Quanergy To Publicly List Through A Business Combination With Citic Capital Acquisition Corp
T-Reuters
Jun 22, 2021
CITIC Capital Acquisition Corp:Quanergy To Publicly List Through A Business Combination With Citic Capital Acquisition Corp. To Democratize Smart Lidar Solutions For The Automotive And Iot Markets.Quanergy - Pro Forma Implied Equity Value And Enterprise Value Of Combined Business Is Approximately $1.4 Billion And $1.1 Billion, Respectively.Quanergy - Upon Closing, Combined Co Is Expected To Be Listed On New York Stock Exchange Under Ticker Symbol "Qngy".Quanergy - Existing Quanergy Shareholders Are Rolling 100% Of Their Equity In Transaction.Quanergy - Pro Forma For Deal, Existing Quanergy Shareholders Will Own About 72% Of Combined Co, While Ccac Public Shareholders Will Own About 20%.
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