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QuantumScape Securities Litigation

866-778-9623

This official website is maintained by the Claims Administrator under the supervision of Plaintiff’s Counsel for the members of the Settlement Class in the Action entitled, In Re QuantumScape Securities Class Action Litigation, Case No. 3:21-cv-00058-WHO (the “Action”), which is pending in the United States District Court for the Northern District of California.

QuantumScape Securities Litigation

All Persons that purchased or otherwise acquired QuantumScape securities between November 27, 2020 and April 14, 2021, inclusive, and were damaged thereby.

THE FINAL FAIRNESS HEARING SET FOR 11/13/2024 AT 2:00 P.M. (PST) WILL BE HELD VIA ZOOM WEBINAR

Webinar Access: All counsel, members of the public, and media may access the webinar information at https://www.cand.uscourts.gov/who

The information contained on this web page is only a summary of information presented in more detail in the Notice of (I) Pendency of Class Action, Certification of Class, and Proposed Settlement; (II) Settlement Fairness Hearing; and (III) Motion For an Award of Attorneys’ Fees and Reimbursement of Litigation Expenses (the “Notice”), which you can access by clicking here. Since this website is just a summary, you should review the Notice for additional information.

Please also be advised that Plaintiff Frank Fish (“Lead Plaintiff”) and additional plaintiffs Kathy Stark and Mary Cranny (together with Lead Plaintiff, “Plaintiffs”), on behalf of themselves and the class (as defined in paragraph 1 of the Notice), have reached a proposed settlement of the Action for $47,500,000 in cash that, if approved, will resolve all claims in the Action (the “settlement”).

The Settlement Class consists of:

All Persons that purchased or otherwise acquired QuantumScape securities between November 27, 2020 and April 14, 2021, inclusive, and were damaged thereby.

Excluded from the Class are QuantumScape and its subsidiaries and affiliates, the other Defendants, and any of the Defendants’ or QuantumScape’s respective officers and directors at all relevant times, and any of their immediate families, legal representatives, heirs, successors, or assigns, and any entity in which Defendants have or had a controlling interest. Also excluded from the Class are any persons or entities who or which exclude themselves by submitting a Request for Exclusion in accordance with the requirements set forth in the Notice.

If you are a member of the Settlement Class, your legal rights will be affected whether you act or do not act. Please read the Notice to fully understand your rights and options.

If you are a Class Member and you wish to be eligible to participate in the distribution of proceeds from the Settlement Fund, you are required to submit the Claim Form that is available online via this website or which can be mailed to you upon request to the Claims Administrator, and the required supporting documentation as set forth therein, online or postmarked no later than December 13, 2024.

If the Court approves the Settlement and a plan of allocation, then payments to Authorized Claimants will be made after any appeals are resolved and after the completion of all claims processing. Please be patient, as this process can take some time to complete

If you have questions, you may call the QuantumScape Securities Litigation Helpline at (866)-778-9623 or email info@QuantumScapeSettlement.com.

PLEASE READ THE NOTICE CAREFULLY.

YOUR LEGAL RIGHTS AND OPTIONS IN THE SETTLEMENT
Description Due Date

SUBMIT A CLAIM FORM ONLINE OR POSTMARKED NO LATER THAN DECEMBER 13, 2024.

This is the only way to be eligible to receive a payment from the Settlement Fund. If you are a Class Member and you remain in the Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Claims (defined in paragraph 31 of the Notice) that you have against Defendants and the other Released Defendant Persons (defined in paragraph 32 of the Notice), so it is in your interest to submit a Claim Form.

EXCLUDE YOURSELF FROM THE CLASS BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION SO THAT IT IS RECEIVED NO LATER THAN OCTOBER 9, 2024.

If you exclude yourself from the Class, you will not be eligible to receive any payment from the Settlement Fund. This is the only option that allows you ever to be part of any other lawsuit against any of the Defendants or the other Released Defendant Persons concerning the Released Claims.

OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN OCTOBER 23, 2024.

If you do not like the proposed Settlement, the proposed Plan of Allocation, the request for attorneys’ fees and reimbursement of expenses, or the proposed award to Plaintiffs you may write to the Court and explain why you do not like them. You cannot object to the Settlement, the Plan of Allocation or the fee and expense request unless you are a Class Member and do not exclude yourself from the Class.

GO TO A HEARING ON NOVEMBER 13, 2024 AT 2:00 P.M., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN OCTOBER 23, 2024.

Filing a written objection and notice of intention to appear by October 23, 2024 allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement, the Plan of Allocation, the request for attorneys’ fees and reimbursement of expenses, and/or award to Plaintiffs. If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection.

DO NOTHING.

If you are a member of the Class and you do not submit a valid Claim Form, you will not be eligible to receive any payment from the Settlement Fund. You will, however, remain a member of the Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action.