{"filing":{"accession_number":"0001193125-26-311388","cik":"0002102713","ticker":"KCAC-WT","company_name":"Kensington Capital Acquisition Corp. VI","form":"8-K","filing_date":"2026-07-22","report_date":null,"primary_document":"d140185d8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/2102713/000119312526311388/d140185d8k.htm"},"events":[{"id":19381,"run_id":17440,"accession_number":"0001193125-26-311388","anchor_item_number":"1.01","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"summary":"Kensington Capital Acquisition Corp. VI entered into a definitive Business Combination Agreement with Nth Cycle Inc., a critical minerals refining company, resulting in Nth Cycle becoming a publicly traded company on the NYSE under ticker 'NTH' with an implied enterprise value of $585 million and expected closing in Q4 2026.","company_name":"Kensington Capital Acquisition Corp. VI","ticker":"KCAC-WT","filing_date":"2026-07-22","form":"8-K","submitted_at":null,"items":[{"id":18458,"accession_number":"0001193125-26-311388","item_number":"1.01","item_title":"Entry Into A Material Definitive Agreement.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"This Item 1.01 discloses entry into a definitive Business Combination Agreement between Kensington Capital Acquisition Corp. VI (a SPAC) and Nth Cycle Inc., a critical minerals refining company. The agreement contemplates a two-step merger structure resulting in Nth Cycle becoming a publicly traded company on the NYSE under ticker \"NTH\" with an implied enterprise value of $585 million. This is a material acquisition/change of control transaction requiring shareholder approval and expected to close in Q4 2026.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-22T12:45:46.155554+00:00","company_name":"","ticker":null,"filing_date":""},{"id":18460,"accession_number":"0001193125-26-311388","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"The filing discloses entry into a definitive Business Combination Agreement between Kensington Capital Acquisition Corp. VI (a SPAC) and Nth Cycle Inc., with an implied enterprise value of $585 million and expected closing in Q4 2026. This is a material acquisition/change of control transaction that would substantially affect the registrant's business, capital structure, and shareholder base, meeting the definition of ma_activity under Item 1.01/2.01 standards.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-22T12:45:46.155554+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":19382,"run_id":17440,"accession_number":"0001193125-26-311388","anchor_item_number":"3.02","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"summary":"Nth Cycle Inc. conducted unregistered sales of equity securities to PIPE investors pursuant to Stock Purchase Agreements in reliance on Section 4(a)(2) exemption, with up to $100 million committed ($40 million to date) as part of the business combination transaction.","company_name":"Kensington Capital Acquisition Corp. VI","ticker":"KCAC-WT","filing_date":"2026-07-22","form":"8-K","submitted_at":null,"items":[{"id":18459,"accession_number":"0001193125-26-311388","item_number":"3.02","item_title":"Unregistered Sales of Equity Securities.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"Item 3.02 discloses unregistered sales of equity securities by Nth Cycle pursuant to Stock Purchase Agreements (SPAs) with PIPE investors, conducted in reliance on Section 4(a)(2) exemption. The supplemental exhibit confirms a PIPE of up to $100 million ($40 million committed to date) as part of the business combination transaction. This is a classic dilutive private placement of equity securities by a company raising capital in connection with a SPAC merger.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-22T12:45:46.155554+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":18458,"accession_number":"0001193125-26-311388","item_number":"1.01","item_title":"Entry Into A Material Definitive Agreement.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"This Item 1.01 discloses entry into a definitive Business Combination Agreement between Kensington Capital Acquisition Corp. VI (a SPAC) and Nth Cycle Inc., a critical minerals refining company. The agreement contemplates a two-step merger structure resulting in Nth Cycle becoming a publicly traded company on the NYSE under ticker \"NTH\" with an implied enterprise value of $585 million. This is a material acquisition/change of control transaction requiring shareholder approval and expected to close in Q4 2026.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-22T12:45:46.155554+00:00","company_name":"Kensington Capital Acquisition Corp. VI","ticker":"KCAC-WT","filing_date":"2026-07-22"},{"id":18459,"accession_number":"0001193125-26-311388","item_number":"3.02","item_title":"Unregistered Sales of Equity Securities.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"Item 3.02 discloses unregistered sales of equity securities by Nth Cycle pursuant to Stock Purchase Agreements (SPAs) with PIPE investors, conducted in reliance on Section 4(a)(2) exemption. The supplemental exhibit confirms a PIPE of up to $100 million ($40 million committed to date) as part of the business combination transaction. This is a classic dilutive private placement of equity securities by a company raising capital in connection with a SPAC merger.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-22T12:45:46.155554+00:00","company_name":"Kensington Capital Acquisition Corp. VI","ticker":"KCAC-WT","filing_date":"2026-07-22"},{"id":18460,"accession_number":"0001193125-26-311388","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"The filing discloses entry into a definitive Business Combination Agreement between Kensington Capital Acquisition Corp. VI (a SPAC) and Nth Cycle Inc., with an implied enterprise value of $585 million and expected closing in Q4 2026. This is a material acquisition/change of control transaction that would substantially affect the registrant's business, capital structure, and shareholder base, meeting the definition of ma_activity under Item 1.01/2.01 standards.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-22T12:45:46.155554+00:00","company_name":"Kensington Capital Acquisition Corp. VI","ticker":"KCAC-WT","filing_date":"2026-07-22"}]}