The Reporting Person acquired the Common Stock for investment purposes in the Reporting Persons ordinary course of business. The information provided in response to Items 2 and 3 hereof is incorporated herein by reference. The Reporting Persons payment of the purchase price in the PIPE Investment was funded through working capital. Placement at a purchase price of $10.00 per share (the PIPE Investment).
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Immediately prior to the closing of the Business Combination, the Reporting Person also purchased 2,500,000 shares of Common Stock in a private The separate existence of Merger Sub ceased and Legacy Quanergy became the surviving company and wholly owned subsidiary of CCAC which subsequently changed its name to Quanergy Systems, Inc. (∼CAC),Ĭapital Merger Sub, Inc., (Merger Sub) and Quanergy Systems, Inc., a Delaware corporation (Legacy Quanergy), pursuant to which Merger Sub merged with and into Legacy Quanergy,(the ∻usiness Combination), whereupon Reporting Person acquired 22,102,394 of the shares of Common Stock pursuant to the Agreement and Plan of Merger, dated as of June 21, 2021, as amended (the ∺greement), by and among CITIC Capital Acquisition Corp. The Reporting Person beneficially owns an aggregate of 24,602,394 shares of Common Stock of the Issuer as reflected in this Schedule 13D. Source and Amount of Funds or Other Consideration Rising Tide V, LLC is organized in the state of Delaware. Securities laws or finding any violation with respect to such laws. Judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state (excluding traffic violations or similar misdemeanors).ĭuring the last five years, the Reporting Persons hereto has not been a party to a civil proceeding of a The principal business of each of the Reporting Persons is as follows:ĭuring the last five years, the Reporting Person hereto has not been convicted in any criminal proceeding Rising Tide V, LLC c/o Rising Tide Fund Managers, LLC, 44 Tehama Street, San Francisco, CA 94105 The address of the principal place of business of each of the Reporting Persons are as follows: The person filing this statement is Rising Tide V, LLC (referred to as the Reporting Person). The principal executive offices of the Issuer are located at 433 Lakeside Drive, Sunnyvale, CA 90065. Per share (∼ommon Stock) of Quanergy Systems, Inc., a Delaware corporation (the Issuer). This statement on Schedule 13D (the Schedule 13D) relates to the Common Stock, par value $0.0001 The Reporting Person is managed by Victega Business Holdings Ltd.īased on approximately 83,412,347 shares of the Issuers common stock outstanding as of February 8, 2022Īs reported in the Issuers Form 8-K Current Report filed with the SEC on February 14, 2022. Investment and 4,731,078 shares of Common Stock that would be issuable upon exercise of warrants as of or within 60 days of February 8,2022, in each case, by the Reporting Person. The shares consist of 19,871,316 shares of Common Stock including 2,500,000 shares purchased in the PIPE Reporting Person. The Reporting Person expressly disclaim status as a group for purposes of this Schedule 13D. This Schedule 13D is filed by Rising Tide V, LLC (Rising Tide), which is herein referred to as the Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)Īggregate Amount Beneficially Owned by Each Reporting PersonĪmount in Row (11) Excludes Certain Shares (see instructions) If a Member of a Group (see instructions) The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the SecuritiesĮxchange Act of 1934 (∺ct) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). With respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The remainder of this cover page shall be filled out for a reporting persons initial filing on this form
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See §240.13d-7 for other parties to whom copies are to be sent. Include a signed original and five copies of the schedule, including all exhibits. Note: Schedules filed in paper format shall Previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. (Date of Event Which Requires Filing of this Statement) (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) Under the Securities Exchange Act of 1934Ĭommon Stock, par value $0.0001 per share