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  "documentTitle": "QuantumScape (QS)",
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  "authorName": "Scorpion Capital",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-04-15 00:00:00",
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  "notes": "The slide uses data from CapitalIQ to support a bearish thesis regarding insider selling.",
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      "text": "At a $15B market cap, we expect they will be trigger happy to cash in when the lock up expires – much like the PIPE holders on Jan 4th.",
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      "text": "shares held: 120MM",
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      "text": "Breakdown by holder type, per CapitalIQ",
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      "kind": "title",
      "text": "10) Retail investors are at major risk as the lockup expires on April 24th and insiders can dump the shares they're pumping",
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      "text": "The largest holders of Quantumscape's stock are its venture capital/private equity backers and insiders – sitting on ~120MM shares or ~30% of the company. At a $15B market cap, we expect they will be trigger happy to cash in when the lock up expires – much like the PIPE holders on Jan 4th.",
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