Exhibit 99.1
EFiled: Feb 27 2023 10:36AM EST
Transaction ID 69224139 Case No. 2023-0157-LWW
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
In re QUANTUMSCAPE CORP. | ) ) | C.A. No. 2023-0157-LWW |
ORDER GRANTING PETITION FOR RELIEF PURSUANT TO 8 DEL. C. § 205
WHEREAS, on November 25, 2020, QuantumScape Corp. (“QuantumScape” or the “Company”) filed its Amended and Restated Certificate of Incorporation (the “Charter”) with the Delaware Secretary of State;
WHEREAS, in reliance on the validity and effectiveness of the Charter, QuantumScape has issued shares of its capital stock and other securities, and taken other actions, from time to time on or after November 25, 2020 and through the date of this order;
WHEREAS, on February 9, 2023 QuantumScape filed with this Court a Verified Petition for Relief under 8 Del. C. § 205 seeking validation of the Charter and the securities issued in reliance thereon (the “Petition”); and
WHEREAS, the Court has considered the factors in 8 Del. C. § 205(d) and finds good cause to grant the Petition;
IT IS HEREBY ORDERED, this 27th day of February, 2023, that under 8 Del. C. § 205 for the reasons set forth in the Court’s bench ruling that:
Exhibit 99.1
/s/ Lori W. Will
Vice Chancellor Will
-2-