Quanergy nears China-backed SPAC deal to go public

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Quanergy nears China-backed SPAC deal to go public

StreetInsider2021-06-22

(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, ...

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ZOANMAN
·2021-06-22
Hi
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2
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RS142
·2021-06-22
Good
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Hs
·2021-06-22
Nice
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2
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TheAnswer96
·2021-06-22
[Smile] [Smile] [Smile]
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zekaria
·2021-06-22
Very nice
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ZCZC
·2021-06-22
[強]
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Dixon235
·2021-06-22
Oh
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1
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- rooot:
  [Smile]
  2021-06-22
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ApacheFire
·2021-06-22
Yes!!!
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2
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grondo
·2021-06-22
Nice
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S071
·2021-06-22
Nice
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3
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Pigmonkey
·2021-06-22
Like pls
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4
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- ZCZC:
  [强]
  2021-06-22
  Reply
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edgetrader
·2021-06-22
How to subscribe?
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5
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SWong8899
·2021-06-22
Nice
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5
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- Ericlam:
  Nice
  2021-06-23
  Reply
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Graceong
·2021-06-22
Good
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1
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Yeong
·2021-06-22
Pls like n comment
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1
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- SWong8899:
  good
  2021-06-22
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- heximania:
  sure
  2021-06-22
  Reply
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jnz1
·2021-06-22
Nice
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Richson
·2021-06-22
Sureee
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Airlee
·2021-06-22
Nice
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2
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WW1012
·2021-06-22
I don’t think it is a good stock
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- howeixiong:
  Hoho
  2021-06-25
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- howeixiong:
  Hehe
  2021-06-23
  Reply
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- yl2021:
  haha
  2021-06-22
  Reply
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Alexngo
·2021-06-22
Would you buy this stock?
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- Alexngo:
  I also think so
  2021-06-22
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- WW1012:
  No i dont thiNk si
  2021-06-22
  Reply
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Quanergy and CITIC did not immediately respond to requests for comment.</p>\n<p>CCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.</p>\n<p>The company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources.</p>\n<p>Quanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.</p>\n<p>No Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.</p>\n<p>Quanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.</p>\n<p>Founded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> Quanergy nears China-backed SPAC deal to go public</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n Quanergy nears China-backed SPAC deal to go public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18585623><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18585623\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=18585623","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145538034","content_text":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, people familiar with the matter said on Monday.\nQuanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.\nOthers that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.\nThe SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.\nThe sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.\nCCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.\nThe company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to one of the sources.\nQuanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.\nNo Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.\nQuanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.\nFounded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120574474,"gmtCreate":1624329883998,"gmtModify":1703833677048,"author":{"id":"3574118564601995","authorId":"3574118564601995","name":"RS142","avatar":"https://static.tigerbbs.com/22d2d9b1f352da24e6ea75b557ac987a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574118564601995","authorIdStr":"3574118564601995"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120574474","repostId":2145538034,"repostType":4,"repost":{"id":"2145538034","pubTimestamp":1624321860,"share":"https://ttm.financial/m/news/2145538034?lang=&edition=fundamental","pubTime":"2021-06-22 08:31","market":"us","language":"en","title":"Quanergy nears China-backed SPAC deal to go public","url":"https://stock-news.laohu8.com/highlight/detail?id=2145538034","media":"StreetInsider","summary":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go","content":"<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm <a href=\"https://laohu8.com/S/CCAC.WS\">CITIC Capital Acquisition Corp</a>, people familiar with the matter said on Monday.</p>\n<p>Quanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.</p>\n<p>Others that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.</p>\n<p>The SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.</p>\n<p>The sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.</p>\n<p>CCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.</p>\n<p>The company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources.</p>\n<p>Quanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.</p>\n<p>No Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.</p>\n<p>Quanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.</p>\n<p>Founded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> Quanergy nears China-backed SPAC deal to go public</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n Quanergy nears China-backed SPAC deal to go public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18585623><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18585623\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=18585623","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145538034","content_text":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, people familiar with the matter said on Monday.\nQuanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.\nOthers that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.\nThe SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.\nThe sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.\nCCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.\nThe company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to one of the sources.\nQuanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.\nNo Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.\nQuanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.\nFounded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120224542,"gmtCreate":1624325465186,"gmtModify":1703833495506,"author":{"id":"3565696836456479","authorId":"3565696836456479","name":"Hs","avatar":"https://static.tigerbbs.com/4009e690de81f07217a7fc6e487f6295","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3565696836456479","authorIdStr":"3565696836456479"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120224542","repostId":2145538034,"repostType":4,"repost":{"id":"2145538034","pubTimestamp":1624321860,"share":"https://ttm.financial/m/news/2145538034?lang=&edition=fundamental","pubTime":"2021-06-22 08:31","market":"us","language":"en","title":"Quanergy nears China-backed SPAC deal to go public","url":"https://stock-news.laohu8.com/highlight/detail?id=2145538034","media":"StreetInsider","summary":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go","content":"<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm <a href=\"https://laohu8.com/S/CCAC.WS\">CITIC Capital Acquisition Corp</a>, people familiar with the matter said on Monday.</p>\n<p>Quanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.</p>\n<p>Others that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.</p>\n<p>The SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.</p>\n<p>The sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.</p>\n<p>CCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.</p>\n<p>The company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources.</p>\n<p>Quanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.</p>\n<p>No Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.</p>\n<p>Quanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.</p>\n<p>Founded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> Quanergy nears China-backed SPAC deal to go public</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n Quanergy nears China-backed SPAC deal to go public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18585623><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18585623\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=18585623","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145538034","content_text":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, people familiar with the matter said on Monday.\nQuanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.\nOthers that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.\nThe SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.\nThe sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.\nCCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.\nThe company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to one of the sources.\nQuanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.\nNo Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.\nQuanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.\nFounded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120269495,"gmtCreate":1624324956817,"gmtModify":1703833472199,"author":{"id":"3581994708563247","authorId":"3581994708563247","name":"TheAnswer96","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581994708563247","authorIdStr":"3581994708563247"},"htmlText":"[Smile]&nbsp;[Smile]&nbsp;[Smile]&nbsp;","listText":"[Smile]&nbsp;[Smile]&nbsp;[Smile]&nbsp;","text":"[Smile] [Smile] [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120269495","repostId":2145538034,"repostType":4,"repost":{"id":"2145538034","pubTimestamp":1624321860,"share":"https://ttm.financial/m/news/2145538034?lang=&edition=fundamental","pubTime":"2021-06-22 08:31","market":"us","language":"en","title":"Quanergy nears China-backed SPAC deal to go public","url":"https://stock-news.laohu8.com/highlight/detail?id=2145538034","media":"StreetInsider","summary":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go","content":"<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm <a href=\"https://laohu8.com/S/CCAC.WS\">CITIC Capital Acquisition Corp</a>, people familiar with the matter said on Monday.</p>\n<p>Quanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.</p>\n<p>Others that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.</p>\n<p>The SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.</p>\n<p>The sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.</p>\n<p>CCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.</p>\n<p>The company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources.</p>\n<p>Quanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.</p>\n<p>No Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.</p>\n<p>Quanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.</p>\n<p>Founded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> Quanergy nears China-backed SPAC deal to go public</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n Quanergy nears China-backed SPAC deal to go public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18585623><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18585623\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=18585623","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145538034","content_text":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, people familiar with the matter said on Monday.\nQuanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.\nOthers that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.\nThe SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.\nThe sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.\nCCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.\nThe company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to one of the sources.\nQuanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.\nNo Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.\nQuanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.\nFounded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120219350,"gmtCreate":1624324366170,"gmtModify":1703833443289,"author":{"id":"3581664297256411","authorId":"3581664297256411","name":"zekaria","avatar":"https://static.itradeup.com/news/bf5886d50911af320ec3cedbf5b37fea","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581664297256411","authorIdStr":"3581664297256411"},"htmlText":"Very nice&nbsp;","listText":"Very nice&nbsp;","text":"Very nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120219350","repostId":2145538034,"repostType":4,"repost":{"id":"2145538034","pubTimestamp":1624321860,"share":"https://ttm.financial/m/news/2145538034?lang=&edition=fundamental","pubTime":"2021-06-22 08:31","market":"us","language":"en","title":"Quanergy nears China-backed SPAC deal to go public","url":"https://stock-news.laohu8.com/highlight/detail?id=2145538034","media":"StreetInsider","summary":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go","content":"<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm <a href=\"https://laohu8.com/S/CCAC.WS\">CITIC Capital Acquisition Corp</a>, people familiar with the matter said on Monday.</p>\n<p>Quanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.</p>\n<p>Others that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.</p>\n<p>The SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.</p>\n<p>The sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.</p>\n<p>CCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.</p>\n<p>The company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources.</p>\n<p>Quanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.</p>\n<p>No Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.</p>\n<p>Quanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.</p>\n<p>Founded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> Quanergy nears China-backed SPAC deal to go public</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n Quanergy nears China-backed SPAC deal to go public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18585623><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18585623\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=18585623","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145538034","content_text":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, people familiar with the matter said on Monday.\nQuanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.\nOthers that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.\nThe SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.\nThe sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.\nCCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.\nThe company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to one of the sources.\nQuanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.\nNo Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.\nQuanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.\nFounded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120232823,"gmtCreate":1624324224662,"gmtModify":1703833437139,"author":{"id":"3563790138758003","authorId":"3563790138758003","name":"ZCZC","avatar":"https://static.tigerbbs.com/d359c8a02a4377c583da678d7e9144c4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3563790138758003","authorIdStr":"3563790138758003"},"htmlText":"[強]&nbsp;","listText":"[強]&nbsp;","text":"[強]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120232823","repostId":2145538034,"repostType":4,"repost":{"id":"2145538034","pubTimestamp":1624321860,"share":"https://ttm.financial/m/news/2145538034?lang=&edition=fundamental","pubTime":"2021-06-22 08:31","market":"us","language":"en","title":"Quanergy nears China-backed SPAC deal to go public","url":"https://stock-news.laohu8.com/highlight/detail?id=2145538034","media":"StreetInsider","summary":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go","content":"<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm <a href=\"https://laohu8.com/S/CCAC.WS\">CITIC Capital Acquisition Corp</a>, people familiar with the matter said on Monday.</p>\n<p>Quanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.</p>\n<p>Others that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.</p>\n<p>The SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.</p>\n<p>The sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.</p>\n<p>CCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.</p>\n<p>The company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources.</p>\n<p>Quanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.</p>\n<p>No Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.</p>\n<p>Quanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.</p>\n<p>Founded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> Quanergy nears China-backed SPAC deal to go public</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n Quanergy nears China-backed SPAC deal to go public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18585623><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18585623\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=18585623","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145538034","content_text":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, people familiar with the matter said on Monday.\nQuanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.\nOthers that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.\nThe SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.\nThe sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.\nCCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.\nThe company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to one of the sources.\nQuanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.\nNo Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.\nQuanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.\nFounded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":120295085,"gmtCreate":1624323885347,"gmtModify":1703833424649,"author":{"id":"3580616034412272","authorId":"3580616034412272","name":"Dixon235","avatar":"https://static.tigerbbs.com/a4bb6ac364564ebe1e6f4893f26073f8","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3580616034412272","authorIdStr":"3580616034412272"},"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/120295085","repostId":2145538034,"repostType":4,"repost":{"id":"2145538034","pubTimestamp":1624321860,"share":"https://ttm.financial/m/news/2145538034?lang=&edition=fundamental","pubTime":"2021-06-22 08:31","market":"us","language":"en","title":"Quanergy nears China-backed SPAC deal to go public","url":"https://stock-news.laohu8.com/highlight/detail?id=2145538034","media":"StreetInsider","summary":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go","content":"<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm <a href=\"https://laohu8.com/S/CCAC.WS\">CITIC Capital Acquisition Corp</a>, people familiar with the matter said on Monday.</p>\n<p>Quanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.</p>\n<p>Others that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.</p>\n<p>The SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.</p>\n<p>The sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.</p>\n<p>CCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.</p>\n<p>The company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources.</p>\n<p>Quanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.</p>\n<p>No Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.</p>\n<p>Quanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.</p>\n<p>Founded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> Quanergy nears China-backed SPAC deal to go public</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n Quanergy nears China-backed SPAC deal to go public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18585623><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18585623\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=18585623","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145538034","content_text":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, people familiar with the matter said on Monday.\nQuanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.\nOthers that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.\nThe SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.\nThe sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.\nCCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.\nThe company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to one of the sources.\nQuanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.\nNo Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.\nQuanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.\nFounded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4945825,"gmtCreate":1624324040968,"gmtModify":1663229673239,"authorId":3562271456608357,"author":{"id":3562271456608357,"idStr":"3562271456608357","authorId":3562271456608357,"name":"rooot","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120295085,"type":1,"supId":0,"prevId":0,"content":"[Smile]","text":"[Smile]","html":"[Smile]"}],"langContent":"EN"},{"id":120296975,"gmtCreate":1624323836797,"gmtModify":1703833423517,"author":{"id":"3560730969024945","authorId":"3560730969024945","name":"ApacheFire","avatar":"https://community-static.tradeup.com/news/dadb20729b4de235c5471810de88a90d","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":7,"crmLevelSwitch":1,"idStr":"3560730969024945","authorIdStr":"3560730969024945"},"htmlText":"Yes!!!","listText":"Yes!!!","text":"Yes!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120296975","repostId":2145538034,"repostType":4,"repost":{"id":"2145538034","pubTimestamp":1624321860,"share":"https://ttm.financial/m/news/2145538034?lang=&edition=fundamental","pubTime":"2021-06-22 08:31","market":"us","language":"en","title":"Quanergy nears China-backed SPAC deal to go public","url":"https://stock-news.laohu8.com/highlight/detail?id=2145538034","media":"StreetInsider","summary":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go","content":"<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm <a href=\"https://laohu8.com/S/CCAC.WS\">CITIC Capital Acquisition Corp</a>, people familiar with the matter said on Monday.</p>\n<p>Quanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.</p>\n<p>Others that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.</p>\n<p>The SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.</p>\n<p>The sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.</p>\n<p>CCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.</p>\n<p>The company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources.</p>\n<p>Quanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.</p>\n<p>No Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.</p>\n<p>Quanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.</p>\n<p>Founded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> Quanergy nears China-backed SPAC deal to go public</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n Quanergy nears China-backed SPAC deal to go public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18585623><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18585623\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=18585623","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145538034","content_text":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, people familiar with the matter said on Monday.\nQuanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.\nOthers that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.\nThe SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.\nThe sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.\nCCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.\nThe company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to one of the sources.\nQuanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.\nNo Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.\nQuanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.\nFounded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120298210,"gmtCreate":1624323805330,"gmtModify":1703833421418,"author":{"id":"3581933019930023","authorId":"3581933019930023","name":"grondo","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581933019930023","authorIdStr":"3581933019930023"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120298210","repostId":2145538034,"repostType":4,"repost":{"id":"2145538034","pubTimestamp":1624321860,"share":"https://ttm.financial/m/news/2145538034?lang=&edition=fundamental","pubTime":"2021-06-22 08:31","market":"us","language":"en","title":"Quanergy nears China-backed SPAC deal to go public","url":"https://stock-news.laohu8.com/highlight/detail?id=2145538034","media":"StreetInsider","summary":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go","content":"<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm <a href=\"https://laohu8.com/S/CCAC.WS\">CITIC Capital Acquisition Corp</a>, people familiar with the matter said on Monday.</p>\n<p>Quanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.</p>\n<p>Others that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.</p>\n<p>The SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.</p>\n<p>The sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.</p>\n<p>CCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.</p>\n<p>The company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources.</p>\n<p>Quanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.</p>\n<p>No Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.</p>\n<p>Quanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.</p>\n<p>Founded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> Quanergy nears China-backed SPAC deal to go public</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n Quanergy nears China-backed SPAC deal to go public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18585623><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18585623\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=18585623","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145538034","content_text":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, people familiar with the matter said on Monday.\nQuanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.\nOthers that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.\nThe SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.\nThe sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.\nCCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.\nThe company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to one of the sources.\nQuanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.\nNo Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.\nQuanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.\nFounded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120205468,"gmtCreate":1624323590054,"gmtModify":1703833411880,"author":{"id":"3582712430239719","authorId":"3582712430239719","name":"S071","avatar":"https://static.tigerbbs.com/1f21cc4747e7e36aaf24e423fd9d808b","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":5,"crmLevelSwitch":1,"idStr":"3582712430239719","authorIdStr":"3582712430239719"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120205468","repostId":2145538034,"repostType":4,"repost":{"id":"2145538034","pubTimestamp":1624321860,"share":"https://ttm.financial/m/news/2145538034?lang=&edition=fundamental","pubTime":"2021-06-22 08:31","market":"us","language":"en","title":"Quanergy nears China-backed SPAC deal to go public","url":"https://stock-news.laohu8.com/highlight/detail?id=2145538034","media":"StreetInsider","summary":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go","content":"<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm <a href=\"https://laohu8.com/S/CCAC.WS\">CITIC Capital Acquisition Corp</a>, people familiar with the matter said on Monday.</p>\n<p>Quanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.</p>\n<p>Others that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.</p>\n<p>The SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.</p>\n<p>The sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.</p>\n<p>CCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.</p>\n<p>The company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources.</p>\n<p>Quanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.</p>\n<p>No Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.</p>\n<p>Quanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.</p>\n<p>Founded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> Quanergy nears China-backed SPAC deal to go public</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n Quanergy nears China-backed SPAC deal to go public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18585623><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18585623\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=18585623","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145538034","content_text":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, people familiar with the matter said on Monday.\nQuanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.\nOthers that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.\nThe SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.\nThe sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.\nCCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.\nThe company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to one of the sources.\nQuanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.\nNo Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.\nQuanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.\nFounded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120672949,"gmtCreate":1624323223881,"gmtModify":1703833394429,"author":{"id":"3568071651427696","authorId":"3568071651427696","name":"Pigmonkey","avatar":"https://static.tigerbbs.com/3402225c0172781df7553e20722ebad7","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3568071651427696","authorIdStr":"3568071651427696"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/120672949","repostId":2145538034,"repostType":4,"repost":{"id":"2145538034","pubTimestamp":1624321860,"share":"https://ttm.financial/m/news/2145538034?lang=&edition=fundamental","pubTime":"2021-06-22 08:31","market":"us","language":"en","title":"Quanergy nears China-backed SPAC deal to go public","url":"https://stock-news.laohu8.com/highlight/detail?id=2145538034","media":"StreetInsider","summary":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go","content":"<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm <a href=\"https://laohu8.com/S/CCAC.WS\">CITIC Capital Acquisition Corp</a>, people familiar with the matter said on Monday.</p>\n<p>Quanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.</p>\n<p>Others that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.</p>\n<p>The SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.</p>\n<p>The sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.</p>\n<p>CCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.</p>\n<p>The company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources.</p>\n<p>Quanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.</p>\n<p>No Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.</p>\n<p>Quanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.</p>\n<p>Founded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> Quanergy nears China-backed SPAC deal to go public</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n Quanergy nears China-backed SPAC deal to go public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18585623><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18585623\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=18585623","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145538034","content_text":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, people familiar with the matter said on Monday.\nQuanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.\nOthers that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.\nThe SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.\nThe sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.\nCCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.\nThe company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to one of the sources.\nQuanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.\nNo Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.\nQuanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.\nFounded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4945973,"gmtCreate":1624324240213,"gmtModify":1635252867193,"authorId":3563790138758003,"author":{"id":3563790138758003,"idStr":"3563790138758003","authorId":3563790138758003,"name":"ZCZC","avatar":"https://static.tigerbbs.com/d359c8a02a4377c583da678d7e9144c4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120672949,"type":1,"supId":0,"prevId":0,"content":"[强]","text":"[强]","html":"[强]"}],"langContent":"EN"},{"id":120679699,"gmtCreate":1624323099111,"gmtModify":1703833387900,"author":{"id":"3570751249933438","authorId":"3570751249933438","name":"edgetrader","avatar":"https://static.tigerbbs.com/7d0e920d94a7891f4c6393f3e5510ccc","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3570751249933438","authorIdStr":"3570751249933438"},"htmlText":"How to subscribe?","listText":"How to subscribe?","text":"How to subscribe?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120679699","repostId":2145538034,"repostType":4,"repost":{"id":"2145538034","pubTimestamp":1624321860,"share":"https://ttm.financial/m/news/2145538034?lang=&edition=fundamental","pubTime":"2021-06-22 08:31","market":"us","language":"en","title":"Quanergy nears China-backed SPAC deal to go public","url":"https://stock-news.laohu8.com/highlight/detail?id=2145538034","media":"StreetInsider","summary":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go","content":"<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm <a href=\"https://laohu8.com/S/CCAC.WS\">CITIC Capital Acquisition Corp</a>, people familiar with the matter said on Monday.</p>\n<p>Quanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.</p>\n<p>Others that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.</p>\n<p>The SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.</p>\n<p>The sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.</p>\n<p>CCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.</p>\n<p>The company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources.</p>\n<p>Quanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.</p>\n<p>No Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.</p>\n<p>Quanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.</p>\n<p>Founded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> Quanergy nears China-backed SPAC deal to go public</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n Quanergy nears China-backed SPAC deal to go public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18585623><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18585623\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=18585623","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145538034","content_text":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, people familiar with the matter said on Monday.\nQuanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.\nOthers that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.\nThe SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.\nThe sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.\nCCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.\nThe company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to one of the sources.\nQuanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.\nNo Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.\nQuanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.\nFounded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120670923,"gmtCreate":1624323056962,"gmtModify":1703833386280,"author":{"id":"3559208780776127","authorId":"3559208780776127","name":"SWong8899","avatar":"https://static.tigerbbs.com/a3e8f5c5e0be72ef090aabd99240e469","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3559208780776127","authorIdStr":"3559208780776127"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/120670923","repostId":2145538034,"repostType":4,"repost":{"id":"2145538034","pubTimestamp":1624321860,"share":"https://ttm.financial/m/news/2145538034?lang=&edition=fundamental","pubTime":"2021-06-22 08:31","market":"us","language":"en","title":"Quanergy nears China-backed SPAC deal to go public","url":"https://stock-news.laohu8.com/highlight/detail?id=2145538034","media":"StreetInsider","summary":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go","content":"<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm <a href=\"https://laohu8.com/S/CCAC.WS\">CITIC Capital Acquisition Corp</a>, people familiar with the matter said on Monday.</p>\n<p>Quanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.</p>\n<p>Others that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.</p>\n<p>The SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.</p>\n<p>The sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.</p>\n<p>CCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.</p>\n<p>The company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources.</p>\n<p>Quanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.</p>\n<p>No Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.</p>\n<p>Quanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.</p>\n<p>Founded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> Quanergy nears China-backed SPAC deal to go public</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n Quanergy nears China-backed SPAC deal to go public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18585623><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18585623\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=18585623","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145538034","content_text":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, people familiar with the matter said on Monday.\nQuanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.\nOthers that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.\nThe SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.\nThe sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.\nCCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.\nThe company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to one of the sources.\nQuanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.\nNo Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.\nQuanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.\nFounded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4963376,"gmtCreate":1624404877546,"gmtModify":1663229754268,"authorId":3559787818034959,"author":{"id":3559787818034959,"idStr":"3559787818034959","authorId":3559787818034959,"name":"Ericlam","avatar":"https://static.tigerbbs.com/f2154f4bb8afd22f8e6fde60b57acb69","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.09.15","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120670923,"type":1,"supId":0,"prevId":0,"content":"Nice","text":"Nice","html":"Nice"}],"langContent":"EN"},{"id":120644861,"gmtCreate":1624322990953,"gmtModify":1703833384500,"author":{"id":"3581956089914669","authorId":"3581956089914669","name":"Graceong","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581956089914669","authorIdStr":"3581956089914669"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120644861","repostId":2145538034,"repostType":4,"repost":{"id":"2145538034","pubTimestamp":1624321860,"share":"https://ttm.financial/m/news/2145538034?lang=&edition=fundamental","pubTime":"2021-06-22 08:31","market":"us","language":"en","title":"Quanergy nears China-backed SPAC deal to go public","url":"https://stock-news.laohu8.com/highlight/detail?id=2145538034","media":"StreetInsider","summary":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go","content":"<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm <a href=\"https://laohu8.com/S/CCAC.WS\">CITIC Capital Acquisition Corp</a>, people familiar with the matter said on Monday.</p>\n<p>Quanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.</p>\n<p>Others that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.</p>\n<p>The SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.</p>\n<p>The sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.</p>\n<p>CCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.</p>\n<p>The company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources.</p>\n<p>Quanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.</p>\n<p>No Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.</p>\n<p>Quanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.</p>\n<p>Founded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> Quanergy nears China-backed SPAC deal to go public</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n Quanergy nears China-backed SPAC deal to go public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18585623><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18585623\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=18585623","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145538034","content_text":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, people familiar with the matter said on Monday.\nQuanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.\nOthers that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.\nThe SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.\nThe sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.\nCCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.\nThe company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to one of the sources.\nQuanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.\nNo Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.\nQuanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.\nFounded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120641311,"gmtCreate":1624322859733,"gmtModify":1703833377021,"author":{"id":"3570864790458781","authorId":"3570864790458781","name":"Yeong","avatar":"https://static.tigerbbs.com/93092185d223c6e53fcfd64303836612","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"3570864790458781","authorIdStr":"3570864790458781"},"htmlText":"Pls like n comment&nbsp;","listText":"Pls like n comment&nbsp;","text":"Pls like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/120641311","repostId":2145538034,"repostType":4,"repost":{"id":"2145538034","pubTimestamp":1624321860,"share":"https://ttm.financial/m/news/2145538034?lang=&edition=fundamental","pubTime":"2021-06-22 08:31","market":"us","language":"en","title":"Quanergy nears China-backed SPAC deal to go public","url":"https://stock-news.laohu8.com/highlight/detail?id=2145538034","media":"StreetInsider","summary":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go","content":"<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm <a href=\"https://laohu8.com/S/CCAC.WS\">CITIC Capital Acquisition Corp</a>, people familiar with the matter said on Monday.</p>\n<p>Quanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.</p>\n<p>Others that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.</p>\n<p>The SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.</p>\n<p>The sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.</p>\n<p>CCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.</p>\n<p>The company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources.</p>\n<p>Quanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.</p>\n<p>No Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.</p>\n<p>Quanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.</p>\n<p>Founded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> Quanergy nears China-backed SPAC deal to go public</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n Quanergy nears China-backed SPAC deal to go public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18585623><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18585623\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=18585623","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145538034","content_text":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, people familiar with the matter said on Monday.\nQuanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.\nOthers that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.\nThe SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.\nThe sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.\nCCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.\nThe company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to one of the sources.\nQuanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.\nNo Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.\nQuanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.\nFounded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4945263,"gmtCreate":1624323067652,"gmtModify":1663229668544,"authorId":3559208780776127,"author":{"id":3559208780776127,"idStr":"3559208780776127","authorId":3559208780776127,"name":"SWong8899","avatar":"https://static.tigerbbs.com/a3e8f5c5e0be72ef090aabd99240e469","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120641311,"type":1,"supId":0,"prevId":0,"content":"<u>good</u>","text":"<u>good</u>","html":"<u>good</u>"},{"id":4945218,"gmtCreate":1624322990213,"gmtModify":1663229667161,"authorId":3581984444466168,"author":{"id":3581984444466168,"idStr":"3581984444466168","authorId":3581984444466168,"name":"heximania","avatar":"https://static.tigerbbs.com/bd86363b09433494d0d0ca373221939c","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120641311,"type":1,"supId":0,"prevId":0,"content":"sure","text":"sure","html":"sure"}],"langContent":"EN"},{"id":120657633,"gmtCreate":1624322735222,"gmtModify":1703833374745,"author":{"id":"3576670466397107","authorId":"3576670466397107","name":"jnz1","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3576670466397107","authorIdStr":"3576670466397107"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120657633","repostId":2145538034,"repostType":4,"repost":{"id":"2145538034","pubTimestamp":1624321860,"share":"https://ttm.financial/m/news/2145538034?lang=&edition=fundamental","pubTime":"2021-06-22 08:31","market":"us","language":"en","title":"Quanergy nears China-backed SPAC deal to go public","url":"https://stock-news.laohu8.com/highlight/detail?id=2145538034","media":"StreetInsider","summary":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go","content":"<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm <a href=\"https://laohu8.com/S/CCAC.WS\">CITIC Capital Acquisition Corp</a>, people familiar with the matter said on Monday.</p>\n<p>Quanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.</p>\n<p>Others that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.</p>\n<p>The SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.</p>\n<p>The sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.</p>\n<p>CCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.</p>\n<p>The company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources.</p>\n<p>Quanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.</p>\n<p>No Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.</p>\n<p>Quanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.</p>\n<p>Founded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> Quanergy nears China-backed SPAC deal to go public</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n Quanergy nears China-backed SPAC deal to go public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18585623><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18585623\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=18585623","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145538034","content_text":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, people familiar with the matter said on Monday.\nQuanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.\nOthers that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.\nThe SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.\nThe sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.\nCCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.\nThe company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to one of the sources.\nQuanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.\nNo Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.\nQuanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.\nFounded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120657995,"gmtCreate":1624322727317,"gmtModify":1703833370830,"author":{"id":"3581934920266169","authorId":"3581934920266169","name":"Richson","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581934920266169","authorIdStr":"3581934920266169"},"htmlText":"Sureee","listText":"Sureee","text":"Sureee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120657995","repostId":2145538034,"repostType":4,"repost":{"id":"2145538034","pubTimestamp":1624321860,"share":"https://ttm.financial/m/news/2145538034?lang=&edition=fundamental","pubTime":"2021-06-22 08:31","market":"us","language":"en","title":"Quanergy nears China-backed SPAC deal to go public","url":"https://stock-news.laohu8.com/highlight/detail?id=2145538034","media":"StreetInsider","summary":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go","content":"<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm <a href=\"https://laohu8.com/S/CCAC.WS\">CITIC Capital Acquisition Corp</a>, people familiar with the matter said on Monday.</p>\n<p>Quanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.</p>\n<p>Others that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.</p>\n<p>The SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.</p>\n<p>The sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.</p>\n<p>CCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.</p>\n<p>The company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources.</p>\n<p>Quanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.</p>\n<p>No Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.</p>\n<p>Quanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.</p>\n<p>Founded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> Quanergy nears China-backed SPAC deal to go public</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n Quanergy nears China-backed SPAC deal to go public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18585623><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18585623\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=18585623","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145538034","content_text":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, people familiar with the matter said on Monday.\nQuanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.\nOthers that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.\nThe SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.\nThe sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.\nCCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.\nThe company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to one of the sources.\nQuanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.\nNo Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.\nQuanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.\nFounded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120655801,"gmtCreate":1624322650503,"gmtModify":1703833368230,"author":{"id":"3570514907188769","authorId":"3570514907188769","name":"Airlee","avatar":"https://static.tigerbbs.com/f498172d13578b027d022139a285cc1c","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3570514907188769","authorIdStr":"3570514907188769"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120655801","repostId":2145538034,"repostType":4,"repost":{"id":"2145538034","pubTimestamp":1624321860,"share":"https://ttm.financial/m/news/2145538034?lang=&edition=fundamental","pubTime":"2021-06-22 08:31","market":"us","language":"en","title":"Quanergy nears China-backed SPAC deal to go public","url":"https://stock-news.laohu8.com/highlight/detail?id=2145538034","media":"StreetInsider","summary":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go","content":"<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm <a href=\"https://laohu8.com/S/CCAC.WS\">CITIC Capital Acquisition Corp</a>, people familiar with the matter said on Monday.</p>\n<p>Quanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.</p>\n<p>Others that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.</p>\n<p>The SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.</p>\n<p>The sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.</p>\n<p>CCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.</p>\n<p>The company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources.</p>\n<p>Quanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.</p>\n<p>No Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.</p>\n<p>Quanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.</p>\n<p>Founded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> Quanergy nears China-backed SPAC deal to go public</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n Quanergy nears China-backed SPAC deal to go public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18585623><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18585623\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=18585623","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145538034","content_text":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, people familiar with the matter said on Monday.\nQuanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.\nOthers that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.\nThe SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.\nThe sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.\nCCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.\nThe company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to one of the sources.\nQuanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.\nNo Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.\nQuanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.\nFounded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120656284,"gmtCreate":1624322581248,"gmtModify":1703833364911,"author":{"id":"3553224628095486","authorId":"3553224628095486","name":"WW1012","avatar":"https://static.tigerbbs.com/f992cdfebad899a930707fdd9a236024","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3553224628095486","authorIdStr":"3553224628095486"},"htmlText":"I don’t think it is a good stock","listText":"I don’t think it is a good stock","text":"I don’t think it is a good stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/120656284","repostId":2145538034,"repostType":4,"repost":{"id":"2145538034","pubTimestamp":1624321860,"share":"https://ttm.financial/m/news/2145538034?lang=&edition=fundamental","pubTime":"2021-06-22 08:31","market":"us","language":"en","title":"Quanergy nears China-backed SPAC deal to go public","url":"https://stock-news.laohu8.com/highlight/detail?id=2145538034","media":"StreetInsider","summary":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go","content":"<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm <a href=\"https://laohu8.com/S/CCAC.WS\">CITIC Capital Acquisition Corp</a>, people familiar with the matter said on Monday.</p>\n<p>Quanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.</p>\n<p>Others that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.</p>\n<p>The SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.</p>\n<p>The sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.</p>\n<p>CCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.</p>\n<p>The company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources.</p>\n<p>Quanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.</p>\n<p>No Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.</p>\n<p>Quanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.</p>\n<p>Founded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> Quanergy nears China-backed SPAC deal to go public</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n Quanergy nears China-backed SPAC deal to go public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18585623><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18585623\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=18585623","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145538034","content_text":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, people familiar with the matter said on Monday.\nQuanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.\nOthers that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.\nThe SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.\nThe sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.\nCCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.\nThe company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to one of the sources.\nQuanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.\nNo Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.\nQuanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.\nFounded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5003645,"gmtCreate":1624579274270,"gmtModify":1663229951745,"authorId":3550798757796905,"author":{"id":3550798757796905,"idStr":"3550798757796905","authorId":3550798757796905,"name":"howeixiong","avatar":"https://static.tigerbbs.com/fea539af5db0091afc3fa5280f22719a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120656284,"type":1,"supId":0,"prevId":0,"content":"Hoho","text":"Hoho","html":"Hoho"},{"id":4969769,"gmtCreate":1624424488629,"gmtModify":1663229789440,"authorId":3550798757796905,"author":{"id":3550798757796905,"idStr":"3550798757796905","authorId":3550798757796905,"name":"howeixiong","avatar":"https://static.tigerbbs.com/fea539af5db0091afc3fa5280f22719a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120656284,"type":1,"supId":0,"prevId":0,"content":"Hehe","text":"Hehe","html":"Hehe"},{"id":4945010,"gmtCreate":1624322660585,"gmtModify":1663229668728,"authorId":3576231438371359,"author":{"id":3576231438371359,"idStr":"3576231438371359","authorId":3576231438371359,"name":"yl2021","avatar":"https://static.tigerbbs.com/9130003d93212acf586123bc8fe8a1e0","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120656284,"type":1,"supId":0,"prevId":0,"content":"haha","text":"haha","html":"haha"}],"langContent":"EN"},{"id":120653392,"gmtCreate":1624322464716,"gmtModify":1703833360670,"author":{"id":"3571882312755933","authorId":"3571882312755933","name":"Alexngo","avatar":"https://community-static.tradeup.com/news/223e039a4ee6d691503ce2aee951d200","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3571882312755933","authorIdStr":"3571882312755933"},"htmlText":"Would you buy this stock?&nbsp;","listText":"Would you buy this stock?&nbsp;","text":"Would you buy this stock?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/120653392","repostId":2145538034,"repostType":4,"repost":{"id":"2145538034","pubTimestamp":1624321860,"share":"https://ttm.financial/m/news/2145538034?lang=&edition=fundamental","pubTime":"2021-06-22 08:31","market":"us","language":"en","title":"Quanergy nears China-backed SPAC deal to go public","url":"https://stock-news.laohu8.com/highlight/detail?id=2145538034","media":"StreetInsider","summary":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go","content":"<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm <a href=\"https://laohu8.com/S/CCAC.WS\">CITIC Capital Acquisition Corp</a>, people familiar with the matter said on Monday.</p>\n<p>Quanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.</p>\n<p>Others that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.</p>\n<p>The SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.</p>\n<p>The sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.</p>\n<p>CCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.</p>\n<p>The company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources.</p>\n<p>Quanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.</p>\n<p>No Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.</p>\n<p>Quanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.</p>\n<p>Founded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> Quanergy nears China-backed SPAC deal to go public</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n Quanergy nears China-backed SPAC deal to go public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18585623><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18585623\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=18585623","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145538034","content_text":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, people familiar with the matter said on Monday.\nQuanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.\nOthers that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.\nThe SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.\nThe sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.\nCCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.\nThe company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to one of the sources.\nQuanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.\nNo Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.\nQuanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.\nFounded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4945110,"gmtCreate":1624322828639,"gmtModify":1663229667549,"authorId":3571882312755933,"author":{"id":3571882312755933,"idStr":"3571882312755933","authorId":3571882312755933,"name":"Alexngo","avatar":"https://community-static.tradeup.com/news/223e039a4ee6d691503ce2aee951d200","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.02.11","exceedPercentage":"93.51%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120653392,"type":1,"supId":4944994,"prevId":0,"content":"I also think <u>so</u>","text":"I also think <u>so</u>","html":"I also think <u>so</u>"},{"id":4944994,"gmtCreate":1624322608322,"gmtModify":1635252978563,"authorId":3553224628095486,"author":{"id":3553224628095486,"idStr":"3553224628095486","authorId":3553224628095486,"name":"WW1012","avatar":"https://static.tigerbbs.com/f992cdfebad899a930707fdd9a236024","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120653392,"type":1,"supId":0,"prevId":0,"content":"No i dont thiNk si","text":"No i dont thiNk si","html":"No i dont thiNk si"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":167,"commentSize":25,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}