SAN JOSE, Calif.–(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.
Source: QuantumScape Corporation
This article contains forward-looking statements within the meaning of the federal securities laws and information based on management’s current expectations as of the date of this current report. All statements other than statements of historical fact contained in this article, including statements regarding the future development of QuantumScape’s battery technology, the anticipated benefits of QuantumScape’s technologies and the performance of its batteries, and plans and objectives for future operations, are forward-looking statements. When used in this current report, the words “may,” “will,” “estimate,” “pro forma,” “expect,” “plan,” “believe,” “potential,” “predict,” “target,” “should,” “would,” “could,” “continue,” “believe,” “project,” “intend,” “anticipates” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words.
These forward-looking statements are based on management’s current expectations, assumptions, hopes, beliefs, intentions, and strategies regarding future events and are based on currently available information as to the outcome and timing of future events. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Many of these factors are outside QuantumScape’s control and are difficult to predict. QuantumScape cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as otherwise required by applicable law, QuantumScape disclaims any duty to update any forward-looking statements. Should underlying assumptions prove incorrect, actual results and projections could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that could materially affect QuantumScape’s actual results can be found in QuantumScape’s periodic filings with the SEC. QuantumScape’s SEC filings are available publicly on the SEC’s website at www.sec.gov.
Pamela Fong is QuantumScape’s Chief of Human Resources Operations, leading people strategy and operations, including talent acquisition, organizational development and employee engagement. Prior to joining the company, Ms. Fong served as the Vice President of Global Human Resources at PDF Solutions (NASDAQ: PDFS), a semiconductor SAAS company. Before that, she served in several HR leadership roles at Foxconn Interconnect Technology, Inc., a multinational electronics manufacturer, and NUMMI, an automotive manufacturing joint venture between Toyota and General Motors. Ms. Fong holds a B.S. in Business Administration from U.C. Berkeley and a M.S. in Management from Stanford Graduate School of Business.