CITIC Capital Acquisition Corp.
CCAC
New York Stock Exchange7.05
USD
-0.37
- -
CIK
0001794621
ISIN
KYG215131098
CUSIP
G21513109
Return %
Stock
S&P500
1Y
- -
26.84
3Y
-27.69
77.03
5Y
-27.69
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Fanglu Wang
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Beijing People's Republic of China 100027
- IPO Date
- Feb 11, 2020
- CIK
- 0001794621
- Website
- spacbyccac.com
- Similar Companies
- Business
- CITIC Capital Acquisition Corp. is a special purpose acquisition company (SPAC) sponsored by CITIC Capital Holdings Limited, primarily focused on facilitating business combinations in the technology and industrial sectors. The company secured a $125 million capital commitment from Global Emerging Markets Group in 2021 to support its planned business combination with Quanergy Systems, a leader in smart LiDAR sensor and 3D perception solutions utilized across industrial automation, physical security, smart cities, and smart spaces globally. Through this business combination, CITIC Capital Acquisition Corp. aims to leverage Quanergy’s innovative product roadmap and expand its market presence internationally. CITIC Capital Acquisition Corp. operates primarily as a financial vehicle for mergers and acquisitions rather than manufacturing or selling products directly. The company was formed to enable access to capital markets and strategic growth opportunities, with its headquarters in the Cayman Islands and sponsorship from the Beijing-based alternative investment firm CITIC Capital Holdings. Recent updates highlight its strategic alliance and financing arrangement with Quanergy, positioning it for growth in advanced sensor technology markets. CITIC Capital Holdings, the sponsor, is a global alternative investment firm with broad business lines including private equity, real estate, structured finance, and asset management, operating across Asia, Europe, and North America, founded in 2005 and headquartered in Beijing, China.
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