CITIC Capital Acquisition Corp.
CCAC-UN
New York Stock Exchange7.66
USD
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CITIC Capital Acquisition Corp.
CCAC-UN
(New York Stock Exchange)
Recent
price
7.66
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- CITIC Capital Acquisition Corp. (NYSE:CCAC-UN) is a blank check company, or special purpose acquisition company (SPAC), sponsored by CITIC Capital Holdings Limited that does not have significant operations and intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. The company provides investors access to private companies seeking public market listings through de-SPAC transactions; offers redeemable units comprising one Class A ordinary share and one-half of one redeemable warrant; and maintains a trust account holding substantially all IPO proceeds until completion of an initial business combination or liquidation. Incorporated in 2019 and headquartered in Beijing, People's Republic of China, with operations managed from Hong Kong, CITIC Capital Acquisition Corp. targets opportunities primarily in Asia and globally, focusing on established businesses with strong financial visibility. In 2022, the company entered into a definitive business combination agreement with Quanergy Systems Inc., a provider of LiDAR sensors, which was approved by shareholders and closed via reverse merger, resulting in Quanergy owning the majority of the combined entity listed under a new ticker prior to Quanergy's subsequent bankruptcy proceedings. As of late 2025, the entity trades with limited activity and potential delisting risk, reflecting no recent successful follow-on business combinations or liquidations since the Quanergy transaction.