Form 425 CITIC Capital Acquisition Corp. Filed by: CITIC Capital Acquisition Corp.
Filed by CITIC Capital Acquisition Corp. in accordance with
Rule 425 under the Securities Act of 1933
and deemed filed in accordance with the rule 14a-12
under the Securities Exchange Act of 1934
Target company: CITIC Capital Acquisition Corp.
Commission file number: 333-257962
Date: January 14, 2022
This filing relates to the proposed merger involving CITIC Capital Acquisition Corp. (??CCAC??) and Quanergy Systems, Inc. (??Quanergy??), pursuant to the terms of this merger agreement, dated June 21, 2021.
On January 14, 2022, Henri Arif, independent director of CCAC, made the following communication on LinkedIn.
Henri Arif LinkedIn:
This is a turning point in the LiDAR industry?? The OPA architecture is, bar none, the least expensive LiDAR architecture, both from a variable cost and manufacturability perspective. Among competing LiDAR architectures, only phased array has a history in radar systems for automotive deployments in the tens of millions of units per year at costs below $300 per unit. But there was doubt about the ability of the OPA to deliver performance and in particular range. That changes today with Quanergy demonstrating 200m of reach, and positioning itself to deliver on a “mosaic of efficiency”. which will be there to meet a wide range of OEM specific requirements, in automotive of course, but also in industrial applications. Elon Musk called LiDAR a “fool’s race”. He surely did not have in mind the extremely low cost levels that the OPA will allow!
#lidar #autonomous vehicles
For more information: https://www.businesswire.com/news/home/20220105005802/en/Quanergy-Delivers-Industry-First-200-Meter-Range-for-OPA-Based-Solid-State-LiDAR
Important additional information and where to find it
In connection with the proposed transaction (the ??Business Combination??), CCAC has filed with the United States Securities and Exchange Commission (the ??SEC??) a definitive proxy statement/prospectus and other relevant documents, and expects to file other documents with the SEC regarding the business combination with Quanergy. CCAC urges its investors, shareholders and other interested persons to read the definitive proxy statement/prospectus filed with the SEC and the documents incorporated by reference therein, as these documents will contain important information about CCAC, Quanergy and the combination. of companies proposed.
CCAC has also begun mailing the definitive proxy statement/prospectus and proxy card to each CCAC shareholder as of the established record date to vote on the proposed business combination and will contain information material on the proposed business combination and related matters. CCAC shareholders and other interested persons are urged to read these materials (including any amendments or supplements thereto) and any other relevant materials in connection with CCAC’s solicitation of proxies for the meeting of shareholders to be held to approve, among other things, the proposed business combination, as they will contain important information about CCAC, Quanergy and the proposed business combination. Shareholders may also obtain free copies of the definitive proxy statement/prospectus and other relevant documents relating to the transaction on the SEC’s website at www.sec.gov or by sending a request To: CITIC Capital Acquisition Corp., 28 /F CITIC Tower, 1 Tim Mei Avenue, Central, Hong Kong, Attention: Fanglu Wang, Telephone: +852 3710 6888. The information contained on the websites referenced in this communication or accessible through them are not incorporated by reference. in, and is not part of, this communication.
Participants in the solicitation
CCAC, Quanergy and their respective directors and officers may be considered participants in the solicitation of proxies from CCAC shareholders in connection with the proposed business combination. CCAC shareholders and other interested persons may obtain, free of charge, more detailed information concerning
