{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-277096","form_type":"8-K","ticker":null,"cik":"0001794621","company_name":"Quanergy Systems, Inc.","filed_at":"2023-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.482487+00:00","generated_at":"2026-06-08T03:55:13.583357+00:00","sec_items":["1.03","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Court confirms Chapter 11 plan; equity canceled, unsecured claims recover 8.5–10.3%","bullets":["Bankruptcy Court confirmed First Amended Chapter 11 Plan on Nov 8, 2023.","All common stock and equity interests to be cancelled and extinguished on the effective date.","General unsecured claims (est. $12.6M–$13.8M) projected to recover 8.5%–10.3%.","GUC Settlement Claims ($10M) recover 0%; Subordinated and Interests receive nothing.","Effective Date will occur once all conditions precedent to the Plan are satisfied."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-277096","json":"https://secwatch.observer/filing/0001193125-23-277096.json","markdown":"https://secwatch.observer/filing/0001193125-23-277096.md","text":"https://secwatch.observer/filing/0001193125-23-277096.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1794621/000119312523277096/0001193125-23-277096-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1794621/000119312523277096/d349496d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T03:55:13.583357+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":"224e2415446a70515a1acee8b57b08b9999f2b51","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","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1794621/000119312523277096/0001193125-23-277096-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"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}