On August 12, 2021, the Registration Statement on Form S-1 relating to the initial public offering of Kensington Capital Acquisition Corp. V was declared effective by the U.S. Securities and Exchange Commission and the Company subsequently filed, on August 12, 2021, a registration statement on Form S-1 pursuant to Rule 462(b) under the Securities Act of 1933, as amended, which was effective immediately upon filing. On August 12, 2021, in connection with the IPO, Anders Pettersson, Mitchell Quain, Mark Robertshaw, Nickolas Vande Steeg and William Kassling (the “New Directors” and, collectively with Justin Mirro and John Arney, the “Directors”) were appointed to the board of directors of the company. Effective August 12, 2021, Messrs. Robertshaw, Vande Steeg and Quain were also appointed to the Board’s Audit Committee, with Mr. Robertshaw serving as chair, Messrs. Pettersson and Kassling were also appointed to the Board’s Compensation Committee, with Mr. Pettersson serving as chair and Messrs. Quain and Pettersson were also appointed to the Board’s Nominating and Corporate Governance Committee, with Mr. Quain serving as chair.