Quanergy Recently Up 7% at $1.64 With Intraday Range of $1.08 to $2.12

Dow Jones2022-10-25

By Josh Beckerman

Shares of lidar company Quanergy Systems Inc. were recently up 7% at $1.64, with an intraday range of $1.08 to $2.12 Monday after it updated a filing for a planned securities offering.

The company expects to offer 9.8 million units, with each containing one share and two warrants, for $1.53 each.

Volume was more than 5.2 million shares, compared with a 65-day average of 318,899. Quanergy shares rose 51% Thursday and fell 19% Friday.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

October 24, 2022 14:28 ET (18:28 GMT)

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