Quanergy Systems, Inc.

Quanergy Systems, Inc. is a Sunnyvale, California-based LiDAR sensor and smart sensing solutions company that pursued a path to public markets through a merger with COVA Acquisition Corp, a blank-check company that traded under the ticker COVA. The de-SPAC transaction was announced in 2021, with the combined entity ultimately listing on the NYSE under the ticker QNGY in early 2022. Quanergy operates in the technology sector, developing solid-state LiDAR sensors and 3D perception software targeting industrial automation, smart infrastructure, and autonomous mobility markets. Following the merger, the company faced significant financial headwinds and entered Chapter 11 bankruptcy proceedings in late 2022. Visit SpacDesk and sign up for a full data subscription to access complete filing histories, deal timelines, and sponsor profiles for Quanergy and hundreds of other SPAC transactions.