Quanergy Systems, Inc.

Quanergy Systems, Inc. (NYSE: QNGY) is a LiDAR and smart sensing solutions company that went public through a de-SPAC merger with COVA Acquisition Corp, a blank-check vehicle that completed its IPO in 2021. The combined company began trading under the QNGY ticker on the New York Stock Exchange following the closing of the merger in February 2022. Quanergy operates in the autonomous-vehicle and industrial IoT sensing sector, developing solid-state LiDAR hardware and software analytics platforms for transportation, smart spaces, and security applications. The company subsequently encountered significant financial headwinds, filed for Chapter 11 bankruptcy protection in 2023, and was delisted from the NYSE. Sign up for SpacDesk to access the full deal history, filing timeline, and comparable SPAC transactions in the LiDAR and advanced-sensing space.