Quanergy Reports Receipt of NYSE Non-Compliance Letter Regarding Market Capitalization

SUNNYVALE, Calif.–(BUSINESS WIRE)–Quanergy Systems, Inc., (NYSE: QNGY) (“Quanergy” or the “Company”), a leading provider of LiDAR sensors and smart 3D solutions, today announced that it received notice (the “Notice”) on July 25, 2022 from the New York Stock Exchange (the “NYSE”) that it was not in compliance with the NYSE’s continued listing standards, because its average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its

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