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- jqngjqng
  ·2021-06-25
  Hello......
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- jqngjqng
  ·2021-06-24
  Up....
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- jqngjqng
  ·2021-06-23
  $BROADWAY INDUSTRIAL GROUP LTD(B69.SI)$omg
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- jqngjqng
  ·2021-06-23
  Gme
  GameStop gives investors 1.6 billion reasons to care about the meme trade: Morning Brief
  This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox
  GameStop gives investors 1.6 billion reasons to care about the meme trade: Morning Brief
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- jqngjqng
  ·2021-06-22
  [开心]
  Quanergy nears China-backed SPAC deal to go public
  (Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go
  Quanergy nears China-backed SPAC deal to go public
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- jqngjqng
  ·2021-06-21
  $Starbucks(SBUX)$nice
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href=\"https://laohu8.com/S/B69.SI\">$BROADWAY INDUSTRIAL GROUP LTD(B69.SI)$</a>omg","listText":"<a href=\"https://laohu8.com/S/B69.SI\">$BROADWAY INDUSTRIAL GROUP LTD(B69.SI)$</a>omg","text":"$BROADWAY INDUSTRIAL GROUP LTD(B69.SI)$omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/121050634","isVote":1,"tweetType":1,"viewCount":558,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121050345,"gmtCreate":1624445836387,"gmtModify":1634006065324,"author":{"id":"3583922433404651","authorId":"3583922433404651","name":"jqng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583922433404651","authorIdStr":"3583922433404651"},"themes":[],"htmlText":"Gme","listText":"Gme","text":"Gme","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/121050345","repostId":"2145096879","repostType":4,"repost":{"id":"2145096879","kind":"news","pubTimestamp":1624441800,"share":"https://ttm.financial/m/news/2145096879?lang=&edition=full","pubTime":"2021-06-23 17:50","market":"us","language":"en","title":"GameStop gives investors 1.6 billion reasons to care about the meme trade: Morning Brief","url":"https://stock-news.laohu8.com/highlight/detail?id=2145096879","media":"Yahoo Finance","summary":"This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox ","content":"<p><b><i>This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. </i></b><b>Subscribe</b></p>\n<p>The \"meme trade\" has been <a href=\"https://laohu8.com/S/AONE\">one</a> of the market's defining trades this year.</p>\n<p>And while some investors have chosen to ignore the action we've seen in shares of GameStop (GME) or AMC (AMC) amid a value rotation, rising bond yields, and a booming economy, these retail-driven trading frenzies are starting to reshape the fundamentals of these businesses. They're more than just a sideshow.</p>\n<p>Earlier this month, we argued AMC's capital raises into a frenzied stock market created a blueprint for how management teams need to approach the meme market. Stock sale announcements by second-tier meme plays like <a href=\"https://laohu8.com/S/EXPR\">Express</a> (EXPR) and MicroVision (MVIS) shows how executives are starting to follow this playbook.</p>\n<p>But after some hesitation, the grandaddy of all meme names — GameStop — has also taken this environment as an opportunity to reshape its balance sheet and help drive growth for the future.</p>\n<p>These moves show how consequential the meme trade can be.</p>\n<p>GameStop said on Tuesday it completed its recently announced 5 million share \"at-the-money\" stock offering. The offering brought in some $1.126 billion to the company and adds to the $551 million the company raised with its 3.5 million share offering completed back in the spring.</p>\n<p>And so in the last three months, the company has sold 8.5 million shares at an average price of around $197, and raised a whopping $1.677 billion.</p>\n<p>It was just under a year ago that Keith Gill published his first YouTube video outlining the thesis that GameStop shares were undervalued, heavily shorted, and likely to rise significantly in price. At the time, GameStop was trading around $4 per share, with the company valued at about $260 million.</p>\n<p>On Tuesday, shares closed the trading session above $220, giving the company a market capitalization just north of $15 billion.</p>\n<p>In July 2020, with shares at $4 a piece, GameStop would've had to issue upwards of 400 million shares to raise the amount of money it has in the last few months. Instead, the unexpected and long-lasting rally in its shares allowed the company to sell just 3% of what would've been required to raise a similar amount just <a href=\"https://laohu8.com/S/AONE.U\">one</a> year ago.</p>\n<p>And let's be clear — there is no chance GameStop could've issued that amount of stock last year. With more than $400 million in long-term debt on its balance sheet and a market capitalization under $300 million, raising $1.7 billion in equity would've been a near impossibility.</p>\n<p>In short, GameStop raised a ton of money without significantly penalizing existing shareholders — 8.5 million shares totals about 12% of the company's shares outstanding as of May 1. In addition, it raised an amount of working capital the company would never have been able to access without the rally while sustaining the high price of the company's stock.</p>\n<p>With the capital GameStop has raised this year, the company paid down all of its long-term debt, and gave its new management team — led by a slew of Amazon (AMZN) veterans — the firepower they need to try and transform a business Gill (and many others) believed was underappreciated by the market.</p>\n<p>GameStop CEO Matt Furlong's first day on the job was Monday. So far, GameStop has said only that it hopes to use this capital \"for general corporate purposes as well as for investing in growth initiatives and maintaining a strong balance sheet.\" This is boilerplate language.</p>\n<p>And in many ways, raising this money was the easy part. How Furlong and the new executive team at GameStop deploy this capital will be a defining event in their careers. But to even be in this position would've been unthinkable for GameStop investors and managers at this time last year.</p>\n<p>Just something to keep in mind the next time someone tells you that what happens online isn't real life.</p>\n<h3><b>What to watch today</b></h3>\n<p><b>Economy </b></p>\n<ul>\n <li>7:00 a.m. ET: <b>MBA Mortgage Applications,</b> week ended June 18 (4.2% during prior week)</li>\n <li>8:30 a.m. ET: <b>Current Account Balance, Q1</b> (-$206.2 billion expected, -$188.5 billion during prior quarter)</li>\n <li>9:45 a.m. ET: <b><a href=\"https://laohu8.com/S/MRKT\">Markit</a> U.S. Manufacturing PMI, </b>June preliminary (61.5 expected, 62.1 in May)</li>\n <li>9:45 a.m. ET: <b>Markit U.S. Services PMI, </b>June preliminary (69.9 expected, 70.4 in May)</li>\n <li>9:45 a.m. ET: <b>Markit U.S. Composite PMI,</b> June preliminary (68.7 in May)</li>\n <li>10:00 a.m. ET: <b>New home sales, </b>May (865,000 expected, 863,000 in April)</li>\n</ul>\n<p><b>Earnings</b></p>\n<ul>\n <li><i>No notable reports scheduled for release </i></li>\n</ul>\n<h3><b>Yahoo Finance Highlights</b></h3>\n<p>Quality stocks haven't been this cheap in more than 20 years</p>\n<p>Government health care is overtaking private coverage</p>\n<p>3 reasons why airline delays and cancellations could persist this summer</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop gives investors 1.6 billion reasons to care about the meme trade: Morning Brief</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop gives investors 1.6 billion reasons to care about the meme trade: Morning Brief\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 17:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/game-stop-gives-investors-16-billion-reasons-to-care-about-the-meme-trade-morning-brief-091020855.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe\nThe \"meme trade\" has been one of the market's ...</p>\n\n<a href=\"https://finance.yahoo.com/news/game-stop-gives-investors-16-billion-reasons-to-care-about-the-meme-trade-morning-brief-091020855.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://finance.yahoo.com/news/game-stop-gives-investors-16-billion-reasons-to-care-about-the-meme-trade-morning-brief-091020855.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2145096879","content_text":"This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe\nThe \"meme trade\" has been one of the market's defining trades this year.\nAnd while some investors have chosen to ignore the action we've seen in shares of GameStop (GME) or AMC (AMC) amid a value rotation, rising bond yields, and a booming economy, these retail-driven trading frenzies are starting to reshape the fundamentals of these businesses. They're more than just a sideshow.\nEarlier this month, we argued AMC's capital raises into a frenzied stock market created a blueprint for how management teams need to approach the meme market. Stock sale announcements by second-tier meme plays like Express (EXPR) and MicroVision (MVIS) shows how executives are starting to follow this playbook.\nBut after some hesitation, the grandaddy of all meme names — GameStop — has also taken this environment as an opportunity to reshape its balance sheet and help drive growth for the future.\nThese moves show how consequential the meme trade can be.\nGameStop said on Tuesday it completed its recently announced 5 million share \"at-the-money\" stock offering. The offering brought in some $1.126 billion to the company and adds to the $551 million the company raised with its 3.5 million share offering completed back in the spring.\nAnd so in the last three months, the company has sold 8.5 million shares at an average price of around $197, and raised a whopping $1.677 billion.\nIt was just under a year ago that Keith Gill published his first YouTube video outlining the thesis that GameStop shares were undervalued, heavily shorted, and likely to rise significantly in price. At the time, GameStop was trading around $4 per share, with the company valued at about $260 million.\nOn Tuesday, shares closed the trading session above $220, giving the company a market capitalization just north of $15 billion.\nIn July 2020, with shares at $4 a piece, GameStop would've had to issue upwards of 400 million shares to raise the amount of money it has in the last few months. Instead, the unexpected and long-lasting rally in its shares allowed the company to sell just 3% of what would've been required to raise a similar amount just one year ago.\nAnd let's be clear — there is no chance GameStop could've issued that amount of stock last year. With more than $400 million in long-term debt on its balance sheet and a market capitalization under $300 million, raising $1.7 billion in equity would've been a near impossibility.\nIn short, GameStop raised a ton of money without significantly penalizing existing shareholders — 8.5 million shares totals about 12% of the company's shares outstanding as of May 1. In addition, it raised an amount of working capital the company would never have been able to access without the rally while sustaining the high price of the company's stock.\nWith the capital GameStop has raised this year, the company paid down all of its long-term debt, and gave its new management team — led by a slew of Amazon (AMZN) veterans — the firepower they need to try and transform a business Gill (and many others) believed was underappreciated by the market.\nGameStop CEO Matt Furlong's first day on the job was Monday. So far, GameStop has said only that it hopes to use this capital \"for general corporate purposes as well as for investing in growth initiatives and maintaining a strong balance sheet.\" This is boilerplate language.\nAnd in many ways, raising this money was the easy part. How Furlong and the new executive team at GameStop deploy this capital will be a defining event in their careers. But to even be in this position would've been unthinkable for GameStop investors and managers at this time last year.\nJust something to keep in mind the next time someone tells you that what happens online isn't real life.\nWhat to watch today\nEconomy \n\n7:00 a.m. ET: MBA Mortgage Applications, week ended June 18 (4.2% during prior week)\n8:30 a.m. ET: Current Account Balance, Q1 (-$206.2 billion expected, -$188.5 billion during prior quarter)\n9:45 a.m. ET: Markit U.S. Manufacturing PMI, June preliminary (61.5 expected, 62.1 in May)\n9:45 a.m. ET: Markit U.S. Services PMI, June preliminary (69.9 expected, 70.4 in May)\n9:45 a.m. ET: Markit U.S. Composite PMI, June preliminary (68.7 in May)\n10:00 a.m. ET: New home sales, May (865,000 expected, 863,000 in April)\n\nEarnings\n\nNo notable reports scheduled for release \n\nYahoo Finance Highlights\nQuality stocks haven't been this cheap in more than 20 years\nGovernment health care is overtaking private coverage\n3 reasons why airline delays and cancellations could persist this summer","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":485,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120659472,"gmtCreate":1624322452896,"gmtModify":1634007871977,"author":{"id":"3583922433404651","authorId":"3583922433404651","name":"jqng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583922433404651","authorIdStr":"3583922433404651"},"themes":[],"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120659472","repostId":"2145538034","repostType":4,"repost":{"id":"2145538034","kind":"news","pubTimestamp":1624321860,"share":"https://ttm.financial/m/news/2145538034?lang=&edition=full","pubTime":"2021-06-22 08:31","market":"us","language":"en","title":"Quanergy nears China-backed SPAC deal to go public","url":"https://stock-news.laohu8.com/highlight/detail?id=2145538034","media":"StreetInsider","summary":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go","content":"<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm <a href=\"https://laohu8.com/S/CCAC.WS\">CITIC Capital Acquisition Corp</a>, people familiar with the matter said on Monday.</p>\n<p>Quanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.</p>\n<p>Others that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.</p>\n<p>The SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.</p>\n<p>The sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.</p>\n<p>CCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.</p>\n<p>The company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources.</p>\n<p>Quanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.</p>\n<p>No Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.</p>\n<p>Quanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.</p>\n<p>Founded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> Quanergy nears China-backed SPAC deal to go public</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n Quanergy nears China-backed SPAC deal to go public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 08:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18585623><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18585623\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=18585623","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145538034","content_text":"(Reuters) - Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, people familiar with the matter said on Monday.\nQuanergy would be the latest company developing LiDAR technology - which uses laser beams to help generate a three-dimensional map of the road - to turn to a so-called special purpose acquisition company (SPAC) to go public.\nOthers that have done so include Peter Thiel-backed Luminar Technologies Inc and AEye.\nThe SPAC deal would value Quanergy at $1.1 billion and could be announced as early as this week, the sources said.\nThe sources requested anonymity because the negotiations are confidential. Quanergy and CITIC did not immediately respond to requests for comment.\nCCAC raised around $240 million in an IPO on the New York Stock Exchange in February 2020. It is sponsored by CITIC Capital Holdings Limited, which is backed by CITIC Group, China’s largest investment conglomerate.\nThe company was preparing to file for clearance of the deal with the Committee on Foreign Investment in the United States (CFIUS), a national security panel that scrutinizes foreign investment, according to one of the sources.\nQuanergy expects CFIUS would greenlight the deal because CITIC would keep its stake in the company below 10%, and Quanergy was not engaged in the recording of any personal driver data, the source added.\nNo Quanergy shareholder would sell shares in the deal. Net cash proceeds held by the combined company were estimated to be about $278 million, according to the sources. They would be used to fund its operational growth and for general corporate purposes.\nQuanergy shareholders would own about 72% of the combined company, while SPAC shareholders would own around 20%, with most of the remainder going to outside investors.\nFounded in 2012, Quanergy is based in Sunnyvale, California. The company has said it is the only major LiDAR provider to use Optical Phased Array technology, which reduces movable parts and therefore is better for the requirements of the automotive industry.","news_type":1,"symbols_score_info":{"CCAC":0.9}},"isVote":1,"tweetType":1,"viewCount":715,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":164785664,"gmtCreate":1624236394758,"gmtModify":1631885860798,"author":{"id":"3583922433404651","authorId":"3583922433404651","name":"jqng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583922433404651","authorIdStr":"3583922433404651"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SBUX\">$Starbucks(SBUX)$</a>nice","listText":"<a href=\"https://laohu8.com/S/SBUX\">$Starbucks(SBUX)$</a>nice","text":"$Starbucks(SBUX)$nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/164785664","isVote":1,"tweetType":1,"viewCount":846,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}