https://wccftech.com/quantumscape-shares-rise-as-middle-east-entities-disclose-a-significant-stake-in-the-solid-state-battery-manufacturer/

QuantumScape (NYSE:QS), the Bill Gates-backed company attempting to commercialize solid-state batteries, recently made headlines when it went public by merging with the Special Purpose Acquisition Company (SPAC), Kensington Capital, in late November. Since the 25th of November, when the proposed merger was approved by Kensington Capital’s shareholders, the stock has registered a cumulative gain of over 65 percent. Today, QuantumScape bulls have received a fresh impetus as two high-profile entities in the Middle East have disclosed a significant stake in the company.

QuantumScape Is Now All Set To Go Public After the Shareholders of the SPAC Kensington Capital (KCAC) Approve the Merger Agreement Between the Two Companies