kensington capital acquisition corp. (nyse: kcac.u) is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with a business in the automotive and automotive-related sector. the company is sponsored by kensington capital partners (“kcp”) and the management team of justin mirro, bob remenar, simon boag and dan huber. the company is also supported by a board of independent directors including tom lasorda, anders pettersson, mitch quain, don runkle and matt simoncini. the company’s strategy is to utilize our extensive experience and operating capabilities in the automotive and automotive-related sector to complete a business combination.