CITIC Capital Acquisition Corp - Ordinary Shares - Class A

NYSE:CCAC   3:59:53 PM EDT
9.92
+0.01 (+0.10%)
4:00:00 PM EDT: $9.89 -0.03 (-0.30%)
Debt Financing / Related, Exchange Changes, Mergers / Acquisitions

Quanergy To Publicly List Through A Business Combination With Citic Capital Acquisition Corp

Published: 06/22/2021 11:07 GMT
CITIC Capital Acquisition Corp - Ordinary Shares - Class A (CCAC) - Quanergy to Publicly List Through a Business Combination With Citic Capital Acquisition Corp.
to Democratize Smart Lidar Solutions for the Automotive and Iot Markets.
Quanergy - Pro Forma Implied Equity Value and Enterprise Value of Combined Business is Approximately $1.4 Billion and $1.1 Billion, Respectively.
Quanergy - Upon Closing, Combined Co is Expected to Be Listed on New York Stock Exchange Under Ticker Symbol "qngy".
Quanergy - Existing Quanergy Shareholders Are Rolling 100% of Their Equity in Transaction.
Quanergy - Pro Forma for Deal, Existing Quanergy Shareholders Will Own About 72% of Combined Co, While Ccac Public Shareholders Will Own About 20%.