Connect with us

Hi, what are you looking for?

Hasepoyo

Tech

Quanergy to Go Public Through SPAC Deal


Quanergy Systems Inc., a provider of lidar sensors and 3-D perception software, is going public through a combination with a special-purpose acquisition company, a deal that would value the combined business at $1.4 billion, the companies said.

The deal with Citic Capital Acquisition Corp. will help Quanergy pursue research and development, fund working capital, pay down all debt and propel potential future acquisitions, the companies said Tuesday.

Founded…



Source link

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

U.S.

The leader of a small hard-line party says he will try to form a unity government with Prime Minister Benjamin Netanyahu’s opponents. Sunday’s...

Sports

Philippines’ Elreen Ann Ando competes in the women’s 64kg weightlifting competition during the Tokyo 2020 Olympic Games at the Tokyo International Forum in Tokyo...

Politics

WASHINGTON — The U.S. military conducted a drone strike against Shabab fighters in Somalia on Friday, the second attack in a week since the...

Tech

The woman who led the design of Bumble’s dating app in the run-up to the company’s February initial public offering is joining Twitter Inc.,...

Copyright © 2020 ZoxPress Theme. Theme by MVP Themes, powered by WordPress.