Kensington Capital Acquisition Corp. VI

Kensington Capital Acquisition Corp. VI (KCAC) is a blank-check company (SPAC) that raised $200M in its initial public offering on Mar 5, 2026, listing on NYSE. It agreed to combine with Nth Cycle, Inc., announced on Jul 22, 2026, at a stated value of $585M. The deal has not closed yet. Cohen & Company Capital Markets led the IPO, with Drexel Hamilton. Hughes Hubbard & Reed advised the SPAC and Greenberg Traurig advised the underwriters on the IPO.

Nth Cycle is a critical minerals midstream refining company building technology and infrastructure for Western supply chains. It uses its modular OYSTER system and proprietary electroextraction platform to process domestic critical mineral resources, including battery minerals, rare earths and copper.

Status

Deal announced

Ticker

KCAC

IPO date

Mar 5, 2026

IPO size

$200M

IPO exchange

NYSE

Target

Nth Cycle, Inc.

Target sector

Mining

Announced

Jul 22, 2026

Stated deal value

$585M

Combined company

Nth Cycle Holdings, Inc. (NTH)

IPO underwriters

Cohen & Company Capital Markets and Drexel Hamilton

SPAC counsel (IPO)

Hughes Hubbard & Reed and Maples and Calder

Underwriters' counsel (IPO)

Greenberg Traurig