Lidar company Quanergy Systems to go public via SPAC in $1.4B deal

Lidar company Quanergy Systems Inc. has announced its intention to go public through a special purpose acquisition company merger with CITIC Capital Acquisition Corp. The deal values Quanergy at $1.1 billion, with the combined companies having an implied equity value of $1.4 billion. CCAC had previously raised $240 million in an initial public offering on the […]

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