HighCape Capital ($CAPA) $7.6M Stockholder Settlement
HighCape Capital ($CAPA) agreed to a $7.6 million settlement to resolve claims it misled investors about Quantum-Si’s readiness for commercial launch and business outlook in connection with their SPAC merger.
Outline
In June 2021, HighCape Capital, a SPAC, merged with Quantum-Si, a biotech firm focused on single-molecule protein sequencing. However, it was later accused of providing misleading information about Quantum-Si’s product development, commercialization prospects, and financial projections leading up to and after the merger. Following this, the stock dropped by 70%, and investors filed a lawsuit.
Timeline
On June 10, 2021: HighCape completed its merger with Quantum-Si, and the combined company began trading as $QSI.
Between 2022 and 2023: Quantum-Si missed growth and commercialization targets, and $QSI shares declined over 70%, leading to significant investor losses.
In May 2024: Shareholders filed a class action citing material omissions and misstatements.
In January, 2026: The court set May 6, 2026, as the deadline to submit claims for the settlement.
Background
In June 2021, Quantum-Si Incorporated, a life sciences firm specializing in protein sequencing technology, entered the public markets following a merger with HighCape Capital Acquisition Corp.
At the time of the merger, the company was positioned as a pioneer in commercializing innovative technology for the healthcare sector. The leadership presented optimistic projections regarding commercialization timelines and revenue growth to build momentum.
And, the deal was initially met with significant investor enthusiasm.
However, the post-merger reality shifted as the company struggled to hit its commercialization and revenue milestones.
Quantum-Si faced operational delays and missed key product rollout timelines that had been central to its early projections.
As these challenges became clear to the market, investor confidence evaporated, and $QSI had plummeted over 70% from its post-merger highs.
In response to the decline, investors filed a class action lawsuit, claming that the HighCape Defendants impaired stockholders' redemption rights and provided misleading information in the Proxy statement used to approve the merger.
What Can Investors Expect Now?
HighCape Capital ($CAPA) agreed to a $7.6 million settlement to resolve claims it misled investors about Quantum-Si’s readiness for commercial launch and business outlook in connection with their SPAC merger.
If you were damaged due to this situation, you can file for a payout and get your share of the settlement. You can check if you are eligible and other details in the FAQ section below.
Frequently Asked Questions
ALL RECORD AND BENEFICIAL HOLDERS OF HIGHCAPE CAPITAL ACQUISITION CORP. (“HIGHCAPE”) CLASS A COMMON STOCK BETWEEN MAY 10, 2021, AND JUNE 10, 2021, INCLUDING THEIR SUCCESSORS-IN-INTEREST WHO OBTAINED SHARES BY OPERATION OF LAW
No, if you have purchased securities within the class period, you are eligible to participate.
You can participate in the settlement and retain (or sell) your securities.
The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
If you're eligible, you can file your claim directly from this case page by clicking the "Collect Payout" button.
More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed — or file manually for this case.
11th.com is an investor recovery company that helps investors track and collect securities class action settlements. We will:
1. Prepare documents for your payout.
2. Audit the claim and make sure you get the maximum possible payout.
3. File a claim with the settlement administration.
4. Correspond with the settlement administration to resolve emerging issues.
5. Deliver payout directly to your brokerage account.
There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.