Quanergy Systems, Inc.

Quanergy Systems, Inc. (NYSE: QNGY) is a LiDAR sensor and smart-space technology company that completed its de-SPAC merger with COVA Acquisition Corp in February 2022; COVA, sponsored by COVA Capital Partners, completed its IPO in January 2021. An 8-K filed February 6, 2023 documents the company's continued post-merger distress: Quanergy had filed for Chapter 11 bankruptcy protection in November 2022, citing inadequate liquidity and deteriorating conditions in the autonomous-systems and industrial-sensing markets. The company, which targeted smart cities, security surveillance, and industrial automation verticals, was working through court-supervised proceedings into early 2023. Sign up at SpacDesk for full filing history, status tracking, and analytics on QNGY and hundreds of other SPAC transactions.