CITIC Capital Acquisition Files Investor Presentation on Quanergy Deal

CITIC Capital Acquisition

CITIC Capital Acquisition in an 8-K filing today included a slide deck outlining its proposed merger with Quanergy Systems, a supplier of self-driving car technology.

Quanergy is the latest company developing LiDAR technology — which uses laser beams to help generate a three-dimensional map of the road — to combine with a SPAC to go public. Others that have done so include Peter Thiel-backed Luminar Technologies and AEye.

The deal values Quanergy at about $1.1 billion. Read more.

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