Kensington Capital Acquisition Corp. (NYSE: KCAC.U) announced that, commencing August 17, 2020, holders of the units sold in the Company's initial public offering of 23,000,000 units, completed on June 30, 2020, may elect to separately trade the shares of Class A common stock and redeemable warrants included in the units. Those units not separated will continue to trade on the New York Stock Exchange under the symbol "KCAC.U," and the shares of Class A common stock and redeemable warrants that are separated will trade on the NYSE under the symbols "KCAC" and "KCAC WS," respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into shares of Class A common stock and warrants.

The units were initially offered by the Company in an underwritten offering. UBS Securities LLC and Stifel, Nicolaus & Company, Incorporated acted as joint book running managers for the offering and Robert W. Baird & Co. Incorporated is acting as lead manager. Registration statements relating to the units and the underlying securities became effective on June 25, 2020.

About Kensington Capital Acquisition Corp.

The Company is a newly organized blank check company incorporated in Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.