---
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"
generated_at: "2026-06-20T00:15:13.469110+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Quanergy sells substantially all assets for $3.15M in Chapter 11; warns equity may be worthless

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-024954
- form_type: 8-K
- cik: 0001794621
- company_name: Quanergy Systems, Inc.
- filed_at: 2023-02-06T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.03, 2.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-024954
- JSON: https://secwatch.observer/filing/0001193125-23-024954.json
- Plain text: https://secwatch.observer/filing/0001193125-23-024954.txt

## Key facts
- Distress & Bankruptcy
  Quanergy Systems, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2022-12-13).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the District of Delaware
  - Petition: 2022-12-13
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1794621/000119312523024954/0001193125-23-024954-index.htm
- Material Agreements
  Quanergy Systems, Inc. entered into Asset Purchase Agreement with ROLISI, LLC valued at up to $3,150,000 (effective 2023-02-03).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: ROLISI, LLC
  - Value: up to $3,150,000
  - Effective: 2023-02-03
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1794621/000119312523024954/0001193125-23-024954-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.