Kensington Capital Acquisition Corp. V announced a private placement 3,680,000 warrants at a price of $0.75 per warrant for gross proceeds of $2,760,000 in a private placement to returning investor, Kensington Capital Sponsor V LLC on February 15, 2023. The new warrants have been issued pursuant to, and are governed by, the warrant agreement that the company entered into at the time of the initial public offering in August 2021.