SPAC combinationJul 21, 2026Pending
🇺🇸 United States
NCNth Cycle, Inc.KCKensington Capital Acquisition Corp. VI
Materials & Chemicals › Metals & Mining
Deal valueUndisclosed
AnnouncedJul 21, 2026
ConsiderationStock
StructureOther
RegionNorth America
Cross-borderYes
Contingent paymentYes
Overview
Kensington Capital Acquisition Corp. VI agreed to acquire Nth Cycle, Inc. through a two-step merger in which Nth Cycle became a wholly-owned subsidiary of Kensington, with Nth Cycle securityholders receiving shares of New Nth Cycle Common Stock, including up to 20,000,000 additional shares issuable as earnout consideration.
Deal rationale
The document presents the combination as a promising strategic fit given Cantor's knowledge of Nth Cycle's market and awareness of Kensington's strategic process.
AI-generated from the SEC filingPendingMaterials & Chemicals › Metals & MiningUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | Undisclosed | |
| Consideration | Stock |
Advisors
Buy-side
None listed
Sell-side
CFCantor Fitzgerald
Parties
Target
NCNth Cycle, Inc.
- Headquarters
- United States
- Ticker
- —
Acquirer
KCKensington Capital Acquisition Corp. VI
- Headquarters
- Cayman Islands
- Ticker
- —