QuantumScape, a developer of lithium-metal batteries for electric vehicles, filed a petition in Delaware Court of Chancery on Thursday requesting validation of an Amended Certificate of Incorporation. The petition, which arises from a 2020 shareholder vote on QuantumScape's de-SPAC transaction with Kensington Capital, alleges that the Delaware Court of Chancery's Dec. 2022 decision in Garfield v. Boxed Inc. has caused shareholders to challenge the validity of the transaction. According to the suit, at least nine similar petitions have been filed since the Boxed decision. The petition was filed by Ashby & Geddes. The case is 2023-0157, In re QuantumScape Corp.
Automotive
February 09, 2023, 4:24 PM