Quanergy Systems,the Sunnyvale, California-based lidar company, and said Tuesday it has agreed to merge with special purpose acquisition fund CITIC Capital Acquisition Corp.,a Chinese empty-check firm affiliated with the country’s largest state-owned investment conglomerate. The deal, which puts an implied valuation on Quanergy at $1.4 billion, and is expected to close in the moment half […]
Source: techcrunch.com