Quanergy Systems, Inc.: Nasdaq/NYSE listing notice — Quanergy Systems receives NYSE delisting notice; shares to trade OTC starting Nov 9

Quanergy Systems, Inc.

NYSE notified Quanergy on Nov 8, 2022 it fails $15M 30-day avg market cap continued listing standard.
Trading of common stock (QNGY) and warrants (QNGY WS) suspended after market close on Nov 8, 2022.
Company will not appeal; anticipates OTC trading of common stock (same symbol) beginning Nov 9, 2022.
Intends to apply for OTCQB quotation for common stock; may also apply for warrants if eligible.
Company will continue SEC reporting and remain subject to Exchange Act rules post-delisting.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Quanergy Systems, Inc. received a nyse delisting notice notice regarding market value (rules 802.01B).

Exchange: nyse
Notice: delisting notice
Deficiency: market value
Rules: 802.01B

Exact text from the filing

November 8, 2022, Quanergy Systems, Inc. (the “Company”) received a letter from the staff of NYSE Regulation notifying the Company that it had determined to commence proceedings to delist the Company’s common stock (NYSE:QNGY) and the Company’s warrants to purchase common stock (NYSE:QNGY WS) from the New York Stock Exchange (“NYSE”). Trading in these securities was suspended after the market close on the NYSE on November 8, 2022. NYSE Regulation reached its decision to delist these securities pursuant to Section 802.01B of the NYSE’s Listed Company Manual because the Company had fallen below

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Source: SEC EDGAR

accession 0001193125-22-280629

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