8-K: QuantumScape Shifts Stock Listing to Nasdaq

QuantumScape Corporation announced its Class A Common Stock will transfer its listing from the New York Stock Exchange to The Nasdaq Stock Market LLC, effective December 23, 2025.

Summary

• QuantumScape Corporation will voluntarily transfer the listing of its Class A Common Stock from the New York Stock Exchange (NYSE) to The Nasdaq Stock Market LLC (Nasdaq).
• The last day of trading for QuantumScape's Class A Common Stock on the NYSE is expected to be at market close on December 22, 2025.
• Trading on Nasdaq is expected to commence at market open on December 23, 2025.
• The company's Class A Common Stock has been approved for listing on Nasdaq and will continue to trade under its current ticker symbol, QS.
• The transfer is anticipated to be smooth with no disruption to trading activities.

Sentiment

Score: 6

Explanation: The voluntary transfer to Nasdaq is a procedural and strategic move, generally viewed as neutral to slightly positive for a technology company. It aligns the company with a perceived innovative peer group and is expected to be seamless, indicating no immediate negative operational or financial impact.

Positives

• QuantumScape is proud to join Nasdaq's community alongside some of the most innovative companies in the world.
• The company views this as an exciting opportunity to partner with Nasdaq to better serve its shareholders.
• QuantumScape has met all listing requirements for Nasdaq.
• A smooth transition with no disruption to trading activities is expected.

Risks

• Risks associated with building out processes to scale solid-state battery production.
• Challenges in achieving the required speed, quality, consistency, reliability, safety, cost, and throughput for developing products for commercialization.
• Potential impacts from changes in economic and financial conditions.
• Other factors discussed in the 'Risk Factors' section of Annual and Quarterly Reports filed with the Securities and Exchange Commission.

Future Outlook

QuantumScape anticipates a smooth transition to Nasdaq with no disruption to trading activities. Management believes this move will allow them to better serve shareholders by partnering with Nasdaq, an exchange associated with innovative companies.

Management Comments

• "We're proud to join Nasdaq's community alongside some of the most innovative companies in the world." Kevin Hettrich, Chief Financial Officer of QS.
• "We look forward to this exciting opportunity to partner with Nasdaq to better serve our shareholders." Kevin Hettrich, Chief Financial Officer of QS.

Industry Context

The transfer to Nasdaq is a common strategic move for technology and growth-oriented companies, as Nasdaq is often perceived as the exchange for innovative and high-growth firms. This aligns QuantumScape, a leader in next-generation solid-state battery technology for electric mobility, with a peer group that includes many prominent technology innovators.

Stakeholder Impact

• Shareholders: Will trade shares on Nasdaq instead of NYSE, with no expected disruption to trading. The company aims to better serve shareholders through this partnership.
• Company Reputation: Aligns QuantumScape with Nasdaq's community of innovative companies, potentially enhancing its profile among technology investors.

Next Steps

• Cessation of trading on NYSE at market close on December 22, 2025.
• Commencement of trading on Nasdaq at market open on December 23, 2025.

Key Dates

Keywords

QuantumScape, QS, Nasdaq, NYSE, stock listing transfer, solid-state battery, electric mobility, SEC filing, 8-K, stock exchange