San Diego, CA -- (SBWIRE) -- 02/24/2021 -- A deadline is coming up on March 8, 2021 in the lawsuit filed for certain investors of QuantumScape Corporation (NYSE: QS).

Investors who purchased shares of QuantumScape Corporation (NYSE: QS) have certain options and there are strict and short deadlines running. Deadline: March 8, 2021. NYSE: QS stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of QuantumScape Corporation (NYSE: QS) common shares between November 27, 2020 and December 31, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 27, 2020 and December 31, 2020, the defendants failed to disclose that the Company's battery technology was not sufficient for electric vehicle performance, as it would not be able to withstand the aggressive automotive environment; the Company's battery technology likely provided no meaningful improvement over existing battery technology, that the successful commercialization of the Company's battery technology was subject to much more significant risks and uncertainties than defendants had disclosed, that as a result of this information being withheld from the market, QuantumScape securities traded at artificially inflated prices between November 27, 2020 and December 31, 2020, with the Company's Class A common stock reaching a high of more than $131 per share, and that the Company was able to complete a combination with Kensington Capital Acquisition Corp. and to commence an underwritten secondary public stock offering of its publicly traded securities "at market price," registering for resale more than 300 million shares of QuantumScape publicly traded securities by insiders beginning on December 31, 2020, including several QuantumScape senior executives and its controlling shareholder.

Those who purchased shares of QuantumScape Corporation (NYSE: QS) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.