secwatch.observer — SEC 8-K summary
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Issuer:     Quanergy Systems, Inc. (—)
CIK:        0001794621
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001193125-22-280629
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Quanergy Systems receives NYSE delisting notice; shares to trade OTC starting Nov 9
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1794621/000119312522280629/0001193125-22-280629-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1794621/000119312522280629/d385376d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-280629

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