The deal looks like a sound strategic move, but one that will leave investors wondering what the timing means for the value of their position. It will be a reminder to investors that young high-growth companies often need external financing. They don't generate enough cash flow on their own yet.
QuantumScape ( QS ) has about 448 million shares outstanding, including warrants that are likely to be converted. The 15 million more shares represents about 3% of the total shares outstanding.

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I'm buying this 12 %+ drop ....not advising anyone else to do like wise . Its a long term hold.
I think QS's battery technology is superior to that being developed by competitors ( as best as I can understand it vs Samsungs, Toyota's and Tesla's approach ) ....and that QS with push their progress as fast and as hard as they can ...including scaling up their test battery production

Kiwi