$KCA-UN

Kensington Capital Acquisition Corp. VI

CIK:0002102713|SEC Filings

Condensed Statement of Operations - USD ($)	3 Months Ended	6 Months Ended
Condensed Statement of Operations - USD ($)	Jun. 30, 2026	Jun. 30, 2026
General and administrative costs	$ 555,255	$ 728,147
Loss from operations	(555,255)	(728,147)
Other income (expense):
Fair value of warrants liability in excess of purchase price of Private Placement Warrants	0	(714,753)
Loss on change in fair value of derivative liabilities – Private Placement Warrants	(9,161,334)	(9,498,443)
Transaction costs allocable to derivative liabilities – Private Placement Warrants	0	(23,338)
Interest earned on cash and marketable securities held in Trust Account	2,093,651	2,582,684
Total other expenses, net	(7,067,683)	(7,653,850)
Net loss	(7,622,938)	(8,381,997)
Class A ordinary shares [Member]
Other income (expense):
Net loss	$ (5,336,057)	$ (5,134,689)
Basic net loss per share	$ (0.23)	$ (0.35)
Diluted net loss per share	$ (0.23)	$ (0.35)
Weighted average shares outstanding basic	23,000,000	14,867,403
Weighted average shares outstanding diluted	23,000,000	14,867,403
Class B ordinary shares [Member]
Other income (expense):
Net loss	$ (2,286,881)	$ (3,247,308)
Basic net loss per share	$ (0.23)	$ (0.35)
Diluted net loss per share	$ (0.23)	$ (0.35)
Weighted average shares outstanding basic	9,857,142	9,402,525
Weighted average shares outstanding diluted	9,857,142	9,402,525

Condensed Statement of Cash Flows	6 Months Ended
Condensed Statement of Cash Flows	Jun. 30, 2026 USD ($)
Cash Flows from Operating Activities:
Net loss	$ (8,381,997)
Adjustments to reconcile net loss to net cash used in operating activities:
Transaction costs allocable to derivative liabilities – Private Placement Warrants	23,338
Interest earned on cash and marketable securities held in Trust Account	(2,582,684)
Loss on change in fair value of derivative liabilities – Private Placement Warrants	9,498,443
Fair value of warrant liability in excess of purchase price of Private Placement Warrants	714,753
Changes in operating assets and liabilities:
Prepaid expenses	20,067
Prepaid insurance	(145,833)
Accounts payable and accrued expenses	44,974
Deferred legal fee	358,797
Net cash used in operating activities	(450,142)
Cash Flows from Investing Activities:
Investment of cash in Trust Account	(230,000,000)
Net cash used in investing activities	(230,000,000)
Cash Flows from Financing Activities:
Proceeds from sale of Units, net of underwriting discounts paid	225,400,000
Proceeds from sale of Private Placement Warrants	7,300,000
Proceeds from promissory note – related party	50,000
Payment of offering costs	(566,245)
Net cash provided by financing activities	232,183,755
Net Change in Cash	1,733,613
Cash – Beginning of period	121,831
Cash – End of period	1,855,444
Non-Cash investing and financing activities:
Offering costs included in accrued offering costs	101,504
Remeasurement of Class A ordinary shares to redemption value	23,979,041
Deferred underwriting fee payable	9,200,000
Deferred Legal Fee Payable	289,549
Conversion of advances and short-term promissory notes to Working Capital Loans – related party	$ 200,000

Condensed Balance Sheets - USD ($)

Jun. 30, 2026

Dec. 31, 2025

Current Assets

Cash

$ 1,855,444

$ 121,831

Prepaid expenses

20,683

40,750

Prepaid insurance

87,500

Total Current Assets

1,963,627

162,581

Deferred offering costs

64,171

Long-term prepaid insurance

58,333

Cash and marketable securities held in Trust Account

232,582,684

TOTAL ASSETS

234,604,644

226,752

Current Liabilities

Accounts payable and accrued expenses

57,041

12,067

Accrued offering costs

103,435

64,171

Promissory note – related party

150,000

Total Current Liabilities

160,476

226,238

Working Capital Loans – related party

200,000

Deferred legal fee

648,346

Derivative liabilities – Private Placement Warrants

15,986,668

Deferred underwriting fee

9,200,000

TOTAL LIABILITIES

26,195,490

226,238

Commitments and Contingencies (Note 6)

Shareholders' (Deficit) Equity:

Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of June 30, 2026 and December 31, 2025

Additional paid-in capital

24,014

Accumulated deficit

(24,174,516)

(24,486)

Total Shareholders' (Deficit) Equity

(24,173,530)

514

^[1]

TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS' (DEFICIT) EQUITY

234,604,644

226,752

Class A ordinary shares [Member]

Current Liabilities

Class A ordinary shares subject to possible redemption, $0.0001 par value; 23,000,000 and no shares at redemption value of $10.11 and $0.00 per share as of June 30, 2026 and December 31, 2025, respectively

232,582,684

Shareholders' (Deficit) Equity:

Common stock

Class B ordinary shares [Member]

Shareholders' (Deficit) Equity:

Common stock

^[2]

$ 986

[1]	Included an aggregate of up to 1,285,714 Class B ordinary shares subject to forfeiture by the holders thereof depending on the extent to which the underwriters’ over-allotment option was exercised (see Note 5). On March 5, 2026, the Underwriters exercised its over-allotment option in full, therefore the 1,285,714 founder shares are no longer subject to forfeiture.
[2]	At December 31, 2025, included an aggregate of up to 1,285,714 Class B ordinary shares subject to forfeiture by the holders thereof depending on the extent to which the underwriters’ over-allotment option was exercised (see Note 5). On March 5, 2026, the Underwriters exercised its over-allotment option in full, therefore the 1,285,714 founder shares are no longer subject to forfeiture.