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Amprius Technologies – TheNewswire - (AMPX) has completed its SPAC merger with Kensington Capital Acquisition Corp. and begun trading on the New York Stock Exchange under the ticker symbol AMPX.
Since 2016, Amprius has been producing ultra-high energy density lithium-ion batteries for commercial mobility applications.
The company says that its silicon nanowire anode technology enables it to produce batteries with higher energy and power density that provide extreme fast charging capabilities over a wide range of operating temperatures.
Dr. Kang Sun, Chief Executive Officer of Amprius commented: "Entering the public markets is an important milestone for Amprius, one we have been diligently working towards since our founding. This transaction provides Amprius with capital to use in scaling production capabilities to meet the significant demand for our transformational silicon nanowire anode technology.”
Closing of the SPAC transaction provided the company with approximately $87 million in working capital. The company says that it will use the funds to support construction of its gigawatt hour-scale manufacturing facility.
Amprius Technologies is based in Fremont, California where it maintains an R&D lab and pilot manufacturing facility. Shares now trade on the NYSE under the ticker symbol AMPX. For more information visit www.greenstocknews.com.
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