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June 22, 2021 04:26 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Y1Vl7KQv7Ws/
Lidar company Quanergy to go public via $1.4B SPAC deal
Quanergy Systems, the Sunnyvale, California-based lidar company, said Tuesday it has agreed to merge with special purpose acquisition fund CITIC Capital Acquisition Corp., a Chinese blank-check firm affiliated with the countrys largest state-owned investment conglomerate. The deal, which puts an implied valuation on Quanergy at $1.4 billion, is expected to close in the second half […]Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Y1Vl7KQv7Ws/
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