Kensington Capital Acquisition Corp. IV and Amprius Technologies Announce Final Exchange Ratio for Proposed Business Combination

WESTBURY, N.Y., Sept. 7, 2022 /PRNewswire/ -- Kensington Capital Acquisition Corp. IV ( NYSE: KCAC.U) ("Kensington") and Amprius Technologies, Inc. ("Amprius") today announced that they have determined the exchange ratio to be approximately 1.45590 (the "Exchange Ratio") as of the anticipated date for Closing (as defined below) in accordance with the terms of the Business Combination Agreement, dated as of May 11, 2022 (the "Business Combination Agreement"), among Kensington, Kensington Merger Sub Corp., a Delaware corporation and a wholly owned subsidiary of Kensington, and Amprius, pursuant to which, among other things, Kensington and Amprius will enter into a business combination (the "Proposed Business Combination"). Capitalized terms used in this press release but not otherwise defined herein have the meanings given to them in the Business Combination Agreement.