Case Study: Kensington Capital Acquisition forms $230M SPAC quickly and cost-effectively with Donnelley Financial Solutions

DFIN Drives Success for $230m Auto Sector SPAC During Turbulent COVID-19 Conditions

Kensington Capital Acquisition, a New York–based automotive-focused SPAC, faced the challenge of forming and launching a $230M SPAC during the remote-work disruptions of the COVID-19 pandemic. To maintain speed, accuracy and cost control while coordinating executives, advisors and legal teams working from home, Kensington turned to Donnelley Financial Solutions and its SPAC platform for secure, cloud-based collaboration and SEC filing support.

Donnelley Financial Solutions provided an encrypted, real-time SPAC platform—familiar Word/Excel-like interfaces, SEC filing and reporting tools, and 24/7 on-call experts—enabling concurrent document edits and instant access to research and compliance guidance. The DFIN solution cut lag time (allowing completion weeks ahead of schedule), saved critical time and money, and helped Kensington successfully launch the KCAC.U offering valued at $230M, positioning the company for future automotive-sector deal-making.

Kensington Capital Acquisition

Dan Huber

Chief Financial Officer