{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-024954","form_type":"8-K","ticker":null,"cik":"0001794621","company_name":"Quanergy Systems, Inc.","filed_at":"2023-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.569701+00:00","generated_at":"2026-06-20T00:15:13.469110+00:00","sec_items":["1.01","1.03","2.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Quanergy sells substantially all assets for $3.15M in Chapter 11; warns equity may be worthless","bullets":["Court-approved sale of substantially all assets to ROLISI, LLC for up to $3.15M completed Feb 3, 2023.","Net loss of $2.41M for 19-day post-petition period; revenue $0.21M, cash $8.4M.","Prepetition unsecured debt $31.0M; total liabilities $31.1M; stockholder equity $11.1M.","Company cautions that trading in its securities is highly speculative; common stock may have no recovery."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-024954","json":"https://secwatch.observer/filing/0001193125-23-024954.json","markdown":"https://secwatch.observer/filing/0001193125-23-024954.md","text":"https://secwatch.observer/filing/0001193125-23-024954.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1794621/000119312523024954/0001193125-23-024954-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1794621/000119312523024954/d406802d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T00:15:13.469110+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"37774c51c8feb86ba38466d6108614e0d74e68ac","claim":"Quanergy Systems, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2022-12-13).","evidence_excerpt":"On December 13, 2022, Quanergy Systems, Inc. (the \"Company\") filed a voluntary petition (Case No. 22-11305) for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (such court, the \"Court\" and such case, the \"Case\").","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1794621/000119312523024954/0001193125-23-024954-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court for the District of Delaware"},{"label":"Petition","value":"2022-12-13"}],"fact_type":"distress_event"},{"claim_id":"bdddac33a8e47fff3b303bac14f4260f1da14491","claim":"Quanergy Systems, Inc. entered into Asset Purchase Agreement with ROLISI, LLC valued at up to $3,150,000 (effective 2023-02-03).","evidence_excerpt":"On February 3, 2023, the Company entered into an Asset Purchase Agreement (the “Purchase Agreement”) with ROLISI, LLC (the “Buyer”) to sell substantially all of its assets pursuant to a sale conducted under Section 363 of the U.S. Bankruptcy Code (the “Asset Sale”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1794621/000119312523024954/0001193125-23-024954-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"ROLISI, LLC"},{"label":"Value","value":"up to $3,150,000"},{"label":"Effective","value":"2023-02-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}