Lidar company Quanergy to go public via $1.4B SPAC deal – TechCrunch
Quanergy Systems, the Sunnyvale, Calif.-Based lidar company, announced Tuesday that it had entered into a merger with CITIC Capital Acquisition Corp. has agreed, a Chinese blank check firm affiliated with the country’s largest state-owned investment conglomerate. The transaction, which implicitly values Quanergy at $ 1.4 billion, is expected to close in the second half of … Read more