Kensington Capital Acquisition Corp. VI

What they do

The company was incorporated on December 4, 2025, as a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. To date, its only activities have been organizational, preparing for its initial public offering, and identifying a target company. On July 21, 2026, it entered a Business Combination Agreement with Nth Cycle, Inc. and its wholly owned subsidiaries Homeland Merger Sub, Inc. and Homeland Merger Sub II, LLC, which would result in New Nth Cycle, expected to trade on the NYSE under the symbol "NTH."

Revenue drivers

• No operating revenue — The company has not engaged in any operations nor generated any revenues to date.

Recent performance

As of June 30, 2026, the company reported total assets of $234.6 million, total liabilities of $26.2 million, and shareholder equity of negative $24.2 million. Cash and equivalents stood at $1.9 million. For the period from inception on December 4, 2025 through June 30, 2026, the company had no revenues and only incurred costs related to organizational activities and preparation for its initial public offering. It generates non-operating income in the form of interest on cash and marketable securities held in trust.

Strategy

The company's stated strategy is to complete a business combination using cash from its initial public offering and private placement warrants, as well as shares or debt. It has signed a Business Combination Agreement with Nth Cycle, Inc., under which Merger Sub I will merge into Nth Cycle, and then Nth Cycle will merge into Merger Sub II, with Merger Sub II surviving and changing its name to Nth Cycle, LLC. In connection with the closing, the company will domesticate as a Delaware corporation and change its name to Nth Cycle Holdings, Inc. The company expects the combined entity's common stock to trade on the NYSE under the symbol "NTH."

Risks

• No operating history — The company has neither engaged in any operations nor generated any revenues to date, and its only activities have been organizational and related to the IPO and target search.
• Business combination may not close — The Proposed Business Combination is subject to conditions that may not be satisfied, and failure to complete it could force liquidation.
• Significant costs — The company expects to continue to incur significant costs in pursuit of its acquisition plans.
• Shareholder equity deficit — As of June 30, 2026, the company reported shareholder equity of negative $24.2 million and total liabilities of $26.2 million against total assets of $234.6 million.

Outlook

Management states that it does not expect to generate any operating revenues until after the completion of its Business Combination. The company expects to continue to incur significant costs in pursuit of its acquisition plans and cannot assure that its plans to complete a Business Combination will be successful. The completion of the proposed Business Combination with Nth Cycle is subject to conditions and uncertainties, and the company has made no commitments to update forward-looking statements except as required by law.