CITIC Capital (CCAC) Adds New Financing to Quanergy Deal

CITIC Capital (NYSE:CCAC) announced this morning that it has agreed to additional financing that could bring as much as $125 million in new money to its combination partner Quanergy following the deal’s close. The SPAC signed a share subscription facility with Global Emerging Markets Group (GEM), which works similarly to a delayed-action PIPE. GEM will
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