QuantumScape 8-K
PositiveContract / partnership
PowerCo amendment ties future QSE-5 payments to delivery and validation milestones, with total payments capped at $75.4M including amounts already paid.
Filed 2026-07-22 16:02 ET
- 1.01 Entry into a Material Agreement
- 1.02 Termination of a Material Agreement
Summary
QuantumScape amended its collaboration with PowerCo on 7/16/2026 and terminated the prior statement of work, replacing it with milestone-based terms. The updated program covers continued development, validation, demonstration and initial commercialization of QSE-5 battery cells, with milestones focused on automotive and larger-format cells and QuantumScape’s future technology roadmap.
Key Figures
- Maximum aggregate payments from PowerCo for the program: $75.4M, inclusive of amounts already paid; future payments are tied to milestones, including cell delivery and validation over the next two years.
- Outstanding amounts invoiced to PowerCo under the terminated statement of work remain due and payable. The amendment does not modify the terms of the potential IP License Agreement.
Investor Takeaways
- Delivery and validation of battery cells over the next two years will test progress against the amended development milestones and toward initial commercialization.
The summary is written by an AI model reading the filing.
Model 005 · prompt v111 · 2026-10-27 20:04:01Z