QuantumScape Enters Material Definitive Agreement

TL;DR

QS signed a big deal on Dec 3rd, 2025.

AI Summary

QuantumScape Corporation entered into a material definitive agreement on December 3, 2025. The company, previously known as Kensington Capital Acquisition Corp., is incorporated in Delaware and headquartered in San Jose, California.

Why It Matters

This filing indicates a significant new contract or partnership for QuantumScape, which could impact its future operations and financial performance in the advanced battery technology sector.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, but the specific nature of the agreement is not detailed, requiring further investigation.

Key Numbers

• 001-39345 — Commission File Number (QuantumScape's SEC filing identifier)
• 85-0796578 — IRS Employer Identification No. (QuantumScape's tax identification number)

Key Players & Entities

• QuantumScape Corporation (company) — Registrant
• Kensington Capital Acquisition Corp. (company) — Former Name
• December 03, 2025 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• San Jose, California (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.0001 — tered Class A Common Stock, par value $0.0001 per share QS The New York Stock Exc
• $72 thousand — pay monthly base rent ("Base Rent") of $72 thousand through November 30, 2026, escalating a
• $175.1 thousand — scalating annually thereafter, reaching $175.1 thousand for the final period ending September 3
• $11.5 m — cts to receive a total of approximately $11.5 million, after abatements, as Base Rent o

Filing Documents

• qs-20251203.htm (8-K) — 43KB
• 0001193125-25-311360.txt ( ) — 147KB
• qs-20251203.xsd (EX-101.SCH) — 24KB
• qs-20251203_htm.xml (XML) — 5KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On December 3, 2025, QuantumScape Battery, Inc. (the "Company"), a wholly owned subsidiary of QuantumScape Corporation, entered into a Sublease Agreement (the "Sublease") with Momentus Inc. ("Sublessee") for the entire building located at 1762 Automation Parkway, San Jose, California, consisting of approximately 61,100 rentable square feet (the "Premises"). The Premises are outside of the Company's headquarters and are the subject of a lease agreement by and between the Company and Utah Land & Capital, LLC (the "Master Landlord"), dated as of November 1, 2021, as subsequently amended (the "Master Lease"). This Sublease results in a smaller operational footprint consistent with the Company's technology licensing focus. The Sublease term commences on the date the Company obtains the Master Landlord's consent and delivers the Premises in the requisite condition, and expires on September 30, 2032 concurrently with the expiration date of the Master Lease, unless terminated earlier in accordance with its terms. Under the Sublease, Sublessee will initially pay monthly base rent ("Base Rent") of $72 thousand through November 30, 2026, escalating annually thereafter, reaching $175.1 thousand for the final period ending September 30, 2032. The Company expects to receive a total of approximately $11.5 million, after abatements, as Base Rent over the term of the Sublease. Base Rent is subject to certain abatements through March 31, 2026. Sublessee is also responsible for additional rent obligations, operating expenses, taxes, and insurance related to the Premises, subject to the terms and conditions of the Master Lease. The Sublease includes customary provisions for agreements of this type, including security deposit, prepaid Base Rent, indemnities, maintenance obligations, and restrictions on assignment and subletting. The Sublease is subject to the Master Landlord's written consent. The foregoing description of the

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. QuantumScape Corporation Date: December 8, 2025 By: /s/ Michael McCarthy Name: Michael McCarthy Title: Chief Legal Officer and Head of Corporate Development