Ownership / Kensington Capital Acquisition Corp. V | Tables in SEC filings

KCGI Kensington Capital Acquisition Corp. V

Quarterly report

	June 30, 2024			December 31, 2023
	(Unaudited)
Assets		Current assets:		Cash		$	879,486		$	1,222,918
Prepaid expenses		69,814			127,183

Total current assets		949,300			1,350,101
Investments held in Trust Account		50,736,202			49,216,721

Total Assets	$	51,685,502		$	50,566,822

Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit		Current liabilities:		Accounts payable			129,036		$	132,705
Accrued expenses		2,268,650			2,140,748
Working Capital Loan – current related party		1,100,250			1,100,250

Total current liabilities		3,497,936			3,373,703
Deferred underwriting commissions in connection with the initial public offering		9,660,000			9,660,000
Derivative warrant liabilities		1,182,600			3,942,000

Total Liabilities		14,340,536			16,975,703
Commitments and Contingencies (Note 5)			Class A ordinary shares subject to possible redemption, 4,542,733 shares at redemption value of approximately $11.15 and $10.81 per share as of June 30, 2024 and December 31, 2023, respectively			50,636,202			49,116,721
Shareholders’ Deficit		Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of June 30, 2024 and December 31, 2023		—				—
Class A ordinary shares, $0.0001 par value; 100,000,000 shares authorized; no non-redeemable shares issued or outstanding at June 30, 2024 and December 31, 2023		—			—
Class B ordinary shares, $0.0001 par value; 10,000,000 shares authorized; 6,900,000 shares issued and outstanding as of June 30, 2024 and December 31, 2023		690			690
Additional paid-in capital		—			—
Accumulated deficit		(13,291,926)			(15,526,292)

Total shareholders’ deficit		(13,291,236)			(15,525,602)

Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit	$	51,685,502		$	50,566,822

Class A ordinary shares subject to possible redemption, December 31, 2022	$	282,942,286
Extension payment made by the Sponsor		2,760,000
Redemption of Class A ordinary shares subject to possible redemption		(245,963,349)
Remeasurement of redemption value of Class A ordinary shares subject to possible redemption		9,377,784

Class A ordinary shares subject to possible redemption, December 31, 2023	$	49,116,721
Remeasurement of Class A ordinary shares subject to possible redemption amount		1,519,481

Class A ordinary shares subject to possible redemption, June 30, 2024 (unaudited)	$	50,636,202

	For the Three Months Ended June 30, 2024						For the Three Months Ended June 30, 2023
	Class A			Class B			Class A				Class B
Basic and Diluted net income per ordinary share:			Numerator:				Allocation of net income		$	633,763			$	962,628	$	6,672,292	$	1,668,073
Denominator:			Basic and Diluted weighted average ordinary shares outstanding			4,542,733			6,900,000				27,600,000		6,900,000

Basic and Diluted net income per ordinary share	$	0.14		$	0.14		$	0.24			$	0.24

	For the Six Months Ended June 30, 2024						For the Six Months Ended June 30, 2023
	Class A			Class B			Class A				Class B
Basic and Diluted net income per ordinary share:			Numerator:				Allocation of net income		$	1,490,267			$	2,263,580	$	5,442,123	$	1,360,531
Denominator:			Basic and Diluted weighted average ordinary shares outstanding			4,542,733			6,900,000				27,600,000		6,900,000

Basic and Diluted net income per ordinary share	$	0.33		$	0.33		$	0.20			$	0.20

Description	Quoted Prices in Active Markets (Level 1)				Significant Other Observable Inputs (Level 2)			Significant Other Unobservable Inputs (Level 3)
Assets:		Investments held in Trust Account - Money Market Funds (1)		$	50,735,549		$	—		$	—
Liabilities:			Derivative Warrant Liabilities - Public Warrants		$	621,000		$	—		$	—
Derivative Warrant Liabilities - Private Warrants	$	—			$			$	561,600
Working Capital Loan – Related Party	$	—			$	—		$	1,100,250

Derivative warrant liabilities at December 31, 2022	$	2,556,800
Issuance of Additional Private Placement Warrants		552,000
Change in fair value of derivative warrant liabilities		(1,236,800)

Derivative warrant liabilities at December 31, 2023	$	1,872,000
Change in fair value of derivative warrant liabilities		(1,310,400)

Derivative warrant liabilities at June 30, 2024 (unaudited)	$	561,600

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