Kensington Capital Acquisition Corp. VI (KCAC VI) is a SPAC — a blank check company with no operations or revenue — formed to identify and merge with a private business to take it public. KCAC VI raised $200M through an IPO of 20M units at $10.00 each, with proceeds held in trust in U.S. Treasuries or money market funds. If no deal closes within 24 months, KCAC VI liquidates and returns roughly $10.00 per share to public investors. The sponsor acquired founder shares for $25,000, which convert into Class A shares upon deal close — creating a strong financial incentive to complete a transaction. KCAC VI's unit structure includes a novel Class 2 warrant that expires upon shareholder redemption, designed to discourage redemptions and preserve trust cash for use in a deal. Management intends to focus on the global automotive and automotive-related sector, with secondary interest in defense, energy, and AI. Target subsectors include next-generation battery technology, EV components, automotive software, autonomous driving, and robotics. Management targets businesses with enterprise values above $500M. The management team includes Justin Mirro, a former automotive investment banker with 35+ years of experience, and Dieter Zetsche, former CEO of Daimler. Prior Kensington SPACs completed deals with QuantumScape, Wallbox, and Amprius, though Kensington SPAC V was dissolved without completing a transaction.