Quanergy Systems, Inc. filed a plan of reorganization with related disclosure statement in the US Bankruptcy Court on December 30, 2022. As per the plan filed, administrative claims, professional fee claims, priority tax claims, secured claims, priority non-tax claims, shall be paid in full in cash. General unsecured claims shall receive its pro rata share of general unsecured claim distribution.

Subordinated claims shall receive its pro rata share of subordinated claim distribution. Interests shall be cancelled and shall receive its pro rata share of interest distribution. The plan shall be funded through cash.